Today we're launching Decal Treasury.
Your idle cash now earns automatically — and that yield funds a loyalty program that pays for itself.
One toggle. New revenue. Zero work.
Here's the whole idea 🧵
.@uselulo team pushed some UI improvements to new app
- APY hero
- Better deposit slider
- Improved SOL handling
- Clear protocol exposure
- Various bugs, visual things, small tweaks
Thanks for the feedback
With Protected deposits, the question was always a "when", not an "if", regarding exploits.
The system is designed so that your users stay earning, and you keep their trust.
Since the hack, Protected TVL has hit an all-time high.
Last week one of the biggest DeFi exploits ever happened on Solana.
Now that some of the dust has settled, I wanted to share a recap of how things played out on our end and what it means going forward ⬇️
FDIC just proposed rules for the GENIUS Act. Stablecoin issuers need 1:1 reserves in treasuries and cash, must redeem within 2 days, and large redemptions over 10% of supply require FDIC notification. Stablecoins themselves aren't FDIC insured though. The reserves are.
Today, our Board of Directors approved a proposed rule that would establish requirements under the GENIUS Act for FDIC-supervised stablecoin issuers.
fdic.gov/news/press-releases…
ALT Text: GENIUS Act Requirements and Standards. Notice of Proposed Rulemaking.
New deposits, protected, boosted, and Direct all operating normally.
Users with existing funds stuck in Drift via Direct will need to wait until we learn more from the Drift team.
Everyone else is safe and can resume operating as normal.
Drift may have suffered a vulnerability.
Protected and Boosted have 0% exposure.
Classic deposits that are in Drift (you can check in the ui) may be affected.
More updates as they come.
took a 2 week break off socials, ended up bein 5 weeks
mood and willpower up
you truly dont realize how much the negativity and crap pollute your thoughts
tryna figure out a good strategy from here, but even looking at the for you gives me disgust, prob a good sign