Two pool migrations completed successfully yesterday.
Migrated pools are scheduled to be online today or no later than this weekend.
Just keep surfing…
Thanks to everyone for the support 🔥
If you’re an active lender or borrower, please drop feedback for what you’d like to see in V2 to take your experience to next level 🏄♂️
For us the main thing is dynamic interest rates, which should lead to higher supply rates for stables
Please let us know & we’ll take a look 🫡
Working on a new integration with one of Cardano’s most used dapps 🔥
Looks like people are liking our levergage tool… 🤐
More details in about 2 weeks 🏄♂️
October so far… 📸👇
▫️ Launched one click leverage for major token pairs & USDA/USDM
▫️ Protocol became 3rd largest SNEK holder globally
▫️ Surpassed 15M ADA TVL
▫️ Pulse announced integration of Surf assets
▫️ Loan calculator went live
▫️ Institutional pilot liquidity
▫️ Interview with Learn Cardano (now live)
▫️ Demo from Pete from Learn Cardano Learn (now live)
▫️ Demo from Phil (now live)
▫️ Pushed update with 5x faster speed
▫️ Stayed 100% online during market crash
▫️ Finished up 2nd audit
▫️ Started working on repay with collateral
▫️ CEO rode a horse on the beach
Thanks to everyone for the support. The goal is to be the #1 dapp on Cardano or bust. It will be hard, but not impossible.
Good things happen when you ride the waves 🏄♂️
Don’t look now but we’re now just an 8x from becoming the top TVL dapp across all of Cardano
Quick thesis on how this can happen sooner rather than later👇
The road to #1 will be paved by large ADA deposits from lenders…
There’s about 40M in USD stables on Cardano
There’s over 40B ADA…billion
We’ve been able to establish ourselves as the platform of choice for ADA, highlighted by strong ADA returns of over 7%, more than 300% compared to normal staking rewards
This turns into big money for whales: 5M ADA goes from paying out 125k ADA per year to suddenly almost 400k ada per year, not including additional potential platform fees from liquidations
And it’s all being built with institutional level security, including open source contracts+ 2 audits + bug bounty coming soon
Thanks to everyone for the support and let’s keep surfing 🏄♂️
Interview with @surfcardano Lending is making DeFi simple on Cardano 🌊
✊ https://t.co/OtH92Ih2bM
Borrow ADA against your native assets, earn higher yields, and even open leveraged positions with one click.
Learn more in our latest interview with @phillerino from Surf.
Remember, when you leverage 10k $surf and get 5k extra $surf. The 5k extra surf is not your debt.
The 1820 $ada you borrowed is your debt.
The interest is on that, not the 5k surf. So 8% on 1820 ada.
So 142 ada a year to acquire 5k extra $surf.
24hrs ago started using $surf at 1.5x leverage.
Already in 400 $ada profit.
You can do the same $iag $strike and $snek.
You can also long $ada with $usda
Want to earn more from your digital assets?
Why not try @surfcardano, where you can supply and borrow various assets to earn extra APY.
https://t.co/HApVxCWMB0
One day remaining to vote for Surf for a Cardano Summit Award. We've been nominated in 2 categories: Impactful Native Asset and Lending Protocol.
Link: https://t.co/EL4MsE18EH
Currently, 10k $surf gives you 5k extra $surf at a healthy leverage. That's 15k $surf now.
At 0.40, you can repay your leverage and get 8k surf. That's 18k $surf then.
At 0.50 it's maybe 30k surf
Every time it goes up, you can get more at the same health.
This is how $snek did it, $surf supply will dry out very quickly.
If you use 10000k $surf in a 1.5x leverage.
You'll have 15k surf now earning staking rewards. With the rewards paying off the interest etc.
And very soon you'll be able to pay your loan/leverage with collateral. It's already added. Pic below
$ada