Late announcement on @Poolside_Party on @arbitrum — despite receiving Arbitrum LTIP grant and locking down several higher profile partner protocols, we decided not to force the launch of Poolside v2 this summer
Primary reason was auditor delays. The firm started in April before delaying. Told us in June they would not finish the audit. Would avoid (DM if interested). Eventually got a new audit completed at EOM July
Partners remained supportive despite effect on momentum and goals. Relationships we developed at personal level helped. Will look to work with them again in future
Recently we have been refocusing our limited internal resources on something new, will share more in the coming weeks. We still believe in Poolside’s core value prop for yield tokens and infra and are evaluating opportunities to bring v2 to market
It's clear how Poolside benefits LPs of LSTs and LRTs.
We tackled the permanent loss of staking rewards with our reservoir system. We made it easy to earn rewards with on-chain Party Points and incentives!
Poolside is the most comprehensive AMM for the future of DeFi!
💡 On LSTfi, LRTfi, and scaling DeFi with yield-bearing assets:
An observation that Poolside makes is the importance of AMMs to greater DeFi. AMMs facilitate permissionless trading and are integral for truly permissionless markets.
Issuers of yield-bearing tokens like LST protocols rely on liquidity inside AMMs to facilitate financial activity. Without the liquidity inside AMMs, it would be difficult for auctions, liquidations, and flash loans to occur.
Without these things, issuers of yield-bearing tokens won’t be able to see their assets used in DeFi as collateral for lending or stablecoins.
The current problem is that most AMMs aren't designed for yield-bearing tokens. That is why you see so many wrapped versions of LSTs. Poolside is built to handle these assets, protect yield that belongs to LPs, and ultimately scale DeFi.
It's good to be early to this pool party 😎
Our tell-all AMA around how to earn $300,000 in $ARB in our current #ARBRestakingRush campaign begins in 60 minutes! Set a reminder so you don't miss out on free money.
https://t.co/2TEimUfaGz
🚀 Unlock $300,000 rewards on Arbitrum Restaking with Bedrock. How though?
📆 Mark your calendars and tune in on Wednesday at 6AM UTC, as partners and experts from @RamsesExchange, @Poolside_Party & @CelerNetwork share their strategies to earning rewards on @arbitrum 💰
$rsETH <> $ETH pools are coming soon to @Balancer & @Poolside_Party, with ~2x Kelp Miles, $ARB emissions and more!
That's not all! Get 30 $ARB for every $rsETH you natively restake and/or bridge over to Arbitrum.
🌱 Restake now!
https://t.co/RthcGUAFSr
5/ This has been made possible thanks to the Arbitrum LTIPP proposal to support our shared community. Get ready for exciting opportunities as we bring new benefits and integrations to you!
Expect announcements from us and @RamsesExchange@CamelotDEX@Poolside_Party to find out more about how you can unlock milestones and receive exciting rewards.
⚠️ @ButtonDefi Twitter account has been compromised. Please do not interact with any of the recent posts! We are working on gaining control of the account back.
There is no Poolside airdrop. Funds are safe. This is just an issue with one Twitter account.