Where @Morpho, @SentoraHQ and @tempo show up, Merkl is never far ๐
Proud to have worked on the @deel stablecoin wallet, bringing onchain finance into the world of fintechs and payments. More coming to the Merkl App.
A new chapter for Merkl ๐
Merkl now supports non-EVM chains, starting with @StellarOrg. Any protocol on Stellar can now launch reward campaigns in minutes.
The incentive layer for every chain.
Sonic Boom has concluded and the distribution of Gems to protocols is kicking off soon! ๐
We've heard many of you asking for support in managing your Gems. That's why we've built an offer for protocols to unlock the full potential of Gems in the @0xSonicLabs airdrop โ maximizing efficiency, saving time, and boosting your gains!
Discover our proposal here: https://t.co/ErWZrSkkn1
DAI with dignity... ๐ชฆ Upgrade to USDA!
Go to https://t.co/gYH6Yf8diX and swap your DAI for USDA (or your sDAI for stUSD).
With USDA, you get:
โ No freeze function
โ 24/7 real-time backing
โ Higher yield
"No need to reach the SKY when the ground holds its own treasures."
Introducing Cede Points: Use your CEX, Earn Points โญ
We're thrilled to unveil our Cede Points System, designed to reward your everyday activities on centralized exchanges (CEX) through your https://t.co/EjPuQhEiwA extension. ๐ผ
Every action = instant rewards. It's that simple.
There are multiple ways to earn points:
โข ๐ Link your centralized exchange
โข ๐ Transfer assets from CEX to your DeFi wallets
โข ๐ Send assets across specific chains partners
But that's not all!
Boost your earnings:
โข ๐๏ธ Share your referral code
โข ๐ Earn even more points!
Start maximizing your crypto activities today.
Download https://t.co/EjPuQhEiwA ๐ผ extension and turn your everyday actions into valuable rewards!
๐ https://t.co/3d6AlpWdOe
Have you heard of @merkl_xyz?
Angle Labs, a contributor to Angle Protocol, also builds the Merkl Reward Hub, an onchain incentive platform ๐ฐ
โ Earn tokens by participating in campaigns.
โ Grow your project by creating airdrops, point systems, attracting liquidity, and more!
1/ Our USDA stablecoin is now accessible to all!
When using USDA you get:
- a native 10% yield๐ฐ
- exposure to RWAs in the backing ๐๏ธ
- robust anti-depeg mechanisms๐ก๏ธ
- the same liquidity as USDC๐ง
With this new DeFi Superconductor, it's time for Angle 3.0: the Forex Hub ๐งต๐๐ผ
QuickSwap's Merkl Tree integration is live on Polygon zkEVM ๐ฅ
Provide liquidity and farm on V3 with ease in 1 click.
That means LPs automatically begin earning farming rewards for supported ALM pairs!
Straightforward, seamless, and efficient. Everything dragons love.
First launched on Polygon PoS, this technology is now available on @0xPolygon's flagship ZK rollup scaling solution (zkEVM).
Users can currently choose between strategies offered by @GammaStrategies as the first supported ALM provider (more to come).
Via @AngleProtocol's tech, QuickSwap's Merkl Tree integration lets users LP to specific token pairs in vaults supported by ALMs, which earn both LP and farming rewards.
This eliminates the need to first LP and then separately stake those LP tokens to earn farming rewards, making the process much easier and simple.
To check supported/eligible pairs for different ALM strategies, navigate to the "Farms" tab on QuickSwap and browse.
Do we really need decentralized stablecoins?
There's not a single week without a new stablecoin going live.
This multiplication of assets fragments liquidity, user attention, and very often worsens the DeFi experience.
The censorship resistance aspect is also less relevant when all these stablecoins rely on centralized ones to ensure stability.
๐
$ARB incentives go live 5pm UTC 14th Nov ๐
3,000,000 ARB.
3 months.
60+ pools.
Over 45 partners.
https://t.co/4sD9KxJSe6
Read all of the details below ๐๐งต/1
Following the schedule voted by Angle Governance, the stEUR rate has been updated to 7.96% ๐
๐คHow come?
Angle earns a revenue on its assets, notably from people borrowing agEUR and yield-bearing RWAs in its reserves.
Not all agEUR are eligible to this revenue: rather you need to stake your agEUR for stEUR to earn a share of it.
If the protocol earns 1.8% of interest revenue for every agEUR in circulation, and 50% of agEUR are staked, then it could distribute up to 3.6% to all agEUR stakers.
Right now, with 21.5% of all agEUR staked, an estimated interest revenue of the protocol of โฌ314.6k and 90% of the interest revenue directed to stEUR holders, the stEUR rate becomes 7.96%!
๐ค When will it next be updated?
Either in 7 days, if the rate from the scheduled voted by governance deviates by 0.5% from the current rate, or if the rate is so high that the protocol actually distributes more than what it earns.
๐ค How can I track the future value of the rate?
You can track in real time what the rate should be according to what was voted by governance on Angle Analytics: https://t.co/2Sl9mjBW5t
๐ More info here: https://t.co/KgWYhUqI16
Today is the day - Say hello to stEUR ๐ช๐บ๐
Stake agEUR on Ethereum now, get stEUR + a fixed 4% APY.
Itโs simple:
๐ Native yield paid in agEUR
๐ No minimum deposit
๐ Immediate compounding
๐ No lock, withdraw anytime
Your stEUR is an agEUR on steroids!
To learn more about how stEUR works and where the yield comes from, check out our blog article:
https://t.co/p0umJWP4G3
With stEUR, Angle is now fully entering the value-sharing era DeFi is made for.
Next week we're launching stEUR, a Euro staking solution powered notably by the RWAs @AngleProtocol protocol has in the reserves behind agEUR.
Initial yield is set to be 4%. What's really cool about this is that Angle Exposure to RWAs is so far less than its equity: we control โฌ6.5m worth of yield bearing assets for a โฌ6.7m equity for agEUR.
The approach taken by the Angle DAO for this product has been so far super risk averse when it could have been far far more aggressive given how Transmuter is designed to support large scale redemptions.
@BackedFi products could for some reason be worth 0 and the protocol would still have enough collateral to handle all agEUR claims.
agEUR RWA backing could, in absolute terms, automatically increase through the Transmuter dynamic fees.
And upon launch, it's going to be about safely ramping up this exposure, in relative terms, managing liquidity risk while increasing the Return over Assets of the protocol
@AaveAave Looks like someone messed up your DNS. Getting redirected to this when visiting https://t.co/wKdjEOnp3c
The attacker: https://t.co/DolSqatxhv
๐ ANGLE V2 HAS OFFICIALLY SHIPPED
Remember the USDC depeg and scare in March 2023? ๐
It became very clear that all stablecoins are facing hard problems.
Angle V2 smart contracts are born to solve the hard things:
โ resilience in case of extreme volatility
โ a fair exit for all in case of black swan event
โ more value-sharing with protocol participants ๐
Wondering what we mean by value-sharing?
The reserves of agEUR will now include more diversified assets, including bC3M, a tokenized short-term and risk-free Euro bonds ETF from @BackedFi.
This asset in the reserves will accrue interest and be the first piece to stream a risk-free yield to all agEUR holders staking their agEUR. Get ready for stagEUR ๐ฐ
๐It will never be stated enough that safety and resilience are the foundations to create the promise of composability and value sharing that Defi holds. And thatโs why the Angle core contributors got to work ๐
Make sure to tune in on Friday August 11 at 6pm CET to hear more about the future of stablecoins ๐ป
๐จ๐TODAY IS A GOOD DAY๐จ๐
๐ฅFor the juicy bit of this news go directly to the end of this tweet ๐
Our own @pablo_veyrat announced ANGLE V2 on the @ethCC Main stage.
Our goal at Angle is to revolutionize the way you enjoy Defi and make it actually enjoyable.
The infrastructure that will support agEUR is set to make build a stablecoin that is:
โ ย safe and relies on auditable smart contracts
โ ย resilient to cases of extreme volatility
โ ย fair to all holders in case of black swan events
โ ย diversified with a backing including notably short term yield-generating tokenized bonds ๐
These are pre-requisites and foundations for trust and adoption in this space.
With this super-infrastructure, Angle will bring you what Defi is meant for since the beginning: more value-sharing and composability in a transparent context.
๐Stay tuned for the Angle savings rate: the power of Defi will be full force this fall to automatically stream a risk-free yield to all agEUR holders ๐