Nereus Community, Yesterday, the AVAX/USDC Joe LP NXUSD market was exploited, resulting in the creation of $500k NXUSD bad debt in the NXUSD protocol. At approximately 10:30PM UTC on September 6th, the Nereus team notified the community of an incident through the community discord; this was later picked up by…

Minting September 22nd. Shape Shifters is the first native cross-chain NFT minting on Ethereum. Nereus is the first project to use the new DeBridge DeNFT standard. The DeNFT standard allows users to leverage the DeBridge cross-chain bridge to natively burn and remint the same NFT on a different chain. This…

Today we are happy to announce the launch of the new WXT locking module available at Nereus. Lock 1: 3 Month WXT v2 Lock Lock 2: 6 Month WXT v2 Lock Available via: https://app.nereus.finance/#/manageWXT How does the new v2 lock work? The 3 Month and 6 Month v2 lock pools…

Today we are happy to announce the launch of the new WXT locking module available at Nereus. Lock 1: 3 Month WXT v2 Lock Lock 2: 6 Month WXT v2 Lock Available via: https://app.nereus.finance/#/manageWXT How does the new v2 lock work? The 3 Month and 6 Month v2 lock pools…

NXUSD Update & NXUSD Earn Module It’s been a great couple weeks for NXUSD — we saw the launch of NXUSD natively by our strategic partner Wirex in the Wirex App — opening the opportunity for over 5M users to spend NXUSD at over 80M merchants. …

WXT Market Within the next 24 hours, the Nereus Team will add WXT on Nereus Liquidity Markets. WXT will be added only as a deposit asset and will not be borrowable or used as collateral at this time. WXT Incentive Reallocation With the addition of WXT, the WXT Incentive Reward allocation will be updated to incentivize deposit of WXT. Given reduced utilization of the early-claim feature of WXT rewards the Nereus Team believes it is important to allocate some reward emissions toward liquid WXT as the team develops an updated locking mechanism. The team will release more details about the updated locking mechanism in the next few weeks.