The Vault Keeper Program has officially begun! 🥳
🔩 Earn Bolts and get rewarded for using and promoting the Open Dollar protocol
Register today and be the first to share your referral link with your friends - they get a welcome bonus and you get 10% of all the Bolts they earn!
We’ve announced our first airdrop of the ODG token, with over 70,000+ eligible addresses!
Check our governance page to see if you've made the list:
As we prepare to activate the DAO, we are opening up a call for delegates. If you or someone you know
🚀 Airdrop Alert!
Open Dollar is gearing up for its Arbitrum mainnet launch with a 300k token airdrop to its community.
Could you be among the recipients? Check out our the article:
@open_dollar
@arbitrum
@tallyxyz
#airdrop
1/4 🌐 We're thrilled to launch our exclusive NFT campaign in collaboration with
@Galxe
&
@guildxyz
🤝
Get ready to mint your very own limited edition “OD OG” NFT! 🌟
What is Open Dollar?
📺 We’ve created a shareable, 1-minute explainer video to introduce all the highlights for newcomers to the Open Dollar protocol.
Let us know what you think!
1️⃣/🔟 🔍 Let’s take a deep dive into $rETH,
@Rocket_Pool
’s LST and one of our first accepted collateral types.
1️⃣ $rETH thread intro
2️⃣ What is Rocket Pool?
3️⃣ History
4️⃣ Why they’re popular
5️⃣ How it works
6️⃣ Features
7️⃣ DAO
8️⃣ Stats
9️⃣ Conclusion
🔟 Special
🦸♂️ Are you a DeFi enthusiast with content creation skills and a growing following?
Open Dollar’s Ambassador Program is now live and accepting a limited number of applicants!
📖 Read more:
Open Dollar’s Non-Fungible Vaults (NFVs) are the first tradable loans and a new primitive in DeFi.
Why is this a big deal? Our latest article explains:
Presenting: "OD Community Lift-Off ✈️"
A
@Galxe
campaign series for connecting on our socials, trying our testnet app, & engaging in our community 👋
🌐 Born to Soar: Our vision is a world of freedom and financial access for all.
@open_dollar
is making it happen.
🧵👇 1/6
1️⃣🎙️ DeFi hour is back, with a brand new episode featuring
@metastreetxyz
!
We’ll be joined by Metastreet’s COO & Co-Founder
@_ConorMoore
to learn about NFTfi, yield stacking, and applications beyond JPEGs 🖼️
🗓️ Thursday, February 8th at 4 PM EST
1️⃣/🔟 Open Dollar Mainnet Launch!
Open Dollar is live on mainnet, and with it, we’ve brought the first tradable loans to DeFi 🥳
For what’s new, and what we’ve planned for our first users, see our blog announcement:
Let's recap Open Dollar's features🔎
Heading to
@EthereumDenver
?
These 10 essential items can make a dramatic difference in your comfort during this marathon of a conference in the high-altitude, cold climate of Colorado 🏔️
👨💻 As we prepare for mainnet, we’ve begun our 2nd audit with leading auditing firm
@Quantstamp
Quantstamp has performed over 700 audits, trusted by over 250 clients including
@MakerDAO
,
@solana
, &
@opensea
.
🛡️ Now they’re helping ensure the security of the Open Dollar protocol!
An insightful chat on the
@ChainLeak
#podcast
between
@JoshRoomsburg
& our founder
@CupOJoseph
👉 What is the biggest difference between
#DeFi
lending & traditional lending?
👉 How does Open Dollar make DeFi lending better?
Check out the episode:
🤔 What is “Ungovernance” & why is it important to talk about within
#DeFi
?
Decentralization & control - hotly debated ideas in the area of DAO design.
🧵👇 1/5
What is Open Dollar?
Open Dollar is a lending protocol built on the
@arbitrum
L2!
Our mission is to unlock the value of Liquid Staking Tokens and enhance their liquidity through $OD 🪙
🧵👇 1/6
The rewards for our open security audit with
@code4rena
have just been announced!
Congrats to everyone who participated and helped us secure the future of Open Dollar. We're proud to be paying out $35,000 in prizes to many hard working auditors. 🔒🛡️
🤔 How is
#DeFi
doing right now & what does the future look like?
Our founder
@CupOJoseph
joins industry leaders to discuss "The Future of DeFi" in
@Benzinga
's space tomorrow - November 2 📆
📻 Tune in: *12 pm EDT* for an insightful discussion 💡
“We’re not building this for ourselves, we’re building it for the community.”
📺 Watch the full interview here 👇
🪛 Check out & contribute to our Github here👇
🔐 NFVs & their impact on CDPs 💰
CDPs (Collateralized Debt Positions) are used in
#DeFi
to allow for borrowing against a user’s assets.
But there's always room for improvement.
Let's dive into
#NFVs
(Non-Fungible Vaults) & how they're changing the game.
1/6 🧵👇
“If there’s ever a time that they want to get out of the stablecoin, they always have a way to redeem the safety asset out of it.”
📺 Watch the full interview 👉
💪 Read this to understand why NFVs are powerful 👇
1️⃣/6️⃣ 🧵
🆕 Introducing the Earn page, featuring Camelot Nitro Pool incentives, powered by Gamma
For 2 months, you can earn additional rewards for LP’ing the OD/ETH pool!
🤔 The Open Dollar Litepaper is the perfect place to start. 💡
🌐 Open Dollar: A floating $1.00-pegged stablecoin on
@arbitrum
, backed by liquid staking tokens (LSTs) with NFT-controlled vaults (NFVs).
🧵👇 1/7
🌟 From stability to security - learn why DeFi needs overcollateralized stablecoins like Open Dollar.
Our latest blog article breaks down the advantages.
Check it out: ✨
$10,000 in 🚀
@Rocket_Pool
$rETH is still up for grabs in our testnet launch
@Galxe
campaign!
Don't miss your chance, there's only a few weeks left to enter ⬇️
📣 We’ve published a highly anticipated update to the Open Dollar Docs to include information on:
🗳️ Proposals & voting
⭐️ The ODG token
📈 ODG tokenomics
Check it out now!
🎙 Join us tomorrow for an AMA with our CEO
@CupOJoseph
& co-founders of
@letsgethai
&
@reflexerfinance
!
Join our Discord to get your questions in ahead of time:
🗓 Wed. 17th, 5 PM UTC
📣 Attention GRT Holders
Open Dollar is excited to bring new utility to all GRT holders
@graphprotocol
!
For the first time, GRT is integrated as a supported collateral type for loans and leverage
Leverage GRT and unlock access to DeFi without selling your tokens!
🧵👇
Open Dollar has crossed the $1M milestone in Total Value Locked! 🥳
Thank you to our amazing community and earliest mainnet users for helping us transform the DeFi industry 🌐
View our stats here:
Open Dollar founder,
@CupOJoseph
, took the main stage for a keynote on building stable currencies at ETH Tokyo today.
The energy in this room is incredible!
🎉 We've surpassed 4,000 holders for ODG!
It’s been an exciting month for Open Dollar since the release of our governance token, any guesses on how long until we reach 5,000?
You can currently borrow the OD stablecoin against Rocketpool's rETH for 1.75% APY, with no other fees.
And you keep earning 100% of the yield from your deposit.
Only on Open Dollar.
The first Open Dollar DAO proposal is now live on our governance page 🌐
If passed, this will raise the current debt ceiling from $0 to $10m, triggering the launch of the Open Dollar protocol!
Cast your vote and be a part of DeFi history 🗳️
⛓🔍 Audit Complete! ✅🥳
We’d like to give a huge thanks to
@Quantstamp
for their amazing & thorough work!
As well as recognize our talented dev team for writing some of the cleanest, best code they’ve seen yet!
🔜 Mainnet loading… standby.. ⏳
█████████████▒
Did you know when users deposit ARB tokens into the Open Dollar protocol, the voting power of those tokens is automatically delegated to the Open Dollar DAO?
In 24 hours the DAO already ranked 251 by weight🗳️
Check out the Tally page here:
Great news!
@OpenSea
now supports the Arb Sepolia network on their testnet marketplace, making it possible to view and trade Open Dollar testnet NFVs once again! 🖼️
Check out the NFVs here:
Announcing the Open Dollar Points Program Naming Contest! 🌠
We’re inviting YOU, our incredible community, to unleash your creativity and name our Open Dollar points program.
If we use the names you’ve suggested, and you’re the first to submit them, you’ll secure an Open
🌟 Breaking records and planting futures!
Congratulations to our sponsee
@JimiCohen
for setting a new
@GWR
by planting over 30,000 trees in 24 hours! 💪
We're proud to support his mission to make a brighter future for the planet 🌍
Let's all echo Jimi's call to action and
1/10 ⭐️ At Open Dollar, we are standing on the shoulders of giants.
Our stack is a curated blend of the finest & most effective components in
#DeFi
.
Check out each element in our stack and the strategic rationale for their use!
4️⃣/🔟 Arbitrum ($ARB)
@arbitrum
is the
#1
L2 of choice for DeFi, dwarfing the competition in TVL
Their outstanding team, technology, and commitment to decentralization is why we chose to not only build on Arb, but support their token as our only non-LST collateral at launch
Open Dollar's ODG airdrop announcement has just been featured on two more leading news publications!
A huge thank you to
@CoinDesk
&
@YahooFinance
for covering us 🤝
Check out the features below:
Introducing the new Open Dollar Governance Dune Dashboard! 📊
Thanks to
@whale_hunter_
you can now easily track the ODG market cap, holder count, circulating supply, liquidity, & more
Dive into detailed charts for a comprehensive view of ODG's stats
1/3 Selecting
@tallyxyz
as our partner was a decision made with our community in mind.
Tally's user-friendly interface, robust security, and shared passion for decentralized governance made them the ideal choice.
The DAO proposal for raising the debt ceiling has passed, with 100% majority support
As this proposal is executed, the debt ceiling will be raised from 0 to 10m OD, the first vaults can be created, & the Open Dollar protocol can go live!
Are you ready?
Big news!📰
We've submitted a proposal to the
@arbitrum
DAO for a new feature for $ARB-backed stablecoins built by Open Dollar to improve treasury and grant efficiency.
This will allow the treasury to retain the upside of ARB appreciation, dispense grants with near-zero
🤔 Yet to claim your ODG airdrop?
🏦 All unclaimed ODG goes to the DAO treasury at the end of the claim period on April 17th
Check your eligibility now and let your friends know!
1️⃣ And that’s a wrap! Thank you to our partner and ETH Denver host
@BufficornV
for another incredible event! 🎉
We've built invaluable connections with the top DeFi projects, web3 leaders, funds & more
Symbiosis. The act of two things working together, completely in sync.
Users + The Protocol
That is the goal of the OD Bolt campaign.
Now, that might sound esoteric, so let us explain.
🧵👇
📢 There’s still time to step up or nominate your choice for Open Dollar delegates.
Visit our Tally page today and make your voice heard in shaping our DAO's future.
🔗
Our CEO
@CupOJoseph
has once again been featured in the media for his take on innovation (or the lack thereof!) in web3, by one of our favorite crypto publications
@Blockworks_
! 👏👏
5️⃣/🔟 Non-Fungible Vaults
NFVs are a new primitive in
#DeFi
& a unique feature of our protocol
Vaults are represented as NFTs, making vaults distinct, liquid & tradable
NFVs give users more freedom, flexibility, & unlocks a number of new possibilities:
Congratulations
@Arbitrum
! 🎉
Being the first L2 to surpass $150B in swap volume is a testament to the scalability and efficiency of the platform.
Open Dollar is proud to be built on Arbitrum, powering the next wave of decentralized innovation! 🚀
Join us this Thursday at 3 PM UTC as we explore the ideal DAO governance mechanics with our CEO
@CupOJoseph
and
@AragonProject
, an industry leader in DAO software 🌐
Don't miss it!
Does creating different decision-making flows for various types of resolutions benefit your DAO? We'll dive into DAO mechanics this Thursday with
@open_dollar
.
Set a reminder here:
9️⃣/🔟 Chainlink
@chainlink
is the champion of decentralized oracles, with over $10.5T in transaction value enabled by their price feeds
Their world-class, reliable data feeds & stellar developer support are why Chainlink powers many of the blockchain products users know & love
🎙 Join us tomorrow for an AMA with our CEO
@CupOJoseph
& co-founders of
@letsgethai
&
@reflexerfinance
!
Join our Discord to get your questions in ahead of time:
🗓 Wed. 17th, 5 PM UTC
The eligibility-check page is back up!
Remember, there's no need to even connect your wallet if you prefer, just paste your address and check.
Security is always our top concern. Only click official links from .
We are aware of an issue with users unable to check their eligibility for the airdrop on our page.
Please be patient as we work to resolve this, we will make an announcement once it is fixed.
What’s Open Dollar?
@open_dollar
is a friendly fork of
@letsgethai
which is a fork of RAI
It differs from RAI in a few key ways:
The PI controller is designed to target it's initial price of $1, and to be less volatile than RAI's
1/
Did you know the Open Dollar protocol delegates all ARB tokens deposited in the protocol to our DAO? This helps align our values long term.
When Arbitrum DAO succeeds, we succeed.
We're already ranked 126th largest delegate on Arbitrum right now.🏅
Liquity V2 (an upcoming decentralized stablecoin) codebase is live so we can share this: their CDP uses the same Non-Fungible Vault design as Open Dollar.
That means Liquity V2 and Open Dollar vaults could each be traded as NFTs. 👀
The Liquity V2 codebase is now public! 🚨 📣
This opens the doors for developers to build on top of V2, and redefines the future of borrowing in DeFi
A 🧵 on the endgame for borrowing 👇
3️⃣/🔟 Lido ETH ($wstETH)
Lido is the market-leading
@ethereum
liquid staking solution with a staggering 9.33m ETH staked across 411,239 stakers
More users trust
@LidoFinance
with their staked ETH than any other protocol!
📣 Attention Open Dollar Community 📣
For the first time since emerging from stealth mode, we're outlining the road ahead. 🛣️
🎖️ As well as highlighting some big milestones.
Here’s a brief recap of our progress & a glimpse at what's next 👇
🧵 1/9
Thanks to our Quadratic Force, a 50,000 $USDGLO matching pool is available to fund amazing public goods projects.
Meet these public goods champs!
Let's recognize the heroes who are making the Web3 Galaxy a better place ⬇
📸 The snapshot results are in!
Vaults
#2
, 6, 11, 12, 13, 14, 18, 21, 26, 28, 29, 30, 31, 35, 36, 37, 38, & 40 will be designated as Genesis Vaults 🌟
Traits will be implemented in the coming weeks, stay tuned for the reveal! 🪄💫
6️⃣/🔟 Open Dollar Stablecoin (OD)
OD is designed to be the most flexible & robust decentralized stablecoin ⚖️
Over-collateralized, transparent, & backed by token deposits, you can redeem OD for not only your deposits, but also for those of others
Are you attending ETH Denver? Be sure to stop by the Open Dollar booth!
We’ll be giving away Open Dollar NFVs containing $500 of $rETH & $wstETH to two lucky visitors
To enter, simply scan the QR code on our tabletop flyers 📰
We���ll look forward to seeing you!
Despite volatile market conditions, wstETH and rETH have both held their peg well with rETH still trading at a slight premium this morning.
Good job
@Rocket_Pool
🚀
🏦 A huge thank you to our DAO partner
@tallyxyz
for their generous donation of 25K Arbitrum tokens, sent directly to our Treasury!
These funds will fuel initiatives to expand Open Dollar right from the start 📈
You can see the $ARB in the Open Dollar Treasury for yourself
Join our CEO,
@CupOJoseph
, on a Community Call with
@Rocket_Pool
on their Discord, hosted by
@drjasper_eth
!
Now that we’re live on mainnet, it’s time to formally introduce Open Dollar to our good friends in the Rocket Pool community 🤝🚀🌊
📅 Tuesday, May 14th at 16:00 UTC
We
Yesterday our very first airdrop made headlines, from
@dao_times
to
@CoinMarketCap
& even
@CoinDesk
!
Now that the news outlets have had their turn, we’re putting it on our blog as well so nobody misses their opportunity to claim their ODG.
Our latest blog explores the most popular LSTs on the
@Arbitrum
network: wstETH, rETH, and cbETH.
Discover their unique characteristics, why so many use them, and their impressive stats!
@Rocket_Pool
@ethereum
3️⃣/🔟 History 📆
Rocket Pool was founded by David Rugendyke, designed with the Mauve Paper released by
@VitalikButerin
back in 2016.
While the original idea was to simply be a node, the alpha prototype was launched in 2017, and mainnet was launched in 2021.
🎙️ In 30 minutes, our CEO
@CupOJoseph
will join
@JimiCohen
on the MAX IMPACT X Spaces! 🌳
Don't miss their discussion on sustainability, DeFi, and the future of green finance 🌍
Tune in live! 💚
8️⃣/🔟 Tally: Governance Made Simple
Over 500+ DAOs put their trust in
@tallyxyz
with over $10B in assets managed, Tally is second to none 🏦
Tally's user-friendly interface, robust security, and shared passion for decentralized governance made them our ideal choice ✅
The incredible notification service
@daylight
notified 2032 qualifying users of ODG airdrop eligibility and drove 156 claims, a 7.67% conversion rate.
This has boosted ODG claims by about 10% since yesterday
7️⃣/🔟 Integration: Camelot
Camelot DEX is one of the most popular & trusted Arbitrum-native exchanges, and home to our first listings of ODG and OD
@CamelotDEX
’s innovative approach to liquidity and incentives helps ensure smooth, reliable trading and stable liquidity pools 🌊
🤔 How does
@open_dollar
ensure borrowing is done safely? “Our token is always fully over-collateralized”
📺 Watch the full interview with
@JoshRoomsburg
👉
📖 Dig into OD’s collateralization design in this article 👇
Starting the week with a new audit report, this one is for
@open_dollar
. 3 day audit with 3 security researchers. The dev team was very happy and said they are impressed. Good luck to Open Dollar with their new deployment🫡
Read report below👇
🛡️ Our Ungovernance model prevents drastic changes, ensuring user protection & protocol integrity.
Humans can be unpredictable, but DeFi protocols shouldn’t be.
Learn more about the benefits of Ungovernance our blog:
🔟/🔟 Our Backers
Last but not least, Open Dollar would like to thank our stellar roster of backers for their unwavering support and legendary expertise
,
@Lemniscap
,
@mojombo
,
@BufficornV
,
@TheLAOOfficial
, Lionschain Capital &
Join us this Thursday at 3 PM UTC as we explore the ideal DAO governance mechanics with our CEO
@CupOJoseph
and
@AragonProject
, an industry leader in DAO software 🌐
Don't miss it!