๐จ Protocol's Update #5:
Following a successful Mainnet launch, where we achieved a TVL of over $110M across Liquid Staking and the Lending Protocol, our team has returned to the drawing board. We are thrilled to present you with exciting updates about our upcoming milestones: ๐ฅ
โช๏ธ The $HTM Booster
โช๏ธ The $HTM Accumulator
โช๏ธ $USH, #MultiversX 's First Native Stablecoin
Approximately four weeks from now, two novel features related to the $HTM token will be revealed on the Devnet:
โด๏ธ $HTM Booster: Additional incentives in $USDC will be distributed across various money markets within our lending protocol. To take advantage of these incentives, users must stake $HTM tokens.
For users to reap the full $HTM Boosted APYs, they will need to stake $HTM tokens equivalent to 5% of the amount they have supplied in the lending protocol and added as collateral.
To illustrate the $HTM Booster's mechanism, consider these examples: User A has $100K in the lending protocol, with an Additional Rewards APY of 7% and the $HTM Boosted APY being 6%.
To earn the full 13% APY, User A needs to supply $5K worth of $HTM tokens, which is equivalent to 5% of their position.
If User A only stakes $2.5K worth of $HTM tokens, they will earn only half of the $HTM Boosted APY, which equates to 3%. Consequently, their total APY will be 10% (7% Additional Rewards APY + 3% $HTM Boosted APY).
Users can withdraw their staked $HTM tokens at any time, subject to a two-day cooldown period. This feature provides tremendous utility to the $HTM token by leveraging the lending protocol and future protocols, along with the incentivization program, thereby creating sustainable demand for the $HTM token.
Similarly to the launch of the Lending Protocol and Liquid Staking, we will have a countdown prior to the Mainnet release. The $HTM Boosted APYs will be extremely high and will begin to decrease as more people engage and stake $HTM on the $HTM Booster until it reaches an optimal equilibrium.
โด๏ธThe $HTM Accumulator: An innovative feature will be introduced to the Rewards pop-up โ a button allowing users to choose to claim their rewards either in $USDC or $HTM tokens.
If a user opts to receive their rewards in $HTM tokens, they will earn an extra 2% on the total amount of their accrued rewards. The reward values in $USDC will be converted into $HTM before being distributed to users.
For instance, if you have accumulated $1,000 in rewards within the lending protocol, you will have the option to claim either $1,000 in $USDC or $1,020 in $HTM. This feature will increase the buying pressure on the $HTM token through a delta-neutral strategy while offering more rewards to users.
In addition to the features already mentioned, our team has resumed development work on $USH. We're thrilled to share that the $USH launch will come with a suite of sub-products, designed to facilitate its adoption and growth.
$USH has been developed to tackle the stablecoin liquidity issue within the #MultiversX blockchain. Consider Ethereum, where there's a $67B market cap of stablecoins compared to a $225B market cap for its native token, $ETH. The situation in #MultiversX is markedly different, with a $19.39M stablecoin market cap compared to an approximately $831M market cap for $EGLD.
$USH aims to rectify this liquidity issue, given that it's simpler to mint $USH than to buy stablecoins. It will enable you to mint a stablecoin while keeping your exposure to $EGLD or the asset used as collateral:
โด๏ธ $USH will be minted through the lending protocol. โด๏ธ $USH will be minted via an isolated pool without any minting fee.
โด๏ธAn innovative $USH Staking Protocol that is based on a sustainable incentivization structure, that will increase its utility, thus its adoption.
โด๏ธThe introduction of $USH Boosted vaults will enable users to create LPs using $USH and boost their earnings, and create deep liquidity for $USH.
โด๏ธA $USH PSM Module will be introduced at a later stage.
Every module outlined above will undergo a rigorous auditing process before it is launched on the Mainnet. ๐
We are eagerly looking forward to the months ahead and can't wait for you to test our latest features! โก๏ธ
It talks about @QoWattEcosystem and its CEO @HugoManteau, but also about @elonmusk and Tesla.
Thank you TeslaMag! To be read, reread and measuredโฆ
https://t.co/51YrDGKNkU
Would you like to read a new analysis tomorrow through an new ยซย EV Zoomย ยป?๐โก๏ธ
You voted for Germany ๐ฉ๐ช in second place... & this country, European leader in the automotive market, deserves our full attention ๐
See you tomorrowโก๏ธ
1/ @MultiversX is a top 10 crypto the ๐ is sleeping on
Give me 5 minutes of your time & Iโll tell you why ๐ค
In short, #MultiversX is an incredibly secure, scalable, & decentralized Layer 1 โ๏ธ
More so than #ETH#SOL#DOT $ADA $AVAX
Now just hear me outโฆ
#HyperGrowthX#EGLD
Is this Time for a #MultiversX raid ? ๐
Go to this link :
https://t.co/p2SSHKHLaa
Comment "$EGLD and MultiversX", and with your personal opinion on all the avatanges of our Blockchain, also add the link of the https://t.co/IrFtOKrTBK roadmap to share directly the best source to understand our potential and future evolution !
A youtube channel with 280k subscribers to put the spotlight on MvX ? Worth !
Even if calling MvX an ETH killer is a mistake in my opinion, it remains a competing infrastructure in terms of design, but an ally in terms of adoption !
๐๐ฒ๐ ๐ฟ๐ฒ๐ฎ๐ฑ๐ ๐ณ๐ผ๐ฟ ๐ฎ๐ป ๐ฒ๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ณ๐๐ถ๐ป๐ด ๐ด๐ถ๐๐ฒ๐ฎ๐๐ฎ๐! โก๏ธ๐
In collaboration with Itheum, we'll be giving away 5๏ธโฃ ๐ฟ๐๐ฉ๐ ๐๐ง๐๐๐ก๐๐ก๐๐ฏ๐๐ง ๐๐๐s + 5๏ธโฃ ๐ฝ๐ง๐ค๐ฃ๐ฏ๐ ๐๐ค๐๐๐ฉ๐ฉ๐พ๐๐ง ๐๐๐๐จ to ๐๐ผ lucky winners.
๐ From July 20th to the 21st (24h only)
How to participate:
๐ฒ Follow @itheum & @QoWattEcosystem and #RT this tweet!
Last but not least, tomorrow (Friday) marks the beginning of the 150,000 $ITHEUM airdrop campaign to discover the power of #DataNFTs on @MultiversX.
The real danger of social media.
Deutsche Telekom has released a hard-hitting social experiment that highlights the dark side of sharing images on social media.
What's your thoughts on this?
One more week left until @HatomProtocol will launch its modules.
What TVL ( total value locked ) do you predict at launch?
I predict $56.000.000 in liquid staking + lending.
@pulsarmoney send 500000 MEX to first 100 retweets.
Give it a try ๐
@beniaminmincu@blok_project Would be more than necessary to have that partial ownership registered in official authorities ...or authorities should accept the in blockchain written owners! โ๏ธ
#MultiversX Community,
This is HUGE!
@elonmusk just announced the collaboration between Twitter & @MultiversX
To celebrate:
@pulsarmoney send 0.1 EGLD to 1000 reactions
Let's see the POWER OF MULTIVERSX COMMUNITY, say hello to @elonmusk@BitcoinCouteau's dream came true
I inserted my hard cucumber into the GLORY HOLE and it's producing a lot of $CUMB. I really enjoy it, and I think I'll keep doing it for a long time.
https://t.co/2MGuZZBmTn
@pulsarmoney send 100000 HYPE to 100 retweets
@freshcucumberx
@Yannicbuelow@ElrondDucks@HiRezTheRapper How would it become no rug only because of SecID? What am I missing? HiRez is not anonymous and still rugged some people! ๐ค๐คทโโ๏ธ