Calling all SWIV holders, ETH stakers and stablecoin lenders!
The time for SWIV staking and higher lending/staking yields is here -- Introducing Swivel v4 and the Swivel Safety Module
https://t.co/B49ROzOVOY
Max pain from this exploit is @newmichwill's CRV loan liquidation, CRV dumping further, and Aave going undercollateralized?
(Although I believe Aave's security module can handle things)
Introducing Illuminate, a new zero-to-one fixed-yield lending aggregation protocol.
Built to make “Defi: Fixed”, Illuminate was designed from the ground up to reform the broken fixed-yield niche and shape it into the most impactful market in DeFi.
https://t.co/q05fKHcTU6
SUPER stoked for this announcement - Illuminate and Anata represent basically 100% of my focus in crypto for the last ~1.5 years, and today we’re officially announcing our full hard launch of Illuminate (coming out tomorrow the 12th).
I’d really appreciate you checking out ze thread below, this launch has been a huge focus of mine for a long time and I’m really excited to have it out in the wild. Will be around on the timeline a lot more now that we’re launched 😈
Our goal here at Illuminate is to create a central hub of reliable fixed-rate lending services within DeFi.
How, you ask?
Well, to put it simply, we need lots of help from our fixed-rate friends at some of the most promising projects out there.
A few weeks into our guarded launch and Illuminate TVL is only up!
With the best rates on Mainnet, it's just the start of our journey towards making “Defi: Fixed” 🔥🔥🔥
Fixed APR = 4.57%
LP APR = 12.71% Variable + 4.2% Fixed
Catch our Space with @pendle_fi and @SwivelFinance this Monday at 9a CST / 2p UTC!
It has been up only for fixed-yields, and our teams will be available to take questions, share alpha, and talk all things “fixing DeFi”!
https://t.co/TsKkV5rZwL
Join us May 1st for a very special Spaces at 10a EST / 2p UTC!
Our friends at @pendle_fi and @SwivelFinance will be there to talk:
✅ What’s broken in DeFi
✅ How our protocols are fixing it
✅ Where we think the future of fixed rates is headed!
https://t.co/TsKkV5rZwL
🔥10 Days into Fixing DeFi!🔥
Super proud to have 250k lent on our protocol so far 🥹
We are already:
☑️The largest USDC depositor on @SwivelFinance
☑️The largest USDC depositor on @senseprotocol
☑️The largest recent depositor on @NotionalFinance
With MUCH more otw...
2023 has had a ton of crypto narratives: AI, GambleFi, LSDs, Account Abstraction, you name it!
However, there’s another emerging trend that’s flown under the radar: fixed rate lending.
If we want to truly disrupt the global financial system, a solid fixed-rate market is a must!
Yes, we most definitely have plans to launch there! It's a perfect opportunity for us to come in & change the game for fixed rates on @arbitrum.
A lot of our partners and other fixed rate protocols have launched over there recently as well! 💙🧡
As Illuminate’s launch partner, we're excited to see the fixed-yield space take its next step!
At Pendle, we're even more excited to see the boosted APYs that wider growth and volume can bring to our LPs 🔥
Check out our post highlighting some announcements from the Swivel team: We discuss our new USDC governance decision, the Swivel Ambassador Program, and our newest market launch for staked ETH!
https://t.co/mCUldMlBkH
In the final act of @eulerfinance's liquidation mechanism hack, the hacker returns nearly all remaining funds.
Only $30m in DAI remain between:
https://t.co/fbmuk8Ccch
https://t.co/Ir8pYdnPRn
Newest communication from the @eulerfinance hacker.
> We still want to do the right thing returning funds to the Euler team. Will communicate shortly.
https://t.co/Sb698vhDAy
I’m posting a shit ton today after getting melancholy during travels, guess I’ll make an official announcement too.
I’ve been working with @SwivelFinance in stealth for a year and a half to ready @IlluminateFi - this + @AnataNFT is basically my whole life. Plz follow Illuminate