Protocol Performance
TVL continues to hover around the $100m mark.
Protocol Performance
TVL has remained relatively stable this last few weeks, peaking at $110m but consistently hovering around the $100m level.
PICKLE SURVEY — PLEASE COMPLETE! 🙏
We’ve put together our first short sharp survey aimed at helping us to understand who our current users are, what they like and dislike about Pickle, and what (if anything) similar players in the space are doing better or differently.
It should only take a few minutes and will help massively, so please complete 💚
The week that was
We started last week by launching our collaborative Liquity $LUSD Jar with B.Protocol. This was a great example of DEFI lego and illustrates how protocols can focus on their core strengths while working together to deliver optimal end user benefit. B.Protocol …
The week that was
Our rebrand launch had a great reception this week! The launch tweet had over 80k impressions and 4.5k engagements, with the new website in particular gaining praise.
Thanks to the huge effort by all involved — Linsy, Mark, Fennec & Jan in particular 💚
We launched three more new Jars this week, all from Abracadabra 🧙
- SPELL-ETH: Ethereum, TVL $446k, APY 141–177%
- MIM-ETH: Ethereum, TVL $292k, APY 70–105%
- MIM-3CRV: Ethereum, TVL $1.25m, APY 22–31%
We’re also in discussion with the Abracadabra team about being able to use pTokens as collateral … watch this space 👀
We distributed 6,607 $PICKLE…
Website | Twitter| Github | Discord | Forum
TL;DR — New Jar for Liquity’s LUSD holders in collaboration with B.Protocol. With our combined autocompounding magic, APYs are >20% for stablecoin yield 🤑.
B.Protocol Integration 🤝
We are happy to announce a special collaboration with B.Protocol, a next-generation DeFi protocol that aims to optimise and automate the lending platform experience.
B.Protocol’s V2 design features B.AMM, a fully autonomous vault-like smart contract that manages liquidations for users, allowing for better capital efficiency across DeFi lending protocols.
We at Pickle are proud to provide our very own contribution to this advanced set of “money legos” with…
The week that was
We launched three new Jars this week!
- MAI-QI from QiDao: Polygon, TVL $85k, APY 615%
- IS3USD from Iron Finance: Polygon, TVL $3m, APY 33%
- D4 by Saddle Finance: Ethereum, TVL $1.75m, APY 32% — plus an exclusive NFT by our resident artist fennec for the first 50 depositors (still a few slots left at the time of publishing this!)
We missed last week’s update because … reasons. Sorry. We’ll make it up to you with plenty of crunchy Pickle news this week.
Welcome to Pickle Finance
The Pickle rebrand and brand new website is coded up and almost ready to go, we plan to release this week after a few final tweaks …
The app design is also complete! Work is underway to code this up and it should release within coming weeks, including fused Jars and Farms and Zaps.
We decided to launch the rebrand and new landing page first rather than wait for the app, but be aware that the two…
PolygoNOW
The big event for this week was of course the much anticipated launch of Pickle Finance onto Polygon, supported by the Polygon team with a generous contribution of MATIC rewards.
This was a huge focus for much of the Pickle team over recent weeks and a huge amount of work went into it, so it felt great to release and see the buzz from both the Pickle community and beyond. We’re already seeing many newcomers discovering Pickle for the first time, which is awesome to see.
Read more about it here: https://picklefinance.medium.com/pickle-finance-launches-on-polygon-f544cf65a7d8
We are proud to announce that Pickle Finance is now LIVE on Polygon!!
Just over nine months since Pickle launched its first Jars on Ethereum, a new Pickle Finance is born over on the extremely popular Polygon.
POLYGON: Built by developers, for developers
Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system. Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security.
This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc, but with at least three major upsides:
1) It is able to fully benefit from Ethereum’s network effects
2)…
Liquity Provider
This week we launched our first symbiotic Jar strategy for Liquity.
This Jar takes staking rewards in the form of $LUSD and $ETH and compounds them into more $LQTY meaning your staking position grows over time.
