This is a recap of Risk Harbor’s first community call on June 12th, 2021.
Risk Harbor will be launching full-on mainnet on Tuesday, June 22, 2021!
We have refreshed the Risk Harbor protection pools. Below are parameters of the new pools.
Pool Name: yearn Curve.fi yDAI/yUSDC/yUSDT/yTUSD protected with Compound USDC
Protected token: yearn Curve.fi yDAI/yUSDC/yUSDT/yTUSD ( yyDAI+yUSDC+yUSDT+yTUSD)
Underwriting token: Compound USDC (cUSDC)
Payout ratio: 58.823 cUSDC per 1 yearn Curve.fi yDAI/yUSDC/yUSDT/yTUSD
Staking rewards: 35k Risk Harbor tickets
Expiration: June 20th
Pool Name: Matic Pool Together USDT tickets protected with Aave Matic USDC
Protected token: Matic Pool Together USDT (PT USDT)
Underwriting token: Aave Matic USDC (amUSDC)
Default ratio: PT USDT losses 50% of it’s redeemability back into USDT
Payout ratio: 1 amUSDC per 1 PT USDT
Staking rewards: 25k Risk Harbor tickets
Expiration: June 20th
Matic isn’t supported by default so you need to manually add it. Instructions for adding the network can be found here: https://docs.matic.network/docs/develop/metamask/config-matic/
What is a bridge?: Bridges allow users to move funds between different chains.
Today we’re excited to announce that the Risk Harbor PoolTogether USDT protection pool is now supported on Polygon (formerly Matic Network).
With the Polygon integration, Risk Harbor users can now purchase protection for their yield farming on Polygon. This also means that users with already productive tokens like Aave Matic USDC (amUSDC) can maximize their yield by underwriting protection on Risk Harbor. Since Polygon’s gas prices are negligible, users can now perform all of these operations without having to worry about gas fees.
Risk Harbor is launching the first mainnet protection pool that is now in private beta for whitelisted users only. This pool will protect Yearn Curve.fi yDAI/yUSDC/yUSDT/yTUSD deposits and will be underwritten with cUSDC. Risk Harbor will also be distributing 80,000 tickets that will later be redeemable for a certain amount of Risk Harbor tokens, in the next 30 days through a staking contract for this specific pool. Underwriters can deposit their underwriter tokens into the staking contract to earn rewards.
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