sometimes a dev prev coinbase, cofounder frame (acquired), head of protocol abstract
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my suggestion would be not lock your whole stack in 1 s-bill, maybe split it out so you get different APRs on them
watch the rate, its fun
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dyor, nfa, byob, hodl
now theres susr, set ur staking rate
S-Bill contracts have completed audits and will launch tomorrow.
S-Bills are a new form of non-dilutive staking, here is how they work:
1. The APR is set by a variable rate Dutch auction. The APR slowly rises when deposits are low and drops proportionally when deposits are made.
2. Your rate is locked at entry. Whatever rate the auction shows when you deposit is your premium for the full term (minus some slippage depending on deposit size). It does not change if the rate moves after you.
3. The vault accepts deposits until it reaches the capacity it can pay premiums on. That's the timing game, wait longer for a potentially higher yield, or deposit early to unlock sooner and make sure you're under the cap.
4. Depositors can also claim their STANDARD before the maturity date but they forfeit their premium and pay a rising exit fee (similar to branch exits) that are distributed to people still staked.
5. The initial term length is two weeks. Following a successful launch, there will be more tranches deployed.
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past 2 weeks have been good
next 2 weeks gonna make you forget about these past 2 weeks
Two Week Launch Recap.
- More than 15% of the circulating supply has been burned.
- The protocol has bought back $750,000 USD worth of STANDARD and remains well capitalized.
- The protocol owns 99% of its liquidity and maintains the deepest liquidity on Robinhood Chain by a wide margin.
- Every branch auction has sold out well above floor price.
- Charter auctions are now live, with an average clearing price above 4 ETH.
- Two protocol updates have been deployed following security reviews.
- This week, the Reserve will introduce a new form of liquid staking.
- Stock Liquidity Reserve pilot is imminent.
The Reserve is just getting started.
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someone dm'd me that i had unclaimed eth on multiple L2 withdrawal contracts
assumed this was a scam, but had opus 5.5 double check, turns out everything was true
just withdrew 16k from dead L2 bridges and gonna send him a fat tip
theres still good ppl in crypto
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2 proposals i want to make
1. limit orders for branches. branches are selling out extremely fast and will add limit orders so ppl dont have to be terminally online to acquire a branch
it would be an open onchain orderbook where your order sits and would execute a branch buy once the dutch auction hits the specified price (keeper run, so it is fcfs best attempt)
2. begin charter auctions. so far, there have been 18 charters burned and an immense interest from people wanting to purchase a charter. we want to grow the standard reserve but do it in a deliberate way
to keep dilution manageable, we will begin with 1 charter per auction at the same cadence as the branch auctions. to offset dilution of the charter auctions, we will be decreasing total branches per auction to 40
we will monitor the data closely and make changes if necessary
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