Promethium is comprised of audited smart contracts by
#BlaizeSecurity
🔒 and an off-chain backend, also audited, with no access to the vault containing user funds.
The backend solely gathers data from the
#blockchain
, conducts calculations, and transfers the results to the smart
⚖️ Discover how the
#PromethiumRebalancer
seamlessly manages your portfolio for peak performance. Each of these critical steps ensures your assets are protected.
1️⃣ Rate Retrieval:
#Promethium
’s backend retrieves rates from incorporated lending protocols, which are compliant
🆙 Maximize your
#DeFi
returns with
#Promethium
's Deposit Management, a system designed to provide users with additional tools for managing their deposits.
⚡️ It offers two key features:
- Leveraged Deposits
- Stop/Limit Orders
These tools are designed to enhance your returns
🔍Seeking DeFi enthusiasts to test our closed beta prior to Oct 1 launch.
🪙 Rewards + exclusive early-bird Discord access with perks.
🏛️ Early participants will become the first Promethium DAO members.
👉 Join here and check the Announcement
💎 Maximize returns, and minimize transactional costs with
#Promethium
– a valuable asset management tool that reduces the time and transaction costs associated with managing
#DeFi
assets.
It functions like your personal financial assistant, but it works 24/7 without coffee
⚡️ In addition to these 2 key features,
#Promethium
also offers auto-compounding.
This means that all liquidity mining rewards accrued in credit protocols are used to automatically compound your deposits.
This feature can be disabled if you wish to keep the rewards for
🆙 Maximize your
#DeFi
returns with
#Promethium
's Deposit Management, a system designed to provide users with additional tools for managing their deposits.
⚡️ It offers two key features:
- Leveraged Deposits
- Stop/Limit Orders
These tools are designed to enhance your returns
We're thrilled to announce our partnership with
@SpoolFi
– the infrastructure layer of the next-gen of DeFi Yield!
Once they integrate the
@Arbitrum
chain, we'll be pleased to publish
#Promethium
strategies for open-source use on
#SpoolFi
.
In the meantime, anticipate
Aug 5 - 19. Promethium protocol's first live test on Arbitrum mainnet. Average APYs of lending protocols for this period were:
4,0 %
5,02 %
6,06 %
7,39 %
2,85 %
5,83 %
1,46 %
Ours is 9,03 % 🚀
🚀BETA is now LIVE🚀
We're thrilled to announce that our BETA is officially live!
Dive in, test it out, and help us make it even better,give your feedback on Discord
Special surprise for all early depositors -details coming soon!
🎉 We're thrilled to announce our cooperation with
@cryptorsyio
– a team of digital specialists with profound experience in
#web3
marketing.
Being in love with the
#crypto
industry, they built dozens of marketing strategies that have helped to achieve even the most ambitious
Portfolio optimization is a multifaceted challenge that every investor faces. Striking a balance between maximizing returns and managing risk can be a daunting task.
Traditionally, this process required constant monitoring and frequent adjustments. However, the
⬇️ Promethium offers a range of features that make it a comprehensive
#DeFi
solution, including:
- Rebalancing
- Deposit Management
- Debt Management
- Liquidity Mining Rewards Management
For the launch, we've chosen the
@arb
. But why Arbitrum, exactly? 🧐
⚡️ We've added a $FRAX 🦇 liquidity pool from
@fraxfinance
on the
#Arbitrum
network.
It's time to boost your LPs with the new Pool on
#Promethium
. Enjoy boosted Yields and Juicy APR!
👇 Join our beta:
To learn more about Promethium and our future plans, we invite you to join us on our Twitter Space with Arbitrum today at 12:00 p.m. ET.
👇 Set your reminders:
❯ Safety Concerns: Security is paramount in DeFi, and ensuring your investments are safe is a constant worry.
This is where the Promethium comes into play.
#Promethium
is like having a personal financial assistant for DeFi that works around the clock.
Introducing $DAI on the
#Promethium
platform! ⚡️
This algorithm-based stablecoin is backed by crypto-assets and is currently providing an attractive lending rate on the
#Arbitrum
network.
Take a look now at this link:
But what truly sets Arbitrum apart is its potential as a foundational DeFi infrastructure. It's not just about lower transaction costs; it's about scalability and efficiency.
Arbitrum employs a
#Layer2
scaling solution, enhancing the speed and capacity of the
#Ethereum
network.
❯ Enables cost savings by leveraging economies of scale to decrease transaction expenses, ultimately increasing the profitability of
#DeFi
.
❯ Guarantees the safety of your investments in DeFi through its robust security measures.
#DeFi
has brought financial freedom to the masses, but it's not without its pain points.
❯ Lack of Convenience: Managing DeFi assets can be time-consuming and complex.
❯ High Transaction Costs: Gas fees can eat into your profits and discourage small-scale investors.
⬇️ Promethium offers a range of features that make it a comprehensive
#DeFi
solution, including:
- Rebalancing
- Deposit Management
- Debt Management
- Liquidity Mining Rewards Management
For the launch, we've chosen the
@arbitrum
. But why Arbitrum, exactly? 🧐
At Promethium, we're diligently working on enhancing our rebalancer algorithm. Our focus is not just on achieving the highest lending APY but also on optimizing liquidity distribution.
By choosing
#Arbitrum
,
#Promethium
is well-positioned to deliver an enhanced DeFi experience to its users, combining efficiency with scalability, security, and a thriving ecosystem.
It's a lending optimizer protocol that continuously seeks the best rates, rebalances your deposits, and refinances your loans, all while you live your life.
⬇️ Here's how
#Promethium
solves these issues:
❯ Provide convenience by removing the need to manage
#DeFi
assets.
The answer is simple:
#Arbitrum
offers lower transaction fees compared to other EVM networks, making it an attractive choice for
#DeFi
projects.
This cost efficiency isn't just a matter of convenience; it significantly impacts the profitability of DeFi ventures.
This means more transactions can be processed with reduced latency, creating a smoother user experience.
In essence,
@arbitrum
offers not only cost-effective transactions but also a pathway to realizing the full potential of decentralized finance.
🔥We're thrilled to announce the release of DeXe DAO Studio: the Renaissance of DAO Utility!
💡Addressing the complexities and inefficiencies of traditional DAO models, DeXe DAO Studio is crafted to democratize and simplify the DAO experience for everyone.
🚀This launch marks
We're on the brink of hitting 1k followers! 990 is a fantastic milestone, but the future holds even more.
Stay tuned for exciting news tomorrow!🚀
--
Join the conversation on Discord
#promethium
#arbitrum
#DeFi
We're currently undergoing a smart contract audit with Blaize Security. Guess what?
No critical vulnerabilities were found!
More great news coming soon
🛡️🔒😎💪
By assessing the impact of our liquidity on pool utilizations and their APYs, we aim for a more effective and strategic rebalancing.
Stay informed for further updates.
#PromethiumUpdate
#DeFiImprovements
🛡️ We have passed the smart contracts AUDIT by
@BlaizeSecurity
and upgraded our contracts today, as planned. We're even more flexible and secure now, and still so profitable!
📍Go and deposit!
⏱️Places are limited due to beta pool limits, so hurry up!
🔍We would like to present you our new format that we suppose will be useful for the community and demonstrate our performance.
Meet Promethium Weekly
#promethiumweekly
Working on final preparations for our public beta 💪
Things left to do:
1) Finish the audit
2) Finalize new UI
Follow and stay tuned 😎🚀
#arbitrum
#defi
#crypto
#promethium
🛠Important Service Update
We're upgrading our backend to Amazon AWS for a better experience. Expect brief app outages in the next 24 hours. We're on it!
Maintenance concludes by 19:00 CET tomorrow. Thank you for your understanding as we enhance your Promethium experience.
GM everyone!
Thanks for your answers. So the rewarded audit competition or a bug bounty program from Promethium comes in the nearest future! Stay tuned!
🤯 Lost in a sea of DeFi jargon? Don't worry, you're not alone😵 we know exactly how you feel, don't sweat it🛋️ just kick back, relax, and let Promethium do the heavy lifting. It's the ultimate Defi "set it and forget it". Easy peasy, DeFi breezy! ☕
@DefiLlama
and
@arbitrum
kn👀w
7) In essence, with MASS, we're embracing the true principles of
#DeFi
and
#web3
-
#decentralization
, top-tier security, and trustless operations. Stay tuned for more updates as we continue to innovate and enhance our platform!
1) 🛡️🔐Today, we're excited to share an update on our Multi Approval Security System (MASS). This system is a game-changer in ensuring robust security for our protocol.
6) And here's the icing on the cake: Each part of our system is safeguarded by its own
#multisig
wallet. It's like having multiple vaults instead of one. If one is compromised, the others stand strong, keeping the system secure.
Who keeps an interstellar eye on the
#DeFi
galaxy? None other than Promethium, tossing tasty APY treats to the citizens of the Kosmos! 🌌🍬 tipping my hat to the mighty solar systems of
@Uniswap
,
@arbitrum
and
@ethereum
.
Big news for the security community! Hats has co-authored the new ERC7512 for on-chain audit representation.
With Hats, it was already possible to verify directly on-chain if a project has been audited & if it runs a bug bounty. But now contributing to an industry standard
2/
🔥 Why should you be excited about Promethium? It's not just about convenience (though it's a big win!), but also about savings! Imagine a whizz that hunts for top rates and slashes transaction costs, that's us!
🪙 Rewards
🔢 We've conducted another simulation and discovered that rewards autocompound increases returns by almost 1% when constantly activated.
❔Here's a question for all of you: Do you know the difference between APY and APR? If so, which one do you typically consider?
Promethium: Where
#DeFi
dreams unite! 🚀Step into our bustling DeFi town, your one-way ticket to DeFi delight, Only the best rates and yields abound 🔥🏙️ No more running around in a craze, everything's here, it's like a maze of amazing ways!
#arbitrum
🚨🚨🚨ATTENTION
We are upgrading our smart contract to enhance your security and experience. Your funds are safe but immediate action is required for a seamless transition.
Note:
- Visit and click Withdraw.
- The smart contracts upgrade starts on Oct 16th.
Promethium engineering team participates in ETH Online Hackathon by
@ETHGlobal
and working on the smart liquidity management solution for the
@compoundfinance
🤓
Our maintenance took a tad longer than expected ⏳ because we were relocating our backend and MASS system to a new, super secure service. 🛡️
Curious to find out more about our Multi-Approval Security System (
#MASS
)? 🤔 Check out our GitBook for all the juicy details:
3/
🛡️ Safety first, always! 📷 With Promethium, your assets aren't all in one basket. We remove the risk altogether, spreading your funds across platforms, managing liquidity, and providing loss protection. Safety net? Consider it done. more?join discord
At Promethium we're the overtime wizards, working harder than hooting blizzards! We burn that midnight oil with passion and endless toil. Shipping and rolling with flair before the sun hits the morning air! Join our discord
#Defi
#Arbitrum
#ETH
👀 Notice anything new?
We have added a new "Trade" section to our Dapp to easily direct our users to the DEXes we collaborate with on each supported blockchain for a smooth swap experience of $DF and $USX!
👇 Check it out at:
Exciting news from the
#SpectrumProtocol
team! We're hard at work on our autocompound feature, so your liquidity earns more for you. Mark your calendars - our beta goes live on Arbitrum on August 7th! Stay tuned for more updates.
#DeFi
#Crypto
#Arbitrum
5) One might wonder, what if a hacker tries to compromise a part of our system? Well, MASS makes it virtually pointless. Even if a single component is breached, the hacker can't execute malicious actions without the necessary multi-approvals.
1) 🚀Exciting news from the
#SpectrumProtocol
team! We've run a simulation of our rebalancer mechanism, using historical APY data from lending protocols of March 2023, and the results are in thread... ⬇️⬇️⬇️
📊
#DeFi
#Arbitrum
4) The beauty of MASS is in its ability to streamline the proposal and approval processes. It simplifies these crucial steps, making the user experience smoother while retaining the security layers.
@elonmusk
Interesting standpoint. So based on that we can say that to watch Goebbels's propaganda in 1940s in Nazi's Germany or not, was a question of freedom and choice?
3) We've integrated with
@safe
, likely referring to the renowned Gnosis Safe. For those unfamiliar, Gnosis Safe is a leading platform on Ethereum for managing digital assets with multi-signature wallets. This means multiple private keys are needed to authorize a transaction.