Cache is officially relaunching on @MontraXYZ.
We like how Montra is approaching the Elysium ecosystem, and we’re looking forward to contributing to it.
Launch details and the new CA will be shared here first.
New market on Cache: $MONTRA from @MontraXYZ.
Borrow HYPE against your $MONTRA. You get a fixed term, a fixed cost you see upfront, and no liquidations.
https://t.co/qL95jYoldC
In the meantime, nothing about the protocol has changed. Lending, borrowing and the full Cache credit layer are live and fully functional.
Use Cache here: https://t.co/6kckH1mXc3
Cache is officially relaunching on @MontraXYZ.
We like how Montra is approaching the Elysium ecosystem, and we’re looking forward to contributing to it.
Launch details and the new CA will be shared here first.
We’re postponing the $CACHE relaunch until we have more information.
We believe in Elysium long term and don’t want to rush a decision we might regret. The holder snapshot has been taken, so everyone is covered.
Please be patient with us. Any questions can be answered in our TG: https://t.co/50wWp68QWb
We’re aware of what has happened with Obol and their main token.
$CACHE launched on Obol, so we’re looking into a migration to a new contract that doesn’t rely on any launchpad. Every holder will be covered 1:1 from a snapshot, and we’ll share the details before anything moves.
The Cache protocol is not affected. Lending, borrowing and the vaults run on our own contracts and on Morpho Blue, and all funds are safe.
Cache is officially live on @Enter_Elysium mainnet.
Cache is the credit layer for Elysium. Lend to earn yield, or borrow against what you already hold. Built on Morpho Blue.
New with mainnet: HYPE and USDC markets.
· Lend HYPE or USDC and earn interest
· Borrow USDC against your HYPE, or HYPE against your USDC
Live now at https://t.co/u6s15pasTy.
We launched Cache just two days ago, and the first 48 hours have been better than we hoped.
With Elysium mainnnet live shortly, we’re building to become a core part of the ecosystem.
Step 3: scale, carefully.
Every vault starts with low caps. As Cache proves itself, the caps go up, and every increase goes through the multisig and the 24-hour public timelock.
Hourly buybacks and burns continue throughout.
Elysium mainnet is tomorrow. Here’s the Cache plan.
Step 1 is already live: lock your memecoins and borrow HYPE. Fixed terms and no liquidations, and lenders earn the fees.
Step 2: lend and borrow USDC.
Once USDC is on Elysium, Cache opens HYPE and USDC markets. Borrow USDC against HYPE, or HYPE against USDC. Lenders earn the interest.
Built on Morpho Blue.