Oct 19, 2022
Bi-Weekly Recap — Oct. 3rd to Oct.14th
Dear Community,
In the past few weeks, the individual user purchase portal for Compound went live, providing Compound users a safety option while earning yield. In addition, the Synthetix coverage pool has been live for deposit. 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, Compound coverage portal was deployed, users can get protected at a low rate of 0.05% on a weekly basis.
Synthetix 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 27% APR with 9% APR USDC earning and 18% APR TIDAL earning. The current activated plans include a total coverage of 0.4 million.
Product development
- Deployed Compound’s user coverage portal
- Completed weekly incentives for USDC reserve pool.
- Synthetix coverage pool is open for deposit
