Sahara Ecosystem 🔆

Your AI workforce across every app, every task, every day. Core infrastructure powering the global agent ecosystem. Builder of
@HeySorinAI

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@SaharaAI 🚨 $SAHARA Update

Voting on the compensation proposal is officially underway.

Approval would unlock compensation and priority benefits for eligible holders.

Details below ↓

https://t.co/XSKGYRk62R

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@SaharaAI 🚨 $SAHARA Update

Voting on the compensation proposal is officially underway.

Approval would unlock compensation and priority benefits for eligible holders.

Details below ↓

https://t.co/XSKGYRk62R

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@SaharaAI 🚨 $SAHARA News: The compensation proposal is now open for voting. Eligible participants may unlock compensation and early access benefits if approved. Details ↓

https://t.co/XSKGYRk62R

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@SaharaAI 🚨 $SAHARA News: The compensation proposal is now open for voting. Eligible participants may unlock compensation and early access benefits if approved. Details ↓

https://t.co/XSKGYRk62R

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@SaharaAI 🚨 $SAHARA Update: Holders can now vote on the proposed compensation framework. Approval would grant eligible users compensation and priority access. Read more ↓

https://t.co/XSKGYRk62R

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@SaharaAI 🚨 $SAHARA Update: Holders can now vote on the proposed compensation framework. Approval would grant eligible users compensation and priority access. Read more ↓

https://t.co/XSKGYRk62R

[Sahara AI 🔆 @SaharaAI]

Update: Team and investor wallet allocations are fully untouched on-chain. No team or investor tokens have been sold or moved.

The transfers being cited as the cause of today's price movement were a pre-scheduled fill of our Chainlink CCIP bridge contract to provide liquidity for our recently launched cross-chain bridge. This is unrelated to the market movement. The 600M $SAHARA transfer was planned and the bridge is operating as designed. There is an additional 150M pending to be added for additional liquidity.

We are still investigating the market movement and will share more when we have information we can confirm.

Verify the CCIP transfers on-chain: https://t.co/HXpdFtCHMy

[Sahara AI 🔆 @SaharaAI]

We are aware of the unusual $SAHARA market volatility that just occurred and are actively monitoring the situation in real time.

There are no security issues on our token contracts or products. Our team has initiated an internal investigation to better understand the drivers behind the fluctuation.

We will provide further updates soon.

[Sahara AI 🔆 @SaharaAI]

The issue isn't that a datacenter and a rancher are drawing from the same well. It's that about 80% of datacenter cooling water evaporates and leaves the regional water cycle entirely.

Water law wasn't written for that kind of permanent removal at scale. Nobody's decided if that even counts as "use" under existing doctrine.
https://t.co/Gmgv3JjZl3

[Sahara AI 🔆 @SaharaAI]

Check out what our Head of Growth and Marketing was able to do with @HeySorinAI

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@apyx_fi 2/ $apyxUSD holders, voting closes today. The REPEG & compensation proposal is in its final hours. If you haven't voted yet, now's the time. Vote ↓

https://t.co/0BeaMMUiff

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@apyx_fi 2/ $apyxUSD holders, voting closes today. The REPEG & compensation proposal is in its final hours. If you haven't voted yet, now's the time. Vote ↓

https://t.co/0BeaMMUiff

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@apyx_fi $apyxUSD holders, voting ends today.

REPEG & compensation proposal is in its last hours. Still haven't cast a vote? Go now.

Vote:

https://t.co/0BeaMMUiff

[Sahara Ecosystem 🔆 @SaharaEcosystem]

@apyx_fi $apyxUSD holders, voting ends today.

REPEG & compensation proposal is in its last hours. Still haven't cast a vote? Go now.

Vote:

https://t.co/0BeaMMUiff

[Apyx @apyx_fi]

Volatility is vitality.

[Apyx @apyx_fi]

Going LIVE in 15 minutes! 🎙️

Set a reminder and get ready to join. 👇

[Apyx @apyx_fi]

https://t.co/3wj2Hzrs7V

[Apyx @apyx_fi]

Our @AccountableData dashboard has been updated!

Users can now get an even deeper look into Apyx reserves, including a more detailed breakdown of collateral and protocol backing.

We also fixed yesterday's NAV display issue.

More updates coming soon 👇
https://t.co/F6eB6uvMlz

[Apyx @apyx_fi]

We're going LIVE tomorrow (June 8) at 7:30 PM EST for Apyx Office Hours #14.

We'll dive into the latest protocol updates, a recap of what went down last week, where we see the market headed, & more. 🚀

Set a reminder & drop the tough questions.👇
https://t.co/48QtBX6SNJ

[Apyx @apyx_fi]

🚨 Protocol Update: Weekend Liquidity Is Live

One of the biggest issues this week was the overnight and weekend liquidity gap. When U.S. equity markets close, the protocol can't sell STRC to match redemptions.

Example: On Tuesday night STRC closed around $96 and apxUSD continued trading on Curve through the overnight session. Without the ability to sell STRC and deploy the proceeds into the pool, apxUSD traded down to $0.90, well below where the NAV actually was. If equity markets had been open, we could have sold STRC proportionally, converted to USDC, and added liquidity to absorb the selling pressure. That gap between crypto's 24/7 market and TradFi's 8-hour trading day was the single biggest driver of the wicks this week, and we've now implemented a solution.

We've deployed a hedging system that allows us to manage the protocol's STRC exposure even when equity markets are closed. This means we can now quote and process redemptions over weekends and overnight, which should significantly reduce the after-hours wicks we saw earlier this week.

Limit orders are live on Kyber and CoW right now, and we'll continue to reload them throughout the weekend as they get filled. Spreads will tighten further on Monday once equity markets reopen.

This is a v1 of the system and we'll continue to refine it over the coming weeks, but the core problem of weekend/overnight liquidity gaps is now being actively addressed.

This is the first of several changes coming following this week's market volatility. The thesis hasn't changed and neither has our commitment to bringing digital credit yield onchain.