A fresh batch of iUSD incentives is live!
With this latest refresh, $200,000+ in iUSD rewards have been distributed across @EchelonMarket, @cabalxyz, @TradeOnStrat, and Initia DEX.
Kami is a great case study for what Initia is built for.
Apps that own their stack, capture value, and turn real usage into real revenue.
In just a year and with essentially no marketing spend, @kamigotchiworld is one of the top revenue-generating chains.
Build with Initia.
the appchain we launched with 4 devs, $1.3m in funding and no marketing budget at all is currently generating more revenue than multiple L1s that have raised hundreds of millions in funding btw
May brought steady momentum across the Initia ecosystem, from iUSD traction and DeFi opportunities to gaming updates, new trading markets, and VIP rewards ↓
• iUSD supply crossed the $5M milestone.
• @kamigotchiworld team launched @asph0d37’s Prologue playtest through the public beta, while also bringing a new optional hardcore questline and the return of VIP reward bribes to Kamigotchi.
• @civitiaorg crossed its 50th week live and recorded its 4th highest revenue-generating week, bringing in 27.8K INIT in the week of May 14-21.
• iUSD deepened its DeFi footprint on @EchelonMarket, where users put iUSD to work with 4.77M supplied and 2.59M borrowed, implying > 50% utilization.
• @TradeOnStrat expanded its markets with new TradFi listings: $TSM, $SNDK, $INTC, $CRWV, and $MU, all available with up to 50x leverage, and wrapped up a $10,000 Initia 1st Anniversary Trading Event.
• @CabalFDN vaults continue to see strong demand, with the iUSD vault already 96% filled after its recent cap increase and APR still holding at 15%.
• The VIP flywheel keeps spinning: 1.34M+ INIT distributed to users and rollups this month.
On to another month of building, shipping, and compounding 🫡
@ItsAlwaysZonny A 6 hours delay is brutal 💀 I've been delayed for 2–3 hours because of bad weather before, and I definitely killed some time by playing a bunch of Wild Rift at the airport