Sphere Weekly Report — CW 76
This Week in Sphere Ecosystem News & Updates
Hey Sphereans, welcome to this week’s issue of the Sphere Weekly Report!
This has been an incredibly special and action-packed week across the Sphere Ecosystem. A great deal has happened over the past week that we are just bursting to share with you all!
Sphereans, strap in, because there is a lot of ground to cover in this week’s issue of the Weekly Report. So, without further ado, let us begin.
Preon Launch: The Final Countdown
After almost a year of careful planning and development, we deem it is time to begin rolling out what may very well be one of the most ambitious projects in our roster. Preon will be releasing in steps to ensure that the final release is as flawless and optimized as can be. Prior to the full release and presale of the $PREON token (which we are sure the community is thrilled for), we will do the following:
- Showcase our product to the broader DeFi world,
- Put our partners on display and shed light on how they fit inside the Preon ecosystem,
- Make sure our community is equipped with the knowledge to handle Preon,
And last but not least…
- Prepare for Preon’s beta/soft-launch phase
You heard that right! We will be releasing $STAR to the public, with Preon farms making a debut at a later date. Don’t fret, the opportunities are plenty with $STAR even without its very own gauge. This will be much clearer as we show our partners and get closer to launch.
To learn more about Preon’s soft-launch and presale, we encourage you to read the article below:
Get excited, Sphereans!
Zealy Campaign: Master Preon and Become The Hero
Are you as excited as we are for Preon’s upcoming launch, Sphereans? We are simply thrilled to show you all everything that we have created with the latest protocol in the Sphere Ecosystem’s suite.
But excitement is only one part of the Preon experience. Knowing what Preon is, what it means for Sphere and the broader DeFi community, and how you can use it to optimize your yields is just as important — if not more so! That is precisely why we are unveiling our very own Zealy campaign.
Within the Zealy you will find the following:
- Quests to boost your XP,
- Unique upcoming early adopter NFTs,
- Educational content.
And much more! Join the community and collaborate with fellow DeFi connoisseurs. The further you go, the more exclusive the rewards will be.
Immerse yourself in Preon and enjoy a gamified learning experience!
(Also check out Preon’s Twitter page to enjoy some of the most hilarious memes you will see all week!)
Preon x Balancer x Aura: The Power of Three
Preon’s soft-launch phase is commencing soon, and the protocol is already shaping up to be a major force within the DeFi space, which will leverage many unique synergies with other protocols to offer a truly unique product.
We are extremely pleased to announce that one of those synergies will involve Balancer and Aura, and will allow our users a utility that is, as of the current time, unique to Preon: the ability to leverage BPTs at zero-percent interest.
BPTs, or Balancer Pool Tokens, are receipt tokens that users receive when depositing liquidity into Balancer, a decentralized portfolio manager that allows for weighted pools and offers unique boosted pools.
Preon will grant users the ability to use their BPTs as collateral in exchange for borrowing the $STAR stablecoin at 0% interest.
Not just that, but instead of simply keeping the tokens in your wallet, Preon will give users the ability to earn yield on top of the yield they earn from depositing in the Balancer pool and, to further optimize emissions, collateralized BPTs will be deposited into Aura.
For the full scoop on how Preon will be leveraging the power of three protocols to make your BPTs yield-bearing and optimize yield on those BPTs, please check out the article below:
Much more is on the way, Sphereans — the Ecosystem is just beginning to heat up! Stay tuned by joining our community Discord server through the link below:
We hope you enjoyed this week’s issue of the Sphere Weekly Report, and until next time, Sphere over and out.
