Bi-Weekly Recap — May. 30th to Jun.10th
Published in
Jun 14, 2022
Dear Community,
In the past few weeks, we have processed the payouts for UST de-peg policyholders, as well as the compensations for USDC providers. As usual, biweekly report comes again with our progress shown in two categories:
- Marketing and business growth.
- Product development.
Marketing and business growth
In the past two weeks, we have processed the payouts for UST policyholders as well as the compensation for USDC providers.
In addition, we have launched a new coverage pool for FRAX de-pegging. Deposits are currently open and earning will start next week.
Reserve is currently earning around 55% APR with 19% APR USDC earning and 36% APR TIDAL earning. The current activated plans include a total coverage of $844,909.
Product development
- USDC and TIDAL reimbursement for USDC providers.
- New coverage pool launched for FRAX de-peg.
- Staking reward extended for June.
