$30M TVL, Paris, Coinbase Base, LP %%% and more!
Hello Friday — yum yum. If you know what that references, I’m sorry for you — and if you don’t, then don’t go looking, you will regret your existence.
I’ll put some links on where to LP towards the end, because there’s serious APY to be had through RTokens.
The team have been away at Stable Summit and ETHcc, so not much official but we do have updates!
- Memory lane
- Paris x 2
- iUSD
- Coinbase Base
- TVL
- LPing
- AOB
- Useful links
Memory lane
2 years ago…
RPay had support available over the weekend — I think at that stage some payments had to go through an agent for approval.
1 year ago…
Well I was away but did a quick update on the release schedule of RSR — around 27Bn RSR was unlocked over a period of time. Some analysis showed that of all those release about 5Bn got sold.
Paris x 2
We’ll start with Stable Summit
This amused me
Some updates from Sinatra :
Sneaky preview of the NEW BRANDING!
And some Alpha from Nevin
iUSD
Yes! Another RToken — which has 10 *ten* assets and splits revenue as follows:
Some initial info from iUSD:
With 10 assets, it’s really diversified — this could be a contender for the savings dollar in the app?
Great to see more diversity — hopefully they’ll get a zap for minting — looking forward to seeing it in LP pools.
You can check out the details on Register here :
Coinbase Base
What? Base? Based? Coinbase’s L2, which promises low tx fees and dApps build on Optimism — I think this will bring the link from the real world in — bit like Moby on their own L1 with 0.25c tx fees, but this is available to all — guess stablecoins will be fairly popular.
So? Well.. I’ve had a little dig around GitHub and found this :
Programming the Protocol for Base.. some more…
Nice — hopefully it won’t be too long before testing on Base — then we get to create RTokens on Base — can’t wait — I really think this will be the catalyst for much more TVL because sending on chain will become financially viable. Plus you’ll be able to mint and LP for pennies — assuming our friends at Curve will be doing something.
TVL
This week we hit $30M TVL in the Protocol — great news.
As you can see, ETH+ and hyUSD have been getting some decent mints recently.
And we’re now at more than 2Bn RSR staked.
We also have the Auxo vote to allocate treasury to ETH+
Which will be finished Monday and is looking like passing.
LPing
How do you LP? Liquidity providing? Why? Because there’s great APY to be had — look :
So — first up mint some RTokens — you can do this on Register.app
Turn on zaps and just key in your amount. You can use any collateral — the zap will find the best way to transact to get your RToken.
Head to Curve and find the pool for your RToken
https://curve.fi/#/ethereum/pools/factory-crypto-252/deposit
Just deposit — we’ll use convex to stake. So once you’ve got your curve LP tokens, head to convex
https://www.convexfinance.com/stake
Deposit and stake — and you’re getting about 21% vAPR! And no Luna ponzi issue either.
The Yearn vault for ETH+ saves on gas.
Good stuff, eh?
AOB
Akshat has released Unispark
It’s way over my head but it looks nice.
Could we see some Glo dollar and Reserve integration?
New infographic from RSR Staking Yields
Nice thread from Cliff here
And a nice in-depth Medium article from Sergio Soto — check it out!
Useful Links
Moby might be back in action :
And there you go! Thanks for reading and onwards and upwards.
