Having reexamined the upcoming innovations in the CDP category by crvUSD and Liquity, we have made the decision to discontinue Lucid in its current state.
The team has determined that it would be morally wrong to raise funds for an architecture that we cannot fully commit to in the long term, even though the protocol is fully prepared for launch with audit completed.
We extend our best wishes to everyone for their future endeavors in this invaluable DeFi ecosystem, and we aspire to work towards creating something genuinely impactful in the times ahead.
PS - DM us if you are at ETHCC and would like to discuss possible innovations for LSDfi stablecoins!
so defi is dead, we are a memecoin on Solana now
launchin 24 hours
ticker: $DEFI
Send SOL to: 48ZXLUkLq4iKMFSVJYbaiiNfzqVHwHZmczVS1hc1JNvr
minimum .1 sol maximum: none
50% LP 45% airdrop 5% team
*Like + RT + drop sol addy in the replies for a separate bonus airdrop
Gm Dreamers! ๐ Happy Sunday, and hope you touched some grass today โ๏ธ
A quick recap of the week Lucid had:
โ Our Discord grew to 1000+ members, and we celebrated that with ๐งฟ OG roles for our earliest 150 members
โ Successful WL event with over 500+ addresses whitelisted for our Sale
โ Rapid growth: We hit 3000+ followers on Twitter
โ Our Prelim audit results are in, and it's looking good!
The next week will be action packed for all Dreamers - we can't wait to share more with you. Stay tuned ๐ถ
๐ข Lucid Public Sale Announcement
Itโs out! We are excited to share details of Lucidโs upcoming IDO with all Dreamers ๐ฅณ
๐ Complete Details: https://t.co/yJ12sSnZUq
Hereโs a summary of everything you need to know:
๐ Start Date: UTC 00:00, 9th July 2023
๐ End Date: UTC 23:59, 9th July 2023
โ๏ธ Mechanism: FCFS
๐ Token Allocation: 4,000,000 LUCID
๐ Price of 1 LUCID: 0.00005E
๐ Hard Cap: 200E
๐ Soft Cap: 100E
๐ Wallet Limit: 5E during Phase 1
What about the WL and its benefits? How will the funds be used? When is Lucid launching?
We answer it all in the Mirror article, so go check it out right now! ๐๏ธ
๐ข WL Deadline Approaching โ
Our Dreamer WL campaign ends in 12 hours at July 8 2023 UTC 00:00!
Not sure where to start? Make sure to join our Discord to learn more!
๐ Join: https://t.co/wUcPNkW6x8
Got @pendle_fi PT assets waiting for maturity? Stake them on Lucid to unlock your value in $DUSD ๐ ๐ธ
๐ At launch you can use $stETH and $frxETH PT receipts on @ethereum as collateral for minting stable coin $DUSD
Kudos @pendle_fi team for chad dev docs ๐ฏ
Lucid soon? ๐๏ธ
@play4fun2022 @elonmusk DUSD is stabilized using multiple mechanisms with redemption being the primary one. Also users do not get to keep all LST earnings. You can find more info about stability mechanisms and fees in our docs :)
Dreamoors, you must have heard about โLeveraged Yield Farmingโ ๐ง
But what is it? How does it work? How to multiply your yield using Lucid?
(Weโll keep it short thanks to @elonmusk)
Learn it here ๐งต
MEGA THREAD!! ๐ ๐
Shoutout to the incredible @RealDegenGMX for unleashing an absolute beast of a research effort and delivering it with mind-blowing simplicity! ๐ฅ๐ฅ
Don't get left behind! LSDfi's explosive growth means you can't afford to miss out on the next huge thing.
A comparative analysis of LSDfi space - $LUCID, $LBR, $R
Introducing @lucid_fi โ the game-changer in LSDfi with its innovative approach, alpha at the end ๐
A๐งต
Sounds like magic ๐ช. Whatโs the catch? ๐คจ
โ ๏ธ Higher returns means higher risk. With leverage, increased exposure comes with a liquidation risk.
It is crucial to be mindful of the position of borrowings, and avoid liquidation of deposited collateral.