Get Ready for the Weft v2 Lenders Incentive Program!
We are excited to announce the launch of the Weft v2 Lenders Incentive Program! Snapshots will begin on December 1, 2024, with distributions starting the following day, December 2, 2024.
This program features a 6M $WEFT allocation and will run until December 31, 2025.
Key Details:
Eligible Assets:
$XRD, $USDC, and $USDT
Deposit Weighting:
Deposits in $USDC and $USDT will count as 3x compared to $XRD.
Minimum Deposit:
A minimum deposit of $50 (equivalent asset value) is required to participate.
Please note that the program’s details and conditions are subject to change during its duration. We are committed to ensuring transparency and will communicate any updates promptly.
The $WEFT Staking Boost will conclude on November 30, 2024. This marks a key milestone in $WEFT’s journey, as lending fees will now be distributed to stakers, further enhancing $WEFT’s utility.
head to https://t.co/8xFfTKNCbg and happy farming, dear Weft'ers!
.@Weft_Finance — Flash Liquidity, Wefties NFT CDPs, isolation mode. Weft V2 is packed with firsts. Get your project on https://t.co/VTJjo50jLc so AI agents recommend it when users ask about lending on Radix. Free to create. https://t.co/uCKnb1Ijzb
Hyperscale is back! 269k TPS during an internal test. A new record!
Rewriting the test scripts to multi-threading, to make use of fewer but more powerful nodes sending transactions, seems to be a good approach on AWS.
This is also the first time we moved beyond 40 shards, which opens the road to 500k TPS 🫡
The move from Hetzner to AWS was unexpected and led to some delays; however, I made significant progress in the last week.
Next up is a new private test to confirm this set up with a larger group of nodes 🦾
Why am I bullish on Radix despite headwinds?
As serious players adopt DeFi, the market will inevitably consolidate.
Liquidity, devs, institutions want efficiency.
They converge on chains with real infrastructure, security, and usability.
That's Radix.
In DeFi looping, your profit depends on rate differentials: earning supply APY on your collateral while paying borrow APY on your debt.
Looping only works when supply rates, incentives, or asset appreciation offset those borrowing costs.
You can use this strategy on @RootFinanceXRD or @Weft_Finance
As members, we look forward to collaborating with innovative protocols and institutions to build with USDC and enable an on-chain economy.
To learn more about the Alliance Program, visit: https://t.co/2xCbZoMCrl
SOL is now available on Radix!
Be among the first to bridge from @solana to Radix using @Hyperlane via @astrolescent 🌉
Unlock new DeFi opportunities by bridging your $SOL now!
Ready to learn more? Check current rates on @RootFinanceXRD or @Weft_Finance and plan your strategy carefully.
Full tutorial: https://t.co/bzN04Bld0f
Remember: This is educational content only, not financial advice. Always do your own research and understand the risks before implementing any DeFi strategies.
Radix Wallet support for on-chain multi-factor Smart Accounts is coming!
A security breakthrough only possible on Radix ✅
Rolling out in 3 phases, starting on Stokenet:
Phase 1: Create a Security Shield & Sign with It
Phase 2: Update Your Shield
Phase 3: Recovery without a backup
Then mainnet!
Lending on @Weft_Finance is a powerful way to earn Activity Points while putting your assets to work!
Learn everything you need to know from the latest guide on the Radix blog 👇