Cavern Protocol

Cross-chain Lending Protocol.
Deposit on Osmosis NOW !
WebApp: @kayanskinicolas

[Cavern Protocol @CavernProtocol]

📢Service Announcement📢
Cavern Protocol will stop all borrowing operations starting June 25th, 2024. You won't be able to borrow or repay funds on the protocol after this date. Keep reading to learn more.

[Cavern Protocol @CavernProtocol]

Prices are going down slowly to 80% of their actual value.
Tommorow will be 60%. There are still some people borrowing, please be careful with your collaterals !

[Cavern Protocol @CavernProtocol]

Following the plan to clode the protocol, we will soon make the collateral value 80% of their actual values.

[Cavern Protocol @CavernProtocol]

@afro_teemo No, I'm stopping this, because I want to focus on other projects :)

[Cavern Protocol @CavernProtocol]

Following our previous announcement, new borrows are not possible on Cavern Protocol anymore.
https://t.co/gooWHgggGC

[Cavern Protocol @CavernProtocol]

The protocol will slowly disappear but it leaves a powerful legacy behind :
- A fully audited protocol with all the components open-sourced
- Projects that already appropriated this code base and that are running successfully on other chains (@ginkou_io on Migaloo for instance)

[Cavern Protocol @CavernProtocol]

All borrowers should stop borrowing. If they don't, they risk loosing all their funds from Juon the 20th because prices will artificially be lowered

[Cavern Protocol @CavernProtocol]

@sggresearch On Terra, there's solid for borrowing :) on WhiteWhale, there's Ginkou (cavern fork)

[Cavern Protocol @CavernProtocol]

📢Service Announcement📢
Cavern Protocol will stop all borrowing operations starting June 25th, 2024. You won't be able to borrow or repay funds on the protocol after this date. Keep reading to learn more.

[Cavern Protocol @CavernProtocol]

Here's a more detailed timeline for the next 3 weeks:
- 15. June: Interrupting new borrows on the web app
- 20. June: Gradually decreasing asset prices to stop all current borrow positions.
- 25. June: Interruption of all borrowing and repayment activities

[Cavern Protocol @CavernProtocol]

The protocol will slowly disappear but it leaves a powerful legacy behind :
- A fully audited protocol with all the components open-sourced
- Projects that already appropriated this code base and that are running successfully on other chains (@ginkou_io on Migaloo for instance)

[Cavern Protocol @CavernProtocol]

Because this has been a wonderful adventure, I want to thank all the people who helped make Cavern Protocol a reality, those who participated in the protocol governance behind the scenes, and finally Terra's governance that helped fully audit the protocol.

[Cavern Protocol @CavernProtocol]

This decision comes from multiple factors mostly due to my availability as the founder :
- I don't have the energy/capacity to continue maintaining/innovating on the protocol
- It has seen little-to-no adoption
- I will take time off for personal reasons

[Cavern Protocol @CavernProtocol]

After 1.5 years of operations, the Protocol will stop its borrowing operations. All borrowing activities will be stopped, while users will still be allowed to deposit funds until the reserves are fully drained.

[Cavern Protocol @CavernProtocol]

Less and less borrows nowadays, do you want to deposit your $USDC now anon? There is plenty of yield, just come and grab it!

[Cavern Protocol @CavernProtocol]

@seanyang63 @Delirious1991 @_WOOFi Some funds are available now :)

[Cavern Protocol @CavernProtocol]

@OX_DAO You, easy

[Cavern Protocol @CavernProtocol]

@joelvyn99 Ok, good idea

[Cavern Protocol @CavernProtocol]

You can now deposit funds on Osmosis directly inside Cavern Protocol, how do you like it, tell us about your experience Osmosis users!

[Cavern Protocol @CavernProtocol]

@axelarnetwork @osmosis You can now withdraw and deposit from @osmosis without having to touch Terra!
🛤️ Stay home and enjoy a stable yield!

[Cavern Protocol @CavernProtocol]

Cavern Protocol goes Cross-Chain🚀🚀🚀
Go to https://t.co/lJO4VYePkx to deposit your $USDC from @axelarnetwork directly from @osmosis.
Osmosis is a first, more chains to come. What chains would you like to see? Comment Below 👇👇