Dirac Finance — Update on TGE and Next Steps
(For Beras who can’t read, please find a tl;dr below in the next tweet)
A. Global sentiment and commitment:
1. The past few weeks have tested the resilience of DeFi, and the Berachain ecosystem has shown strong coordination and stability.
2. At Dirac, our commitment remains unchanged: we are building on @berachain because we believe in its Proof-of-Liquidity consensus, perfectly aligned with Dirac Finance’s vault infrastructure and token design.
B. Product:
1. After completing the first vault cycles with strong APRs, Dirac proved its potential as a vault infrastructure connecting complex primitives (perps, options, and other yield strategies) with users seeking simplicity and efficiency.
2. We are now in advanced discussions with DeFi strategists to deploy new vaults. Strategists’ compensation consists of sharing part of the yield (up to 3%).
3. On the development side, the @KodiakFi perps integration is live — thanks to @OrderlyNetwork for their support — and additional integrations are underway.
4. To become a fully decentralized vault infrastructure, we will deploy the $DIRAC token, a central element of both governance and the Dirac vault economy.
C. TGE:
1. Last week, we finalized the TGE framework with @ramen_finance. Major $DIRAC token purchasers, including @w3fgroup and our community, are aligned for a Q4 to early Q1 TGE.
2. The $DIRAC token will launch through @ramen_finance and be available on @KodiakFi in an Island v2 pool, receiving BGT emissions during and after launch.
3. We are reinforcing our team with DeFi OGs and vault curators to bring additional energy to the TGE preparation and post-TGE period. Team additions and partnerships will be disclosed in the coming days.
4. TGE details will be shared soon, once we finalize the date with Ramen.
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We believe in consistency, transparency, and hard work in all market conditions.
We appreciate everyone’s continued support and patience. More updates will follow soon.
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