2/ Right now it is in the best interest of every @neccdao holder to put in more NEAR, ETH into the treasury.
We have 99% utilisation rate = treasury raking in $$$ in fees.
The only barrier to multiplying real revenue is the lack of more funds to lend out to traders. LFG
gm $necc
short recap:
- 5M TVL
- 75k in protocol fees excluding bonds
- 13 $nNECC redistributed to $NDOL stakers
- 260 $nNECC for the DAO in bond fees
- $ETH inverse perp short open interest went over 1M a couple of times ๐ scalpers spotted
- meme contest entries
- github open
s/o to the @auroraisnear and @NEARProtocol teams especially during this current time
they're really pushing innovation for this ecosystem to flourish, the amount of moving parts they have to coordinate is something else
Excited to announce partnership with @neccdao and increased utility for $xTRI
- $xTRI can be locked into the Necc protocol collateral pools
- this integration will launch in early Q1