Reputation is the missing piece for cultural assets, same goes for credit.
Vena prices borrow terms on Prints. The same primitive will be used to value culture, and rates.
New week, new apps.
Here's everything that happened on Fluent this week:
→ @PumpPals went live. The Maiden Series 1st Edition packs are now available, with model rosters confirmed and gameplay rules out. Buy packs, build a deck, and trade with other players. Crypto payments are also live, so you can buy packs directly with USDnr and ETH on Fluent.
→ @YumiFinance launched its vault on Fluent. Deposit USDnr to earn up to 20% APY. That's 10% base yield plus 10% in $BLEND incentives. The capital funds short-term loans to vetted SMBs in Central Asia and APAC, underwritten through bank statements, tax filings, and cash flow data. Senior depositors sit in an 80% tranche with Yumi's 20% equity taking first loss.
→ @Neronaxyz crossed $27M in TVL and. shipped its first weekly Transparency Report. Full proof-of-reserves on Fluent showing 100% backing for sUSDnr. USDnr stakers continue to earn around 10% APY.
→ @venafinance hit $20M in TVL. Reminder that you can lend USDnr at ~15% APY (more if you deposit through Sprout) or borrow at -21% APY where $BLEND incentives mean you get paid to take a loan.
→ @FluxFlowFi rolled out the full Points program. Six quests with one-time bonuses, multipliers, and streak rules. BLEND/USDnr pairs have the highest yields in the ecosystem with up to ~170% APR.
→ @PulsePredictor opened new markets this week. Eurovision, US inflation, geopolitics, and peptides are all live. Build your Predictor Score as it's coming to your Print soon.
That was week 3. Onto week 4.
Vena is working with @FluxFlowFi, the native DEX for @fluentxyz, as our primary liquidity layer.
Coming next, every Vena flow that needs a swap will route through Flux:
→ Repay with collateral
→ Collateral swap
→ One-click looping
To many more.
Love,
BBC
First integration is live. @sproutfi_xyz now routes deposits into Vena's USDnr market.
Sprout routes user capital to risk-appropriate strategies.
Through Sprout, your deposits stack four yields:
→ Vena supply yield
→ BLEND incentives on Vena markets (+30% APY)
→ BLEND incentives on Sprout vaults
→ Vena and Points
Stack em all!
What’s been happening and what's next:
(1) ~$110k generated from USDnr so far → $65k used to buyback $BLEND
(2) Prints features → adding reputation signals (ex: predictor score, fan score) so more apps can build on top
(3) Protocol staking → first utility for $BLEND using DPoS
(4) Incentivized experiences → predictor experience going live soon followed by a creator experience
Ecosystem update
Incentives are now live across the ecosystem:
→ @FluxFlowFi: BLEND/USDnr, WETH/USDnr, sUSDnr/USDnr pools
→ @venafinance: BLEND, USDnr and sUSDnr borrow/lend markets
→ @Neronaxyz: incentives for sUSDnr holders
Additionally, USDnr from the pre-deposit program is now being deployed into USDnr and sUSDnr pools to increase liquidity across the Fluent ecosystem.
More incentives and liquidity will continue to be rolled out over the coming days.
Fluent's $BLEND incentive program is live on Vena, distributed via @merkl_xyz.
$5M supplied since mainnet. Caps full. Raises queued.
https://t.co/bDfqMCW9CU
Earn on @fluentxyz, powered by Upshift.
Fluent Mainnet went live today. earnUSDnr is the primary stablecoin yield strategy on the network, curated by @sharpbytexyz.