In the rapidly evolving landscape of decentralized finance (DeFi), Tetu has embarked on a transformative journey since its inception two years ago. What started as a simple yield farming initiative has evolved into a dynamic and adaptable team capable of delivering intricate solutions. Today, we’re excited to share our strategic update, which underscores Tetu’s growth and future direction.
Consolidating Our Focus
Over the past year, we’ve experimented with a variety of products, each with its own degree of success. However, it’s now time to define Tetu’s core identity and establish clear milestones. We’ve made the strategic decision to concentrate our efforts on two primary products:
- Tetu V2: Advanced Strategies for Concentrated Liquidity Farming
- Sacra: Our Fully On-Chain Game
While these two products remain at the forefront of our roadmap, the future of our additional offerings will be reconsidered.
Sunsetting Tetu V1: Basic Yield Strategies
Tetu V1, which provided basic yield strategies, will be gradually phased out for several reasons:
- Suboptimal revenue generation
- Rapidly changing market conditions, which make it challenging to recoup development costs through performance fees
- Intense competition
By the end of the year, we will disable all Tetu V1 vaults and cease their auto-compounding functionality. A dedicated announcement will follow this process.
tetuBAL/xtetuBAL/Balancer Pools: A Core Revenue Source
Our tetuBAL/xtetuBAL/Balancer Pools have become a primary revenue source. We will continue to support and enhance this product by improving liquidity and profitability for users. However, any Balancer-related products will no longer be launched under the Tetu brand. We will try to find a way to utilize our boost power, but given the current circumstances, we do not see good opportunities to build them under the Tetu brand. This Product will be supported by tetu as long as its viable and then passed on to a different team to keep the product alive and working as intended under a different brand
tetuQI: A Fruitful Partnership
Regarding tetuQI, QiDAO is an important partner, and we were glad to help them in the past years. However, we no longer have excess resources to support this product. We will talk with the QiDAO team about an airdrop in some form of their LP tokens to tetuQI users.
tetuMESH: End of Life
tetuMESH has reached the end of its lifecycle and will be deprecated.
Charting the Future
Our primary focus will now shift towards enhancing Tetu V2 and advancing the development of Sacra. We firmly believe that Tetu V2 will continue to generate sustainable profits without requiring additional incentives from our end. After careful consideration, we have concluded that focusing on concentrated liquidity farming offers the best return on investment over the long term.
Sacra, our foray into the gaming sector, not only represents an alternative revenue stream but also adds a layer of diversification to our portfolio. Profits generated from the game will be under Tetu’s control and distributed to veTETU holders, mirroring the distribution methods of our other income streams.
In this ever-evolving DeFi landscape, Tetu is poised to thrive by focusing on its strengths and delivering sustainable value to its community. We look forward to this exciting phase of our journey, and we appreciate your continued support as we continue to evolve and adapt to the dynamic DeFi ecosystem.
