🚀Liquity @LiquityProtocol user coverage purchase portal is live.
🛡LPs can get protected at low premium by depositing USDC.
✅Cover amount can be adjusted anytime and cost is deducted on a weekly basis.
🛡LPs can get protected at low premium by depositing USDC.
✅Cover amount can be adjusted anytime and cost is deducted on a weekly basis.
🔥We are excited to welcome another partner into the ecosystem - @perpprotocol.
💰Perpetual’s coverage pool is open to accept deposits. Earning will start by the end of next week.
👌Perpetual users can get protected at 2.6% yearly cost starting from next week.
💰Perpetual’s coverage pool is open to accept deposits. Earning will start by the end of next week.
👌Perpetual users can get protected at 2.6% yearly cost starting from next week.
🏄 Bi-Weekly Progress Update:
💰 Deposit asset earning 26% APR on USDC and 42% APR on TIDAL.
🚀 Liquity Protocol user purchase portal is live.
✅ New coverage pool deployed for perpprotocol, USDC deposit earning starts next week.
⬆️ Staking reward extended.
https://medium.com/tidal-finance/bi-weekly-recap-mar-21st-to-apr-1st-5cdb7f7b1237
💰 Deposit asset earning 26% APR on USDC and 42% APR on TIDAL.
🚀 Liquity Protocol user purchase portal is live.
✅ New coverage pool deployed for perpprotocol, USDC deposit earning starts next week.
⬆️ Staking reward extended.
https://medium.com/tidal-finance/bi-weekly-recap-mar-21st-to-apr-1st-5cdb7f7b1237
Medium
Bi-Weekly Recap — Mar. 21st to Apr.1st
Dear Community,
🔥We are excited to welcome another partner into the ecosystem - @saddlefinance.
💰Saddle’s coverage pool is now opened to accept deposits. Earning will start by the end of this week.
👌Saddle’s users can get protected at 3% yearly cost starting from April 18th, stay tuned.
💰Saddle’s coverage pool is now opened to accept deposits. Earning will start by the end of this week.
👌Saddle’s users can get protected at 3% yearly cost starting from April 18th, stay tuned.
⏰NAOS - Tidal insurance pool supporter NFT is ready for claim
📩Please DM us your wallet address if you are eligible by depositing USD in NAOS basket and TIDAL's reserve pool.
✅To find out if you are eligible, please refer to this page for more details
https://galaxy.eco/naosfinance/campaign/GCMNjUU8NS/
ℹ️Admins in this group for NFT issues:
@Ali_Kulus
@Nagacrypto
@kira_rice
📩Please DM us your wallet address if you are eligible by depositing USD in NAOS basket and TIDAL's reserve pool.
✅To find out if you are eligible, please refer to this page for more details
https://galaxy.eco/naosfinance/campaign/GCMNjUU8NS/
ℹ️Admins in this group for NFT issues:
@Ali_Kulus
@Nagacrypto
@kira_rice
🛡Tidal x NAOS Insurance Supporters NFT is ready to claim🛡
Catch your NFT at
https://galaxy.eco/naosfinance/campaign/GCMNjUU8NS/
Catch your NFT at
https://galaxy.eco/naosfinance/campaign/GCMNjUU8NS/
Galxe
Tidal x NAOS Insurance Supporters by NAOS Finance
Join Tidal x NAOS Insurance Supporters campaigns created by NAOS Finance on Galxe. ◈ Deposit in Tidal’s and NAOS’s Insurance Pool:
a
a
🏄Bi-Weekly Progress Update:
💰Deposit asset earning 31% APR on USDC and 32% APR on TIDAL.
🚀Perpetual protocol user purchase portal is live, Perp users can get protection a weekly low cost.
✅New coverage pool deployed for Saddle Finance protocol, deposit earning starts this week.
⬆️StaFi protocol coverage period extended.
https://medium.com/tidal-finance/bi-weekly-recap-apr-4th-to-apr-15th-389fcb994652
💰Deposit asset earning 31% APR on USDC and 32% APR on TIDAL.
🚀Perpetual protocol user purchase portal is live, Perp users can get protection a weekly low cost.
✅New coverage pool deployed for Saddle Finance protocol, deposit earning starts this week.
⬆️StaFi protocol coverage period extended.
https://medium.com/tidal-finance/bi-weekly-recap-apr-4th-to-apr-15th-389fcb994652
Medium
Bi-Weekly Recap — Apr. 4th to Apr.15th
Dear Community,
🔈Cover purchase portal update:
🚀Perpetual protocol @perpprotocol coverage user purchase portal is live.
🛡Perpetual users can get protected by depositing USDC.
✅Cover amount can be adjusted anytime and cost is deducted on a weekly basis.
🚀Perpetual protocol @perpprotocol coverage user purchase portal is live.
🛡Perpetual users can get protected by depositing USDC.
✅Cover amount can be adjusted anytime and cost is deducted on a weekly basis.
🔈Cover purchase portal update:
🚀Saddle Finance @saddlefinance coverage user purchase portal is live.
🛡Saddle Finance users can get protected by depositing USDC.
✅Cover amount can be adjusted anytime and cost is deducted on a weekly basis.
🚀Saddle Finance @saddlefinance coverage user purchase portal is live.
🛡Saddle Finance users can get protected by depositing USDC.
✅Cover amount can be adjusted anytime and cost is deducted on a weekly basis.
🏄Bi-Weekly Progress Update:
💰Deposit asset earning 26% APR on USDC and 50% APR on TIDAL.
🚀StaFi protocol’s premium is reduced from 0.08% weekly to 0.06% weekly.
✅Improved UI display for APR earnings.
https://medium.com/tidal-finance/bi-weekly-recap-apr-18th-to-apr-29th-1d0a80bfe17a
💰Deposit asset earning 26% APR on USDC and 50% APR on TIDAL.
🚀StaFi protocol’s premium is reduced from 0.08% weekly to 0.06% weekly.
✅Improved UI display for APR earnings.
https://medium.com/tidal-finance/bi-weekly-recap-apr-18th-to-apr-29th-1d0a80bfe17a
Medium
Bi-Weekly Recap — Apr. 18th to Apr.29th
Dear Community,
🛡UST de-peg coverage update🛡
Dear community, we have been monitoring the UST de-peg situation and in preparation for the legible claims. As stated in cover policy -
1️⃣"De-pegging: when insured assets, e.g. UST, trade below $0.85 on a 5 day time weighted average price. Policyholders can exchange any amount of insured UST to the collateral stable coin, USDC."
2️⃣UST dropped below 0.8 on May 10th, reference
https://www.coingecko.com/en/coins/terra-usd/historical_data#panel
3️⃣Once the 5 days condition triggers, current policyholders are eligible for payout.
4️⃣Policyholders who purchased the coverage before May 10th will be valid. Since new purchases take one week to become effective, purchases after May 10th are not valid and won’t be charged. UST coverage purchase will be temporarily paused.
5️⃣In preparation for the claim process, we have collected the eligible policyholders’ addresses with coverage purchase records. There is a small amount of purchased coverage (~10% of the collateral pool).
6️⃣Policyholders are required to exchange UST for USDC up to the covered amount.
Dear community, we have been monitoring the UST de-peg situation and in preparation for the legible claims. As stated in cover policy -
1️⃣"De-pegging: when insured assets, e.g. UST, trade below $0.85 on a 5 day time weighted average price. Policyholders can exchange any amount of insured UST to the collateral stable coin, USDC."
2️⃣UST dropped below 0.8 on May 10th, reference
https://www.coingecko.com/en/coins/terra-usd/historical_data#panel
3️⃣Once the 5 days condition triggers, current policyholders are eligible for payout.
4️⃣Policyholders who purchased the coverage before May 10th will be valid. Since new purchases take one week to become effective, purchases after May 10th are not valid and won’t be charged. UST coverage purchase will be temporarily paused.
5️⃣In preparation for the claim process, we have collected the eligible policyholders’ addresses with coverage purchase records. There is a small amount of purchased coverage (~10% of the collateral pool).
6️⃣Policyholders are required to exchange UST for USDC up to the covered amount.
CoinGecko
TerraClassicUSD Price: USTC Live Price Chart & News | CoinGecko
Updated 12 January 2023: Current price of TerraClassicUSD is USD $0.021150537989 with a 24-hour trading volume of $7,513,414. USTC price is down -0.4% in the last 24 hours.
🛡UST de-peg coverage update🛡
1️⃣Dear community: Due to the UST price continuously falling below $0.85 for 5 days, we have submitted and approved the UST de-peg claim.
2️⃣UST reserve pool is frozen, withdrawals and deposits are suspended.
3️⃣Payout amount of USDC and TIDAL will be proposed in 24 hours from now (1 pm EST 5/17/2022), followed by a voting period for 72 hours.
4️⃣Voting process will be similar as last time, users interested in voting can delegate votes to themselves, or to our team (in the governance page at app.tidal.finance). The voting addresses delegated before don’t need to delegate again, new addresses need to delegate before the voting starts in 24 hours.
5️⃣The estimated max payout is 85,000 USDC, failed claims will be returned to USDC providers. Details on covered addresses and evidence required to qualify for the payout will be shared soon in the voting proposal.
1️⃣Dear community: Due to the UST price continuously falling below $0.85 for 5 days, we have submitted and approved the UST de-peg claim.
2️⃣UST reserve pool is frozen, withdrawals and deposits are suspended.
3️⃣Payout amount of USDC and TIDAL will be proposed in 24 hours from now (1 pm EST 5/17/2022), followed by a voting period for 72 hours.
4️⃣Voting process will be similar as last time, users interested in voting can delegate votes to themselves, or to our team (in the governance page at app.tidal.finance). The voting addresses delegated before don’t need to delegate again, new addresses need to delegate before the voting starts in 24 hours.
5️⃣The estimated max payout is 85,000 USDC, failed claims will be returned to USDC providers. Details on covered addresses and evidence required to qualify for the payout will be shared soon in the voting proposal.
🛡UST de-peg coverage update🛡
1️⃣Proposal is currently active for voting. Users will have 72 hours to cast the vote.
2️⃣Details regarding the payout amount, covered addresses are listed in the proposal. App.tidal.finance -> Governance
3️⃣Final payout requires policyholders to prove the ownership of UST at the time of cover purchase, as well as transferring the UST in exchange for USDC. We propose a 20 days period from today for policyholders to do so - deadline by June 7th. Failed claims will be returned to the USDC depositor.
1️⃣Proposal is currently active for voting. Users will have 72 hours to cast the vote.
2️⃣Details regarding the payout amount, covered addresses are listed in the proposal. App.tidal.finance -> Governance
3️⃣Final payout requires policyholders to prove the ownership of UST at the time of cover purchase, as well as transferring the UST in exchange for USDC. We propose a 20 days period from today for policyholders to do so - deadline by June 7th. Failed claims will be returned to the USDC depositor.
🛡UST de-peg coverage update🛡
Dear community, we have finished the voting process for UST de-peg claims and thank you for participating. Below is an update of the current status:
1️⃣Proposal voting has ended and 85k USDC were deducted from the UST collateral pool, as well as 7,727,273 TIDAL from the staking pool.
2️⃣Deposit and withdrawal in USDC reserve pool and TIDAL staking pool has been resumed.
3️⃣We are in the process of verifying claims with policyholders. The process will take approximately 10 days.
4️⃣After processing claims, any unclaimed USDC will be returned to the USDC providers, as well as TIDAL compensation.
Dear community, we have finished the voting process for UST de-peg claims and thank you for participating. Below is an update of the current status:
1️⃣Proposal voting has ended and 85k USDC were deducted from the UST collateral pool, as well as 7,727,273 TIDAL from the staking pool.
2️⃣Deposit and withdrawal in USDC reserve pool and TIDAL staking pool has been resumed.
3️⃣We are in the process of verifying claims with policyholders. The process will take approximately 10 days.
4️⃣After processing claims, any unclaimed USDC will be returned to the USDC providers, as well as TIDAL compensation.
🏄Bi-Weekly Progress Update:
💰Deposit asset earning 23% APR on USDC and 35% APR on TIDAL.
✅UST payout was processed for policyholders.
⬆️USDC reserve pool and TIDAL staking pool resumed deposit and withdrawal.
https://medium.com/tidal-finance/bi-weekly-recap-may-16th-to-may-27th-af629396969a
💰Deposit asset earning 23% APR on USDC and 35% APR on TIDAL.
✅UST payout was processed for policyholders.
⬆️USDC reserve pool and TIDAL staking pool resumed deposit and withdrawal.
https://medium.com/tidal-finance/bi-weekly-recap-may-16th-to-may-27th-af629396969a
Medium
Bi-Weekly Recap — May. 16th to May. 27th
In the past few weeks, we have been closely monitoring the UST de-peg event and supporting the policyholders for the claim process. Most…
🛡USDC coverage provider compensation update🛡
Dear community, following the UST payout proposal, we have finalized the UST payout and distributed the compensation for USDC providers:
1️⃣75,000 USDC has been distributed to policyholders who have made successful claims.
2️⃣10,000 (out of 85,000) unclaimed USDC has been distributed proportionally to USDC providers' wallet who has suffered the loss for UST payout.
3️⃣7,727,273 TIDAL has been distributed proportionally to USDC providers' wallet who has suffered the loss for UST payout.
Dear community, following the UST payout proposal, we have finalized the UST payout and distributed the compensation for USDC providers:
1️⃣75,000 USDC has been distributed to policyholders who have made successful claims.
2️⃣10,000 (out of 85,000) unclaimed USDC has been distributed proportionally to USDC providers' wallet who has suffered the loss for UST payout.
3️⃣7,727,273 TIDAL has been distributed proportionally to USDC providers' wallet who has suffered the loss for UST payout.
🏄Bi-Weekly Progress Update:
💰Deposit asset earning 19% APR on USDC and 36% APR on TIDAL.
✅USDC and TIDAL reimbursement was processed for USDC providers.
🚀FRAX de-peg coverage pool is open for deposit, earning starts next week.
https://medium.com/tidal-finance/bi-weekly-recap-may-30th-to-jun-10th-91213b7ff1e3
💰Deposit asset earning 19% APR on USDC and 36% APR on TIDAL.
✅USDC and TIDAL reimbursement was processed for USDC providers.
🚀FRAX de-peg coverage pool is open for deposit, earning starts next week.
https://medium.com/tidal-finance/bi-weekly-recap-may-30th-to-jun-10th-91213b7ff1e3
Medium
Bi-Weekly Recap — May. 30th to Jun.10th
Dear Community,