I bought $CLAR and staked it at 20% APR/month. While you're overthinking, I’m already stacking my position. Don’t miss out—join @clarnium_io, farm your xCLAR, and claim your rewards today! https://t.co/smdsWc0orl https://t.co/gV61wCwfHp
While everyone is feeling down about the market, our team is focused on improving the product and user experience, not posting just for the sake of posting.
This week we released an update that includes:
• Referral system in USDC
• Daily streak extended from 90 to 180 days
• Added a countdown timer for the daily streak reset
• Added reward sections in the Userboard
• Wallet display for token claims in the Vesting section
• Increased cashback percentage from your users’ purchases
• Automatic USDC withdrawals within 24 hours
And this is only part of this quarter’s releases.
Something interesting is coming next.
Trust should not depend on people behaving perfectly.
Aeredium is the world's first L1 where machines enforce the rules - verifiable infra built for scale.
🛡 Quantum-proof
🔄 24h bank-to-crypto settlement
⚡ 13M+ TPS
💰 Positive slippage
Join the hub: https://t.co/0dlBbSlhlv
Purpose: The pause stabilizes the system by letting arbitrageurs correct the stablecoin's price (e.g., toward $1) without new minting or redemption pressure. This halts further reserve drain and allows the protocol to recover.
How they work: If the value of assets in the Mento reserve approaches a critical level (for example, due to a sharp drop in the price of $CELO), the mechanism automatically pauses key operations (such as the minting of new stablecoins).
Main purpose below👇
When I need to swap a volatile token for a stablecoin, I use the @MentoLabs protocol, and here’s why:
1. 0% slippage🤝
2. Fast swaps💨
3. Low fees📉
4. Stablecoins you can trust🙌
@MentoLabs reserve, i’ll explain it in a way even little kids can understand
What backs Mento’s stablecoins, and why don't they break?
Because for each of these coins, there's a big transparent treasure chest full of real treasures ($CELO, $BTC, etc.) Anyone can look inside and see that there are enough treasures for all the coins.
2) Hyperinflation turns hard work into dust. Freelancers shouldn't have to watch their earnings evaporate by month's end. With cUSD through @MentoLabs, they can finally earn in permanent value. This is financial stability, ACCESSIBLE FOR ALL🤝
1) Imagine a developer from a country with financial restrictions. Working abroad, he cannot send money home through traditional systems because they are simply blocked. But with Mento, he can support his family, because true financial access is when borders do not exist🙌
Was: CELO was worth $5, the reserve was healthy
Happened: CELO crashed to $1
Triggered: Creation of new cUSD for CELO was blocked (to prevent distributing cUSD for a devalued asset)
What's still possible: You can still exchange cUSD for assets from the reserve (e.g. for CELO at a favorable rate)
Mento’s Circuit breakers - what is it? Is an automatic "emergency switch". If the value of assets in the Mento reserve falls near a critical lvl (for example due a CELO price crash), the mechanism pauses while the arbitrageurs focuses on price stabilization.
One example below👇