USDC on @SuiNetwork is now live as a settlement currency on xMoney 🎉
We’re listening to our merchants’ requests and bringing on-chain efficiency to global payments, as always.
More choice. Same trusted flow. Enjoy!
The ripple is turning into something bigger, brewing behind the scenes. 🎬
The movement is flowing through everyone, everywhere reaching even @Wolves 🐺🌎
You won't be just watching this.
You will be part of it.
The wave is rising. 🌊
#RaiseTheWave#LAK3
We are thrilled to announce that USH is now live on Mainnet, marking a monumental event for the #MultiversX ecosystem.
$USH is the first decentralized stablecoin designed to maintain a stable value, pegged to the U.S. Dollar, and native to the #MultiversX blockchain. Unlike centralized stablecoins like $USDC or $USDT, which are bridged from other chains, $USH is minted and managed within #MultiversX, reducing dependency on external chains and mitigating potential security risks related to wrapped assets.
We invite everyone to actively participate in the launch and take advantage of the incredible APYs available for USH LP stakers through the USH Staking Module.
While these high yields will be available at launch, they will naturally adjust as more participants join and deposit liquidity. In the first few hours, early participants will have the opportunity to capture some of the highest APYs ever distributed.
Based on our calculations, even with $50 million in liquidity deposited in the USH Staking Module, we expect to maintain over 60% APY, assuming all positions are equally boosted. Since not all participants will maximize their boost, even triple-digit APYs are expected in the first hours of launch, providing a significant advantage for early stakers.
We are bringing back the high-yield days of DeFi, built in a sustainable way to ensure long-term stability and growth for the $MultiversX ecosystem.
To start participating, you can mint $USH through two main Facilitators, each with their unique dynamics and fees:
Lending Protocol
Through this Facilitator, users can mint $USH by collateralizing their assets in Hatom’s Lending Protocol at a fixed minting fee per asset as follows:
• $USDC & $USDT: 10%
• $WBTC, $WETH, $UTK, $HTM, $MEX: 15%
Isolated Pools
Through the Isolated Pools, users can deposit $EGLD , $wTAO, and their Liquid Staking Tokens ( $sEGLD and $swTAO) to mint $USH without any minting fees. However, depositing Liquid Staking Tokens shifts the user’s exposure to the underlying asset ( $EGLD or $wTAO), and the collateral will no longer earn staking rewards.
Please use the following links to engage with USH:
• Mint USH through the Lending Protocol: https://t.co/VqnF1LtocO (make sure to switch to the USH Pool)
• Mint USH through the Isolated Pools: https://t.co/Lu9eZDzQSU
• Provide liquidity for USH on @xExchangeApp: https://t.co/q5jw0y6O9Q
• Provide liquidity for USH on @ash_swap: https://t.co/YtEooKOIWy
• Once you create LP or Farm Tokens, stake them in the USH Staking Module to take advantage of the $USH staking yield: https://t.co/Lu9eZDzQSU
The first few hours after $USH launches might be more volatile, and $USH will need some time to fully stabilize. Therefore, we encourage everyone to focus on pairing $USH with $EGLD or another asset for liquidity provision rather than minting $USH and selling half of it to buy the other asset for liquidity. However, if this isn’t feasible, we recommend carefully checking slippage, price impact and adjusting accordingly to ensure the best trading experience.
As a reminder, during the Private Mainnet period, Hatom generated almost $300,000 in revenue, which was used to buy back $HTM from the open market. These funds will be distributed as incentives within the USH Staking Module.
Here is a breakdown of the total incentives allocated across different pairs:
• USH/EGLD → 52%
• USH/USDC → 35%
• USH/USDT → 3%
• USH/HTM → 3%
• USH/MEX → 3%
• USH/UTK → 2%
• USH/FOXSY → 1%
• USH/ASH --> 1%
Booster V2
We are also thrilled to announce the launch of Booster V2 on the Mainnet, working in perfect harmony with USH to create a synergistic ecosystem designed to accelerate the growth of our products, with our $HTM token at its core.
The new Booster V2 eliminates all previous restrictions, enabling users to stake an unlimited amount of $HTM in the Booster. This introduces a "battle of the yield" concept, where the more you stake, the greater the incentives you can earn, proportional to the liquidity you provide. But that’s not all, as users can now also stake LP Tokens, Farm Tokens, or even Dual Farm Tokens for the HTM-EGLD pair, as well as Staked HTM from @xExchangeApp, reaping the benefits of trading fees, farm rewards, dual farm rewards, and Boosted Rewards!
A key feature to highlight is that there’s no need to unstake your $HTM from the Booster to create LPs or Farm Tokens and have a 7-day cooldown period. All liquidity provisioning can now be managed directly through the xExchange Dashboard within Booster V2, allowing users to utilize their staked $HTM in order to create the LP tokens.
With an integration directly into @xExchangeApp via Booster V2, users can now:
• Provide liquidity directly from the Booster Dashboard without leaving the Hatom website
• Upgrade or downgrade their positions
• Lock $MEX to boost their Energy and enhance rewards for providing liquidity
• Manage their Energy positions, including charging, discharging, removing, merging, or transferring Energy
• Claim all rewards generated from LPs deposited in the Booster
In Booster V1, users could only deposit single $HTM tokens, earning no yield beyond the incentives distributed by Hatom through the Booster. With Booster V2, this limitation is gone as users can now generate up to an additional 22.92% APR by creating a Dual Farm position on @xExchangeApp for HTM-EGLD (fully boosted with Energy), all while earning Hatom’s Boosted Rewards in different modules such as Lending or USH Staking.
This upgrade significantly boosts capital efficiency for users and strengthens $HTM liquidity pools, enhancing the trading experience across the ecosystem, maximizing returns and flexibility, and offering a superior solution for all participants.
USH Airdrop
We’re happy to announce that the snapshots for the USH Airdrops have now concluded, and we want to express our gratitude to everyone who participated in this event, designed as a meaningful way to reward our token holders. Moving forward, we will provide an update regarding the distribution of the prizes by the end of this week, highlighting each step in the process.
USH Market Page
We’re excited to unveil the new USH Markets page, designed for full transparency. Now, anyone can explore key metrics for USH Facilitators, including collateralization ratios, total USH minted, and the collateral backing all the minted assets, plus much more, all in one place. Our Dune Dashboards will also be updated to reflect all the most important USH metrics.
Please access the Market Page here:
https://t.co/Rd6xHlyaeV
We’ve come a long way in our journey, and it’s amazing to see $USH, one of the products with the greatest potential in the #MultiversX ecosystem, finally live! With the entire #MultiversX ecosystem poised for a period of tremendous growth, we are thrilled to be at the forefront of this transformation.
We thank you for your support on this journey and look forward to $USH driving real value and activity in the #MultiversX ecosystem, reaching new milestones together. Your backing has been crucial; this is yet another big step for Hatom and #MultiversX. Let’s keep pushing forward together!
Full course on Rust (blockchain) just uploaded!
https://t.co/lrHxctraKx
Structure of guided video lessons:
▫️ Environment setup
▫️ Create the first SC from a template
▫️ Building & interacting with a SC
▫️ Testing on the ChainSimulator
▫️ Token workflows
MultiversX is the place to be if you’re just starting out!🧑💻
Can AI solve all of humanity's problems? @sama (Sam Altman) thinks so, but not everyone agrees.
Here are some key points from the debate:
🔸Utopian Vision: Altman believes #AI will fix major issues like climate change and even help us build space colonies.
1/3
To support our acceleration phase, and provide the conditions required for our token to thrive, we are introducing 5 key measures starting today:
• Reduce the Total Supply
• Add a 1 year cliff for advisors, team, and private sale investors
• Diversify the Liquidity Pools
• Reduce the supply inflation
• Increase user daily rewards
For further details on these initiatives and how they’ll benefit our community, please read our latest blog post https://t.co/lpb7AlcGJC
While we can’t dictate market outcomes, we’re taking steps to support stronger alignment between our progress and our token's potential.