OpenLeverage retweeted
Have been waiting for this. Now, we are excited to announce that our new product will be fully integrated with Uniswap v4, leveraging Hooks to create a unique experience.
Dev will be busy testing this week with help from the @Uniswap team and external security advisors.
OpenLeverage retweeted
🔥 New Listings in the Onchain Wallet 🔥
$AXLUSDC, $OLE, $ANDY
Listed on BLAST
Explore the Onchain Wallet 👉 defi.onelink.me/MFZQ/160d10a…
We've submitted our LayerZero RFP for OpenLeverage!
Our proposal includes a distribution plan for 1835 users, including those who bridged OLEv2, hold xOLE, and OLEv2 holders as of May 1st.
It’s subject to approval by the LayerZero community.
RFP: commonwealth.im/layerzero/di…
Rewards distribution for 31/32 epochs, as well as LP unlock for the xOLE vault, will be handled along with the coming OLE/D1 tokenomics restructuring.
Borrow rates for all markets are now set to 2000% annualized. Please close your margin trade or borrow positions before the enforced liquidation.
Please withdraw funds from lending pools if you haven't.
We’ve enabled fund withdrawals for the lenders. All margin trades and borrow positions are required to close manually before the borrowing rate hike to 2000% annualized from Monday.
Trading and borrowing have been disabled.
[Important Update]
We’re committed to ensuring the safety and security of your funds. Following the recent exploit, we’re working closely with our security partners to evaluate the most secure procedures for fund withdrawals. To achieve this, we need a bit more time.
We anticipate re-enabling withdrawals before April 19th. Rest assured, all user funds are safe, and losses will be fully covered by our protocol insurance.
[Important Update]
- The recent exploit caused a loss of ~220k on BNB Chain & ~40k on Arbitrum.
- Thankfully, our in-protocol insurance, OLE buyback fund, and protocol reserves will cover all protocol losses.
- So, NO user funds will be lost.
🔒 All protocol actions remain paused until withdrawal processes start about early next week.
Your support & patience mean the world to us. Stay tuned for updates.
OpenLeverage protocol is paused; the investigation is underway. Accumulated insurance and buyback funds should be able to cover the loss.
D1 is NOT affected.
More details to be shared soon.
OpenLeverage retweeted
🌟 Huge news for sOLE holders! Your OLE/ETH LP powers D1 & @ThrusterFi.
Excited to announce that sOLE holders exclusively get 100% of Blast Points, Blast Gold redistributed from Thruster & Thruster credits!
Boost your ride on #D1 with sOLE 🚀 -> districtone.io/sole
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OpenLeverage retweeted
#D1 received 340,306 Gold, ranking 6th in all dApps on @Blast_L2 in distribution 1!
Thanks for the support from all #D1 community members. 100% of Blast Gold we received will be redistributed to D1 users based on gems collected (subject to recalibration in epoch 1).
OpenLeverage retweeted
🚀20 days since #DistrictOne launched on @Blast_L2 :
🌟 40,823 users
✅ 3,685 sOLE holders
🏠 739 spaces created
Thank you, #D1 community, for being part of this! More to come.💥
OpenLeverage retweeted
D1's revamp is set to launch soon after this weekend's/early next week's Blast Gold delivery, as announced in yesterday's Pacman AMA!
With the release, we will implement significant enhancements, gems recalibration and start @Blast_L2 Gold redistribution to D1 users.