๐ช๐ฒ๐น๐ฐ๐ผ๐บ๐ฒ ๐๐ผ ๐๐ต๐ฒ ๐๐ผ๐ฟ๐น๐ฑ, $๐จ๐ฆ๐๐
Weโre excited to announce the arrival of $USDE alongside our decentralized lending platform.
๐ Read the launch announcement:
Everything to know about the launch ๐งต๐
@smallcappick
Right, LSDFi is one of the narratives that offers alt-coins with huge growth potential,
@smallcappick
!
Even though we donโt have a token (yet), youโd be interested in how we innovate and improve the LSDFi space. At
@Ethereum_ERD
we offer low-interest rates, high capital
๐จ ๐๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐จ
@Ethereum_ERD
's Alpha Gold Event has officially begun!
Weโre back with our final event before mainnet launch -- ERD Alpha Gold. Top scorers will compete for the Alpha Gold role.
Event details ๐งต
1/12 ๐ Introducing
@Ethereum_ERD
, a lending protocol bringing a new level of efficiency and decentralization to the DeFi space. Our mission? To create a truly decentralized and capital-efficient stablecoin protocol.
1/ ๐งต Analysis on eUSD: A deep dive into one of the largest protocols in the LSDfi space,
@LybraFinanceLSD
's eUSD. Let's explore its features, strengths, weaknesses, and how ERD improves upon it.
1/ ๐Today, we continue our series comparing
@Ethereum_ERD
to other stablecoins and lending protocols.
Analysis on TrueUSD (
@tusdio
): An overview of this prominent stablecoin. We'll cover its inception, mechanics, strengths, weaknesses, and how ERD aims to improve upon it.
1/10 ๐งต Today, we're diving into the world of
@LiquityProtocol
, a decentralized lending protocol in the DeFi space. We'll explore what Liquity is, its operations, market size, how it works, its strengths, weaknesses, and how
@Ethereum_ERD
improves upon it. Let's get started! ๐๐
๐จ ๐๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐จ
Our testnet event part 2 has officially begun!
This will be the last event before our mainnet launch โ which means itโs the last chance to earn the โOGโ title and all the benefits it brings.
Event details ๐
๐ Today's the day! Are you ready, Anon?
๐จ TESTNET INCOMING ๐จ
๐ Event:
@Ethereum_ERD
Testnet Launch
๐ Date: June 12, 2023
โฐ Time: 14:00 UTC
๐ Location:
More details coming! Rewards for EVERYONE who RTs๐tags the crew๐joins DC in next 48 hours. โจ
Entering our final week of the Alpha Gold event. Here are the protocol stats:
๐นTVL: 105k+ ETH
๐น$USDE Minted: 61M
๐นTransactions: 5,000+
Thanks to all of our early participants! Keep it up ๐ฅ
The
@Ethereum_ERD
team's putting together a killer mainnet launch in a few weeks.
๐ชAirdrops? ๐Leaderboard campaigns? ๐Listings? Collabs with your favorite ๐งต threaders?
Everything's on the table...๐คซ
Get the inside scoop in our DC:
โ๐ ๐ถ๐ป๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฒ๐โ ๐๐น๐ถ๐ป๐ฑ ๐ ๐ถ๐ป๐ถ๐ป๐ด ๐๐๐ฒ๐ป๐
To encourage early adoption, ERD will launch the first Season of its blind mining campaign, โMine the Reserves,โ from December 7 - 19.
Read more:
๐งต ๐
๐งต The evolution of
@Ethereum_ERD
's v2 protocol:
1/ ๐ Diversification is the foundation of intelligent investing. By spreading risk across a basket of assets, investor portfolios can achieve greater stability and resilience.
We're applying this principle in our v2 protocol.
๐ค: ๐ช๐ต๐ฎ๐'๐ ๐๐ต๐ฒ ๐ถ๐ป๐๐ฝ๐ถ๐ฟ๐ฎ๐๐ถ๐ผ๐ป ๐ฏ๐ฒ๐ต๐ถ๐ป๐ฑ ๐๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐?
๐: Inspiration came from a few different places. ๐งต
What Alpha? Join ERD on Galxe!
@Ethereum_ERD
's Alpha event is LIVE on
@Galxe
.
Get started:
๐นERD on Galxe:
๐นComplete tasks. Earn OAT NFTs.
๐นVerify NFTs in DC:
๐นGet Alpha role.
It's really that easy. ๐ฅ
Can't stop. Won't stop.
"The project is still in an early stage but the fundamentals looks promising.
The LSDs narrative is one of the hottest right now and
@Ethereum_ERD
โs innovations might be game-changing for this sector"
Appreciate the support
@Donnie100x
๐
140 ETH in TVL and counting. IYKYK.
Thereโs a project that is merging scalability with decentralization while leveraging on the growing potentials of LSDs on Ethereum
With the introduction of USDE - a native stablecoin
A dive into
@Ethereum_ERD
๐๐ผ
In the first 24 hours of ERD's launch, the protocol hit the following milestones:
๐นTVL: 140 ETH
๐นUSDE minted: 153k
๐นStability Pool: 50k USDE
A sincerest thank you for all of your support. This is just the beginning.
Find real-time protocol data:
Centralized stablecoins are the largest threat to crypto.
Stables form blockchain's single largest real-world application atm.
Imagine the consequences of a USDT failure. Perhaps it's the moment that Tether's audits leak and show the treasury doesn't hold nearly as many
0/16 ๐งต Today, we're diving into the world of LSDfi, a segment of DeFi that builds upon Liquid Staking Derivatives (LSDs). We'll explore what LSDfi is, why it's important, its market size, key players, and how ERD fits into this landscape. Let's get started! ๐๐
Success is where opportunity meets preparation.
Learn how and why
@Ethereum_ERD
helps your assets go further.
Follow us. Join our DC. Read our Docs. Links in bio.
The next cycle is coming. Opportunity is coming. Will you be prepared?
The crypto market is subjected to frequent and constant price volatility but stablecoins help protect your funds from that and help keep them intact.
But depegging as an issue is taking us back to the flaw they were made to solve.
How will this be corrected? A ๐งต๐๐พ
A summary of everything that happened at
@Ethereum_ERD
last week:
1. Launched testnet
2. Increased testnet Quest frequency
3. Passed
@peckshield
audit
4. Registered for
#IVS2023
5. Featured on
@Bloomberg
,
@YahooFinance
Stay tuned for more updates coming soon! Links ๐
The
@Ethereum_ERD
protocol v1 has officially initiated its contract audit by our second audit agency,
@HalbornSecurity
.
We'll continue to update the community as the audit progresses. We anticipate to have initial feedback in ~4-6 weeks.
@Ethereum_ERD
is working with 3 audit agencies to review our code and ensure a secure UX for users.
We're excited to announce that we're working with
@HalbornSecurity
for our 2nd audit.
Audit results to be shared once finalized.
On Ethereum. By Ethereum. For Ethereum.
Weโre excited to announce the next development in Ethereum Reserve Dollarโs mainnet launch โ the creation of a USDE:USDC Liquidity Pool on
@CurveFinance
.
๐งต๐
USDT and USDC are unlikely to repeat a UST bust.
But they could.
It's more likely that they start imposing restrictions on who, what, where, when, and why users can interact with their stables.
That's the cost of centralization.
$USDE: A better stablecoin for a better future.
๐จ The collapse of USDT or USDC is possible at any time!
Be sure you know where your balance will remain safe and unchanged for centuries.
I have already found it for you, just let's explore this secret:๐งต๐
Uncomfortable truth:
Projects that launch a governance token from the beginning are cash grabs.
Build. Grow. Improve. Repeat.
Do this until you provide real value to real users, then consider token launch.
Any other way just doesnโt make sense.
[6/]
that's actually pretty bullish considering most protocols launch only to release 'incentivized' idos and tokens that would mostly benefit them
ERD also has plans to reduce exposure for single collateral price volatility - quite different from the traditional lp markets
Security threat discovered across DeFi protocols
Hello
@everyone
, there has been a vulnerability identified in a front-end connector associated with Ledger and commonly used by DeFi protocols. Users across SushiSwap and Revoke have already begun reporting hacked funds.
The
@Ethereum_ERD
team began development on ERD following the depegging of $USDC in March 2023.
Many of the team ran on-chain businesses and immediately recognized the need for a decentralized stablecoin free of centralized processes.
Thus, Ethereum Reserve Dollar was born.
Our CMO recently joined the team at
@HalbornSecurity
for a 1-on-1 AMA discussing
@Ethereum_ERD
.
Watch the video to learn:
๐นWhat makes ERD different
๐นHow ERD keeps user assets secure
๐นERD's upcoming plans to bring $USDE to real world economies
๐นAnd so much more...
Learn more about
@Ethereum_ERD
in this flash videoโก๏ธ with Steve Hopkins and
@ArabdhaSudhir
as we discuss:
๐ ERD's vision and mission
โฉ their product roadmap
๐ ERD's
#security
strategy, why they chose to partner with Halborn & more!
๐บ:
Additionally, a minimum collateral ratio of 110% sets a natural price ceiling, preventing the USDE price from rising too high.
If USDE price gets too high, borrowers can open new loans, increasing supply and stabilizing the price.
Thanks for the read-through on
@Ethereum_ERD
๐
When USDE's price drops below USD 1, arbitrageurs can profit by redeeming USDE for collateral, like Ether, at face value.
This process burns the redeemed USDE, reducing its supply and helping to stabilize the price.
Our third and final audit by
@Quantstamp
has finished.
Why 3 audits?
๐นSecurity
๐นSecurity
๐นSecurity
There's been too many scams, hacks and rugs. Crypto needs better. We need better.
@Ethereum_ERD
is doing our part. Sometimes, it really is that simple.
@Ethereum_ERD
protocol v1 has officially passed its security assessment by
@quantstamp
๐
We've worked with 3 cybersecurity companies to ensure a secure UX for users โ and Quantstamp has officially completed our third and final assessment.
๐งต๐
Translation:
@Ethereum_ERD
Stablecoin lending project based on LST assets.
Highlights: Establish an index-type stablecoin system based on a variety of mortgage assets. The supporting assets include LSD, WBTC, LINK, and UNI; protocol fees include one-time borrowing fees,
Thanks for the love,
@I_am_patrimonio
!
"HOW IS ERD DIFFERENT FROM OTHER STABLECOINS?"
๐นFully decentralized
๐นCapital-efficient
๐นVariable interest rates
๐นDiverse collateral support
๐นRobust liquidation mechanism
Well said ๐ฅ
On Ethereum. By Ethereum. For Ethereum.
Lending protocols are protocols that allow users to borrow and lend cryptocurrencies using smart contracts and liquidity pools.
Introducing to you an innovative decentralized lending protocol due to launch on Dec. 6
@Ethereum_ERD
.
Read to the end.
A ๐งต
๐งต Each Monday, we release a summary of the progress made at
@Ethereum_ERD
over the past week, covering operations, marketing, and tech development.
This update will cover the previous two weeks.
ERD Project Update: 10/30-11/12, 2023 ๐
HNY to all the dreamers, believers, and buidlers out there.
For ERD, 2023 brought our launch. 2024 will see our expansion.
Here's to 2024 -- and with it, a new year of opportunities to build towards a better tomorrow.
Enjoy the night, Anon. It's back to buidling tomorrow.
What are the main benefits of
@Ethereum_ERD
?
๐นLow interest rates
๐นLow minimum collateral ratio
๐นDirect redemptions
๐นDecentralized
๐นSupport for wide range of collaterals
Read more here ๐
"The aim is to use the principles of diversification to create a more secure stablecoin backed by LSDs, a basket of DeFi tokens, and modern financial theory."
Modern problems require modern solutions. Choose $USDE for a more secure stablecoin.
Thanks for the shoutout,
@0xBispo
!
Learn about Decentralized stablecoins:
โข Maintaining Peg to Underlying Asset
โข Collateralization Risks
โข Liquidity Issues
โข Regulatory Uncertainty
I have a free solution to share with you
Read this ๐งต to find out
@Ethereum_ERD
Curious what the uses of our protocol are?
๐นTreasury Management
๐นPortfolio Hedging
๐นInterest Income
๐นLiquidation Income
๐นPrice Arbitrage
Experience it for yourself at .
Main use cases of $USDE:
1. Treasury Management: Users can choose to borrow USDE by using LSDs and other assets as collateral.
2. Interest Income: USDE serves as a stabilizing pool for liquidation rewards.
Are you ready for the event of the year, Anon?
@Ethereum_ERD
mainnet coming first week of December. Hop on or get left behind.
On Ethereum. By Ethereum. For Ethereum.
The
@Ethereum_ERD
team's putting together a killer mainnet launch in a few weeks.
๐ชAirdrops? ๐Leaderboard campaigns? ๐Listings? Collabs with your favorite ๐งต threaders?
Everything's on the table...๐คซ
Get the inside scoop in our DC:
The
@Ethereum_ERD
testnet event is LIVE!
๐ Dates: June 12 - July 24, 2023
โฐ Time: 14:00 UTC
๐ Location:
๐ Questboard:
๐ Read more:
Rewards for 5 lucky Anons who RT๐tag crew๐join DC in next 72 hours.
$USDE uses both hard and soft mechanisms to maintain parity.
Hard peg:
๐นInstant redemptions
๐นRedemption fees
Soft peg:
๐ธSchelling point drives parity
๐ธPrice ceiling mutes speculation
๐ธStability Pool serves as final guarantor
Learn more ๐
We won't forget. We CAN'T forget.
๐น As bags pump, it's easy to forget the role that stablecoins play during the bear market.
๐น As new investors enter, it's easy to forget that true adoption comes from institutions and corporations that need an on-chain medium of exchange.
๐น
๐จ๐ฆ๐๐ ๐๐น๐ถ๐ป๐ฑ ๐ ๐ถ๐ป๐ถ๐ป๐ด ๐ฆ๐ฒ๐ฎ๐๐ผ๐ป ๐ญ ๐ต๐ฎ๐ ๐ฒ๐ป๐ฑ๐ฒ๐ฑ
Season 1 of our โMine the Reservesโ campaign has ended. A snapshot of protocol activity and 'Community Reserves Hub' points has been taken and noted for later consideration.
๐งต ๐
โ๐ ๐ถ๐ป๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฒ๐โ ๐๐น๐ถ๐ป๐ฑ ๐ ๐ถ๐ป๐ถ๐ป๐ด ๐๐๐ฒ๐ป๐
To encourage early adoption, ERD will launch the first Season of its blind mining campaign, โMine the Reserves,โ from December 7 - 19.
Read more:
๐งต ๐
๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐ ๐๐ฝ๐ฑ๐ฎ๐๐ฒ
The ledger connector update has been released and proven secure. We have restored access to our front-end.
Users can now access the
@Ethereum_ERD
decentralized lending protocol normally.
Security threat discovered across DeFi protocols
Hello
@everyone
, there has been a vulnerability identified in a front-end connector associated with Ledger and commonly used by DeFi protocols. Users across SushiSwap and Revoke have already begun reporting hacked funds.
๐ T-minus 48 hours! We're two days away from the
@Ethereum_ERD
testnet event. Get in early and experience for yourself the future of DeFi!
3 people who RT this will be chosen at random for an extra bonus. Must be in our DC.
Stables have shown their real world application more than any other blockchain adaptation, bar none.
It's important we get this right. ~130b+ market cap is at stake.
We already have centralized currencies and payment solutions. It's time we work towards something better.
Stablecoins are one of the pillars of DeFi, boasting a market capitalization of $128.38b.
However, in the quest to create decentralized-backed stables, millions of dollars have been lost.
To build upon this narrative, here is how ERD approaches this differently
๐งต
A little over a week into our Alpha Gold event. Here are the stats:
๐นTVL: 54k ETH
๐น$USDE Minted: 36M
๐นTransactions: 3,750+
Thanks to all of our early participants! Keep it up ๐ฅ
๐จ ๐๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐จ
@Ethereum_ERD
's Alpha Gold Event has officially begun!
Weโre back with our final event before mainnet launch -- ERD Alpha Gold. Top scorers will compete for the Alpha Gold role.
Event details ๐งต
'Why
@Ethereum_ERD
?'
๐ธMore secure protocol built on the resilience of diversified collateral types and fully decentralized processes.
๐ธNo governance token to focus on platform dev.
๐ธV1 coming in Dec. V2 in 2024.
Learn more ๐
Top 3 Leaderboard roles have been assigned.
The 3 participants that collected the most points were:
๐ฅ Soul Denvir
๐ฅ Aru
๐ฅ Hengker.tzy.gagaltampan
Points have been reset and the next snapshot will take place on 10/6 @ 12:00 GMT.
XP now claimable on Zealy. Congratulations!
๐ค: ๐ช๐ต๐ผ ๐ผ๐๐ป๐ ๐๐ต๐ฒ ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐ณ๐ฟ๐ผ๐บ
@Ethereum_ERD
?
๐: All protocol revenue belongs to the users. Income is generated through the following ways:
๐ธInterest income
๐ธOne-time borrowing fee
๐ธRedemption fee
Learn more ๐
They're all stable...until they're not.
We deserve better. We NEED better.
$USDE coming soon.
A true reserve asset on Ethereum. By Ethereum. For Ethereum.
Want some alpha, anon?
48 hours since
@Ethereum_ERD
launched testnet event. Already 10m in TVL and 1m in SP. And growing. ๐
We're offering the 'OG' role to anyone who joins the testnet and completes the tasks. OGs get exclusive benefits during mainnet launch and governance
Want an overview of the
@Ethereum_ERD
protocol and how we work? Curious what makes us stand out from the crowd of other LSDFi protocols out there?
Look no further than this amazing thread by
@Mars_DeFi
.
Appreciate the confidence! You're one of the real ones, ser ๐ฅ
๐จAre you searching for a distinctive LSTfi protocol that combines capital efficiency, price stability, and decentralization? Look no further than
@Ethereum_ERD
, which takes LSTfi to a whole new level.
Read this thread to discover how it's achieved.
โค๏ธ+ Rt to share with others.
๐งต Each Monday, we release a summary of the progress made at
@Ethereum_ERD
over the past week, covering operations, marketing, and tech development.
ERD Project Update: 9/25-10/1, 2023 ๐
eUSD from $LBR is the most popular LSD-backed stablecoin๐
But there are MAJOR issues with it.โ ๏ธ
How ERD solves those issues and offers you more capital efficiency๐
48 hours. 10 million. 1 million.
10m in TVL. 1m in Stability Pool.
Don't fade the future. Don't fade
@Ethereum_ERD
.
Check us out. It may just be the best decision you make ๐
How to borrow with
@Ethereum_ERD
?
๐นOpen Trove and mint USDE by depositing collateral above the 110% CR.
๐นMinimum Trove size of 2,000 USDE.
๐นTroves do not expire and can be closed via repayment at any time.
Learn more here ๐
๐ข ERD Alpha Gold event has ended ๐ข
Thank you to all our participants!
You stress-tested the
@Ethereum_ERD
protocol, with nearly 5,500 transactions, tens of millions of $USDE minted, thousands of Troves opened, and scores of new protocol functionality introduced.
๐งต๐
Ready to optimize your gains with
@Ethereum_ERD
? Here's how you can benefit:
๐น Secure loans with LSDs & top DeFi tokens
๐น Join the SP for liquidation rewards
๐น Trade 1 USDE for $1 worth of collateral
Start your journey with ERD today๐
Good intentions but dangerous precedent.
@Tether_to
acting as a central bank demonstrates the exact risk that blockchain's decentralization is supposed to prevent.
We have an opportunity to use this new technology to build a new world order. Take the red pill, Anon. It's time.
Following Investigations by Tether, OKX, and the U.S. Department of Justice, Tether Voluntarily Freezes 225M in Stolen USDT Linked to International Crime Syndicate
During
@Ethereum_ERD
's testnet, the protocol hit the following milestones:
๐นTxs: 5,343
๐นUnique testers: 314
๐น$USDE minted: 60m+
๐นTVL: 105k+ ETH
Mainnet coming Dec. '23.
Turn on notifications ๐ and join our DC to stay up-to-date on the latest announcements. Link in bio.
"ERD's unique appeal lies in its diversified collateral & stability, broad protocol operations, efficient capital utilization, & real-world adoption in high-inflation economies. It's a bold initiative powered by Ethereum"
On Ethereum. By Ethereum. For Ethereum. ๐ฅ
Let me introduce you to
@Ethereum_ERD
, a super cool decentralized lending protocol that's set to launch on December 6th. ๐
Rooted deeply within the Ethereum network, Ethereum Reserve Dollar
#ERD
emerges as a key player in the stablecoin space.
Read on! ๐งตโฌ๏ธ
Congratulations to each and every one of you who participated in ERD's testnet phase 1 event. We hope you enjoyed testing the decentralized lending platform that will kill Liquity!
While our Phase 1 testnet event has ended, there's more coming. Here's what you need to know ๐
We're tackling this limitation in our v2 protocol, which will support a broader basket of collaterals โ including blue chip DeFi tokens.
This will increase accessibility while lowering protocol risk by turning $USDE into a DeFi ecosystem index stablecoin.
v1 launching Dec. 6.
@Tether_to
@circle
@MakerDAO
@Ethereum_ERD
That's why most of these protocols only accept $ETH or LSTs as collateral.
The same goes for the leading decentralized stablecoin ($DAI), of which 95% of its collaterals are based on $ETH or LST.
[CONTRACT REDEPLOYMENT]
On June 26 at 16:00 UTC, we're redeploying the ERD testnet contract to address the following two identified bugs:
๐น Fix existing ERD Wrapper Collateral Token mechanism
๐นIncrease interest rate update frequency
Imagine a protocol with the following capabilities:
๐นFully decentralized processes
๐นThe best capital efficiency on the market
๐นDiversified collateral support
๐นStablecoin launching in high inflation economies
These are just some of ERDโs characteristics.
Join us now or be
We deserve better. We need better.
@Ethereum_ERD
: The decentralized lending platform built for the uncertainties of tomorrow.
On Ethereum. By Ethereum. For Ethereum.
In the past, stablecoins like AMPL, ESD, BAC all failed, causing major shocks in the crypto market.
Fast forward to March 2023 When another two leading stablecoins, USDC and DAI, depegged, leaving everyone wondering about the future of stablecoins.
A ..๐งต๐๐
Discover the
@Ethereum_ERD
difference:
๐น Borrow with ease, repay at your pace
๐น No fixed repayment schedule
๐น Leverage assets efficiently with low CR
Take control of your on-chain finances ๐
Security is priority
#1
for any stablecoin protocol.
We've been working with 3 audit agencies to review our code and ensure a safe and stable UX.
We're excited to announce that
@Ethereum_ERD
protocol v1 has officially passed its audit by
@peckshield
!
๐
Been hearing about
@Ethereum_ERD
but looking for a short list of what we bring to the table?
โ Lower CR
โ Variable interest rates
โ Broader collateral support
โ No CoI from governance token launch
โ Secure with 3 audits
โ โฆand so much more
๐๐ฎ๐๐ป๐ฐ๐ต ๐๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐
ERD provides a safer solution to the dominant centralized and semi-centralized stablecoins in the market, using instant redemptions to maintain price parity and a Stability Pool to secure loans.
Read more ๐
โ๐ ๐ถ๐ป๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฒ๐โ ๐๐น๐ถ๐ป๐ฑ ๐ ๐ถ๐ป๐ถ๐ป๐ด ๐๐๐ฒ๐ป๐
To encourage early adoption, ERD will launch the first Season of its blind mining campaign, โMine the Reserves,โ from December 7 - 19.
Read more:
๐งต ๐
๐งต Each Monday, we release a summary of the progress made at
@Ethereum_ERD
over the past week, covering operations, marketing, and tech development.
ERD Project Update: 11/13-19, 2023 ๐
๐จ Testnet v1.2 Concluded ๐จ
We've officially closed our Zealy Questboard and all pending Quests have been approved. Thanks to all our testers.
In the next 48 hours, we'll tally results and assign rewards. We'll announce once this has been finished.
Can't stop. Won't stop. ๐ฅ
Missed our thread on
@LybraFinanceLSD
?
Check out how
@Ethereum_ERD
solves eUSD's weaknesses, including:
๐นLimited Trading Attributes
๐นLow Actual Yield
๐นVolatile Pool Deployment
๐นCentralized Liquidation Mechanism
Read more ๐
1/ ๐งต Analysis on eUSD: A deep dive into one of the largest protocols in the LSDfi space,
@LybraFinanceLSD
's eUSD. Let's explore its features, strengths, weaknesses, and how ERD improves upon it.
#Stablecoins
have long been the Holy Grail of
#crypto
. Yet, achieving the perfect balance of capital efficiency, price stability, and
#decentralization
has proven to be a significant challenge.
Enter
@Ethereum_ERD
. On Ethereum, By Ethereum, For Ethereum.
How to get the most from your assets with
@Ethereum_ERD
1๏ธโฃ
๐
๐ Deposit collateral to mint $USDE
2๏ธโฃ
๐ Deposit to SP for rewards, OR
๐ Swap $USDE for $USDC on
@CurveFinance
Simple -- as it should be.
In the pursuit of generational wealth, many of us have forget the original purpose of cryptocurrencies -- ๐๐ฒ๐ฐ๐ฒ๐ป๐๐ฟ๐ฎ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป.
Most stablecoins are centralized; yet centralization is a risk that is hard to appreciate until an event happens. For proof, look no
Been hearing about us but looking for a short list of what we bring to the table?
โ Lower CR
โ Variable interest rates
โ Broader collateral support
โ No CoI from governance token launch
โ ...And so much more
@Karamata22
says it best ๐
Unlock the full potential of your portfolio with
@Ethereum_ERD
:
๐น Flexible borrowing against diverse assets
๐น Transparent, one-time borrowing fees
๐น Dynamic interest rates for optimal borrowing
Learn more in our Docs ๐
๐ค: ๐ช๐ต๐ฎ๐ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฏ๐ฒ๐ป๐ฒ๐ณ๐ถ๐๐ ๐ผ๐ณ ๐ฏ๐ฒ๐ถ๐ป๐ด ๐ฎ ๐ฆ๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐ฃ๐ฟ๐ผ๐๐ถ๐ฑ๐ฒ๐ฟ?
๐: Profit while securing the protocol
๐นEarn collateral from platform liquidations
๐นWithdrawable at any time
๐นDeposit with no minimum lockup duration
Learn more ๐
Why use the
@Ethereum_ERD
protocol?
๐นTreasury Management
๐นPortfolio Hedging
๐นInterest Income
๐นLiquidation Income
๐นPrice Arbitrage
Experience it for yourself at
๐ฃ We're postponing our mainnet launch until mid-Dec. '23.
We originally planned to launch mainnet in early November. However, due to the following factors, we've decided to postpone launch:
๐น Delays in
@Quantstamp
audit
๐น $USDE liquidity strategy
๐น Investment meetings
๐งต ๐
๐งต Each Monday, we release a summary of everything that happened at
@Ethereum_ERD
over the past week, covering operations, marketing, and tech development.
ERD Project Update: 9/4-10, 2023 ๐
A summary of everything that happened at
@Ethereum_ERD
last week, covering marketing, operations, and development ๐
On Ethereum. By Ethereum. For Ethereum.
"The protocol's system risk is reduced via diversification as the use of blue chip defi tokens as collateral is introduced. This also allows USDE to become the first DeFi ecosystem index-backed stablecoin."
...Bingo ๐ฏ
It's been a little over a year since "The Merge".
Ethereum's transition to PoS provided an opportunity to secure the network via staking.
What role does the game changer protocol
@Ethereum_ERD
play in the Ethereum ecosystem growth?
'ERD Alpha Gold Event: Invite-to-Earn' Campaign Live On Galxe
Grab your 'Anon' role to obtain up to two new OAT NFTs. Obtain the Anon role by inviting 5 friends into the ERD DC.
Remember: Collect 5 or more OATs during the event to gain bonus XP towards the Alpha Gold role.
๐งต Each Monday, we release a summary of the progress made at
@Ethereum_ERD
over the past week, covering operations, marketing, and tech development.
ERD Project Update: 10/16-22, 2023 ๐
๐น Reviewed Raft protocol hack to assess potential exposure to ERD protocol via overlapping logic. No initial risk identified; confirming with audit partners.
Get in on the alpha before it's too late, Anon.
Join
@Ethereum_ERD
as we discuss the past, present, and future development plans for the LSDFi platform of the future. Learn about our plans for $USDE stablecoin expansion.
๐ Sept. 13
๐ Twitter Spaces