Feb 12
A Display of Innovation & Flexibility
The Olympus Post, Vol. XXXI: February 12th, 2023
Olympians!
Welcome to another edition of our newsletter, where we keep you updated on the latest developments on Mt. Olympus; where we see what’s going on behind the scenes at Zeus Finance.
This last month or so, the crypto market showed some positive signs, and the team here has been actively building, creating, seeking out new partnerships, and focusing on marketing while bulls briefly show their face. Our goal is to constantly refine our business model, delivering value to both protocols and users alike. We know that the future of the market will slim the herd, so to say, and we have no expectations of being in that part of the herd. To ensure that we are on the winning side, we have to refine our business model to move with the climate, while still maintaining a connection to our original model and investor expectations.
Innovation and flexibility is key to staying relevant. Truly, we need to increase our power in both categories. We know this.
In this volume, we will be taking a closer look at this specific aspect of Zeus Finance, delving into what we have been up to and what Olympians can look forward to in the immediate future.
Cryptocurrency is a rapidly evolving field, and we believe that it holds immense potential for the future of finance. As always, we strive to stay ahead of the curve and be at the forefront of this exciting industry. So let’s take a look at what the team has been up to, making sure we stay on track towards ascending wealth with our Olympians.
Where We Have Been:
Here on Mt. Olympus, we’ve been hard at work over the past few weeks, making major advancements in the development of our upcoming products. Our focus has been on refining and perfecting the user experience, ensuring that our offerings deliver the highest level of value and utility to our community.
In addition to our product development efforts, we’ve also been actively engaging in internal discussions around the future of decentralized finance and the role that Zeus Finance will play in shaping this exciting new landscape. Our team is dedicated to driving progress and fostering innovation in DeFi, and we believe that our combination of cutting-edge infrastructural innovation, DeFi expertise, and a commitment to user-centric design will set us apart and position us for long-term success.
We don’t want to be a typical DeFi protocol.
It’s important to stand out from the herd. At Zeus Finance, we believe that being different is what sets us apart and drives success. We are doing everything in our power to ensure that our protocol is not just another sheep in the herd, but a valuable and unique addition to the DeFi landscape. So, let’s see what’s been going on the last few weeks.
1st, there has been some waiting, which has not been ideal. The waiting is coming from delays in the Non-KYC Fiat On/Off Ramp being integrated with RBX. It was originally slated to be released on February 3rd, but due to some complications, it has been delayed until further notice. We do not have any power regarding this and we are purely waiting on RBX to fix any issues on their end. They are foreseeing another week or two until launch.
Though, please note, RBX has finished with product development and are now working on security enhancements and risk mitigation for liquidity providers. This includes a mechanism that will filter out bots, spam accounts, and bad faith actors. Their main priority is to provide a secure and user-friendly utility for all of our Olympians. We truly apologize for any inconvenience this delay may have caused and appreciate your understanding as both RBX and Zeus Finance work to bring you the best possible experience for on and off boarding fiat without a CEX or any KYC platform.
Any updates that we receive, we will let you all know about.
2nd, we have been mainly finalizing our own products and ensuring testing is complete. This includes governance, memberships, the new dApp design, all in addition to the new lottery.
As of now, everything is slated for release on time. Governance and memberships are still slated for release this quarter, with the new lottery system slated to release by the end of this month.
Where We Are:
So, the focus of this edition is about innovation and flexibility. Let me remind you, at Zeus Finance we understand the importance of innovation and continuous improvement in the rapidly-evolving DeFi market. When I say rapidly-evolving, I truly mean it. This space moves quicker than any other industry, and that’s why we’ve been working hard to refine our internal processes to free up more time for the exploration and development of cutting-edge solutions.
Our team is dedicated to driving progress and staying ahead of the curve in decentralized finance, and we recognize that this requires a commitment to continuous improvement and an open-minded approach to new ideas, and thats where the concept of flexibility comes into play. To that end, we’ve been rethinking the way we work, streamlining processes, and prioritizing collaboration and communication.
By freeing up more time for our team to meet and brainstorm, we’re setting the stage for even more innovative and impactful developments in the future. Our goal is to foster a culture of creativity, collaboration, and continuous improvement, and we believe that this approach will pay dividends in the form of better products, better user experiences, and a stronger position in the DeFi market.
At Zeus Finance, we’re dedicated to making a difference in the world of DeFi. By refining our internal processes and creating more time for innovation, we’re setting ourselves up for long-term success and laying the foundation for a more dynamic and accessible future of finance. We are really thinking of the future, here.
Even though we are flexible, it doesn’t mean that we aren’t staying on track towards achieving our goals. In fact, everything we do is to drive the success of the protocol closer to its goal. Let’s jump in.
Marketing: Morpheus has been diving deep into Twitter and how their algorithms play out, and yet again, they decided to switch things up. Luckily, based on his discoveries, he is able to constantly pivot the way he goes about his marketing strategy. With this in mind, it doesn’t mean that the content creating has scaled back. We have actually began writing even more content, and plan on releasing some more educational content through Medium that can help promote our protocol. We plan on being thought leaders, and education through content and marketing is the prime way forward for achieving that.
So, look out for out Twitter and Medium updates and make sure you share all the content we post! You guys spreading the word is still the best form of marketing and onboarding new Olympians.
Utility & New Products: As many of you know, our governance and membership releases are on the horizon. They are both complete and the governance has been tested. The front-end design is still in the works, and once complete, will be able to be officially launched. Regarding memberships, we are in testing and making sure that it works efficiently. Once governance and memberships are slated for an exact release, we will be releasing articles outlining the details of the products so that you all understand their mechanisms and their importance to the protocol.
Regarding the lottery, I will share more about the new version later on, but just note that it is also finished and now in testing. We found a few bugs during the initial testing phase but Kronos is currently on it and finalizing the build now.
Overall, everything is going well and we are impressed with how quickly the dev team was able to develop out some of our products. Just a bit more patience as things are being polished up before official release dates are confirmed.
dApp Redesign: The dApp is also being finished up, with some bugs also being worked through before finalizing the governance page and implementing the back-end to get it all working efficiently and coherently.
Instead of telling you details about it, I know that a picture speaks a thousand words. So, check out a sneak peek of the new dashboard; it’s directly in line with the webpage — a seamless transition!
Node Transition: I’ll be direct and brief about this. As announced in the last Olympus Post, we should be transitioning into Phase 1 following the release of the Non-KYC On/Off Ramp. Due to its delay, we will be delaying the transition to Phase 1 accordingly.
Our team has been working extremely hard to ensure a smooth transition into Phase 1 and we are confident that it will all be worth the wait. Nodes will be emitting $USDC & $ZEUS and then eventually just $USDC…very much so worth the wait.
Expect to be updated on the progress of the transition.
Where We Are Going:
In the fast-paced world of DeFi, one thing is certain — change is inevitable. At Zeus Finance, we understand that not only being innovative, but also remaining flexible and ready to adapt is key to success in this dynamic market. But being innovation and adapting to change isn’t enough — we believe that true success in DeFi requires a commitment to ethical practice, collaboration, and transparency.
Our team is dedicated to building a DeFi protocol that not only remains nimble and responsive to market conditions, but also operates with the highest degree of integrity and accountability. We understand that trust is the foundation upon which any successful decentralized marketplace must be built, and that’s why we’re making it our mission to foster a culture of collaboration and transparency.
By prioritizing ethical practices, collaboration, and transparency, we are not only setting ourselves apart from the competition, but we’re also helping to shape the future of DeFi in a positive and impactful way. In a marketplace that is constantly evolving, it’s more important than ever to have a clear and unwavering commitment to ethical principles.
But, outside of just creating an ethical marketplace, we are also a DeFi suite at heart. That means we create DeFi products and services to serve our Olympians.
And, one of those products is our Olympus Lottery!
**Alpha: I can’t say this isn’t something you guys don’t already know about…but it’s still special to us and we are hyped that it’s changing into something a bit more legitimate. So, just know that we’re excited to announce the launch of The Olympus Lottery, a brand new revamped version of our lottery system! It’s a product that combines the excitement of a lottery with the innovation of DeFi. Designed to function like a traditional lottery, not just a random raffle, The Olympus Lottery gives users the chance to win big while also participating in the growth of the Zeus Finance protocol, and therefore, the growth of an ethical marketplace.
At its core, The Olympus Lottery is simple — select five numbers and match them to win. But don’t let its simplicity fool you — The Olympus Lottery is built on top of the blockchain, making it secure, transparent, and accessible to anyone with an internet connection and some USDC in their wallet.
So, how exactly does it work? Every other week, a new drawing is held and five winning numbers are selected. If your numbers match the winning numbers, you win a share of the prize pool which is funded by the ticket sales generated by Zeus Finance.
Here are some more details — Winner(s) get X percent of the lottery pool while Zeus Finance gets Y percent of the lottery pool. The ticket numbers have to match the same numbers as the winning numbers (the order does not matter). Numbers also cannot be repeated, which means that numbers on a ticket cannot be 1–1–10–9–7, for example. If there is no winner upon closing the lottery, all existing tickets will be cleared and the lottery will be opened back up for new tickets. The prize pool keeps growing until there is a winner. As popularity increases, we will move it to a monthly drawing.
Now, best of all, because The Olympus Lottery is built on the blockchain, you can rest assured that the results are transparent, fair, and tamper-proof. There’s no need to trust a centralized authority to manage the draw — everything is automated and secure.
We’re thrilled to bring The Olympus Lottery to not only Olympians, but to the entire DeFi community. We can’t wait to see what the future holds with this, hopefully a ton of people come and test their luck!
With The Olympus Lottery, the possibilities are endless — so why not give it a try and see if you can win big?
Launch is looking like February 14th, 2023. Get lucky.
“A pile of rocks ceases to be a rock pile when somebody contemplates it with the idea of a cathedral in mind.” — Antoine de Saint-Exupéry
