Bi-Weekly Recap — Feb. 21st to Mar. 4th

Dear Community,

In the past two weeks, we have added the depegging policy and added “UST depegging coverage pool”. As usual, biweekly report comes again with our progress shown in 2 categories:

1. Marketing and business growth.
2. Product development.

Marketing and business growth

In the past two weeks, we have activated UST’s depegging coverage pool, with end users’ coverage portal scheduled to be deployed this week. Users can pay USDC to get covered. For more details about depegging policy please check out the cover policy section — section II, De-pegging.

Reserve is currently at 684,787 USDC earning around 71% APR with 30% APR USDC earning and 41% APR TIDAL earning. The current activated plans include a total coverage of 3.4 million.

Product development

• Deployed UST depegging coverage pool.
• Fixed the issue in the “insured wallets”, to support terra wallet format and metamask format all together.