Sphere Weekly Report — CW 79
This Week in Sphere Ecosystem News & Updates
Hey Sphereans! Welcome to this week’s edition of the Sphere Weekly Report, where we delve into the latest news and updates from the Sphere ecosystem. This week, we have a lot to cover, so let’s dive right in!
Sphere’s Big Picture: A Bird’s Eye View
We believe in the power of information, and that’s why the Sphere Team has been hard at work compiling a comprehensive overview of the Sphere Ecosystem. This compilation was released on all of Sphere Finance’s official social media accounts, and includes valuable insights into the ecosystem’s protocols, plans for governance and meta-governance, and the role of the $SPHERE token as a pivotal governance asset within the DeFi landscape.
We understand that navigating complex concepts can sometimes be challenging, so we took a different approach this time. We started with a simple overview and gradually delved into the intricate details, ensuring that our users gain a deeper understanding without getting lost in the complexities. Knowledge is power, after all!
Preon Zealy Quests: A Fond Farewell
If you’ve been following our journey and the captivating Zealy campaign, you’re probably feeling like a true CDP expert by now. From gaining in-depth knowledge about all things CDP to exploring the unique features that make Preon stand out, you’ve been on an educational adventure. Not to mention the good vibes that have surrounded this campaign!
A big congratulations in advance to those who netted themselves an NFT, a unique role in our Discord server or a whitelist spot for $PREON’s presale. We want to extend our heartfelt thanks to everyone who has participated in our campaigns and those who are eagerly planning to join us on Preon’s growth trajectory. Your support means the world to us, and everyone in our community is a winner!
But wait, there’s more! The end of the Zealy quest campaigns marks an exciting milestone: the announcement of our grand finale…
Preon: Launching Today!
Drumroll, please! After months of relentless building, rigorous testing, and strategic planning, Preon is finally ready to launch. Yes, you heard it right! Today, on the 7th of August, 2023, Preon will make its debut in the DeFi universe, and we couldn’t be more thrilled!
The Era of the Ecosystem is here.
During the initial phase of the launch, you’ll be able to open a Collateralized Debt Position and borrow the $STAR stablecoin against your collateral at an attractive zero percent interest rate. But that’s not all. We’re also introducing the option to use BPTs as collateral, expanding the possibilities for our users.
Preon doesn’t stop there. We’re taking your collateral to the next level by making it yield-bearing. By incorporating elements of yield farming and unique tokenomics, we’re creating a truly rewarding experience for our users. And that’s not all — $STAR can be deposited in a single-sided Stability Pool on Dyson, allowing you to potentially earn auto-compounded yield. Talk about maximizing your returns!
But wait, there’s even more! Preon opens up a plethora of yield farming opportunities, including exciting partnerships with industry leaders such as Chronos. Stay tuned for more details on this front as we approach the launch time for Phase Two. Trust us, you won’t want to miss it!
That’s a wrap for this week’s Sphere Weekly Report. We hope you enjoyed our witty and engaging updates. Remember to mark your calendars for the Preon launch tomorrow, and get ready to embark on an exciting journey into the world of decentralized finance.
We leave you with one final post from our very own, the amazing and ever-talented Price Time!
To stay up to date on all the latest Sphere Ecosystem news, follow our Medium, and join our community Discord Server!
Until next time, stay curious and keep exploring the Sphere Ecosystem. Together, we’re shaping the future of DeFi!
Yours in innovation,
Sphere Finance
