Bi-Weekly Update: July 1st — 14th
Hello Tulip Farmers 🚜! Welcome back to the Bi-Weekly Update! In the past two weeks, we’ve seen some great progress. Here’s a quick recap of what we’ve been up to:
Events
- Launched Tulip Farmers’ Fund
- Solana Summer Camp Grant
- Amulet Protocol Partnership
Development Progress
- Chart History & Stop Loss Integration
- Rust SDK
Tulip Farmers’ Fund
We’re excited to announce the launch of the Tulip Farmers’ Fund! This fund is designed to assist builders and the overarching Solana community who are looking to build new projects within the Tulip Ecosystem. For more information, please check out our blog post:
Solana Summer Camp Grant
If you are following us on Twitter, you should already know that we announced a $10,000 grant for #SolanaSummerCamp Hackathon. We’re looking for creative applications that show off the unique capabilities of Tulip and Solana. We’re super excited to see what you build!
Amulet Protocol Partnership
We were thrilled to announce our partnership with Amulet Protocol! This partnership will allow us to offer comprehensive security solutions for our users. Amulet is a decentralized insurance platform designed for Rust-based ecosystems, starting with @solana
Amulet has designed an innovative and open insurance model to address common #DeFi insurance challenges and create a paradigm shift for the whole sector. Amulet is creating the industry’s 1st Protocol-Controlled Underwriting (PCU) approach to combat fleeting capital. Amulet will build its own underwriting capabilities and introduce multiple layers of claims buffers to safeguard staked capital while providing claim payouts.
Their vision is to offer simple, reliable insurance for everyone in #Web3, with the enjoyed elements of #DeFi
With Amulet, users in the entire #Rustbased ecosystem will gain access to a new way to hedge various risks with our insurance product offerings.
Chart History & Stop loss integration
A new feature in Lending, that allows users to see the APY history of an asset. Users can now easily track how an asset yield has performed in the past, up to 30 days. This transparency will help to improve the overall experience for our users. To access this chart you simply go to the asset in “Lending” and click the chart icon next to the asset name, as shown below.
We are also near the end of the Stop Loss integration, this feature will allow users to set a Stop-Loss price for their Leveraged Yield Farming positions. When the stop is triggered, the position will be automatically closed and the user will be notified. This feature we believe is essential for risk management and we are confident that it will be a valuable addition to our platform. Stay tuned as we finish this feature and we look forward to bringing it to you soon!
Rust SDK
Our developers have been hard at work, and we have started working on a Rust SDK for leverage. In addition to our new features, the Rust SDK will enable more robust and performant applications. You can find our current available SDKs here.
Thank you again, Tulip Community for being a part of the journey. Stay tuned, as we have a series of significant updates and announcements scheduled.
Happy Farmin’ 🌷
