๐ฅ BURN UPDATE ๐ฅ
Profitnet has officially burned 2.8 MILLION LP tokens for the $ELGSQ / $PNET pair. Security is the priority.
WE ARE LOCKED IN! ๐๐
Verify the vault here: https://t.co/hqm5ZmKNuM
#Profitnet#PNET#ELGSQ#DeFi#LockedIn
It is with great pleasure that I am announcing we will be putting 5 million PNET into the BLOB-PNET LP upon unlock of the 25M PNET in the vault.
This will happen in aprox 3 months so you have plenty of warning.
For every dollar you put into #XUSD $XUSD
You now have 0.02.
The same bad actors that pulled this off claim it was an accident. It wasn't.
All the top coins in the algorand network insider trade and talk with eachother on discord and X chats.
THATS ALL FOLKS!
35.00 ---> 1.28 since dec 2025
#FOLKS $FOLKS
The people that run the larger coins are quick to call new projects out while they dilute the hell out of you.
Follow for more algorand news
How many more shitcoins will you release with this v2?
Fool me once, shame on you
Fool me twice, shame on me
Fool me three times, your now an alogrand holder
CompX V2 is now live on Testnet.
This marks a new era for CompX focussed on security and sustainability. This current version v0.1 features two main DeFi primitives.
Lending - Our Orbital lending contracts have been re-worked. Deposits, borrowing, liquidations and buyouts remain the same but migrations, single points of admin failure have been removed.
No single admin account can access user funds, each contract has 3 admin wallets - for parameter updates, for withdrawing platform fees and for initialisation.
Permissionless Staking - What was going to be our platform, Delta, has been rolled into the main CompX app. Users can create staking pools for single or LP tokens, add rewards and set start and end dates.
We've kept things with the staking pools as simple as possible. Each pool has 2 admin wallets - one is the creator who can add/top up rewards and the second is for CompX to withdraw platform fees.
We've completely redone the UI and gone with a more serious and modern feel while having the same responsive UX as we had in Orbital.
The phases:
0.1: Staking and Lending
0.2: Repayment pools for users affected by the Orbital Lending exploit.
-- Push to Mainnet --
0.3: Governance V3
0.4: Payments and token streams - taking advantage of our upgraded Waypoint codebase.
-- Push to Mainnet --
0.5: clAMM - a new liquidity source for Algorand.
-- Push to Mainnet --
0.6: Stable.X - A massive upgrade from xUSD with price stabilisation via redemptions - USD.X, GBP.X and EURO.X
-- Push to Mainnet --
With the above plan we hope to regain trust, provide best in class DeFi on Algorand and make our users whole.
CompX V2 on testnet now - link below ๐
Well positioned for the next bull run.
While you keep buying tokens that "accidently" send billions to the "wrong" wallets, we keep working.
Not to mention soon we will have advertisement income:
https://t.co/GPlVJPTAnO
$PNET #PNET