Introducing $USG β the next evolution of CDP stablecoins.
Backed by @CurveFinance LP tokens and @pendle_fi PTs, $USG is set to push DeFi further.
A new frontier awaits.
Details below.
As Tangent generates revenue, a portion flows directly to $sUSG, which is currently yielding 20.10% APY.
These returns are 100% endogenous, driven by real economic activity and not external incentives.
Link below π
A new pool is live on Curve, featuring $USG and $sDOLA from @InverseFinance!
Until the pool receives $CRV emissions, LPs will earn 315 pts/day per $1. Itβs currently the highest rate in the entire Points Program.
Pool link below π
Out of 12 markets, 11 reached capacity less than 5 days post-launch.
The borrowing activity demonstrated strong demand, as 2.42M $USG were minted against $2.89M worth of collateral.
Stay tuned for the next cap raises.
Real-time threat monitoring and automated on-chain response π‘οΈ
Tangent has integrated with @HypernativeLabs, combining real-time threat detection with automated on-chain actions.
A pause was triggered last night, details below π (TL;DR: No risk for Tangent users or funds)
5/6 - Fine-tuning & unpausing
Markets were unpaused earlier today after we confirmed the alert wasnβt related to the pools used as collateral within Tangent.
We are working with Hypernativeβs team to fine-tune our setup to avoid such inconvenience in the near future.
Today, @Tangent_fi is now live on Octav.
Track every USG borrow, sUSG yield position, and productive collateral across Curve, Convex, Pendle, Stake DAO, Frax, and Aladdin, in one clean portfolio view.
Don't trust. Verify.
https://t.co/B8nJpYpSUk
Aligned incentives create powerful partnerships.
We are proud to count @fraxfinance among our partners, as $frxUSD establishes itself as a key piece of infrastructure across DeFi.
frxUSD PegKeeper pools on @CurveFinance just hit $1 billion in trading volume π₯³
frxUSD is the superior PegKeeper, offering DeFi more sustainable liquidity with yield-forwarding.
Read more in our article below, and follow along on our dashboard: https://t.co/n73QfLB94M