Creator of decentralized products, infrastructure and services. Forum: https://xitter.cf/t.co/HZ29iK9JJH Discord: https://xitter.cf/t.co/48K6WaQ8Fs
Joined January 2021
- Tweets287
- Following30
- Followers1.1K
- Likes169
kUSD is now part of a stable swap pair on Tezos!
We've written KIP-022, which proposes incentivizing LPs with kDAO tokens:
discuss.kolibri.finance/t/ki…
This quoted post is unavailable.
As promised, we've published a post mortem of the economic exploit leveraged against the Kolibri Protocol's Liquidity Pool last week.
This is the first in several articles diving into the specifics of the incident and can be found here:
kolibri-xtz.medium.com/kolib…
Now that funds are not at risk, we'll publish a full post mortem shortly and continue to work with the community for next steps to restore functionality or migrate the liquidity pool.
We'll post that here when it is complete.
Earlier today Hover Labs executed Kolibri DAO proposal 12, which disables the Liquidity Pool's ability to liquidate ovens and patches the economic exploit.
To the best of our knowledge, funds in the Liquidity Pool are safe. The QLkUSD farm will continue to emit kDAO.
Hover Labs retweeted
Make an offer with just $xtz? Nah, let's open some new avenues for our artists. Let's say, $kalam, $kusd, $plenty, $crunch, and #tezos. What do you say? Tomorrow work for you? Good. Coming in HOT so your bags ready!
#nftcollectors #kalamint #kalamintcommunity #nfts #NFTCommmunity
Hover Labs retweeted
We’re aware of a sophisticated arbitrage/economic exploit involving the Kolibri Liquidity Pool.
This has ONLY affected providers for the Kolibri Liquidation Pool. The #Kolibri protocol continues to function normally.
More information here: discuss.kolibri.finance/t/ko…
The #Kolibri Community has put forth KIP-016, a proposal to set the interest rate for the Kolibri Savings Rate for 10.75%. The proposal is under vote for the next 3.5 days.
kDAO holders can vote at governance.kolibri.finance!
#Tezos #Defi
We've been hard at work recently, testing and iterating on the Kolibri Savings Rate (KSR), which will be a new and powerful lever to help the @KolibriDAO control the price of $kUSD.
We've just submitted a proposal to the DAO to adopt this new component! governance.kolibri.finance/
If you want more information there's a few places to go to:
- KIP discuss.kolibri.finance/t/ki…
- Docs kolibri.finance/docs/compone…
We also have things deployed onto the Granada testnet if you want to go play with things and check them out! testnet.kolibri.finance/savi…
When thinking through how to visually represent the health of an algo stablecoin like $kUSD, there was a desire to not just show peg stability as it fluctuates around $1, but also a "peg depth" that gave an indication of how liquid a stable-coin is on a particular market.
Wen lunch!?
QuipuSwap Stable DEX code is now open-source.
github.com/madfish-solutions…
Stable DEX is the upcoming QuipuSwap feature for price-efficient and low-risk stablecoin trading. It brings the @CurveFinance functionality to the Tezos ecosystem.
#xtz #tezos #quipuswap #stablecoin #dex
We've just submitted KIP-014 to the @KolibriDAO, which raises the stability fee +2% to 21.5%!
This change is super important to ensure that $kUSD remains a stable store of value, and should help compensate for the divergence of @QuipuSwap's $kUSD / $XTZ and Harbinger's price.
As always, if you have thoughts or questions about this (or any) proposals, feel free to stop by the Kolibri Discord discord.gg/pCKVNTw6Pf or visit the #Kolibri Forum discuss.kolibri.finance/!
Hover Labs retweeted
Tezos connoisseur Lukas Zuegg speaks with “shadowy super coders” Ryan Sears and Keefer Taylor about their project, Kolibri Finance.
#DeFi @KolibriDAO @KeeferTaylor @hovereng @tezos
cryptocoin.news/news/kolibri…
Hover Labs retweeted
🚨 🚨 PROPOSAL ALERT🚨 🚨
💪Kolibri community, assemble!💪
The 8th proposal has been submitted to the #DAO! This proposal increases the debt ceiling to 12m kUSD 📈
Check out the proposal and cast your vote at governance.kolibri.finance/
Get involved at discuss.kolibri.finance/
