Hey DeFiners,
Hope you are staying cool during this heat wave! 🔥❄️DeFiners are keeping it cool by continuing to work on our coolest product, DeFiner 2.0 Phase 1. This month's update will bring you the latest news about the HODLer market. Without further ado, here's a sneak peek.
⚙️HODLer Market Beta Testing
🛣️HODLer Market Use Cases
🤝New Partnerships
💎Treasure Hunting Program
🦈Become a DeFiner
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👨🔬The DeFiner HODLer Market is Now in Beta Testing Mode!
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The HODLer Market is now officially in beta testing mode! We are currently battle-testing the product with our community members, early adopters, and future partners.
Here is a sneak peek of the HODLer Market. 👉
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👨💻Product & Tech Updates
🛣️HODLer Market Use Cases
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Upon launching on testnet, we have also released the HODLer Market use cases to the community. HODLer Market can be used more than just lending and borrowing. The HODLer Market can help projects build strong communities, avoid death spirals, and increase the utility of their tokens.
Here are nine scenarios where users can utilize the HODLer Market creatively.
- Token Lock-up
- LP Token Lock-up
- Auto Vesting
- Unleash the Value of Unvested Tokens
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- Salary Issuing
- Airdrop Locked Tokens
- Leveraged Long Position
- Initial Loan Offering (ILO)
- Governance
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Learn More About the Use Cases
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📍Maximum Collateral Value Update
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In the current DeFiner protocol, there is no apparent limit on the value of one token that can be used as collateral. The price of specific collateral can be manipulated through a flash loan attack or market price manipulation. This can lead to bad debts and systemic risk to the protocol.
DeFiner has posted a proposal for related improvements to mitigate these risks on its Reddit channel. The proposal suggests that the maximum collateral value should consider trading volume, market value, number of holders, calculations, and update frequency and gives a detailed explanation. The Reddit channel has received some honest responses and comments. We hope more people can join the discussion. 💭
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🤝Partnerships
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🎮DeFiner x Superpower Squad Collab
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🤝DeFiner x ZenFarm Partnership
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DeFiner is excited to announce a strategic partnership with Superpower Squad, a blockchain technology-based TPS game. Superpower Squad uses a dual token model - $SQUAD as their governance token and $ECG as their in-game token. The HODLer Market will provide a platform on which Superpower Squad can build a lending market for their tokens to add more value to their ecosystem. ⚔️
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DeFiner is pleased to announce a partnership with ZenFarm, the first blockchain ecosystem combining both decentralized finance and non fungible token on one platform. Zenfarm platform's own governance and utility token, $ZFT, powers the whole ecosystem. At DeFiner, you will see the $ZFT-based HODLer Market provides more value to the project and community. 👍
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💎Treasure Hunting Program
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Upon launching the HODLer Market, DeFiner will also kick off our Treasure Hunting Program which is a revenue-sharing program for HODLer Market participants.
DeFiner will allocate 10% of the interest accrued to all Stakeholders through our NFTs. All stakeholders in the HODLer Market creation process are eligible to participate! Users will become HODLer Market promoters and grow together with the project. Join our community and become a Treasure Hunter using the link👇
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💼DeFiner Careers
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👍We're Hiring!
Are you searching for an opportunity to work in the crypto industry? The DeFiner team is growing and you may have the right skills to help us take DeFiner to the next level. Check out our openings on the DeFiner Career site.
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🦈Become an Ambassador
DeFiner is looking for Ambassadors! Are you looking for an experience to grow, network, learn, and earn? Then this could be a position for you! Check out the DeFiner Ambassador position we are looking to fill now. 💡
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📽️That's a Wrap
It's been a busy month for everyone here at DeFiner. We appreciate the continued support of our community! 🐋 We look forward to HOLD, GROW and EARN with our community in HODLer Market. 🌴
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Let us know if you have any questions by joining our community with the links 👇
Till next month, WAGMI!
Yours,
Team DeFiner
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