Introducing Orbit - The native lending protocol on @Blast_L2
Joined January 2024
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Orbit lending/borrowing and the $ORBIT token are now both live on @Blast_L2 mainnet🥮🚀
Heres how you can skip the endless points by earning liquid $ORBIT yield and owning your Blast allocation 🧵
Get started:
orbitlending.io/
Orbit Protocol 🥮 retweeted
4/ On @blast:
⍛ wrsETH lending on @InitCapital_
⍛ wrsETH<>wETH vault on @Juice_Finance
⍛ wrsETH lending on @OrbitLending
⍛ wrsETH<>wETH vault on @hyperlockfi
5/ On @modenetwork:
⍛ wrsETH lending on @SturdyFinance
Our original domain temporarily is down
orbitlending.io
We've reverted to a temporary domain
orbitlend.io/
Check below for official CAs
Earn @blast Gold and APYs lending on @OrbitLending
Still over 60% APY for lending USDB on @OrbitLending's main secured pool
The Moon Pool will be deprecated today after resolution of the DETH incident. You do not need to repay your loans as all positions were dispersed directly to users in USDB
The Main Orbit Pool remains secured and operational
Reimbursements have been completed
All users who we're affected by the Duo depeg exploit have been refunded. disbursements assets were processed in USDB.
We remind users who originally to deposited/wrapped on Duo Exchange that they have the option to withdraw their Duo assets for a 1:1 rate.
We are covering 100% of users in the Moon Pool that were affected by the depeg of @DuoExchange DETH
All assets will be returned early next week in USDB at these market prices:
DUO ETH = $1000
DUO USD = $0.72
ETH = $2350
USDB = $1
Yesterday a major holder of DETH was phished for approximately 12.5k DETH tokens, causing a significant depeg in the price of DETH. This allowed an exploiter to deposit a large sum of DETH into the Moon Pool, enabling them to drain other assets (LSTs, Kelp and ETHERFI, are unaffected). As a result, the pool reached 100% utilization, preventing lenders from withdrawing their funds
Quickly after, we successfully minted a RESCUEFUNDS token in the Moon Pool to recover the exploiters DETH
This was only possible because the Moon Pool is not Time Locked as it’s a riskier lending pool. The main Orbit Pool is completely unaffected, protected by a Time Lock, and remains the most secure lending pool on Blast
After we recovered the DETH we received live updates from @blast and other partners that guided our decision. We have concluded we cannot speculate on DETH to repeg and will pay out users in USDB at market prices
If you were affected, then create a ticket in our Discord Otherwise, we will pay you out directly to affected wallet
We will be calculating users positions over the weekend and begin payouts early next week
Orbit Protocol 🥮 retweeted
Today in @Blast ("Duck Duck Blast"):
➡️ GM and happy touch grass day! I'm in a Hmong homestead now in the mountains with decent wifi! Not much news to cover, but the Big Bang winners could be announced tomorrow
➡️ @OrbitLending came to the rescue for all of their users impacted by the recent DETH depeg. They'll be paying everyone next week in USDB based on current market values
➡️ @DuckieBlastDash will launch a racing game with a refundable NFT on @blastr_xyz soon. You can try a demo version of the game on their site
➡️ @blast_roulette is a Telegram-based roulette game. They got 10K Gold and will launch October 20th with some ppl with partner airdrops getting their $BRA token on October 19th
➡️ You have one day left to get your @fantasy_top_ deck in for Main 21
➡️ OTHER: Memecoins are pumping all over the place due to a cult of personality forming around @MustStopMurad, who made a viral video on them recently. I'm personally selling vs. buying here
➡️ In token world, $ETH is flat at $2,465, $BLAST fell 2% to $0.0088, $ANDY rose 3% to 5.4 cents, $MACHI rose 3% to 14 cents, and $THRUST rose 2% to 9.8 cents
➡️ GIVEAWAY: Like, RT, and comment on one of these news items or add Blast news/alpha to win 100 gold. Yesterday's winner was... @archivum_saves - DM me your wallet!
We are covering 100% of users in the Moon Pool that were affected by the depeg of @DuoExchange DETH
All assets will be returned early next week in USDB at these market prices:
DUO ETH = $1000
DUO USD = $0.72
ETH = $2350
USDB = $1
Yesterday a major holder of DETH was phished for approximately 12.5k DETH tokens, causing a significant depeg in the price of DETH. This allowed an exploiter to deposit a large sum of DETH into the Moon Pool, enabling them to drain other assets (LSTs, Kelp and ETHERFI, are unaffected). As a result, the pool reached 100% utilization, preventing lenders from withdrawing their funds
Quickly after, we successfully minted a RESCUEFUNDS token in the Moon Pool to recover the exploiters DETH
This was only possible because the Moon Pool is not Time Locked as it’s a riskier lending pool. The main Orbit Pool is completely unaffected, protected by a Time Lock, and remains the most secure lending pool on Blast
After we recovered the DETH we received live updates from @blast and other partners that guided our decision. We have concluded we cannot speculate on DETH to repeg and will pay out users in USDB at market prices
If you were affected, then create a ticket in our Discord Otherwise, we will pay you out directly to affected wallet
We will be calculating users positions over the weekend and begin payouts early next week
We are aware of the dETH depeg and impact on the Moon Pool - we have taken action. We'll posting next steps and reaching out to affected users shortly as we discuss with relevant groups
The main Orbit Pool is unaffected and remains secure it only supports ETH, USDB and wBTC
Excited to support @ThrusterFi on their launch of $THRUST
They're helping with liquidity sustainability in the Blast ecosystem through their new gauge emissions system.
This Post is from an account that no longer exists. Learn more
You can now add Orbit to your mobile home page 🥮🥮
We added support for IOS and Android for a clean and smooth UI experience as a shortcut on your home screen
Just open up the app site on your phone and add in 2 clicks
app.orbitlending.io/
L: IOS
R: Android
