We are excited to announce that @izumi_Finance is now integrated with OverProtocol!
Experience next-level liquidity and optimized trading on OverProtocol powered by iZUMi's advanced solutions.
⚠️ OVER-USDT Liquidity migration and app update is scheduled for 05:00 UTC. Please be cautious when trading before this time.
Stay tuned for more updates! 🚀💧
#OverProtocol #OferFlex #iZUMiFinance
DAO Treasury Allocation Adjustment & Palm-staking Update
The DAO Treasury funds ecosystem growth through dApp development, network improvements, and user education. It also receives transaction fees and network revenue to ensure long-term stability. Currently, 10 million OVER per year is allocated entirely to Palm-staking. To improve liquidity efficiency, we are working with a new partner DEX and will temporarily adjust the DAO Treasury allocation.
DAO Treasury Annual Allocation Adjustment
🔷Before
Palm-staking: 10 million OVER
🔷After
Palm-staking: 4 million OVER
LP rewards OVER-USDT pair on partner DEX: 6 million OVER
Partner DEX & Liquidity Migration
We are collaborating with a partner DEX to enhance liquidity and will announce details in February alongside the LP migration and app update. This aims to provide a more stable liquidity supply and better user experience.
Reduction of Palm-staking Unstaking Period
Based on community feedback, the unstaking period for Palm-staking will be reduced.
If unstaking was requested before the update, the new 3-day period will apply retroactively.For example, if unstaking was requested 24 hours before the update, only 48 more hours (2 days) will be needed.
🔷Before: 21 days
🔷After: 72 hours
Implementation Schedule
- Changes will be applied with the next app update.
- More details will be shared soon.
This update is a step toward expanding the ecosystem before enhancing the DAO Treasury. We humbly thank you for your feedback and support in growing the OverProtocol ecosystem.
The total supply of $OVER is 1 billion, but only 19.7% is released, valuing it at just $9M at $0.045 per token. A remarkably small market cap for a Layer 1 blockchain. 👀
Do you think @SuiNetwork's technology is groundbreaking?
I published the "Ethanos" paper at EuroSys in 2021, a year before "Narwhal and Tusk," the foundational technology behind SUI, was presented at the same conference.
OverProtocol is built on "Ethanos" technology. ✊
🌈Over the Rainbow: Grants for a Colorful Ecosystem
This program is designed to help teams develop new products or successfully deploy existing DApps within the #OverProtocol Ecosystem.
💘 https://t.co/xATGhzLiCH
✅ Up to $100,000 in OVER tokens
✅ Marketing and ecosystem exposure
✅ Participation in Over Ecosystem Airdrop Season 1
🚀 https://t.co/l3EgEtlXh7 X @overprotocol giveaway is coming now!
Join to share a $200 reward in $OVER!
💰 20 winners * $10 OVER each
☑️Follow @gate_io & @overprotocol
☑️RT, Like & tag 3 friends
New Users: Register on #Gateio to share $1,000 futures voucher: https://t.co/BGkd1nlekP
($10 each, KYC is required. FCFS.)
Ends at 10:00 AM, Feb 5 UTC.
📢 Announcing the new $OVER Launchpool on HashKey Global! @overprotocol
🌟 Hold futures or lock $OVER to earn from 1,160,000 $OVER prize pool!
✅ Start locking now 👉 https://t.co/xvZibKwx8s
✅ Yield generation: 10:00 UTC, Jan 14
More details: https://t.co/wqmalqrDdd
🎁 First 200 to complete these tasks share 6,000 $OVER! (200*30)
✅ Follow @HashKey_Global
✅ Like & quote RT with #HashKeyLaunchpool
✅ Join Telegram https://t.co/eGp56J0ilG
✅ Submit UID & proof https://t.co/FyRd3hb1rj
In January, Grant Program is launching and new events with partners are coming.
the DAO Treasury and governance are set to launch.
The Over team and community are fully ready to support new comers and developers!!!
@overnance @web3arang @aixbt_agent
Ben(@overnance), the founder of #OverProtocol, recently had an interview with @tokenpostkr, Korea's largest crypto media outlet. Tune in now to hear about the future strategies of OverProtocol
https://t.co/zumO9KtSIw
Happy New Year❤️🔥
What’s your wish for this year?
Hope all your dreams come true.
Thanks for being part of the OverProtocol community.
Make it an amazing year together🙌
A new chapter is on the horizon.
Approximately 12 million OVER tokens are palm-staked, and around 7 million tokens are home-staked. This represents about 2% of the total token supply currently staked within the protocol, with the numbers steadily growing.
Early next year, the Validator-Collateralized Stablecoin and RWA marketplace will launch, igniting a flywheel effect to accelerate the value of OVER tokens. Keep staking OVER and get ready to welcome an exciting year ahead!