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[Sphere Finance (🔮,💜) @SphereDeFi]

🤔Is there a hidden connection between token price and APR?
The answer lies under the hood of Sphere’s ecosystem.

Why has expansion been our main goal?

What if the key to increasing the value of your tokens was hiding in plain sight? 👀

Let’s dig deeper ⬇️

Our ecosystem expansion has one primary goal: increasing profitability.

As the ecosystem grows, more yield becomes available for $ylSPHERE holders, distributed at a variable APR, or vAPR.

But how is this connected to the price of $SPHERE?

Here’s the secret.

When the vAPR rises due to higher yield, more users lock in, driving $SPHERE's price up.

Conversely, if the vAPR falls below a certain threshold, fewer users will participate, lowering $SPHERE's price.

But this also drives the vAPR back up, as fewer of us claim the yield.

This constant push and pull between vAPR and market price creates a dynamic equilibrium where both yield and token price balance each other ✅

With each new ecosystem development, we adjust the acceptable range of vAPR, ensuring profitability for all participants.

The end result?

A more stable and potentially higher market price for $SPHERE, in a mechanism where yield drives value 🦾

Understanding this relationship is crucial for any yield-based ecosystem, especially Sphere.

But this is just the tip of the iceberg.

There's a lot more going on within the ecosystem, and more is on the way soon.

Ready to explore more? 👀

Join our Discord to stay updated on upcoming announcements, and don’t miss out on the latest ecosystem developments.

https://t.co/sEWgChp9gZ

[Sphere Finance (🔮,💜) @SphereDeFi]

We submitted our application to relist $SPHERE on CoinMarketCap.

Our ticket number:1001428

[Sphere Finance (🔮,💜) @SphereDeFi]

The Sphere ecosystem offers a wide range of DeFi solutions for Sphereans 🦾

But with so much going on in DeFi, it's crucial you get your solutions right!

@PreonFinance offers many LPs users can deposit into, and @dyson_money offers lots of vaults.

What's the difference?

🎥 Find out here: https://t.co/UafMEl8cfb

[Sphere Finance (🔮,💜) @SphereDeFi]

Vaults vs. Liquidity Pools: Which holds the key to maximizing your yield?

To DeFi users, knowing where to place your assets can make all the difference.

So, are you better off with a liquidity pool or an autocompounding vault?

(The answer could redefine your strategy 👀)

DeFi offers a wealth of financial opportunities.

And two of the foundational options are:

1⃣ Liquidity pools
2⃣ Autocompounding vaults

Each has unique advantages, but understanding the differences is crucial for making the most of your assets.

🌊 Liquidity Pools

LPs are essential to decentralized exchanges and automated market makers.

By pooling two or more tokens, they provide the liquidity necessary for seamless token swaps.

In DeFi, anyone can participate as a liquidity provider, depositing tokens into the pool.

In return, LPs earn rewards from swap fees and possibly from additional emission incentives.

The rewards from liquidity pools are represented by an annual percentage rate, or APR, showing the yield you could expect without compounding.

APRs are straightforward but come with some limitations ⬇️

Since they don’t compound, the returns are often less compared to vaults, which maximize the yield through reinvestment.

🔐 Vaults

Vaults are a more advanced DeFi option.

They can be layered on top of liquidity pools or integrated with other strategies.

A @dyson_money vault, for example:

➡️ Takes assets deposited in a liquidity pool
➡️ Automates the process of collecting rewards & reinvesting them back into the pool

This process is called autocompounding.

It builds your position over time, as the rewards are constantly added back to the underlying assets, increasing your share in the pool.
Thanks to this compounding effect, vault returns are measured by annual percentage yield, or APY, which includes the effect of compounding.

This means vaults typically offer a higher yield than traditional liquidity pools.

Furthermore, vaults can be customized with various automated strategies beyond simple liquidity pooling, making them a flexible option in the DeFi space.

❓ Choosing Between LPs and Vaults

Deciding whether to use a liquidity pool or a vault depends on your goals.

LPs are straightforward, allowing you to access swap fees directly and use your yield for other strategies.

On the other hand, autocompounding vaults offer long-term growth potential, allowing your position to increase passively as rewards are continually reinvested.

If you’re focused on growing your initial investment, vaults are likely the better choice.

Sphere is continuously expanding Dyson's offerings to include new vaults that cater to a variety of strategies ⚡️

This ecosystem is designed to provide something for every DeFi enthusiast, whether you’re looking to earn consistent rewards or compound your way to greater returns.

🔮 Explore Sphere’s ecosystem: https://t.co/f8TkxZsZ3N

👾 Join our Discord community: https://t.co/d6KrwbQu95

[Sphere Finance (🔮,💜) @SphereDeFi]

At the center of @PreonFinance's dApp is the $STAR stablecoin.

But what is $STAR backed by? 🤔

Find out in our latest video by @PriceProtocol 🦾

🎥 https://t.co/hLhchOET43

[Preon Finance (🌟,👨‍🚀) @PreonFinance]

Fun fact: $STAR is overcollateralized by 2.025x right now.

Overcollateralized with what?

Tune in to find out! 🌟

[Sphere Finance (🔮,💜) @SphereDeFi]

A major part of our ecosystem is Preon's $STAR stablecoin.

Want to learn more about $STAR and its peg strength? 🤔

Learn more below 👇

[Preon Finance (🌟,👨‍🚀) @PreonFinance]

What’s Behind the Stability of $STAR?

Curious how Preon’s stablecoin, $STAR, maintains its value in a volatile market? 🤔

Spoiler: it’s more than just a stablecoin.

$STAR is fortified by a system designed to secure its peg & safeguard user assets.

Let's discover the burning core of $STAR 🌟

Stablecoins are a mainstay DeFi offering, and one of crypto's biggest use cases.

And $STAR, Preon’s stablecoin, plays a pivotal role in the Preon and @SphereDeFi ecosystems 💜

To maintain the stablecoin's defining principle, its stability, a reliable stablecoin peg is crucial.

But what makes $STAR so resilient? ⏬

The answer lies in:
1⃣ Its overcollateralization model
2⃣ A system built to protect user assets

Let's talk about the backbone of $STAR's peg stability: overcollateralization.

$STAR is overcollateralized to ensure stability and reliability.

Every $STAR minted is backed by at least 110% collateral locked in Preon’s Nebula Vaults.

This means that for each 1 $STAR issued, there’s at least $1.10 in collateral supporting it, ensuring that $STAR remains stable even under market instability.

In practice, $STAR is currently overcollateralized by over 220%, with more than $2.20 in collateral for each $STAR minted.

This additional collateral acts as a buffer, safeguarding $STAR’s peg and protecting against potential volatility 🦾

Now, let's get into how Preon adds another layer of peg strength through LTV ratios.

To keep $STAR stable, borrowers in the Preon ecosystem must manage their Loan-to-Value ratios.

A higher LTV ratio allows borrowers to leverage more assets, but it also brings higher risk.

If a loan’s LTV exceeds a safe limit, the position becomes susceptible to liquidation to protect the overall collateral backing $STAR.

The Nebula Vault also has an LTV threshold; if it surpasses this maximum, the system activates recovery mode.

This enables liquidation of positions above approximately 72% LTV.

These safeguards help maintain the security and peg stability of $STAR 🌟

This just leaves one final piece of the puzzle: additional support through the Peg Stability Module 👩‍🚀

In addition to collateral, $STAR can also be backed 1:1 by other decentralized stablecoins, like $LUSD.

This can be done via the PSM.

While this mechanism plays a minor role compared to the primary collateral backing, it serves as an added layer of stability to ensure that $STAR holds its peg under various conditions.

As you can see, $STAR was built with security in mind ✅

Safety is central to Preon’s approach.

On the Preon dashboard, users can view data on $STAR’s overcollateralization, including:

🌟 Total $STAR minted
🌟 Total collateral backing
🌟 PSM data

This openness lets users monitor the strength of their assets firsthand.

Want to explore the Preon dashboard yourself?

🔗 https://t.co/OUVNlg6m7y

Additionally, Preon prioritizes security through:

➡️ Peer reviews
➡️ Extensive testing
➡️ Thorough code audits

This all serves to minimize risks and build trust in the stability of $STAR 🦾

With its strong overcollateralization model, careful LTV management, and multiple layers of stability, $STAR exemplifies what a secure, resilient stablecoin can be in the DeFi space.

Preon is expanding in utility and offerings, with more collateral types on the way 👀

Want to stay ahead of the game? 🤔

Explore Preon and join our Discord to stay updated on upcoming collateral options and ecosystem developments!

🌟 Borrow $STAR: https://t.co/ccMzCC6XQk
👾 Join our Discord: https://t.co/y79aE7K8Bv

[Bitget Wallet 🩵 @BitgetWallet]

📣 Our latest #Task2Get is here!

⭐️ Dig deep into the @Blast_L2 ecosystem! Complete interactive tasks now for a chance to win from a prize pool of $200,000 + 4,000 Blast gold!

👥 Projects include: @0xDTX @monoswapio @ProtocolRing @BeCrowd_ @ThrusterFi @Owlto_Finance

✨ Here's how to join:
1️⃣ Download #BitgetWallet: https://t.co/IVeWE7MSLD
2️⃣ Access Task2Get
3️⃣ Complete tasks on #Blast mainnet

📆 Event: June 7, 18:00 - July 6, 18:00 (UTC+8)

[MonoSwap @monoswapio]

Gmeow chiefs 😼

We just airdropped MonoChests to 500 random liquidity providers.

Here is the claim link: https://t.co/YK3KVrMT8D

Can you guess who is eligible for the 2nd wave?

[MonoSwap @monoswapio]

💥 The Ultimate Trading Contest Has Arrived!

Start with just a $500 trading volume and share a prize pool of 100,000,000 Blast Points + 10,000 Blast Gold + 100,000 MUSD.

Join now and win juicy rewards: https://t.co/rwCNd0V0aZ

Everything about the contest in this thread 🧵

[Bitget Wallet 🩵 @BitgetWallet]

🚀 Congratulations @babylon_chain on releasing #Babylon Bitcoin Staking Testnet-4!

🎉 #BitgetWallet partners with #Babylon to launch our #Task2Get event on their testnet, providing a one-stop experience for faucet claiming and staking!

📝 How to enter:
1️⃣ Download Bitget Wallet: https://t.co/qK89ul0DDO
2️⃣ Access "Earning Center" -> select "Task2Get"
3️⃣ Join Task2Get activity: https://t.co/BiDDYNNy3u

📆 Commences: June 5, 17:00 (UTC+8)

[Babylon @babylonlabs_io]

To all our community members from South Korea 🇰🇷: our first ever meetup in the country is happening on June 12th! 🎉

Don’t miss out on engaging panel discussions about self-custodial Bitcoin staking and its impact on PoS chains, plus insights into the future of the Bitcoin ecosystem.

Agenda includes a keynote from David Tse (@dntse), our Co-founder and panel discussions with Josh Lee, Co-founder, @osmosiszone, Koko (@0xJeek), Founder, @HanaNetwork & many other project leaders.

Register now: https://t.co/hp1eKnRRjR

[Yescoin @Yescoin_Fam]

Yescoin is a global community from the first day

We envision a future:
Every voice is heard
Every culture is honored
Every one has crypto in their pocket💎

Connect the world
Lower the barriers
Bring the next billion to Web3

Yes, a multi-language Yescoin bot is coming.

Hello, World.
Hello, Yescoiner.
Hello, YesWorld!

#yescoin #yescoiner #yesworld

[Bitget @bitget]

#Memecoin + Giveaway = 💰💯

Vote for your favorite #memecoin and win a $500 giveaway!
$PEPE $DOGE $WIF $SHIB

10 winners will get $50 worth of the winning token each.

Make sure to follow us and RT to secure your chance to win!

[Sphere Finance (🔮,💜) @SphereDeFi]

The numbers are in, Sphereans 📣

Our Treasury Report for Q1 2024 is out, and it makes one thing clear.

We're just getting started 🔮

Let's get into the highlights and explore:

➡️ Our market review
➡️ Key takeaways and figures
➡️ Upcoming plans

Let's begin ⏬

Market Review

In Q1, the crypto market surged 📈

💲 Total market cap nearly doubled from the previous quarter to $2.9T, fueled by Bitcoin's strength, Ethereum upgrades which facilitated reduced fees on L2s, and increasing institutional adoption.

Key Performance Figures

🦾 Despite a Dyson concentrated liquidity exploit costing $148K (which we launched a full reimbursement campaign to affected users for), compared to the same period last year, Sphere's Q1 financial performance was stellar:

🔮 Revenue up 77%
🔮 Net income soared 312%
🔮 Expenses down 16%

How did we achieve these impressive results?

♟️ Through strategic investments in $ETH, $MATIC and diversifying our portfolio. Additionally, our proactive approach to creating new partnerships expanded our market reach.

But that's not all.

🔮 Q1 has set the stage for Sphere's next phase:

➡️ Preon V2 launch 🌟 Driving liquidity to $STAR with new tokenomics
➡️ SphereLend 🟣 Ecosystem-native zero-interest lending
➡️ Sphere tokenomic upgrade & V3 integration 💜
➡️ New Dyson vaults & collateral types ⚡

⚛️ We've strengthened our team's positioning with experts who bring a wealth of knowledge to our financial operations. With your support, we're pushing boundaries and bringing Sphere to new heights.

There's so much more in the pipeline that we can't announce just yet.

But one thing's for sure - this is merely the beginning for the Sphere ecosystem's rise 💜

And we're happy to have you along on the journey, Sphereans 🦾

Interested in reading the full report?

Check it out below ⏬

[wome euy @ari_wome]

@shibaarmstrong 0x54cff6B8DFB973Ba5c2a7946E2f8eCc1a358661B

[Bitget Wallet 🩵 @BitgetWallet]

Welcome to the 25th round of Bitget Wallet's Quiz Whiz!

The $BWB Points airdrop campaign has successfully concluded. Thank you all for your active participation!

Now, let's dive into our latest single-choice challenge! To enter, drop your correct answer along with your EVM address in the comments. Among the correct entries, we'll select 3 lucky winners to receive airdrops valued between 5-10 GASU 🩵