Hedge Labs (🏝,🏝)

Never sell your S◎L. 0% interest loans on Solana Discord: Medium:

[Hedge Labs (🏝,🏝) @HedgeLabs]

Support for custom RPCs has been added to allow people use their own connections to manage their positions.

Fixes to cUSDT and cUSDC vaults will be coming soon too.

[Nova Protocol | Eclipse's Native Stablecoin @NovaOnEclipse]

Neptune Protocol Mainnet is LIVE on @eclipseFND

$USDN, the native stablecoin of Eclipse, is here 🥳

Start using Neptune and grow Eclipse grass and earn native $NPT yield today 👉
https://t.co/z5vht3qnSi

[Step☀️ @StepFinance_]

New episode of @The_NextBillion with @HedgeLabs out now!!

[Solana Crossroads ✨ ISTANBUL @SolanaCrossroad]

Pleased to share that starting today, we'll begin to announce the speakers for Solana Crossroads over the coming weeks!

Very excited to start with @hqz_sol of @HedgeLabs and @NazareFinance!

Look forward to seeing you there!

Get your tickets in USDC at https://t.co/QSomCiIyut!

[Step☀️ @StepFinance_]

- Add support for Hedge

Hedge fam is good fam, you can now track your Hedge positions in Step!

[Hedge Labs (🏝,🏝) @HedgeLabs]

6️⃣ Hedge Labs did not any treasury funds on FTX. A small amount of funds deposited in FTX US was successfully withdrawn in time.

Hedge Labs did not have any further associations with FTX or Alameda.

[Hedge Labs (🏝,🏝) @HedgeLabs]

As you all aware the last week has been intense, here is a summary of what steps the team has taken to mitigate risk and exposure for Hedge. 🧵

1️⃣ $USH has remained overcollateralized and maintained peg through last weeks extreme market movements.

[Hedge Labs (🏝,🏝) @HedgeLabs]

5️⃣ While in constant contact with @solendprotocol regarding potential bad debt on cUSDC and cUSDT, debt limits have been decreased accordingly to reduce exposure.

Given Solend's bad debt will likely be covered, no further limitations have been taken.
https://t.co/kbNzaIHhvG

[Save (formerly Solend) @save_finance]

The whale account has been fully liquidated, stabilizing the situation on Solend.

There is ~$6.5M of bad debt in the Main Pool, and ~$22M USDC in the treasury. A DAO vote will follow soon.

[Hedgestatus @hedgestatus]

🚨Parameter Alert🚨

- cUSDC Vault interest rate:
1% ➡️ 0.5%

- cUSDT Vault interest rate:
1% ➡️ 0.5%

[Hao 🦔 🏝 @hqz_sol]

Hats off to the team for managing to contain the situation to this extent!

Thanks for all the hard work and tireless efforts keeping comms up @0xSoju and @solendprotocol team 🫡🫡🫡

[Hedgestatus @hedgestatus]

Borrows on all vaults are temporarily disabled.

We will be monitoring and evaluating the highly dynamic situation before enabling all borrows again.

[Hedgestatus @hedgestatus]

Deposits and borrows on wBTC vault have been disabled until future notice.

[Hedge Labs (🏝,🏝) @HedgeLabs]

We are aware of current market movements, as well as Solana network congestions causing delays in oracle updates and RPC issues when using the Hedge dApp.

We are in contact with all relevant teams and will update accordingly

[Seb (🏝,🏝) @sebdotg]

@chrismccann @RaceCapital @DegenApeAcademy @solanaspaces @xNFT_Backpack @osec_io Lookout for the @HedgeLabs @switchboardxyz @NotifiNetwork kart racing past the @RaceCapital one!
🏎️💨

[Hao 🦔 🏝 @hqz_sol]

iykyk

[Hedge Labs (🏝,🏝) @HedgeLabs]

👀

[Bullet @Bulletxyz]

1/n

gm - we just shipped Perps to mainnet live from @SolanaConf ; making Zeta the world’s first orderbook DEX with Options, Dated Futures & Perps! 🚢

Trading is now live for $SOL, $BTC & $ETH

👉 https://t.co/pbRQVLlXE4

[Race Capital @RaceCapital]

0/ The second annual @solana Breakpoint starts this Friday!

Last year, Breakpoint was a great event for founders, builders and investors to connect. 

Here’s a thread of some of the main teams that will be there. Definitely reach out to them if you are in Lisbon!