After months of preparation and development, we are finally approaching the much-anticipated private beta testnet launch of our protocol.
Today we'll break down how the rollout will take place and how to be part of it!
Migrating to LayerZero
After weeks of testing and research, we decided to migrate our codebase from @wormhole to @LayerZero_Labs.
We are optimistic that L0's infrastructure better fits our needs and will open up a whole new range of possibilities for us.
🔜
Whenever people and/or entities ask why we focus on stablecoins, we’ll start sharing posts like this.
Stablecoins have some of the strongest product-market fit in the industry; you either get it, or get left behind
.@ethena is now a top 5 DeFi protocol by TVL, earning $300M+ in revenue.
As a result, @wintermute_t's fee switch proposal has been approved by Ethena's Risk Committee.
Explore our 2 new dashboards for details on the fee switch and Ethena's financials:
🧵/10
Building a great product is only half the equation—the other half is cultivating a unique community.
That’s why we’re excited to announce a strategic partnership and investment with Hyperstrategy by @HypioHL and @hyperbeat.
But what's Hyperstrategy, and why does it matter?🧵
As we approach our launch, it’s finally time to take the next step in building an amazing community, by launching our Discord server!
We can’t wait to chat with you over there and start showcasing our products. 👀
Join here: discord.gg/tEQBt67Mg8
We're excited to announce a partnership with @bitfinitynet!
#Bitfinity is a blazing-fast, next-gen EVM for #Bitcoin, backed by @polychain & @paraficapital.
This integration will boost user adoption by allowing anyone to unlock liquidity on Bitfinity without having to bridge.
We’ve been running internal tests and consistently averaging ~15–30 seconds to deposit, collateralize, and borrow cross-chains.
Omnichain leverage unlocked.
Can't wait to go live!
A few weeks ago, we emerged from stealth with a commitment to building a thriving community and forging strong relationships with key figures in this ecosystem.
Today, we take another significant step forward on that journey by joining the Illumeownati.
Job not finished 🤝
Illumeownati do not act alone—they belong to a group of frens and buddies.
Here are some of the communities we have whitelisted for the upcoming mint.
Listed in random order
As development continues to progress smoothly, we’re excited to announce that our private testnet beta is on the way!
More details will be shared over the coming weeks, but in the meantime, here’s a little sneak peek for you...
How does it look?👀