π’Final phase of our ibBTC guarded launch is now live.π’
In the final phase of our Interest Bearing Bitcoin (ibBTC) guarded launch:
πEveryone Qualifies to mint
πCap is raised to $ 21 Million ( an additional 325 BTC added)
πA 10 BTC individual cap applies
π An additional 320k DFD in incentives for this phase
π²Mint - https://app.badger.finance/ibBTC
π£Provide liquidity on @SushiSwap https://app.sushi.com/add/0xc4E15973E6fF2A35cC804c2CF9D2a1b817a8b40F/0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599
βοΈ Important Info βοΈ
Retweet: hhttps://twitter.com/defidollar/status/1395431740961787906?s=20
DefiDollar Annoucements: @defidollarofficial
In the final phase of our Interest Bearing Bitcoin (ibBTC) guarded launch:
πEveryone Qualifies to mint
πCap is raised to $ 21 Million ( an additional 325 BTC added)
πA 10 BTC individual cap applies
π An additional 320k DFD in incentives for this phase
π²Mint - https://app.badger.finance/ibBTC
π£Provide liquidity on @SushiSwap https://app.sushi.com/add/0xc4E15973E6fF2A35cC804c2CF9D2a1b817a8b40F/0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599
βοΈ Important Info βοΈ
Retweet: hhttps://twitter.com/defidollar/status/1395431740961787906?s=20
DefiDollar Annoucements: @defidollarofficial
Badger
BadgerDAO Bitcoin Portal
DAO dedicated to building products and infrastructure to bring Bitcoin to DeFi.
A buyback of 97,120 DFD was just executed.
https://etherscan.io/tx/0xb38d0ef92fee3fc5f20b49b7cda0170f8fb8f45c6139114d442a27896771cd76
This auto-compounds for DFD stakers on ETH. https://app.dusd.finance/staking/
https://etherscan.io/tx/0xb38d0ef92fee3fc5f20b49b7cda0170f8fb8f45c6139114d442a27896771cd76
This auto-compounds for DFD stakers on ETH. https://app.dusd.finance/staking/
π’ Community Education Series #1 π’
DefiDollar's TVL increased from 18 to 32mn till now in May. This coupled with 3 Cex listings and more coming up. We are just getting startedπ¦Ύβ¨
DefiDollar has a dual token design:
- The stablecoin index, pegged to $1 - $DUSD
- The governance token, DefiDollar DAO - $DFD
DUSD is a stablecoin index optimized for peg safety, providing further utility through ancillary products built around it such as the savings account.
Savings on BSC β https://bsc.app.dusd.finance/savings/
Savings on Ethereum β https://app.dusd.findance/
DFD governs DefiDollar & is instrumental in making critical protocol decisions. DFD is available on Ethereum and BSC, and can also be bought on AscendEX, BKEX, MXC, Bibox.
The DFD buyback vault buys DFD from open markets using protocol income. Deposit in the impermanent loss free DFD buyback vault: https://app.dusd.finance/staking/
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1397560081307242501?s=20
π¦ Twitter
π¬ Discord
DefiDollar's TVL increased from 18 to 32mn till now in May. This coupled with 3 Cex listings and more coming up. We are just getting startedπ¦Ύβ¨
DefiDollar has a dual token design:
- The stablecoin index, pegged to $1 - $DUSD
- The governance token, DefiDollar DAO - $DFD
DUSD is a stablecoin index optimized for peg safety, providing further utility through ancillary products built around it such as the savings account.
Savings on BSC β https://bsc.app.dusd.finance/savings/
Savings on Ethereum β https://app.dusd.findance/
DFD governs DefiDollar & is instrumental in making critical protocol decisions. DFD is available on Ethereum and BSC, and can also be bought on AscendEX, BKEX, MXC, Bibox.
The DFD buyback vault buys DFD from open markets using protocol income. Deposit in the impermanent loss free DFD buyback vault: https://app.dusd.finance/staking/
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1397560081307242501?s=20
π¦ Twitter
π¬ Discord
π’ ibBTC is LIVE with no cap restrictions π’
We are bringing Bitcoin to DeFi with interest bearing Bitcoin - ibBTC!
ibBTC has successfully completed the guarded launch spanning over 3 weeks and now will be live without restrictions on Ethereum!
β‘οΈ No per wallet limit
β‘οΈ All addresses qualify
Mint ibBTC: https://bit.ly/3bYmf5r
What can you do with ibBTC currently?
One can provide liquidity on Sushiswap to the ibBTC/WBTC pair & deposit the LP token to Badger vaults for rewards.
Provide liquidity on Sushiswap: http://bit.ly/3fNMgFr
Stay tuned as we work together with BadgerDAO to bring more utility to ibBTC on ETH & across other chains!
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1397969881858035716?s=20
π¦ Twitter
π¬ Discord
We are bringing Bitcoin to DeFi with interest bearing Bitcoin - ibBTC!
ibBTC has successfully completed the guarded launch spanning over 3 weeks and now will be live without restrictions on Ethereum!
β‘οΈ No per wallet limit
β‘οΈ All addresses qualify
Mint ibBTC: https://bit.ly/3bYmf5r
What can you do with ibBTC currently?
One can provide liquidity on Sushiswap to the ibBTC/WBTC pair & deposit the LP token to Badger vaults for rewards.
Provide liquidity on Sushiswap: http://bit.ly/3fNMgFr
Stay tuned as we work together with BadgerDAO to bring more utility to ibBTC on ETH & across other chains!
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1397969881858035716?s=20
π¦ Twitter
π¬ Discord
app.badger.finance
BadgerDAO Bitcoin Portal
DAO dedicated to building products and infrastructure to bring Bitcoin to DeFi.
π¨Proposal to whitelist ibBTC on Cream Finance
Joint proposal with BadgerDAO to whitelist ibBTC (interest bearing Bitcoin) as collateral on Cream Finance βͺβ
Share feedback and support the proposal here: https://forum.cream.finance/t/proposal-whitelist-ibbtc-as-a-collateral-asset/1680
This is a step to integrate ibBTC natively into DeFi and especially lending platforms to enable more utility for ibBTC hodlers.
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1398344606329171969?s=20
π¦ Twitter
π¬ Discord
Joint proposal with BadgerDAO to whitelist ibBTC (interest bearing Bitcoin) as collateral on Cream Finance βͺβ
Share feedback and support the proposal here: https://forum.cream.finance/t/proposal-whitelist-ibbtc-as-a-collateral-asset/1680
This is a step to integrate ibBTC natively into DeFi and especially lending platforms to enable more utility for ibBTC hodlers.
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1398344606329171969?s=20
π¦ Twitter
π¬ Discord
π’ DefiDollar Community Education Series #2π’
As DefiDollar makes it transition to a multi-chain Defi Protocol lab we wish to share a simple primer for our community to better understand the product portfolio of the protocol.
Below are the products being developed:
1. ibBTC - Interest bearing Bitcoin
2. DUSD - Meta Stablecoin
3. Opeth - Option Powered Synthetics
- ibBTC is interest bearing BTC enabling users to earn interest while holding tokenised BTC on Ethereum.
Read more: https://bit.ly/2RPuJEY
Mint here: https://bit.ly/3bYmf5r
- DUSD is a metastablecoin that provides diversification and protection against volatility.
- Opeth is a synthetic asset fusing put options with underlying collateral. Aimed at improving capital efficiency of on chain lending by making collateral smart with a defined price floor.
Read more: https://bit.ly/3bYvKBD
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1398652460768534528?s=20
π¦ Twitter
π¬ Discord
As DefiDollar makes it transition to a multi-chain Defi Protocol lab we wish to share a simple primer for our community to better understand the product portfolio of the protocol.
Below are the products being developed:
1. ibBTC - Interest bearing Bitcoin
2. DUSD - Meta Stablecoin
3. Opeth - Option Powered Synthetics
- ibBTC is interest bearing BTC enabling users to earn interest while holding tokenised BTC on Ethereum.
Read more: https://bit.ly/2RPuJEY
Mint here: https://bit.ly/3bYmf5r
- DUSD is a metastablecoin that provides diversification and protection against volatility.
- Opeth is a synthetic asset fusing put options with underlying collateral. Aimed at improving capital efficiency of on chain lending by making collateral smart with a defined price floor.
Read more: https://bit.ly/3bYvKBD
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1398652460768534528?s=20
π¦ Twitter
π¬ Discord
π¨ Liquidity Mining Update - Juneπ¨
As we evolve as a protocol the incentives for Liquidity Mining need to keep up with the changing needs of the protocol and ecosystem.
ibBTC has been opened to all and has garnered a TVL of $26 million (734 BTC). IbBTC constitutes a major chunk of the LM incentives for June.
June Liquidity Mining Allocations can be found here: https://forum.dusd.finance/t/liquidity-mining-update-june/52
As we evolve as a protocol the incentives for Liquidity Mining need to keep up with the changing needs of the protocol and ecosystem.
ibBTC has been opened to all and has garnered a TVL of $26 million (734 BTC). IbBTC constitutes a major chunk of the LM incentives for June.
June Liquidity Mining Allocations can be found here: https://forum.dusd.finance/t/liquidity-mining-update-june/52
DefiDollar
Liquidity Mining Update (June)
We plan to continue DFD emissions for the following pools: 680K DFD for the month of June has been allocated to wBTC/ibBTC SLP pool; being distributed via the badger app. This chunk has already been transferred. Continue 300k DFD (75k/week) emissionsβ¦
π’ ibBTC Utility Update - Ruler Protocol accepts ibBTC as collateralπ’
Our vision is to have ibBTC tightly integrated within DeFi, providing a range of options for ibBTC hodlers to put their assets to work.
In a step in that direction - IbBTC can now be added as collateral on Ruler Protocol to borrow stablecoins - DAI/USDT/USDC.
Read More: https://badgerdao.medium.com/ibbtc-and-bbadger-now-accepted-as-collateral-on-ruler-protocol-e3c2a5927124
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1399966975573389318?s=20
π¦ Twitter
π¬ Discord
Our vision is to have ibBTC tightly integrated within DeFi, providing a range of options for ibBTC hodlers to put their assets to work.
In a step in that direction - IbBTC can now be added as collateral on Ruler Protocol to borrow stablecoins - DAI/USDT/USDC.
Read More: https://badgerdao.medium.com/ibbtc-and-bbadger-now-accepted-as-collateral-on-ruler-protocol-e3c2a5927124
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1399966975573389318?s=20
π¦ Twitter
π¬ Discord
Medium
ibBTC and bBadger Now Accepted as Collateral on Ruler Protocol
Adding more utility to ibBTC
π’ ibBTC gets more covered in The Defiant by Defi Dadπ’
In this week's Defiant Degens a treat awaits Bitcoin Hodlers as DeFi_Dad shows you how to earn 19-43% (current) on your $BTC using $ibBTC
Read More: https://thedefiant.io/defiant-degens-how-to-earn-yield-on-your-btc-via-defidollar-and-badger-finance/
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1400348989027807235?s=20
π¦ Twitter
π¬ Discord
In this week's Defiant Degens a treat awaits Bitcoin Hodlers as DeFi_Dad shows you how to earn 19-43% (current) on your $BTC using $ibBTC
Read More: https://thedefiant.io/defiant-degens-how-to-earn-yield-on-your-btc-via-defidollar-and-badger-finance/
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1400348989027807235?s=20
π¦ Twitter
π¬ Discord
π $DFD liquidity mining rewards to the DUSD Curve pool have now concluded. $CRV rewards to the pool will continue.
βοΈ The last buyback using fee split from DUSD TVL has been executed: https://etherscan.io/tx/0xc1ddd4e46fe73fa800c4a604e9274cd9a428f152893120a087730e61ede84373
π°Consequently, the APY for DUSD savings account will increase.
π Details from earlier: https://forum.dusd.finance/t/liquidity-mining-update-june/52
βοΈ The last buyback using fee split from DUSD TVL has been executed: https://etherscan.io/tx/0xc1ddd4e46fe73fa800c4a604e9274cd9a428f152893120a087730e61ede84373
π°Consequently, the APY for DUSD savings account will increase.
π Details from earlier: https://forum.dusd.finance/t/liquidity-mining-update-june/52
Ethereum (ETH) Blockchain Explorer
Ethereum Transaction Hash (Txhash) Details | Etherscan
Ethereum (ETH) detailed transaction info for txhash 0xc1ddd4e46fe73fa800c4a604e9274cd9a428f152893120a087730e61ede84373. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
π’ Opeth is Live - Smart collateral for DeFi powered by Options! π’
Opeth is a synthetic asset made by fusing together the underlying and a put option.
With Opeth minting now live, this is the first step towards enabling liquidation free and capital efficient loans powered by on-chain Options.
Opeth is currently powered by Opyn Protcol and is available for the following assets:
- WETH
- WBTC
Read More: https://medium.com/defidollar/opeth-finance-is-live-8bf0e1a5b33b
App: https://opeth.finance/
βοΈ Important Links βοΈ
Retweet: https://twitter.com/OpethFinance/status/1401928433798549506?s=20
π¦ Twitter
π¬ Discord
Opeth is a synthetic asset made by fusing together the underlying and a put option.
With Opeth minting now live, this is the first step towards enabling liquidation free and capital efficient loans powered by on-chain Options.
Opeth is currently powered by Opyn Protcol and is available for the following assets:
- WETH
- WBTC
Read More: https://medium.com/defidollar/opeth-finance-is-live-8bf0e1a5b33b
App: https://opeth.finance/
βοΈ Important Links βοΈ
Retweet: https://twitter.com/OpethFinance/status/1401928433798549506?s=20
π¦ Twitter
π¬ Discord
π¨DefiDollar DAO Governance Alertπ¨
Proposal to revise ibBTC fee is now Live!!π³οΈ
We are calling for a vote to lower the Mint & Redeem fee which will enable easier discovery for ibBTC.
With ibBTC crossing $46 Million in TVL, we gear up for the $100 Million Milestone. π
Vote Below: π
π· https://snapshot.org/#/defidolla.eth/proposal/QmUvNFRuM1wVybmM8reeA6igFWJai1VFUgoirAVAH1E9zw
βοΈ Important Info βοΈ
π Vote Concludes: Thursday, July 17th,2021 -11:00 PM IST
Retweet: https://twitter.com/defidollar/status/1404861235502346243?s=20
DefiDollar Annoucements: @defidollarofficial
Proposal to revise ibBTC fee is now Live!!π³οΈ
We are calling for a vote to lower the Mint & Redeem fee which will enable easier discovery for ibBTC.
With ibBTC crossing $46 Million in TVL, we gear up for the $100 Million Milestone. π
Vote Below: π
π· https://snapshot.org/#/defidolla.eth/proposal/QmUvNFRuM1wVybmM8reeA6igFWJai1VFUgoirAVAH1E9zw
βοΈ Important Info βοΈ
π Vote Concludes: Thursday, July 17th,2021 -11:00 PM IST
Retweet: https://twitter.com/defidollar/status/1404861235502346243?s=20
DefiDollar Annoucements: @defidollarofficial
DefiDollar - Announcements
π¨DefiDollar DAO Governance Alertπ¨ Proposal to revise ibBTC fee is now Live!!π³οΈ We are calling for a vote to lower the Mint & Redeem fee which will enable easier discovery for ibBTC. With ibBTC crossing $46 Million in TVL, we gear up for the $100 Millionβ¦
π¨DefiDollar DAO Governance Alertπ¨
The above proposal has been passed by both the DefiDollar and Badger DAO. It is great to see both the communities rally together to bring about governance efforts.
ibBTC fees have now been lowered:
πΉ Mint from 0.5% > 0.2%
πΉ Redeem 0.5% > 0.1%
The above proposal has been passed by both the DefiDollar and Badger DAO. It is great to see both the communities rally together to bring about governance efforts.
ibBTC fees have now been lowered:
πΉ Mint from 0.5% > 0.2%
πΉ Redeem 0.5% > 0.1%
π¨DefiDollar Dons - DefiDollar's Ambassador Program π¨
Calling the Mafia! We are assembling the Dons to disrupt the space togetherπ¦Ύπ¦Ύ
The ambassador program - DefiDollar Dons, will be a community driven initiative for increasing awareness about DeFi and wider adoption of DefiDollarπ
This program is intended to give back to the most dedicated of our members simultaneously driving engagement and adoption. It's an opportunity work with the DefiDollar core team and also get exposure to other key participants in the broader crypto space.
The ambassador reward pool totals upto $2000 per month in rewards!π
The applications are now open and over the next couple of weeks, the most passionate members from the community will be chosen as Dons from these applicationsβοΈ
Come join the Mafia, be a DefiDollar Don!
Apply here : https://bit.ly/3vIVIzP
πRead More: https://medium.com/defidollar/the-defidollar-ambassador-program-fded0e361b19
π¦Retweet: https://twitter.com/defidollar/status/1407369598526058496?s=20
Calling the Mafia! We are assembling the Dons to disrupt the space togetherπ¦Ύπ¦Ύ
The ambassador program - DefiDollar Dons, will be a community driven initiative for increasing awareness about DeFi and wider adoption of DefiDollarπ
This program is intended to give back to the most dedicated of our members simultaneously driving engagement and adoption. It's an opportunity work with the DefiDollar core team and also get exposure to other key participants in the broader crypto space.
The ambassador reward pool totals upto $2000 per month in rewards!π
The applications are now open and over the next couple of weeks, the most passionate members from the community will be chosen as Dons from these applicationsβοΈ
Come join the Mafia, be a DefiDollar Don!
Apply here : https://bit.ly/3vIVIzP
πRead More: https://medium.com/defidollar/the-defidollar-ambassador-program-fded0e361b19
π¦Retweet: https://twitter.com/defidollar/status/1407369598526058496?s=20
π’ibBTC is now on @0xPolygon! π’
DefiDollar is proud to announce the launch of interest-bearing Bitcoin DeFi solutions to the Polygon network.
This will accelerate adoption of #Bitcoin in DeFi by leveraging low gas fees and faster transactions.
ibBTC aims to have a multi-chain presence and be the de-facto interest bearing Bitcoin token representation.
You can now bridge ibBTC to Polygon from Ethereum and provide liquidity to the ibbTC/WBTC pool on SushiSwap.
Guide: https://badgerdao.medium.com/how-to-bridge-ibbtc-to-polygon-b268b9dfd73
Read More: https://blog.polygon.technology/badgerdao-defidollar-bring-interest-bearing-bitcoin-to-the-polygon-network-deb8a46181f7
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1407770325450776577?s=20
π¦ Twitter
π¬ Discord
DefiDollar is proud to announce the launch of interest-bearing Bitcoin DeFi solutions to the Polygon network.
This will accelerate adoption of #Bitcoin in DeFi by leveraging low gas fees and faster transactions.
ibBTC aims to have a multi-chain presence and be the de-facto interest bearing Bitcoin token representation.
You can now bridge ibBTC to Polygon from Ethereum and provide liquidity to the ibbTC/WBTC pool on SushiSwap.
Guide: https://badgerdao.medium.com/how-to-bridge-ibbtc-to-polygon-b268b9dfd73
Read More: https://blog.polygon.technology/badgerdao-defidollar-bring-interest-bearing-bitcoin-to-the-polygon-network-deb8a46181f7
βοΈ Important Links βοΈ
Retweet: https://twitter.com/defidollar/status/1407770325450776577?s=20
π¦ Twitter
π¬ Discord
π’Join us for an AMA with the Crypto Talkz Community!π’
We delve into our latest product releases - ibBTC and Opeth. Do join in to ask questions and learn more.
π Date: Sunday, June 25th - 4:00 PM UTC | 9:30 PM IST
πVenue: @Crypto_Talkzs
βοΈ Important Info βοΈ
Retweet: https://twitter.com/defidollar/status/1407993571500728324?s=20
DefiDollar Annoucements: @defidollarofficial
We delve into our latest product releases - ibBTC and Opeth. Do join in to ask questions and learn more.
π Date: Sunday, June 25th - 4:00 PM UTC | 9:30 PM IST
πVenue: @Crypto_Talkzs
βοΈ Important Info βοΈ
Retweet: https://twitter.com/defidollar/status/1407993571500728324?s=20
DefiDollar Annoucements: @defidollarofficial
π’Twitter AMA with @0xPolygon later today!π’
Join the DefiDollar team as they discuss ibBTC with the Polygon Community!
π 28th June 2021, 1:30 PM EST | 11 PM IST
Set-up reminder : https://bit.ly/Polygon-Badger-AMA
βοΈ Important Info βοΈ
Retweet: https://twitter.com/defidollar/status/1409496296633749506?s=20
DefiDollar Annoucements: @defidollarofficial
Join the DefiDollar team as they discuss ibBTC with the Polygon Community!
π 28th June 2021, 1:30 PM EST | 11 PM IST
Set-up reminder : https://bit.ly/Polygon-Badger-AMA
βοΈ Important Info βοΈ
Retweet: https://twitter.com/defidollar/status/1409496296633749506?s=20
DefiDollar Annoucements: @defidollarofficial
π£ The conversation continues on Twitter Spaces! π£
Join us on Twitter Spaces with @BadgerDAO & @Polygon where we discuss about the recent launch of ibBTC on Polygon & more.
Starting in 25 Minutes!
π Tuesday, 29th June, 1 PM EST/ 10:30 PM IST
Tweet: https://twitter.com/defidollar/status/1409913037922869251?s=20
Join us on Twitter Spaces with @BadgerDAO & @Polygon where we discuss about the recent launch of ibBTC on Polygon & more.
Starting in 25 Minutes!
π Tuesday, 29th June, 1 PM EST/ 10:30 PM IST
Tweet: https://twitter.com/defidollar/status/1409913037922869251?s=20
Twitter
DefiDollar
Join us on Badgers Never Hide with the @BadgerDAO & @0xPolygon team! Starting in about 30 Minutes!β³ We discuss the ibBTC launch on Polygon and more. twitter.com/BadgerDAO/statβ¦