π¨ Farming Campaigns Alert! π¨
Introducing sUSDNβget HUGE rewards by seeding the TVL for the $USDN protocol, in partnership with @enzymefinance!
π‘ What is sUSDN?
sUSDN (seed USDN) is designed to kickstart TVL ahead of USDN's official launch in January. Every sUSDN is backed by sUSDe, giving you double yield opportunities! And every sUSDN can be reedemed anytime you want, starting today, for sUSDe and later for $USDN! π€―
π Get rewarded for holding "USDN tokens" before they launch!
By early 2025, Enzymeβs pool will shift gradually from sUSDe backing to pure sUSDN backing, allowing you to convert your sUSDN to $USDN directly! (so hold tight to them!)
πΈ Starting today, you can buy sUSDN!
Go on https://t.co/mJutXvFoFL and swap your tokens for sUSDN. Token contract: 0xf67e2dc041b8a3c39d066037d29f500757b1e886
β οΈ Beware of price impact due to large demand: For now, 1 sUSDN = 1 sUSDe (Ethena), which is currently worth ~$1.12. Liquidity will grow gradually, so ensure you're purchasing at this fair valueβor wait!
Also, mind ETH gas price...
π± New Farming Campaigns on SMARDEX:
1οΈβ£ sUSDN/SDEX Liquidity Pool: Add liquidity and earn boosted yield!
2οΈβ£ sUSDN Farming Pool: Stake sUSDN for extra rewards!
Two more campaigns are coming soon!
Start farming now: https://t.co/hVcV32WNyc π
Renaming is just one step in our big growth π
π₯ We shortened the name, making it shorter, clearer and more sounding.
We are now Drops Mini App & Bot - https://t.co/6DRCTaoaPQ
Welcome to the CANI ecosystem.....
CANI is an ecosystem of dapps and services designed to revolutionise rights, ownership, and financial independence for content creators.
https://t.co/6OmHMyf1mJ
Current status and announcement :
Hello everyone,
Thanks again for your increased patience regarding USDN!
As you know, our priority is always to release flawless products of the highest possible quality.
After more than a year of research, we started working on implementing our USDN solution in July 2023. The number of challenges we had to solve was impressive, and our team succeeded in surpassing every milestone. This is a great source of pride for us, and has made us understand why no one has ever succeeded in creating a decentralized synthetic dollar. USDN is more than that.
We've recently added a few extra security measures and some extremely innovative functions to enable the protocol to be even more efficient in its liquidity management. This has made development a little longer, and we're confident that we'll be entering the final audit phase in 2-3 weeks' time.
In the meantime, here are some long-awaited details on USDN related to $SDEX:
β’ For each USDN minting; a few SDEX will be purchased by the user who will burn them forever. This means that the SDEX price will definitely rise a little more for each new mint.
β’ TVL will generate strong buying pressure on SDEX. Let's say the TVL of $USDN is 1 billion. Taking the state of the average market over the last few years and extrapolating to the future, this would generate around $600,000 worth of SDEX bought and burned every month (at current prices, this represents around 35,000,000 SDEX). These purchases would take place automatically, recurrently and perpetually, for as long as the blockchain exists. Growth is linear. For example, if USDN reaches the current TVL of Ethena USDe (which is a fully centralized Delta Neutral synthetic dollar attempt that we deem suboptimal, risky and vulnerable for reasons we'll detail later), that would be $1,440,000 of SDEX that would be bought per month on the pools and then burned forever.
It's up to you if you want to take a look at the impact on SDEX prices of this kind of automatic, recurring purchase.
We'll be sharing many more details with you over the coming weeks, and thank you again for your attention and patience. We're proud and honored to be supported by such a great community.
With love π,
The SmarDex team
After this crazy day, a little rest with a more reasonable gift.
Just make sure to follow us and retweet :)
Oh and... get the best prices on the planet for your swaps on https://t.co/dc18iOIiuv
#VenusProtocol is the 3rd best lending protocol after Compound and Aave.
#JustLend is a straight-up scam used by Justin to supply his exchange user's fund & #Spark will be having airdrop soon.
Expecting #Venus is eat up some of the market share once it's launched on Ethereum.
We never discuss price; our focus is on creating the decentralized finance ecosystem of tomorrow.
However, after years of research and development effort, this milestone is deeply meaningful.
Thanks to all who contributed. π
This marks merely the start of our journey.
Hello everyone! Today, our CEO, Maksims Kurajevs @kurajevs , joined the crypto discussion regarding digital currencies & NFTs at Riga COMM - the largest Baltic exhibition. Thank you to everyone who attended and engaged with us today. Stay tuned for moreπ₯π₯π₯@MonezoXYZ@RigaComm
PLUS, in celebration of https://t.co/wXTkuC1vsW epic multichain rollout on $ARB, $BNB, and $MATIC, one lucky liquidity provider on these chains will land a whopping airdrop of 5 $ETH!
See all their campaigns here: https://t.co/wCov36cVOM
Good luck, ledges!
My partners @every_thing are giving away 20 $ETH for the best memes you ledges can make about @every_thing.
Top 15 will get 1 $ETH each. Myself and @TheCryptoLes will be the judges for the best ones.
To enter all you need to do is: ππ½