Congratulations!
All Seahorse NFTs are minted, saw someone mint 3 at one go 🐳
Let us focus on building and delivering to the community now
NFT Staking is next ;)
Did you know? It has been 1 month since SeahorseFi started operations on DeFiChain EVM on 20th April.
Together with our users, we have reached the $1 million USD Total Value Locked mark.
All without releasing our NFTs, tokens and many more exciting stuffs yet.
Onwards! 🌊🌊
The moment many people have been waiting for. SeahorseFi's contracts have been VERIFIED! More to come. Check it out here. 🔽
CErc20 Impl
CErc20Delegator
With this, you can even execute and run the SCs even without the website.
@atlantisNFTsapp
@defichain
Hello, we are interested to takeover the project and the associated infrastructure costs. Happy to discuss more in Twitter DM.
Big fans of your efforts.
Internal testing has started for the following initial assets
$WDFI $dUSDT $dUSDC $DUSD $dETH and $dMSTR.
Some assets such as stablecoins will follow the kink interest rate model while others will be the standard.
...and we're not done building yet. $JAV is also now available for deposit and borrowing. Welcome to the underwater Abyss. 🌊🌊
Just like $VAN, usage as collateral will soon be available subsequently.
@Javsphere
@igor_javsphere
@lordmarkcrypto
#defichain
$DFI
Seems like the votes ain't going well for now. Please consider voting for our proposal as this was proposed out of an initiative to indirectly benefit the community fund through shared liquidation incentive earnings.
🌊 Update: Devs are busy debugging repayment of DUSD on the DUSD loan in Seahorse markets as we encountered an unexpected decimal issue.
We are targeting an imminent launch date on 27th April. Provided that there are no other issues as funds safety remains our top priority.
We are currently in our final rounds of tests and we are excited to share the token allocation for each Champion.
Quote this tweet thread and send us a DM with your address and you might receive something special from us at the end of the TGE 😉
$SEA you soon in the Abyss. The premiere collection that will set SeahorseFi on the path towards decentralized governance and many more exciting stuffs. Limited numbers only.
Watch this space closely and don't forget to turn on notifications from us 💡
#defichain
Our CFP proposal has (fortunately) passed! Thank you to all the voters, big and small. We will deliver it over time when the $DFI CFP funds are in from
@defichain
“I scream for ice cream!”
“What flavor?”
“VANilla 😍🍦”
Now available on as an asset available for depositing and borrowing. Usage as collateral will soon be available.🌊
@VanillaSwap1
$VAN
We first came across
@defichain
via
@MessariCrypto
older reports and felt that it could be interesting to dip our toes into the UTXO space via DMC as a proxy.
Also met some of the
@DeFiChainLabs
folks from Token2049.
What a night! It's coming to almost 4am here at our timezone and we have crossed the 50k TVL mark since launch.
Thank you early adopters for using SeahorseFi. Many more exciting things to come!
If we are doing it from the sea, is it called an airdrop or a seadrop?
Who cares; drop your
#DeFiChain
$DFI EVM and
#Fantom
$FTM address here. (If it's different..)
Follow 🫡
Like 💙
RT 🔥
For maybe something special 👀
Update: It's a little over half a million in total value locked.
Under a week since launch. You guys are amazing.
Utility drives real yield and enabling various strategies you can conjure and think of.
Once our team is at full force again, more updates will come!
Collateral factor for $JAV has been adjusted from 0.10 to 0.25 after adopting a risk-adjusted approach to gradually increment CF for governance tokens.
🤝🤝
@Javsphere
@igor_javsphere
@SeahorseFi
let’s maybe start a survey to find out what is the best col factor for all new dmc tokens with enough liquidity and see what is coming out. What do you think?
As a prelude to the Token Generation Event of SeahorseFi, we will soon be unveiling something else..that represents your share of the token airdrop allocation. Stay tuned and watch this space.
As we gain more clarity into the overall DEX fees, along with strong demand to resume $DUSD deposits again... We will be resuming $DUSD supply soon so that the community can explore new use cases with .
Gm manlets, excited to drop a new update: SeahorseFi's documentation!
This includes the inner workings and other aspects such as governance and more. 🔥
Yeehaw.
Proposal now LIVE on-chain! Please take a moment to vote for us no matter how small it is. We hope to continue delivering our best for the ecosystem!
$DFI
#DeFiChain
#DMC
We have updated the Tokenomics of the $SEA governance token. Initially it had a total supply of 30,000,000, but to make it more equitable and fair to the NFT holders who are arguably key players to SeahorseFi, it will be set as 15,000,000 total supply.
As
@SeahorseFi
gear up for the impending launch on
@defichain
's EVM mainnet, we would like to address some questions that
@dPuschiii
has gathered and put together from excited audience in the space. He reached out to us early and we thought, "Why not?"
Let's go! (🌊,🌊)
🧵1/x
The Seahorse is back from the abyss. Everything is 100% functional once again. Sorry for any inconvenience, fear, uncertainty and doubts caused. You guys are the OGs for going through this ordeal and episode with us.
0x addresses have been 📸
Heard whispers that someone thought of interest rates arbitraging strategy by borrowing DUSD on SeahorseFi at <1% and opening "100% DUSD collateral vaults" on the native layer to collect "negative interest"
With the success of the reduction in collateral factor for dMSTR, we have seen a decrease in the TVL but more importantly, an overall healthier protocol.
$SEA you soon in the Abyss. The premiere collection that will set SeahorseFi on the path towards decentralized governance and many more exciting stuffs. Limited numbers only.
Watch this space closely and don't forget to turn on notifications from us 💡
#defichain
Collateral Factor has been enabled for $VAN and $JAV. Now your assets will count into your total collateral which can be used to borrow other assets.
One more use case for users.
$SEA soon. 🌊🌊
In light of the special DFIP that is going to pass on Saturday () ..
We will be taking various measures to ensure the safety and longevity of the protocol. This is a make or break environment...
We are monitoring the situation with the Special DFIP very closely and might take a set of swift actions if it is going to pass.
Primarily due to the projected difference in prices between DUSD-DFI and the stablecoin pools for DUSD.
IYKYK. We need to protect user's deposits.
Seems like the votes ain't going well for now. Please consider voting for our proposal as this was proposed out of an initiative to indirectly benefit the community fund through shared liquidation incentive earnings.
PSA: Given the drastic volatility of DUSD and it being one of the largest market on , we are planning to update the interest rates model for DUSD to be aligned with $DFI. (Jump Rate Model)
We have no intention of significantly changing deposit/withdrawal fees to "100%".
What we are considering however, are the collateral factors (LTV) for dTokens ecosystem. Mainly due to the DEX fees on the native side.
On May 1, all dStocks will have their CF amended to 18%
Also, friendly reminder that borrow fee is still 0% instead of 2.5% ☺️
Borrow $DUSD for liquidity mining on native
@defichain
seems to be increasing in popularity 🤔
We have received some reports that users are unable to withdraw some assets such as dUSDT, dUSDC and dBTC.
This happens when your supplied collateral is being borrowed by other users in the system. Hence leading to a lack of liquidity for certain markets.
Also for the eagle-eyed users...
$cDFI is also now available with a starting collateral factor of 0 before updating to 0.6.
2 LSTs on money market.
🌊✊
$SEA delivers.
Numbers up good.
Crossed 150k in TVL in under 72 hours. Happy to be of service to the community.
Won't stop building, ironing out some couple of reported UI bugs before introducing next asset.
While the Abyss Collection minting phase is ongoing, the team has discovered a way to Stake NFT.
Staked NFTs will receive 50% of the deposit and withdrawal fees of SeahorseFi perpetually.
Breakdown:
Shrimp - 8%
Shark - 10%
Whale - 12%
Seahorse - 20%
What's planned on the roadmap:
- General Bug Fixes
- UI improvements
- More asset support
- ERC-721 Utility-based NFT collection
- NFT holders perks (Higher airdrop token allocation, preferential rates for LGE and more)
- Revenue sharing model
Subject to changes and manpower🌊🌊
Site is up, withdrawals are temporarily paused while we fix issues with interest rates that broke the original compound's logic. This is to ensure the protocol does not enter bad debt as suggested by
@mkuegi
Funds are safe and can be monitored below⬇️
Important ❗️❗️
DFI Market is temporarily paused due to extremely high borrow interest rates that broke the original website, we are working on a fix to restore the site, all other asset markets are functional.
Sorry for any inconvenience caused. A post-mortem will be shared.
Our team has looked at the dstocks system of
@defichain
and we think that there is an exciting possibility of using certain key assets as collaterals in
@SeahorseFi
money market.
Definitely something different from other chains.
Blockheight for the change of collateral factor for $DUSD from 0.40 to 0.18. Please take note and adjust accordingly such as increasing collateral or repaying debts! RT for exposure.
We are also running internal calculations based on the Special DFIP.
This will go into effect before the execution of the proposal on-chain. We urge all users to use the next 48 hours to de-risk and unwind your positions. Non DUSD markets remain unaffected.
We will continue to evaluate and monitor the constantly evolving situation.
Attention: We will soon be temporarily pausing deposits for the $DUSD and dStocks market on immediately after the next native DEX fees adjustments. All WITHDRAWALS for assets remains UNAFFECTED ✨
We remain committed to providing a safe experience for you
Update: It's a little over half a million in total value locked.
Under a week since launch. You guys are amazing.
Utility drives real yield and enabling various strategies you can conjure and think of.
Once our team is at full force again, more updates will come!
We are also researching into the possibility of minting a new stablecoin $sshUSD which requires $DUSD.
The planned contract will be 15 $DUSD is to 1 $sshUSD.
Collateral Factor set at 0.7.
Liquidity provision is planned with Vanilla's v3 AMM for swaps between $sshUSD and $dUSDT
hey
@defichain
I have often read that other projects complain that the
@DeFiMetachain
does not have an Oracle system. Since we need it for our next product anyway, I thought I'd give every project out there access to our
@Javsphere
oracle system powered by
@PythNetwork
. The price
We are monitoring the situation with the Special DFIP very closely and might take a set of swift actions if it is going to pass.
Primarily due to the projected difference in prices between DUSD-DFI and the stablecoin pools for DUSD.
IYKYK. We need to protect user's deposits.
In the midst of chaos, has accumulated 350k "AUM"..just kidding we call it TVL here in brypto.
Please watch your risk levels when using the system.
🌊🌊🌊
NFA
Interest rates jump for the heavily used DFI market has been been capped, the UI should now reflect more accurate, sustainable and real yield.
You can also use an APY to APR calculator to check daily interest.
APRs are low currently due to low utilization of borrowing, we will start the next phase of growth - Governance token distribution based on activity on SeahorseFi.
As we gain more clarity into the overall DEX fees, along with strong demand to resume $DUSD deposits again... We will be resuming $DUSD supply soon so that the community can explore new use cases with .
Unfortunately, we have to delay the launch as we've found a couple of issues.
1. Deposit and withdrawal fees were off a factor of 10, this means that withdrawal fees are 5% instead of 0.5%.
2. After upgrading some packages, we found that borrow became faulty
Working on it 🫡
dETH is now live on Seahorse! Check it out right here on DeFiChain EVM
As ETH has always been one of our favorite assets, we are having a limited time ZERO borrow fees across ALL ASSETS.
Send it 🌊🌊🚀
For perspective: over 900k DFI were borrowed, leaving only $100 worth of DFI in the DFI market, which literally sent the kink interest rate to the moon dramatically and broke the site.