A new update for the @ConcreteXYZ community
Gmcrete
Community Update: Phase 2 Bags Campaign
Hey everyone ๐
We wanted to share an important update regarding the Concrete Bags program.
Over the next few weeks, we will begin transitioning from our Phase 1 Bags Campaign into Phase 2, as we continue to expand and improve the rewards experience for our community.
As part of this transition, we will be migrating our bags infrastructure from Absinthe to Fuul.
What does this mean for you?
Most importantly:
โ All bags earned during Phase 1 will be preserved
โ No bags will be lost during the migration
โ All historical activity and rewards will be accounted for
โ You do not need to take any action at this time
Our team is working closely with both providers to ensure a smooth transition and accurate migration of all user data and bags balances.
Why are we making this change?
As Concrete continues to grow, we want to provide a more scalable and flexible rewards experience for the community. Moving to Fuul will allow us to introduce new campaign mechanics, better tracking, and additional opportunities to reward participation throughout Phase 2 and beyond.
Timeline
The migration will take place gradually over the coming weeks. During this period, you may see updates to how bags are displayed or tracked, but rest assured that all eligible activity will continue to be recorded and reflected appropriately.
We'll share additional details, timelines, and Phase 2 opportunities as we get closer to launch.
Thank You
We appreciate everyone who has participated in Phase 1 and helped grow the Concrete ecosystem. This next phase is designed to create even more opportunities for our community, and we're excited to share what's coming next.
Stay tuned for more updates.
๐ชจ The Concrete Team
When it comes to efficiency utilisation of funds for stable and maximum yield, @ConcreteXYZ
stand out.
Concrete's vault infrastructure is designed to automate allocation, compounding, and rebalancing so that capital is continuously deployed into yield-generating opportunities.
Key ways Concrete improves capital efficiency:
1. Automated capital allocation โ Vaults dynamically route funds to strategies that offer attractive risk-adjusted returns, reducing idle capital.
2. Automatic compounding โ Rewards are reinvested without users having to claim and redeploy funds manually. This helps maximize long-term growth.
3. Reduced operational friction โ Users deposit once while the vault handles rebalancing, strategy management, and execution.
4. Liquidity aggregation โ Capital from many users is pooled, allowing more efficient deployment across lending, liquidity provision, restaking, and other strategies.
5. Composable vault shares (ctAssets) โ Depositors receive receipt tokens that can potentially be used elsewhere in DeFi, allowing the deposited capital to remain productive while retaining utility.
With Concrete XYZ, capital isn't left sitting idle. Vaults automate allocation, compounding, and liquidity deployment so users can earn optimized on-chain yield without constantly managing positions.
Explore https://t.co/eHZgb2TmED for more and how you can put your funds to work with One Click.
@crypttoji@d3crypt0r25@nic_builds
The conviction is paying off.
โ Last week's article approved
โ 128 days of consistency
โ 7,800+ bags earned
Every day strengthens my belief in what @ConcreteXYZ is building.
We're still early.
@crypttoji@d3crypt0r25@nic_builds
Institutions have long faced a trade-off between the security of qualified custody and access to onchain rewards.
BitGo and @ConcreteXYZ are partnering to change that, piloting an institutional onchain offering where digital assets stay in qualified custody through BitGo Bank & Trust while clients access Concrete-operated vault strategies.
The result is a regulated foundation for treasury operators and asset managers seeking to make balance sheet capital more productive.
Read the full PR: https://t.co/osu6qhadYC
1/ For years, qualified custody meant idle capital.
Today, that changes.
We're partnering with @BitGo to build a custody-native vault platform; institutional assets staying in regulated custody while running strategies through Concrete's vault architecture.
122 days โ of building, growing, and believing.
@ConcreteXYZ continues to show what the future of DeFi can look like. ๐ฅ
Gmcrete ๐ฟ
@crypttoji@d3crypt0r25