Nereus Finance Unveiled: A Look Back and the Thrilling Path Ahead!
🌟 Hello Nereus Community!
As we approach the end of an incredible year, let’s take a moment to reflect on our achievements and look forward to the exciting future ahead. This year marked our pivotal transition from two existing products to a new, exciting direction in derivatives trading platforms.
📊 Reflecting on Strategic Shifts and Product Achievements:
- L/B’s Remarkable Success: Our L/B protocol achieved remarkable success, firmly establishing itself as a leading force in the DeFi space. At its peak, it ranked among the Top 3 DeFi protocols on Avalanche, boasting a Total Value Locked (TVL) of approximately $74 million USD. We are proud of this milestone and are motivated for new developments and pivotal moments in our journey
- NXUSD’s Impressive Growth: The NXUSD stablecoin, a cornerstone of our ecosystem, reached a significant milestone with a total supply of about $19 million. This achievement underscores our commitment to providing a stable and reliable currency in the volatile world of cryptocurrency.
- Generous Rewards Distribution: In our efforts to reward and incentivize our users, Nereus Finance distributed approximately 1,000,000,000 WXT and 400,000 NXUSD as rewards. This substantial distribution highlights our dedication to user benefits and community engagement.
⏰ Reminder: Make the most of your rewards, for WXT Lock (v1, v2), Stake v1, and both LP Stake (v1) ending on December 26th!
🚀 What’s New and What to Expect:
For the past few months, the Nereus team has been silent, but we haven’t been idle; we’ve been preparing for significant changes. Nereus has achieved outstanding results even though not everything went as planned. After analyzing our successes and mistakes, market conditions, various niches, our current position, and weighing the pros and cons, we’ve arrived at an unexpected but inspiring decision to pivot Nereus towards derivative trading.
And this isn’t just talk or distant plans — by the end of January-February, you’ll be able to explore the mainnet beta of our new product: the Nereus derivative trading platform. Additionally, in January, we’ll present a new vision for Nereus products, which will define our future direction. Supported by a new whitepaper and roadmap, it will provide you with a comprehensive understanding of our new direction and answers to your questions.
Now, a few spoilers — get ready for the new Nereus derivative trading platform.
We aim to give you access to cutting-edge features and innovations, such as:
- - Enhanced Trading Experience: Dive into a world of cryptocurrency, forex, and commodity derivatives with our user-friendly platform. We’ve redefined the derivatives market with our cutting-edge Ethereum and Polygon ZK technology, offering a seamless, gasless trading experience.
- - Real World Assets (RWA) Integration: We’re bringing real-world assets on-chain! This is a game-changer for the DeFi ecosystem, expanding opportunities and making markets more inclusive and efficient.
- - Visionary Roadmap: Our Nereus Vision whitepaper lays out our foundational principles and exciting future plans. Key pillars include permissionless derivatives trading, on-chain RWA, and efficient price oracles.
- - Decentralized Derivatives Growth: In the wake of industry shifts, we’re focusing on long-term growth in decentralized derivatives, enhancing user experience, and regulatory compliance.
- - NXUSD Stablecoin Development: Our commitment continues with the NXUSD stablecoin, especially with innovative yield-generating collateral types based on RWA.
🌟 Stay Tuned: Exciting developments are on the horizon.
We’re constantly innovating to provide you with the best trading experience.
Congratulations on the upcoming holidays, and we invite you to start this exciting adventure with Nereus in January!
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Warm regards,
Nereus team
