Dec 28, 2022
Bi-Weekly Recap — Dec. 12th to Dec. 23rd
Dear Community,
Wish everyone a wonderful holiday season! In the past few weeks, the individual user purchase portal for GMX went live, providing GMX users a safety option while trading on the platform. Lido’s coverage pool was set up for deposit. Deposits will start to earn yield with USDC and TIDAL next week.
As usual, biweekly report comes again with progress shown in two categories:
- Marketing and business growth.
- Product development.
Marketing and business growth
In the past week, GMX coverage portal was deployed, users can get protected at a low rate of 0.06% on a weekly basis.
Lido’s coverage pool was also set up for deposit. Deposits will start to earn yield with USDC and TIDAL next week.
Reserve is currently earning around 22% APR with 13.5% APR USDC earning and 8.6% APR TIDAL earning. The current activated plans include a total coverage of 0.73 million.
Product development
- Deployed GMX user coverage portal
- Lido coverage pool is open for deposit
- Completed weekly incentives for USDC reserve pool
- Staking reward extended for December
