LOCUS v2.0 Loading.... Global Telegram https://xitter.cf/t.co/mVEeufrD73

Joined June 2023
πŸ“’ TO THE LOCUS COMMUNITY: We're in transition. Our model is evolving from a yield-focused retail platform to a private investment DAO. During this time, support is limitedβ€”board members are unpaid volunteers. HERE'S WHAT WE'RE COMMITTED TO: βœ… Maintaining honest, transparent communication about changes βœ… Keeping documentation current and complete βœ… Answering substantive questions that require insight HERE'S WHAT WE'RE ASKING FROM YOU: πŸ“– READ THE DOCS FIRST We've invested resources in comprehensive documentation. Most questions have answers there. β†’ docs.locus.finance πŸ”§ TEST ON THE PLATFORM The staking portal shows your exact unstake timeline and fees before you commit. No surprises. β†’ app.locus.finance/staking βš™οΈ TROUBLESHOOT INDEPENDENTLY Wallet issues, gas problems, transaction delaysβ€”these are solvable with 5 minutes of research. πŸ’¬ ASK ONLY WHEN NEEDED β€’ Group questions by topic β€’ Think through what you're asking β€’ Search the docs first WHY THIS MATTERS: We're here because we believe in this project. But we can't scale support for every question that has an answer in the documentation. The community's ability to self-educate and troubleshoot is what makes DAOs work. We appreciate your patience during this transition. πŸ™
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πŸ“‹ WHAT IS A GOVERNANCE TOKEN? A governance token grants holders voting rights within the Locus DAO. Token holders discuss, propose, and vote on protocol changes and upgrades. βš–οΈ One token = One vote ━━━━━━━━━━━━━━━━━━━━━━━━━ βš™οΈ HOW IT WORKS πŸ”— Token Delegation Token holders delegate voting rights to any address, including themselves. Delegation adjusts automatically as balances change. πŸ“ Proposals & Voting Token holders meeting the minimum threshold create governance proposals. Proposals achieving majority support and meeting quorum are approved and implemented. 🎯 Community Direction Token holders vote on system parameters, new assets, protocol upgrades, and new functionality. πŸ“Š Community Polling Early proposal development is gauged through community sentiment polls. ━━━━━━━━━━━━━━━━━━━━━━━━━ πŸ”§ GOVERNANCE CONTROLS Token holders determine: βœ… System and risk parameters βœ… New asset additions βœ… Protocol upgrades βœ… Parameter adjustments βœ… New functionality ━━━━━━━━━━━━━━━━━━━━━━━━━ πŸ›οΈ DECENTRALIZED AT LOCUS The Locus protocol is fully decentralized and governed by token holders. Governance authority rests entirely with the communityβ€”no central team, no external control. Token holders collectively shape protocol direction through transparent, on-chain voting. #DAOgovernance #LocusCapital #DAO
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πŸ“’ Join Locus AMA session on 17th of July, at 18:30 CET at Locus Discord We will talk about Locus upcoming products, merge with Rivo and long-term plans. πŸ‘‰ Drop your questions: forms.gle/EFK1SpotcjGe53WU6 πŸ‘‰ Join AMA: discord.gg/locusfinancedao
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πŸš€ Rewards for Pendle Index Deposits on Locus.finance! πŸš€ Pendle is bringing ARB rewards to Locus users invested in Pendle Index through their STIP Bridge initiative. Here’s how it works: Key Details: β€” Incentive Period: 20 June - 11 July (Phase 1 of 4) β€” Weekly ARB Distribution: 200 ARB in total for all deposits β€” Total for Phase 1: 600 ARB in total for all deposits into the Pendle Index Vault How to Claim: β€” Rewards are claimable from Arbitrum dashboard at the end of each phase. β€” Allocation follows a time-weighted mechanism, akin to Pendle LP system. β€” Stay tuned for more phases and increased opportunities to earn! Deposit in Pendle Index to be eligible πŸ‘‰πŸ» app.locus.finance/vault/pend…
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πŸ“’ LayerZero Airdrop for xUSD Index users! Great news for xUSD Index users! As part of our participation in LayerZero's RFP program, we’ve taken a snapshot of all xUSD Index users. If you made at least one deposit or withdrawal between February 15 and May 1, 2024, you’re in luck! You are eligible to receive 51.85 ZRO tokens. Check your eligibility for the airdrop on the LayerZero Foundation's website here: LayerZero Eligibility Check (layerzero.foundation/)
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✴️ Pendle Index Points ✴️ What are the points? Points are a measure of contribution to a certain protocol. Depending on their goals, projects issue points for different kinds of activities, e.g. liquidity provision, lending or staking. As a rule of thumb, once a protocol launches a token, a portion of these tokens are airdropped to users proportionally to their points. In the case of Pendle Index, users earn points of @eigencloud and liquid restaking protocols (@renzoai, @ether, @KelpDAO ) for staking their ETH and providing liquidity for liquid restaking tokens (LRTs) on Pendle. Where are points stored? Points are calculated and stored off-chain on a project’s backend. Pendle Index users can view the amount of points accumulated by the index in the β€œPoints” tab on the Pendle Index page. Points and potential returns The APY of Pendle Index does not take points into account, only including PENDLE and ARB incentives, restaking yield plus LOCUS staking rewards. Even though points will eventually be converted into tokens, it is unclear how many tokens the recipients will get since distribution is done at a team’s discretion. This fact, combined with volatile prices of airdropped tokens, makes it impossible to predict the impact on the APY of Pendle Index. Check out Pendle Index (app.locus.finance/vault/pend…)
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πŸš€ Penpie as a Tool to Increase Pendle Index Returns πŸš€ Discover how we leverage Penpie to boost returns for our users in the Pendle Index! πŸ” How does Penpie work? Penpie is a specialized tool we use to enhance the returns on Pendle LP tokens in our Pendle Index. By using Penpie, we maximize the APY for our users, delivering superior yield without requiring them to navigate the complexities themselves. In our Pendle Index, we stake Pendle LP tokens on Penpie to secure higher APY via vePENDLE boost. This strategy allows us to generate additional PENDLE rewards, delivering the best possible returns to end users. πŸ” Why This Matters for You By utilizing Penpie in the Pendle Index, we take care of the complexities to ensure you get the highest possible returns. This approach provides you with superior yield without the need to manage multiple staking strategies or tools yourself. Stay tuned as we continue to bring you more ways to maximize your investments with Locus.finance! πŸ’‘ Check out Pendle Index (app.locus.finance/vault/pend…)
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latest weekly report is here πŸš€ Dates: 03.06 – 10.06 Locus Yield ETH Price: 1.0173 ETH Weekly performance: +0.04% Annualized APY: 1.88% APY DeFi Core Index Price: 0.7263 USDC Weekly performance: -8.00% Outperformers: ETH (-2.45%) Underperformers: FXS (-14.25%) Arbitrum Yield Index Price: 0.8535 USDC Weekly performance: -0.54% Outperformers: GMX (+9.46%) Underperformers: JOE (-12.53%) Locus Yield USD Price: 1.0405 USDC Monthly return: +0.42% Annualized APY: 5.00% Pendle ETH Index Price: 1.047 ETH Weekly performance: +0.22% Annualized APY: 11.37% Net deposits, 31.05 – 06.06: -$31,398.14 Development status and updates xUSD price update bug fixed Mantle Index voting on Snapshot finalized, the index is expected to go live this or next week. Side note Market is slowing down due to seasonality. While no major moves are happening, the next 2-3 months might be a good time to allocate if you believe the next leg up is coming for majors and altcoins.
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πŸš€ What is Pendle.finance? πŸš€ We’re launching an educational series about our Pendle Index to help you understand its potential and benefits! πŸ” Pendle and Future Yields Pendle Finance allows users to trade future yields for DeFi products. The protocol uses tokenized Ethereum restaking strategies, letting users accrue points for future airdrops and earn above-market ETH yields. In our Pendle Index, LP tokens are staked via Penpie to boost vePENDLE APY, earning PENDLE, ARB incentives, and Eigenlayer points. πŸ”— Eigenlayer and Points Farming Pendle is a leader in ETH restaking powered by Eigenlayer, one of Ethereum's major innovations. Both have seen surges in popularity, with Eigenlayer TVL at $12B and Pendle TVL growing to $6.5B since January 2024. πŸ“ˆ Pendle's Growing Popularity Pendle has been at the forefront of DeFi since the start of 2024 due to the popularity of points farming strategies, mainly involving Eigenlayer and liquid restaking protocols. High demand for points resulted in skyrocketing prices of Pendle yield tokens (YT), which represent future yields. This increase in turn led to high yields for Pendle PT holders, i.e. for passive ETH and USD liquidity providers. The protocol opened up a massive earning opportunity for risk-tolerant point farmers and for risk-averse liquidity providers alike. The points farming craze helped Pendle prove its value during bull markets. Pendle is now becoming a key tool for investors looking to make the most of market upswings, thanks to its unique approach to future yields. With a Total Value Locked (TVL) of $6,513,770,136 and a Total Trading Volume of $19,491,127,926, its impact in the DeFi space is undeniable. πŸ” What Does Pendle Do? Pendle lets users control their yield through a permissionless yield-trading protocol. It tokenizes yield-bearing tokens into standardized yield tokens (SY), which are split into principal (PT) and yield tokens (YT), tradable on Pendle’s AMM for flexible yield management. Stay tuned as we explore more about our Pendle Index and how it can help you optimize your investments! πŸ’‘ Check out Pendle Index (app.locus.finance/vault/pend…)
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πŸ“’ Airdrop for Locus Users: Earn up to 2000 Rivo Points! We are introducing our partner project β€” @rivoxyz. It is a DeFi Yield Marketplace with Smart Contract Wallet, creating a curated one-click investment experience for retail users, and enabling them to build and manage their yield portfolio in DeFi. Rivo is constructed as a front page on top of DeFi and Locus Yield Indexes specifically curated for retail user experience. Locus.Finance Indexes are integrated into Rivo's DeFi marketplace, giving you the ability to manage your Locus investments using Rivo platform and gain access to other top DeFi strategies. Locus.Finance users always have special offers and rewards from Rivo as a part of appreciation your support. This time Rivo is rewarding our users and Locus token holders! Who is eligible? πŸ‘‰ Those who deposited in any Locus indices since January 30 πŸ‘‰ Locus token holders + Additional filtering based on total EVM networks wallet balance (minimum $2K) πŸ† Reward Points: 500-2000, depending on your on-chain activity. These points can be converted into Rivo tokens in Q4 2024 - Q1 2025. Rivo is allocating 3,000,000 Rivo tokens or 10% of the total supply for the program participants. Duration: May - June, 2024 ✨What are Rivo Points? Rivo Points reward users who contribute to Rivo protocol's success through investments, swaps, and referrals. Earned points can be converted into tokens from the community incentive pool. Early Points will be burnt 8 days after this announcement. Enter app.rivo.xyz/points and claim your points now! πŸ”₯
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🌐 Locus Indices Offers Locus Yield USD This omnichain index combines top-tier and niche stablecoins for balanced risk and above-market returns. The index consists of positions on multiple blockchains, combined into a single product, simplifying diversification of a stablecoin portfolio across multiple blockchains. DeFi Core Index Access the core layer of the Ethereum DeFi ecosystem through blue chip tokens and yield on top of it. Locus Yield ETH Enjoy stable and low-risk yield on your ETH through diversified exposure on Ethereum blockchain. Arbitrum Yield Index Build diversified exposure within Arbitrum ecosystem. Get upside potential and benefit from Arbitrum blue chip infrastructure products. Stay diversified, secure, and yield-oriented with Locus Indices. Explore Locus Indices: locus.finance/
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πŸ“Š DeFi Market Recap | May Highlights πŸ“ˆ Our latest market analysis for May is now live. Here’s a snapshot of the key events that shaped the DeFi landscape last month: β€” Market Recovery: The crypto market rebounded with a 21% increase in total capitalization, rising from $2.29 trillion to $2.79 trillion. DeFi's TVL remained resilient, ranging between $90 billion and $108 billion. β€” Top Performers: Liquid staking protocol Lido led the DeFi sector with a 16.64% TVL increase, while Aave V3 and Uniswap V3 also showed significant growth. Stablecoins hit a market cap of $161.1 billion, the highest in nearly two years. β€” Regulatory Milestones: The SEC approved several spot Ether ETFs, including those from major firms like BlackRock and Fidelity, marking a significant regulatory development for DeFi. β€” Security Incidents: May saw notable security breaches, including Pike Finance losing $1.6 million and a hacker draining $72 million in wrapped Bitcoin, later returning 90% after negotiations. For a detailed breakdown of these developments and their implications, read our full analysis on our Medium page. πŸ”— Read the full article (medium.com/@locus.finance/a-…)
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πŸ“Š 27.05 β€” 31.05 Index Report: πŸ”Ή Locus Yield ETH Price: 1.0168 ETH Weekly: +0.07% APY: 3.5% πŸ”Ή DeFi Core Index Price: 0.7808 USDC Weekly: +0.55% Outperformer: CVX (+1.89%) Underperformer: FXS (-4.20%) πŸ”Ή Arbitrum Yield Index Price: 0.8748 USDC Weekly: +6.03% Outperformer: GMX (+22.04%) Underperformer: GNS (+4.10%) πŸ”Ή Locus Yield USD Price: 1.0395 USDC Monthly: +0.29% APY: 3.5% πŸ”Ή Pendle ETH Index Price: 1.035 ETH Weekly: +0.3% APY: 15% πŸ”Έ Net weekly deposits: +$155,914.71 πŸ”§ Development Updates: - Bug fixes for xUSD harvests & price values due next week. - New xUSD strategy in dev: FRAX-USDC.e LP on Curve via StakeDAO (Arbitrum), expected APY up to 40%. - xARB allocation bug fix in ~2 weeks. - @0xMantle Index launch on June 11; Snapshot voting next week. πŸ†• Welcome new members! Mods can answer FAQs. For detailed queries, tag us! 🫑
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We're All Ears: We want to hear from you! We've put together a questionnaire to gather your feedback on Locus.Finance. It's your chance to tell us what you love, what you'd change, and what you want to see next πŸ‘‰πŸ» form.typeform.com/to/zIsAiX8…
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Locus.finance TVL Update πŸš€ Milestone of $250k in deposits is reached for Pendle ETH Index, pushing our total TVL to $1M! πŸš€ πŸ‘‰ Follow us on X (xitter.cf/Locus_finance) πŸ‘‰ Explore the Pendle ETH Index (app.locus.finance/vault/pend…)
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Pendle Index UpdateπŸš€ In few days, the Pendle Index has surpassed $250K in deposits! πŸ‘‰ Follow us on X (xitter.cf/Locus_finance) πŸ‘‰ Explore the Pendle Index (app.locus.finance/vault/pend…)
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πŸ”” New Pendle Index - Supercharge ETH yieldπŸ”” ​ We're rolling out the Pendle Index - a basket of yield-bearing LP strategies earning ETH restaking yield and protocols points. ​ We use @pendle_fi for liquidity provision, optimising rewards through @Penpiexyz_io, featuring liquid restaking tokens by @renzoai, @ether_fi and @KelpDAO, powered by @eigencloud. ​ ✨ Investment Highlights: ​ β€” Earn up to 20% APY β€” Automatic rewards autocompound β€” Both the index and underlying protocols are fully audited β€” Additional incentives in $LOCUS tokens ​ βš™οΈ Unique Features: ​ β€” Points Farming: Accumulates points from top liquid restaking protocols which are converted to tokens at TGE. β€” Maturity Management: Manages Pendle liquidity pool maturity for sustained performance and yield. β€” Diversified exposure: Pendle Index includes key liquid restaking tokens. ​ The Pendle Index is designed to provide users with one of the best yield sources in the current DeFi landscape, while also abstracting the many difficulties associated with investing in it. ​ Link: app.locus.finance/vault/pend…
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πŸ“Š Last Week’s Report: ​ The Pendle Index is live! 🌐 Earn ETH yields, LOCUS incentives, and restaking points: app.locus.finance/vault/pend… ​ Locus Yield ETH β€’ Price: 1.016 ETH β€’ Weekly: +0.08% β€’ APY: 4% ​ DeFi Core Index β€’ Price: 0.7808 USDC β€’ Weekly: +5.75% β€’ ETH: +21.03% πŸš€ β€’ FXS: +8.34% πŸ“‰ ​ Arbitrum Yield Index β€’ Price: 0.8285 USDC β€’ Weekly: +0.39% β€’ GMX: +2.73% β€’ JOE: -9.62% ​ Locus Yield USD β€’ Price: 1.0395 USDC β€’ Monthly: +1.18% β€’ APY: 14.13% πŸ“ˆ ​ Pendle ETH Index β€’ Price: 1 WETH β€’ Weekly: TBD β€’ APY: TBD πŸ’° Weekly deposits: -$12,380 ​ πŸ”§ Development Updates: ​ β€’ Bug fixes for xUSD & xARB next week. β€’ Depegs in yCRV & cvxFXS are temporary. β€’ Mantle index ETA: ~2 weeks.
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Token Distribution Update We've revised the token distribution chart to reflect recent changes: β€” Midas Allocation: Reduced due to the burn of unclaimed tokens (2.6M LOCUS distributed instead of 3.3M). β€” Emission Schedule: Smoother than initially planned. Initially, 400k LOCUS/month were assumed for vault incentives. Only 17k LOCUS were emitted over the last two months. Emissions are adjusted based on vault TVL to provide a moderate APY boost. β€” Treasury Allocation: Not yet minted. 750k LOCUS will be emitted to the treasury wallet once the Locus DAO is formalized. The DAO will vote on the allocation. The new emission schedule shows the distribution at 25%, 50%, and 100% utilization of the incentive allocation. Review the updated tokenomics document here: Tokenomics Document (docs.google.com/spreadsheets…)
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