Pleased to share that starting today, we'll begin to announce the speakers for Solana Crossroads over the coming weeks!
Very excited to start with of and !
Look forward to seeing you there!
Get your tickets in USDC at aten.app/Crossroads!
Hedge Labs (
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@HedgeLabs
Never sell your SβL. 0% interest loans on Solana Discord: discord.gg/hedge Medium: hedgelabs.medium.com
Hedge Labs (π,π)βs Tweets
- Add support for Hedge
Hedge fam is good fam, you can now track your Hedge positions in Step!
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6οΈβ£ Hedge Labs did not any treasury funds on FTX. A small amount of funds deposited in FTX US was successfully withdrawn in time.
Hedge Labs did not have any further associations with FTX or Alameda.
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5οΈβ£ While in constant contact with regarding potential bad debt on cUSDC and cUSDT, debt limits have been decreased accordingly to reduce exposure.
Given Solend's bad debt will likely be covered, no further limitations have been taken.
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The whale account has been fully liquidated, stabilizing the situation on Solend.
There is ~$6.5M of bad debt in the Main Pool, and ~$22M USDC in the treasury. A DAO vote will follow soon.
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4οΈβ£ The remaining USH debt of ~400 USH will be repaid by the team once permissionless repayments are enabled, a feature that has been worked on prior to the incident already.
The total debt taken against soETH and soBTC was <1,000 USH.
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3οΈβ£ As it became clear that Sollet bridged assets were under risk, the team decided to use Hedge's built-in Redemption feature to repay the debt on behalf of the vault owners to avoid bad debt for USH.
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2οΈβ£ In light of major network congestion oracles reacted quickly to improve reliability which allowed Hedge's Oracle module to continue to report a reliable collateral price using a combination of multiple feeds and fallbacks from , , and
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As you all aware the last week has been intense, here is a summary of what steps the team has taken to mitigate risk and exposure for Hedge. π§΅
1οΈβ£ $USH has remained overcollateralized and maintained peg through last weeks extreme market movements.
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π¨Parameter Alertπ¨
- cUSDC Vault interest rate:
1% β‘οΈ 0.5%
- cUSDT Vault interest rate:
1% β‘οΈ 0.5%
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Hats off to the team for managing to contain the situation to this extent!
Thanks for all the hard work and tireless efforts keeping comms up and team π«‘π«‘π«‘
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The whale account has been fully liquidated, stabilizing the situation on Solend.
There is ~$6.5M of bad debt in the Main Pool, and ~$22M USDC in the treasury. A DAO vote will follow soon.
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Borrows on all vaults are temporarily disabled.
We will be monitoring and evaluating the highly dynamic situation before enabling all borrows again.
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Deposits and borrows on wBTC vault have been disabled until future notice.
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We are aware of current market movements, as well as Solana network congestions causing delays in oracle updates and RPC issues when using the Hedge dApp.
We are in contact with all relevant teams and will update accordingly
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Lookout for the kart racing past the one!
ποΈπ¨
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1/n
gm - we just shipped Perps to mainnet live from @SolanaConf ; making Zeta the worldβs first orderbook DEX with Options, Dated Futures & Perps!
Trading is now live for $SOL, $BTC & $ETH
dex.zeta.markets
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0/ The second annual Breakpoint starts this Friday!
Last year, Breakpoint was a great event for founders, builders and investors to connect.
Hereβs a thread of some of the main teams that will be there. Definitely reach out to them if you are in Lisbon!
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4/ If you would like to read more about our latest updates, do check out this article here!
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3/ Transaction V2
Weβve implemented Transaction V2 on Hedge and this implementation will be made live once most wallets support this new standard.
With this new standard, basic interactions would not require multiple transactions, improving your user experience. β¨
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2/ Oracle updates
At Hedge, security is of our upmost importance. As we onboard more assets, weβll be focusing on using more oracles to bound prices in order to avoid price manipulation which would result in bad debt and excessive liquidations.
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1/ HDG Staking changes
To better sustain the price of HDG, weβll be shifting to a token buyback staking model.
With this new model, rewards will be auto-compounded and you wonβt need to continuously claim rewards which simplifies the process.π
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November is an exciting month ahead and we canβt wait to share what weβve been working on. π«
π§΅
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βοΈWoke up today, and chose HIGH YIELD. Lfg
πΎEarn 31.9% yield on your $USDC now at Hawksight.co
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π Composability on Solana π
Days before we hop on the big stage in Lisbon Breakpoint, team Dappio will host another Twitter Space to discuss our Composable Framework & itβs use cases π₯
π
Date: Oct 27th
β° Time: 4 pm UTC
π Link: twitter.com/i/spaces/1DXxy
#Solana
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How long have you not connected with the #Coin98Pool on ?π§
We have sth new for you, an occasion for 40,000 #C98 rewardπ
The incentive is now starting to take off! Deposit $USDC, $USH, $USDH, $UXD, and $PAI to earn more C98 today!
πsolend.fi/dashboard?pool
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. rewards in the Coin98 pool will be changed to the following at 10/21 UTC 8:00.
Deposit stablecoins from ,
, , and to earn C98 tokens!
These rewards will be distributed over the course of 1 month.
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For your convenience, weβve compiled all existing Hedgeβs pools here!
hedge.so/pools
Compare the providers, APYs, Audit providers and TVL all in a page!
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7/
Similarly to Port Finance, users can supply and/or borrow assets to earn rewards in βs Nazare Stablecoin pool.
For more information, do view π
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.@NazareFinance rewards in the Nazare pool have been changed to the following.
Deposit Nazare LPs as collateral and borrow stablecoins such as USH, UXD and USDC to earn additional incentives.
These rewards will be distributed over the course of 1 month.
solend.fi/dashboard?pool
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Rewards from $HDG - $USDC will be shifted to $HDG - $USH on Raydiumβs Ecosystem Farm.
raydium.io/farms/?tab=Eco
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Starting off, we are happy to announce that Hedge has integrated as our default explorer.
Users can now enjoy tracking their positions with a seamless UI experience.
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π Hedgeβs Bi-weekly update:
In this weekβs update, we have some new updates alongside a compilation of protocols offering Hedgeβs liquidity mining rewards. Let's begin β¨
π§΅
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Soon with notifications from Hedge as wellπ
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Happy Friday
Sign up for alerts on Notifi Hub with your @phantom @solflare_wallet @sollet or @MetaMask wallet yet?
Our web3 Inbox is your cross-chain messaging solution for users to create, manage, and store their alerts in one place 
notifi.network
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π£ Ever wanted to list a new token on Orca? π³
Dive in podmates: The Community Listings Beta is here!
Read below and discover how to:
π§ List new tokens on Orca
π§ Launch a token pool with a new fee-tier
π§ Create exotic token pairs! π
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Gm, let's start the week off with a new token pair π token pairs now on drip, DCA today
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