After two hours of refreshing sleep, excited to ship
@CompoundORE and introduce my technical cofounder
@CompoundOreDev.
With the open beta live, you can now deposit your
@OREsupply and enjoy no-click compounding and interest free no liquidation 7wk cash advances.
As we are in beta, we encourage you to use a test wallet to interact with the protocol. We have set a deposit cap of 5
$ORE and a loan cap of $5 USDC for now... I have 50
$ORE deposited and $1k available to lend as my skin in the game and these figures will grow materially over the coming weeks. We intend to do a full audit before exiting beta and fully removing caps.
Within a week we will ship a 4wk cash advance that loops. As soon as a loan is paid off, a new out cash advance is immediately taken out on your behalf. You will get to use your 15-20% real yield to power stacking in a token of your choosing and have it sent to a wallet of your choosing. This feature will be perfect for powering your
@OREsupply autominer or stacking stocks on
@Solana with our launch partner
@RemoraMarkets.
Anyone who deposits at least 1
$ORE on the platform will enjoy their pro rata share of 0.5
$ORE airdropped daily based on your
$indieSOL holdings. This is part of our
@Layer_33_ partnership to encourage network diversity.
Depositing at least one
$ORE will also make you eligible for our inaugural "art drop" that will occur at the end of the beta in 4-8 wks. This drop is in partnership with
@Fran_nubes and our permanent collection at The
@Collective_ORE. Those that dare to dream big with us will have a shot at winning an edition of
@Fran_nubes' namesake work "Head In The Clouds" that is pictured below.
CompoundORE.com