Let’s follow Tetu’s progress in the last week
Tetu weekly AMA
The co-founder belbix held the weekly AMA, in which some interesting subjects were discussed, such as thoughts on an expansion to the Ethereum network, dxTETU and the rewards cycle and the updating of some contracts.
Deactivation of TETU-USDC Sushi LP
TETU-USDC LP has been disabled and incentives from that vault will now go to TETU-MATIC Sushi LP, so TETU now has two LP vaults, TETU-USDC on Quickswap and TETU-MATIC on Sushi.
TETU Listed on CoinMarketCap
Almost 3 months after Tetu’s official launch on August 3rd Tetu is now also listed on CoinMarketCap one of the most classic sites in the entire Crypto industry. You can access Tetu page on CMC here.
dxTETU APR
Now dxTETU gains are much clearer and more precise with their detailed description in both APY and APR, just drag your mouse over the dxTETU vault APR number.
Assets overview
Now the skillful architects of Tetuan structures have implemented a board in which the user can have an overview of all assets deposited in Tetu platform and rewards to be received. Pretty cool.
Stats page improvement
Tetuan data masters also worked hard on the Stats page this week, let’s check what has changed.
- TVL at work chart is loading fast with the whole Tetu history.
- Vaults Stats now shows strategy earned Tetu instead of Tetu buyback. This definition is more accurate, as before all 90% of buyback was distributed to xTETU holders and with the proposal to build a protocol LP position using part of the buybacks, the TETU buyback rate remains at 67.5% for each harvest function (plus 22.5% USDC buyback, Total 90% of rewards used to buyback 67.5% TETU and 22.5% USDC) of which 45% is distributed to xTETU holders and 22.5% are paired with the rest that is purchased in USDC (total 45% Buyback LP Protocol owned position) to gradually increase the Tetu protocol LP position with each harvest function.
- Protocol owned liquidity is already running can be checked on FundKeeper LP Balance. You can see that the LP position held by Tetu is currently made up of 55K TETU and $400. Very cool.
Reward Cycle
We are still in the 3rd Reward Cycle, you can follow it in detail here.
That was last week’s progress, see you soon.
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