Bi-Weekly Recap — Oct. 17th to Oct. 28th

In the past few weeks, the individual user purchase portal for Synthetix went live, providing Synthetix users a safety option while earning yield. As usual, biweekly report comes again with progress shown in two categories:

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

Marketing and business growth

In the past week, Synthetix coverage portal was deployed, users can get protected at a low rate of 0.05% on a weekly basis.

In addition, the TIDAL staking pool reward was extended for November.

Reserve is currently earning around 28% APR with 10% APR USDC earning and 18% APR TIDAL earning. The current activated plans include a total coverage of 0.45 million.

Product development

• Deployed Synthetix’s user coverage portal
• Completed weekly incentives for USDC reserve pool.
• Staking reward extended for November.