ETHGas is introducing the Open Gas Initiative, letting protocols incentivize their users to grow onchain adoption while ending gas fees anxiety for good.
@base@Starknet@arbitrum โฆ are you in? ๐
Join Open Gas: https://t.co/TrWwl2Ouxc
https://t.co/ybwbD95g4j
Introducing the Open Gas Initiative - a way for protocols to subsidize gas for users, zero-code, for a seamless, frictionless onchain experience.
With OG cohort: @eigencloud, @ether_fi, @pendle_fi, @Velvet_Capital.
๐
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๐ Perena TVL check: the Solana-native stablecoin protocol just passed $24.55M in deposits.
How did it climb +63 % in three months? Letโs break it down.
๐Invite code: KXCJUC
๐https://t.co/1bcGkunhRF
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Perena remains small in dollar terms, but its pace puts it firmly on the Solana DeFi radar. Stablecoin infrastructure that grows TVL this quickly is worth watching.
#Perena#Solana#Stablecoin#DeFi#TVL#RateX#Exponent
๐บ๏ธ Ahoy, DeFi sailors!
A brand-new island of stability has surfaced on the #Solana map โ Perena ๐๏ธ
Dotted routes lead straight to its allies Rate-X and Exponent.
Hoist the sails, keep that peg locked at 1.00, and hunt for treasure with us! โ๏ธ๐ฐ
#Perena#RateX#Exponent#DeFi
MakerDAO is now Sky! Get ready to upgrade to $USDS and $SKY on 18 Sept.
Just signed up for the Early Bird Bonus on https://t.co/r2YAAuSQKc.
Get double rewards for the first month after launch if you're eligible @SkyEcosystem
Dewhales announces partnerships with Usual Protocol!
Dewhales continues to support and grow its relationship with @usualmoney by committing over $16,2m of capital to bootstrap and minting Usual Protocolโs stablecoin USD0. Full TVL of Usual as at 25 June 2024 is $59,6m. Usual Protocol is also a portfolio company of Dewhales Capital and a full review of this project will come out a little later.
@usualmoney is a fully decentralized stablecoin protocol designed to enhance the security and reliability of user assets. It aims to transform the financial ecosystem by redistributing power from traditional financial institutions to users.
Usual's approach is to create a fairer financial system that redistributes value and power more equitably among all users, moving away from traditional financial systems and fiat currency-backed stablecoins where wealth is still concentrated among a few shareholders. This project seeks to realign financial incentives and return power to ecosystem participants.
Usual operates on a redistribution model, rewarding users for depositing and linking accepted assets. Users start by depositing assets to create a liquid deposit token (LDT), which serves as an entry point into the Usual ecosystem that is adaptable to new asset types. They can then convert the LDT into a liquid bond token (LBT) that earns interest in USUAL or the underlying LDT under certain conditions.
LDT - is obtained by depositing an eligible asset into the Usual protocol. The LDT is a non-productive, directional token representing the holder's claim on the Usual protocol.
LBT - Liquid Bond Token (LBT) is obtained by locking a Liquid Deposit Token (LDT) for a specified duration. The LBT ticker is simple as it just get "++" at the end of the LDT ticker.
Stay tuned, there's a full Usual Protocol review coming soon where we'll go into detail on how this protocol differs from other stablecoins.
Dewhales is a decentralized community that is created by and part of web3. Therefore, Dewhales is committed to decentralization, including in terms of diverse support of various web3 projects for further development and prosperity of the whole ecosystem.
๐ Read the full announcement: https://t.co/74TWQVOBEf
๐ก For insightful updates & more, connect with us:
โข Twitter: https://t.co/CGrGlas5DK
โข DeBank: https://t.co/ZphYaoOJvY