swanUSD is live. A DAO-governed stablecoin backed by wstETH, built on Monolith. Stake swanUSD as sSwanUSD to earn protocol revenue. Participation in the shared 100,000 SWAN launch airdrop opens today. swanusd.com

Two month update here and good to remind the folks in the back that @InverseFinance has continued to grow its veNFT bags💰💰💰 ➕ 2,116,407 $veAERO (7.3MM) ➕ 1,266,576 $veVELO (17.3MM) ➕ 477,928 $veRAM (8MM) ➕ 195,055 $veTHE (1.6MM) 🟰 $6.75MM ( ⬆️$4.4MM ~200% in 2 months🤯)

Launch. Stake. Govern. Monolith DAOs are here. Every new Monolith stablecoin can launch with a DAO of its own, in one transaction.

Here's what happened @InverseFinance in September: • @ResupplyFi $reUSD LP markets sold out their raised ceilings for the second time. The next raise is already on the forum • ethereum:0xad038eb671c44b853887a7e32528fab35dc5d710 held near 4.7%, keeping fixed borrows cheaper than most variable benchmarks. As a result, FiRM borrows reached $73.2M against $91M TVL, with protocol run rate near $3.4M, almost double early August • Collateral screening moved on diversification; two new markets are launching imminently (pending governance approval): ysyBOLD (@yearnfi vault on @LiquityProtocol V2's BOLD), and sinvUSD, connecting @MonolithMarket's first stablecoin to FiRM • Integrated @merkl_xyz as an alternative venue for reward distribution on FiRM positions • #sDOLA continued its rebuild: 17.5M DOLA staked, more than tripled since early August, still paying ~6% APY with zero emissions • The @CurveFinance @llamalend V2 listing keeps proving itself as a growth channel for sDOLA demand • #jrDOLA held DOLA's first-loss line: $202K staked, paying ~33% APY • Something new reached Monolith mainnet 👀. Those watching the contracts have already noticed. Live very soon, bounty-covered on @sherlockdefi from day one • And a new lending vertical kept moving quietly through final review and is now audit ready, with an auditor engaged and dates on the calendar. When it's closer, it gets the introduction it deserves October is already moving. Onwards.

Fixed rates. DeFi. FiRM. firm.inverse.finance/