1/ Reminder: Join us for the upcoming governance office hours on January 9th at 9 PM ET.
03 Jan 2024, 16:13
1/ ๐๏ธReminder: Join us for the upcoming governance office hours on January 9th at 9 PM ET.
Same news in other sources
203 Jan 2024, 16:27
Hello everyone, and Happy New Year!
The last roadmap update offered a glimpse into our vision and the path that we are looking to follow in the months and years ahead. We have been diligently working on most of the products included in the roadmap for quite some time prior to the announcement, and we are thrilled to share our progress and what's on the horizon.
As we step into this new year, our focus sharpens on not only advancing our current projects but also on innovating new ideas that align with our core values and mission. Our team's dedication has brought us closer to launching several key features that we believe will significantly enhance your experience.
With this being said, let's dive into them:
Booster V2 is approaching completion, and its integration will mean that everyone will be able to not only stake HTM in the Booster but also create LP on xExchange or DX-25, farm the LP, even use the LP in the Metastaking, and also use the LP token to boost the positions in the Lending Protocol. This will allow users to increase their potential earnings as they can now earn trading fees, metastaking rewards, and also boost their position in the Lending Protocol, but also deepening the liquidity of the HTM token for a smoother trading experience.
It's important to understand that only the weight of HTM from the LP will be considered for the Booster.
One of the most important aspects of Booster V2 is the removal of the need for users to pay extra gas to rebalance their positions. With this improvement, all rebalancing transactions will happen at the protocol level, eliminating the higher transaction fees that some of you might have experienced lately. Remember, you may still incur slightly higher fees when you have funds distributed across multiple money markets.
The SC of Booster V2 was already audited, but a few modifications were made to the code, so a review of those changes will be needed.
Together with Booster V2, the main priorities were TAO Bridge and TAO Liquid Staking; at the beginning of December, we had a target of 2-3 weeks for a first version of the bridge to be ready, but as we decided to also implement the Liquid Staking at the launch of wTAO on MultiversX, things got slightly delayed.
Nevertheless, we are happy to announce that both the TAO Bridge and the Liquid Staking Module for wTAO are now completed, and we are waiting for the audits to be ready. Once the audits are ready, these will be pushed on the Mainnet immediately.
We are looking forward to working closely with TAO key opinion leaders to teach the TAO community about the new DeFi potential on MultiversX and spread the word about our products.
The Governance Smart Contract is fully coded, peer-reviewed, and also audited, with some minor implementations yet to be done in Agora. We are aiming to have this released shortly after Booster V2 and TAO Modules are deployed on the Mainnet.
The Soul website went through the design of the last pages, and the results we have achieved so far are truly mesmerizing; it's the culmination of more than 6 months of work and we can't wait to share it with you.
We also have our first Yellow Paper for Soul where we explain the entire mechanics of the protocol; we expect the release of the website to happen somewhere in Q1 of 2024; our focus is to have a great impact on the entire crypto space. With the launch of the website, we will also create a social channel and focus on building the Soul community.
We also have the first version of the dApp and we successfully performed cross-protocol cross-chain transactions through Soul; we are advancing at a fast pace and are confident in the way the end product will perform.
Hello everyone, and Happy New Year.
Hello everyone, and Happy New Year!
The last roadmap update offered a glimpse into our vision and the path that we are looking to follow in the months and years ahead. We have been diligently working on most of the products included in the roadmap for quite some time prior to the announcement, and we are thrilled to share our progress and what's on the horizon.
As we step into this new year, our focus sharpens on not only advancing our current projects but also on innovating new ideas that align with our core values and mission. Our team's dedication has brought us closer to launching several key features that we believe will significantly enhance your experience.
With this being said, let's dive into them:
Booster V2 is approaching completion, and its integration will mean that everyone will be able to not only stake HTM in the Booster but also create LP on xExchange or DX-25, farm the LP, even use the LP in the Metastaking, and also use the LP token to boost the positions in the Lending Protocol. This will allow users to increase their potential earnings as they can now earn trading fees, metastaking rewards, and also boost their position in the Lending Protocol, but also deepening the liquidity of the HTM token for a smoother trading experience.
It's important to understand that only the weight of HTM from the LP will be considered for the Booster.
One of the most important aspects of Booster V2 is the removal of the need for users to pay extra gas to rebalance their positions. With this improvement, all rebalancing transactions will happen at the protocol level, eliminating the higher transaction fees that some of you might have experienced lately. Remember, you may still incur slightly higher fees when you have funds distributed across multiple money markets.
The SC of Booster V2 was already audited, but a few modifications were made to the code, so a review of those changes will be needed.
Together with Booster V2, the main priorities were TAO Bridge and TAO Liquid Staking; at the beginning of December, we had a target of 2-3 weeks for a first version of the bridge to be ready, but as we decided to also implement the Liquid Staking at the launch of wTAO on MultiversX, things got slightly delayed.
Nevertheless, we are happy to announce that both the TAO Bridge and the Liquid Staking Module for wTAO are now completed, and we are waiting for the audits to be ready. Once the audits are ready, these will be pushed on the Mainnet immediately.
We are looking forward to working closely with TAO key opinion leaders to teach the TAO community about the new DeFi potential on MultiversX and spread the word about our products.
The Governance Smart Contract is fully coded, peer-reviewed, and also audited, with some minor implementations yet to be done in Agora. We are aiming to have this released shortly after Booster V2 and TAO Modules are deployed on the Mainnet.
The Soul website went through the design of the last pages, and the results we have achieved so far are truly mesmerizing; it's the culmination of more than 6 months of work and we can't wait to share it with you.
We also have our first Yellow Paper for Soul where we explain the entire mechanics of the protocol; we expect the release of the website to happen somewhere in Q1 of 2024; our focus is to have a great impact on the entire crypto space. With the launch of the website, we will also create a social channel and focus on building the Soul community.
We also have the first version of the dApp and we successfully performed cross-protocol cross-chain transactions through Soul; we are advancing at a fast pace and are confident in the way the end product will perform.
03 Jan 2024, 16:27
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You can shop their products here:
We've teamed up with Prozis to bring you exclusive benefits.
๐ Weโve teamed up with Prozis to bring you exclusive benefits ๐
Now, all our MOOVers can enjoy a special discount code when purchasing top-notch nutrition and sports products! ๐ Use code DOTMOOVS and embrace the future of sports and wellness ๐๏ธโโ๏ธ
You can shop their products here: https://www.prozis.com/
https://twitter.com/dotmoovs/status/1742583479387222212