Vader Protocol was built to consolidate the best features of leading DeFi protocols in the fairest possible way — the only way to accumulate VADER was to burn VETH, which can only be obtained via burning ETH in a fixed emission daily auction.

It has an ambitious roadmap consisting of multiple DeFi primitives specially built to provide utility for the natively issued algorithmic stablecoin, USDV. Anchoring these products to USDV produces a flywheel effect that makes the entire ecosystem resilient over time.

Just approximately six months back, in May 2022, the algorithmic stablecoin model had its stress test moment back when the UST algorithmic stablecoin crashed. This severely impacted the viability of the entire protocol as USDV utilizes the same burn-to-mint mechanism. As a precautionary measure, the Vader team paused the burn-to-mint function on VADER-USDV and spent the next six months researching novel ways to re-architecture the algorithmic stablecoin, which sits at the heart of the entire ecosystem.

Unfortunately, upon rigorous research and discussions, the team found no notable breakthrough in the algorithmic stablecoin design that is capital efficient. Consequently, the team has decided to sunset Vader Protocol in the fairest way possible — by returning protocol-owned funds and team treasury to VADER and USDV holders.

As of this announcement, the team has done the following in preparation for a Merkledrop for all VADER and USDV holders.

Curve

• Break the LP and unwrap as USDC
• Snapshot existing staking shares
• Calculate USDV share proportional to remaining Curve LP

Uniswap V2

• Break the POL LP into ETH and VADER
• Calculate VADER share proportional to remaining LP
• Disable all mint/burn functions on VADER/USDV
• For bond purchasers who have not claimed their VADER:
  The amount of VADER each bond purchaser is entitled to will be calculated, and the pro-rated amount of ETH will be returned
• For users who have pre-committed ETH into Reserve Bond 1:
  Please submit an un-commit transaction and retrieve your ETH

Merkledrop

• Snapshot all existing VADER/xVADER and USDV holders’ Ethereum addresses. Do note that only addresses with at least 1 VADER or 1 USDV will be eligible for the merkledrop
• ETH from Uni V2 as well as whatever remains within the team treasury (USDC + ETH):
  Merkledrop to existing VADER and xVADER holders, excluding team tokens, ecosystem growth, and liquidity incentives’ addresses
• USDC unwrapped from Curve:
  Merkledrop to existing USDV holders

What you have to do as a VADER/xVADER/USDV holder:

• For all eligible VADER/xVADER and USDV holders, please visit the Web App to claim
• For any technical issues with regards to claiming, please visit the Vader Protocol Discord and post them in the <#vader> channel
• The webapp will be available for redemption until June 2023.

We would like to thank everyone for their support throughout this tough period.

Sharing the design inspirations and how the designs came to be.

The recent release of Vader’s rebrand was well received by the community and we’re glad the community loves the fresh new designs. It was months of collaborative effort developed with @JC10369 and his independent team.

The brand was redesigned to empower the community to get creative with Vader so everyone can tell their own story and create their own sense of identity. Take the various logo/assets and put them on your social displays, memes, shirts, stickers, and videos. Or spice it up with your own transformative version, create unique content, and help amplify Vader to the world. The stage is yours to own.

The full brand guide and all assets can be accessed and downloaded over at our docs.

Logomark

The logomark design is the opening of the rebrand, and it serves as the cornerstone of Vader’s visual identity. It tells the story of a unique entity in a DeFi multiverse, where space travelers (inVaders) explore different projects and protocols.

We began the design process by seeking inspiration — with the meaning of Vader as “father” and looking into categories that speak of authority and protection. The exploration led to the likes of military badges and aircraft, evolving designs into the wing-shaped logomark inspired by an iconic silhouette of the fighter jet F-117 Nighthawk as the base of the new logomark.

Not wanting to steer too far away from the original logo, we chose to retain the characteristic of the letter V for assertiveness and a bold look that speaks of Vader’s intended attributes.

Strokes were thickened towards the lower half of the mass to emphasize and center the weight, creating a look of balance and stability. The top of the V is intentionally flat to better associate the logo with the letter V as the initial of Vader. Eventually, the work landed itself with a new logomark that is sleek, fluent, direct, and aggressive — almost like it is capable of slicing through space, medium, and time.

Logotype

We believe the Vader community is by nature uniquely special with ideas that strive for forward-thinking excellence. This characteristic influenced how the logotype was formed with futuristic sci-fi typefaces where slits were incorporated as a consistent visual element in the letters to complement the new logomark. Each letter was also manually adjusted (kerned) to create “perceived” equal spacing, allowing for a more balanced-looking logotype.

Tokens

The Vader ecosystem comprises three tokens, the Vader token, the USDV token, and the X Vader token. Vader’s initial token designs were simple plays on the original logomark differentiated with slight modification, but most notably only by color. Therefore it was important that the new tokens have better distinction and representation of what each token is.

To visually enforce brand presence throughout the three official tokens, the team designed with three factors in mind: 1) using the Vader logomark as the centerpiece of the design within the family to accentuate their connections 2) differentiating with distinctive colors 3) implementing secondary style elements as an abstract representation of each token i.e. abstracted a contrail left by a rocket launch for VADER, a dollar sign for USDV, and had cast a letter X for XVADER.

The complex version is best presented at a larger scale, such as animation, where the circulatory and interlocking motion represents the burn-to-mint mechanism.

Each token comes in a simplified and complex design version. The simplified token design is the primary token design to be used for all official token symbols on websites, dApps, listings, and directories. Simplicity is important for iconic recognition and where designs are required to be definite and compact in small-scale applications. The complex token design is for secondary usage best presented for larger creative applications across marketing materials i.e. content creation and animations.

Visual Language

Based on the space exploration direction, more visual inspirations were gathered from sci-fi movies and gaming graphics which led to the discovery of the spectacular Art Deco from the roaring twenties — a time of innovation and personal expression, which is fitting of Vader’s wandering spirit.

The Art Deco aesthetic emphasized machine-age streamlining and geometry, infusing functional objects with artistic touches. This is adopted as Vader’s art style across graphic assets to create dynamic imagery with dramatic and bold perspectives with flat graphic treatments and simplicity in lines and shapes.

Colors play an important role in the overall look and feel too. The previous brand colors had a unique combination of pink and blue, that has grown to become part of the essence of Vader and its community. This combination was kept and developed into its new color system today with a primary and secondary palette.

The cyberpunk style pink was kept and tweaked the original light blue to Aqua blue, pairing an additional deeper Oxford Blue to complete the primary color system. Additional Ultramarine, Yellow, and Alice blue are introduced as the secondary color system as ascents in supporting usage.

Aside from Vader’s basic guidelines, there are no strict rules when it comes to creating additional graphic design and art. Creators have open licenses to develop beyond their imaginations.

Our latest newsletter delivers news about Vader, the ecosystem, and updates from developing teams.

Development Update

GM inVaders. Events in DeFi over the last two weeks have given us much to think about, most notably the collapse of UST. The contagion effects represent a tectonic shift in the synthetic stablecoin landscape. The team has elected to wait for some of the dust to settle before putting forth updates. This is in line with our usual methods, guided by the principles of a considered approach.

Deep inspection of peg stability mechanics

The implosion of Luna has highlighted serious concerns about the feasibility of algorithmic stablecoins. USDV shares some similarities but we have managed to keep its price relatively stable. This is in part due to stronger control measures and careful monetary policy of keeping float in a tighter band. While USDV has not depegged wildly, it does not permit complacency. The warnings are clearly inscribed and we must act to evolve.

That being said, it’s still necessary to do a thorough analysis of failures in UST’s model to allow USDV to have a fighting chance in the synthetic stablecoin market. We’re confident to keep peg at our current circulating supply, but a comprehensive top-to-bottom review has become mandatory for the future of Vader.

Preparing for a high-interest rate environment

TVL across DeFi protocols have widely shrunk, alongside total stablecoin supply. These are clear macro indicators of investors de-risking in a rising interest rate environment. Vader’s treasury will allow us to tide over this difficult period. As we have expenses with service providers which are domiciled in fiat, the treasury has performed a swap for this purpose: 0x0c87e9f08169811568c2494a947c0b3d3ca93f25876f128b5d5beca029e38d52

The proceeds will be used to pay necessary accrued expenses over the next 6 months. Some service providers have elected to receive payment in a fiat-backed stablecoin due to recent events and this is understandable. Vader’s treasury, however, will still continue to collect USDV as its primary reserve currency.

Building for the next narrative

The simple way forward will be to transition from our present algorithmic model into either a hybrid model or an over-collateralized model; yet, such solutions already exist and it’ll be senseless to fork existing models because there simply won’t be value accreditation.

The team is of the opinion that it’s best to rethink our core protocol mechanics from the first principles and build towards the next narrative. As previously communicated in our latest Discord announcement, we’re continuing to explore new ways to unlock capital efficiency, keeping in mind the lessons from UST.

More than ever, these are trying times, and we understand that many of you have been sitting anxious, and in particular, about the progress of the expected AMM as well. We can assure you that development for it (in private) has not stopped — lots of tests are in place and discussions continues with regards to optimal launch plans. The team is still here and Vader is nevertheless a special community so we certainly hope to still have you alongside us as we navigate a new path forwards.

Team Engagement

We’re aware of the many requests for more direct communication and updates. Apologies to the community that the team is unable to lock in regular commits to be more present in discord and for the disappointment on a supposed team AMA with @0xAnakin this May —it was unintended and miscommunicated. Arrangements are being discussed for an optimal avenue and time, where a text-based AMA may potentially take place sometime in the coming June.

Rebrand

Lastly, Vader has recently been coated with refreshed designs — new logo, new color, and new graphic styles. Updates for the website and app are in progress. New tokens for listings and directories are in the works too. A full post breaking down the Vader rebrand with insights and inspirations to the entire process will be released next week.

Please reach out to inform the team should there be a platform not reflect our latest branding in the coming weeks; or help us update the relevant third-parties as a community effort.

Stay safe, inVaders.

Welcome to a fresh world with Vader — the liquidity protocol powering a new era of decentralized products and communities on Ethereum.

When Vader first launched, it was regarded as a promising protocol on the back of a combination of several prominent DeFi ideas. Clothed in its signature blue and pink palette with an iconic 3D retro style, Vader’s identity represented the fiery design of the protocol’s ambition and the essence of its community. While it was a design that we’ve grown into and loved, it was clear that a stronger identity is needed for growth.

As the market ebbs and flows, we have to evolve by being open and nimble to new movements, new collaborations, and new ideas. With the impact of recent market events, it’s important we take this opportune time to evaluate the protocol’s mechanisms and explore improvements for a more promising future — as we welcome new products and communities, including the hugely anticipated AMM.

Vader requires a sustainable system and this rebrand is the first step towards it — in communicating Vader’s values with a design that can be easily adapted and built upon by the community. This is the first expression of changes and a hint of Vader’s many possibilities.

Vader’s new concept exists in a mystical universe of galaxies, stars, and planets as self-governed societies, representing the vision of a new decentralized economy. Travelers are welcome to settle, build, innovate and secure Vader’s future together. The new logo is designed with intentions and metaphors, serving as a symbol of power, confidence, and security; as well as a portal into Vader’s universe. The aggressive wing-shaped V design thrives from the idea of interstellar exploration; it’s where the braves are empowered to explore and build in this new world. Vader by design is transformative, flexible, and adaptive. This attribute is embedded in the brand’s DNA. Vader’s logo has the ability to morph into an inVader’s imagination of their own chosen material and state, creating customized experiences for every community.

With Vader very much still in the early stages of development, the goal of this rebrand is for the community to band closer together with a shared sense of clarity and confidence in the protocol’s potential. It also aims to help attract more valuable partners and builders required to take Vader to the next level. Please reach out to connect or fill up the partnerships form here.

We’ll further release the guideline complete with its story, design decision, style guide, assets, and more a little later on in another full post. The rebrand will be executed in stages and logos will gradually be updated across dApps, listings, and directories.

Our latest newsletter delivers news about Vader, the ecosystem, and updates from developing teams.

Sometimes, no news is good news. The team is still grinding. Day in and out. What may seem like harrowing silence to the community is more so a reflection of the team’s focused attention on product priorities (and families —we’re only human).

While April has been a quieter than usual month, a key moment was the 588 million $VADER tokens permanently burned on Apr 09, 2022, from the Reserve Bond Sale 2. Also, truly a great sight to see community contributors and @ylwghst rallying a community-driven Twitter contest of 120k $VADER — “just for fun”.

Aside from that, the team has been prepping a ton in the background, with loads packed gearing up for upcoming launches.

What’s Happening Now

Are we still on track? As of today, yes.

Significant progress has been made on Phase 1 of the AMM, both on the contracts end and the front end interface. The quarter has yet to close so keep your eyes and ears peering around the grapevine for the juicy alpha in the remaining weeks.

The release of Vader’s new logo and brand image is also imminent. However, to not overstretch resources, it’s possible that the full rollout will be in stages. Many of you will also be happy to hear that we’re keeping the core pink/blue color palette because we believe it’s what makes Vader iconic. More will be shared on release day.

So hang tight inVaders.

The Vader Ecosystem

Boot Finance is a project-focused AMM with a price floor on Ethereum and Skale. The protocol allows for the addition of two or more swap curves instead of just relying on one, like most AMMs. The pool can be customized so that it uses a specific swap curve at a particular price range. It can even be adjusted on the fly with no adverse effects on existing liquidity providers in the pool.

The Boot airdrop program is now live and claiming for the Vader community is available on their exchange for those eligible after validation during their testnet. Click here to check the full list of eligible addresses.

The claiming interface will remain active until May 2nd 15:59 UTC before closing. Unclaimed airdrops will be sent to the community fund.

• Twitter: twitter.com/bootfinance
• Website: boot.finance
• App: boot.exchange

We have recently made a few feature upgrades to the VADER<>USDV minter that allows for the permanent removal of VADER from total supply.

With the closing of Reserve Bond 2, a total of 602.48 ETH was raised, which will form part of the Treasury Reserves and go towards the development of the Vader Roadmap. The closing price is 0.0000037339 VADER/ETH, which is above the reserve price.

(https://etherscan.io/tx/0x9f480ed036682d5b5840d3fa0c667b22da197c16f12b99f633921f19b2443cdd)

As per our previous announcements and medium post the Reserve Price Provenance Hash for Reserve Bond 2 was as follows:

string=”VaderReserveBond2_price_reserve: 0.000002 VADER/ETH //8DAQJ1"
sha256(string)=e061d71d877bfd4e0dab80321e9afa22f66c4c7940bc59733279c615e5bd58c4

At the reserve price listed above, this would mean that 750 million VADER had been allocated for Reserve Bond 2.

Since only 162 million of VADER had been utilized, we have decided to burn the remainder allocated for Reserve Bond 2 which amounts to a total of 588 million VADER tokens.

As such, 588 million VADER tokens that have been allocated and unused has been permanently burned.

(Transaction ID in the link below)

https://etherscan.io/tx/0x9592831ad78643b275cbdfa3bbeac03395ab879501dd3d46b98f3b362cf24123

Our latest newsletter delivers news about Vader, the ecosystem, and updates from developing teams.

The month of March has been a challenging one for the team and the community. With Covid and the global market uncertainty at play, we can only hope for a promising recovery as we take this time to continue building and strategizing Vader’s future. Let’s first look at some of the latest happenings since:

Recap

• The Vader Protocol Multi-sig members were announced on Mar 04, 2022, with 2 core team members (0xAnakin and 0xStormtrooper) and 3 prominent public figures (at Yield Ventures, Mechanism Capital, and The Spartan Group)
• The Reserve Bond 2 sale closed with 602.48 ETH raised on Mar 11, 2022, where funds will form part of Treasury Reserves and go towards the development of the Vader Roadmap.
• The public Burn-to-mint of USDV to VADER went online on Mar 14, 2022, with a daily limit of 200,000 USDV.

What’s Happening Now

Roadmap

In our most recent announcement, there are changes to the roadmap — one being new developments to the AMM design which will see it being deployed in Q2 instead. Read this article for more details.

Partnerships

We’re looking forward to having our new partners come online in the coming quarter i.e. WARPED. As the ecosystem grows, we hope more potential parties will integrate VADER and/or create USDV demand sinks — fill free to fill up this form to express interest or recommend one for consideration.

Marketing

As previously shared, we’ve been working behind the scenes on some new looks for Vader. We’re making incredible headways that will elevate our identity and make room for growth.

The Vader name will remain to retain its roots but a new concept will be crafted to ground Vader with a more progressive package. A full brand book will be developed and shared to encourage collaborative creations by the community and ecosystem projects. Expect the full reveal to happen in Q2.

Here are some early WIP sketches of Vader’s logo reimagined:

What else is cooking? At this point, the rebrand takes center stage while we create interim materials to help educate the community about Vader with the likes of our latest infographics. Once we’re ready, we’ll roll out the rebrand with a couple of social campaigns and incrementally drive up more efforts to expand Vader’s presence as USDV demand sinks are created and more partners come on board.

The AMA/community chat as earlier planned will be moved into Q2 instead to better align with the upcoming launches.

The Vader Ecosystem

It’s important to understand that Vader is primarily about USDV — our purely decentralized algorithmic stablecoin on the EVM, and powering a super ecosystem of USDV demand sinks and valuable partnerships with various community and partner projects.

We’re reemphasizing that our core objective is the stability of the USDV peg, which is crucial for the growth of the protocol’s ecosystem.

Wild Credit

Wild Credit is a lending protocol featuring isolated lending pairs built by 0xdev0. $VADER has been added as a new lending pair as part of Wild Credit’s lending/borrowing pools. Users will be able to borrow $VADER or use it as collateral to borrow ETH via their platform.

• Website: wild.credit
• Twitter: twitter.com/WildCredit

WARPED

WARPED is a partner project of a collection of 9000 unique avatars that provide users a “second life” in the WARPED metaverse — a life and world exploration simulator that introduces world-building, player-driven economy, in-game governance, and rare tradable collectibles (NFT).

The WARPED universe is set in a futuristic environment where there are 3 main native races (Humans, Mechanoids, and Ethereals) for players to pledge their allegiance to and embark on their second life.

Launch date TBA.

• Twitter: twitter.com/warped_io
• Instagram: instagram.com/warped_io

InVadersNFT

The InVaders Army NFT is a community-driven project with the objective to bring utility and give back the value received from the community. It consists of 55,555 unique Viking warriors, half-human and half-cyborg, generated by Artificial Intelligence in the year 2,055.

NFT holders will be able to receive $VADER as rewards, and from time to time, raffles will be opened between the NFT hodlers where winners will get reduced USDV minting and burning fees. The project will also support the Vader ecosystem with partnerships with other communities and NFTs collections.

• Mint: invaders.army
• Marketplace: opensea.io/collection/invaders-army-nft
• Twitter: twitter.com/invaders_army

(as of 29 March 2021)

Since the $VADER token launch in November 2021, we’ve successfully deployed the $VADER token with liquidity on DEXes and a handful of centralized exchanges before launching the algorithmic stablecoin $USDV.

In the past quarter, we have successfully completed 3 bond sales, added prominent VC funds to the public multi-signature wallet, and demonstrated the ability of the burn-to-mint stabilization mechanism to maintain $USDV at 1 USD.

Despite some setbacks, the $USDV stablecoin has gone through periods of expansion and contraction while demonstrating the ability to hold its peg.

What’s Happening Now

As we continue to fine-tune the mechanics of the stabilization mechanism, we at Vader Protocol understand that the long-term viability of Vader and its native stablecoin USDV is highly dependent on driving USDV demand sinks.

When AMM?

The quarter is closing and the biggest thing on everyone’s minds is “WEN AMM”?

Delays are expected and the AMM is going through significant upgrades as new developments are being made in the AMM space. It will be deployed in Q2 and the core AMM contracts are already live on testnet.

We believe that the AMM will still be the initial driver of USDV minting demand and are hopeful in seeing this come to fruition over the coming months.

While there will be significant changes to the AMM design from the initial plan, we believe that this update will lead to longer-term sustainability for the VADER<>USDV ecosystem.

The full features of the AMM will be launched in 3 phases:

• Phase 1 : Deploy native AMM + reserve contracts
• Phase 2 : Deploy gauges + voting escrow contracts
• Phase 3 : Deploy ILP NFT contracts + viTokens

All of which will be further clarified in a separate post dedicated to the new and improved AMM mechanics.

Partnerships

Partnership with a GameFi development firm called WARPED is in the works to bring the WARPED metaverse of 9000 unique NFT avatars to the Vader ecosystem.

These NFTs provide users a “second life” in the WARPED metaverse — a life and world exploration simulator that introduces world-building, player-driven economy, in-game governance, and rare tradable collectibles.

More details will be released by the team when ready. The characters in the image above are a teaser of some of the native races in the WARPED universe.

Follow WARPED on Twitter or Instagram. Discord invites will eventually be made public.

The NFT artist collaborating with WARPED is Cyanblood.

Research & Development

We are working closely with another group of developers to bring sustainable [REDACTED] yields to the VADER ecosystem. This is exploratory for now and more details will be shared once it is deemed technically feasible.

Updated Roadmap

Q4 2021:

• Audits Completed
• VADER token listing on DEX / CEX
• Bond Sales for Long Term Protocol Owned Liquidity

Q1 2022:

• USDV public and partner minting online
• USDV-3CRV Pool Launch
• Reserve bond sales for Protocol Development
• Public Multisignature Treasury Expansion
• USDV partnership integrations

Q2 2022:

• Vader Rebranding
• AMM Launch — Phase 1 & 2
• Expansion of Asset Pools
• Treasury Partnerships with Sponsored Liquidity for USDV demand sinks partners
• Cross Chain Exploration

Q3 2022:

• AMM Upgrades
• Further Treasury Partnerships
• DAO Transition
• Cross Chain Deployments (Dependent on USDV sinks)

*Milestones listed in the roadmap are estimates and may be subjected to changes.

Mechanism Capital | Spartan Group | Yield Ventures

Since launching the $VADER token 3 months ago, ownership of all protocol related contracts have been transferred to the team and partner supported multi-signature wallet located at https://etherscan.io/address/0xfd9ad7f8b72fc133543cb7ccc2f11c03b81726f9

That address currently owns 95% of the VADER/ETH UniswapV2 liquidity and burn/mint fees generated from VADER Protocol’s VADER<>USDV burn to mint functionality, valuing at ~USD8.3M.

As we move towards scaling out partnerships and USDV adoption, we have decided to implement a 3-out-of 5 multisig with 2 core team members (0xAnakin and 0xStormtrooper) and 3 prominent public figures (listed below) who have been supporting the Vader Protocol’s growth since its early days.

This ensures that the core Vader Protocol team alone will not be able to make significant changes to the protocol without one of the public multisig members signing off.

Public Multisig Members

Mechanism Capital

Founded in August 2020 as an OG investor in multiple leading DeFi Protocols, Andrew Kang has been vocal about his support for Vader Protocol. He has also been instrumental in advising and supporting the Vader Protocol team in the early stages of launch.

Spartan Group

Kelvin Koh and Jason Choi run a digital asset venture capital, hedge fund, and investment banking advisory at Spartan Group and will be supporting the Vader Protocol Ecosystem with their connections to projects for potential partnerships.

Yield Ventures

Mervyn Chng and his team at Yield Ventures have been instrumental in bringing the core team together to get Vader Protocol where it is today. As a member of the public multisig, they will continue to drive business strategies to help expand the Vader Protocol Ecosystem with a core focus on stability and adoption.

The new multisig holders will work towards adding more value to the Vader Protocol Ecosystem by partaking in ecosystem gauge wars and connecting the right projects that we can potentially partner with.

We will look to add more public multisig holders as required and hope that the current members will be able to bring further confidence to Vader Protocol and its ecosystem as we work towards our long-term strategic vision of having widespread adoption for $USDV.

Our latest newsletter delivers news about Vader, the ecosystem, and updates from developing teams.

In a bid to share more of the ongoing developments of Vader with the community, we’re bringing back our regular Medium update, in the form of a newsletter, as best we can on a monthly basis.

To understand the Vader team’s current focus at the moment, let’s look back at our progress since launch:

Recap

• Launched the VADER token on Nov 26, 2021, via the UniswapV2 pool.
• Sold out 15M in the first fixed Vader Bonds sale on Dec 17, 2021.
• Sold out 50M in the second fixed Vader Bonds sale on Jan 26, 2022.
• Deployed the USDV stablecoin on Jan 28, 2022.
• Introduced a symbiotic partnership with Aphra Finance on Feb 24, 2022.
• Incentivized and introduced the Curve USDV3CRV-f pool on Feb 25, 2022.
• Went live with the ETH Reserve Bonds sale on Mar 01, 2022.

Incentivizing Liquidity Pools

Recent developments saw new pools being incentivized and deployed both on Vader’s and Aphra Finance’s end. inVaders now have new ways to maximize their yield by burning their VADER for USDV to earn liquidity incentives:

1. Earn unlocked VADER by staking in the USDV3CRV-f pool via Vader’s platform. (The USDV3CRV-f LP token can be acquired by first depositing USDV, USDC, DAI, or USDT into the Curve factory contract.)
2. Earn locked veAPHRA by staking in the Aphra Gauges via Aphra Finance’s platform

Reserve Bond Sales

The latest on Bonds also has a new format released with a Precommit function and we introduced the Reserve Rounds where funds raised will go towards the core Vader Protocol Reserve for funding formal audits, team development for further USDV partnerships, and marketing endeavors.

Here’s a reminder to participants that contributing to a Precommit only commits interest in the allocation and users can choose to withdraw anytime. The Bond sale will only be initialized when the Reserve Price is met. The min. contribution amount in this Round 1 and Round 2 Reserve Bond Sale is 5 ETH, with a max. contribution amount of 495 ETH.

Read more about the ongoing ETH Reserve Bond Sales.

With an ambitiously planned roadmap in the pocket, the team has since securely deployed THE CORE tenet of what Vader is all about — a purely algorithmic decentralized stablecoin protocol on the EVM, marking a very exciting future ahead.

What’s Happening Now

When we say it’s only the beginning, it really is. Now that USDV is live, there is so much more work to be done in maintaining peg stability, getting sustainable liquidity incentives to drive USDV minting, and ensuring sufficient liquidity in the various pools. This is a key priority is not a short-sighted task.

Development

Development work on the AMM continues in progress and remains a core focus of the team. AMM mechanics are rigorously being reviewed and strategically iterated for the betterment of the protocol’s security and sustainability. A more detailed post will be published closer to launch. We kindly ask for patience from the community and to stay tuned for future updates in the coming weeks.

Partnerships

Our BD team has been making good headways with a pipeline of multiple familiar projects and we may soon see new partnerships announced. Thank you to those who’ve submitted interests, recommendations, and suggestions to the team on potential leads.

Marketing

We’re placing an intentional effort to pace Marketing initiatives because Vader is no empty vessel, and focus on first tackling problems we’ve identified since.

• A rebrand is underway to address concerning perceptions of the current Vader image portrayed and to lock in a powerful new stance towards Vader’s future direction. This process will take a couple of months before launch.
• A more structured content strategy is in the works that will be executed leading up to the rebrand to grow the Vader Twitter account with original content. The goal is to organically build awareness, educate, and solidify Vader’s identity.
• New initiatives will be created to keep the community engaged and informed via the likes of this newsletter and on various social platforms. The team will do their best to connect when available, in a reasonable and healthy capacity.

Note that Vader’s roadmap is contingent on adapting to the market’s changing landscape, resources, and any unforeseen circumstances. What has been communicated is a guiding north star and the timeline is not set in stone. Milestones will likely see delays and priorities may be shifted. With more clarity, the team will soon be able to provide a more comprehensive update on the status of some of the bigger developments anticipated.

What’s Expected Next

• Hear from Mervyn and Androol in an upcoming exclusive community chat (details TBA)
• Announcing partnerships that will drive new USDV sinks