Spin I Announcements
β¨Embracing the Next Chapter π²
https://x.com/spin_fi/status/1798301581601046691
MultiVM: Zero Risk with ZK π§
Ready to dive deep into the world of MultiVM?
Our latest article dissects its key specifications, from account management to ZK-proofs, giving you a comprehensive understanding of how it works π
https://multivm.medium.com/multivm-specifications-563b1fef9278
MultiVM: Execution is Everythingπ₯
In our latest article, We discussed about the revolutionary concept of MultiVM as well as the intricacies of its implementation and the dynamic functions which makes MultiVM a game changer!
Read the full scoop here ‡οΈ
https://multivm.medium.com/multivm-overview-aa5d9d3a75b9
The dominance of EVM chains? Obvious.
The challenges to be solved? Many.
βΎLack of interoperability
βΎMigration challenges for non-EVM platforms
βΎLiquidity silos
Solution? A universal MultiVM execution layer π₯
MultiVM is a game-changing platform that empowers developers to build dApps efficiently
How? Let's dive deeper π
https://x.com/multivm_io/status/1729529333251764358?s=20
The dominance of EVM chains? Obvious.
The challenges to be solved? Many.
βΎLack of interoperability
βΎMigration challenges for non-EVM platforms
βΎLiquidity silos
Solution? A universal MultiVM execution layer π₯
Letβs make some noise π
Join the first MultiVM AMA with our CBDO @johnmisk.
X Spaces, November 21, 3pm UTC.
Ask your questions in the comment section on X or on Discord
π https://twitter.com/i/spaces/1BdGYrpnOvQJX
Eager to learn more about MultiVM?
Head for https://docs.multivm.io/ π₯
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Detailed product info
β
Architecture
β
Roadmap
All information you need to know, well structured and easy to read!
Spin Evolves: The Rebranding to MultiVM and a Strategic Pivot in Development π₯
For every DeFi protocol, staying current with the market's demands is crucial. Our journey as Spin, filled with both successes and lessons, brings us to a pivotal moment: the unveiling of MultiVM.
Dive deeper into the full story of Spin's evolution to MultiVM and our strategic pivot.
Read our article on Medium and join us in shaping a unified DeFi landscape π
https://spin-fi.medium.com/spin-evolves-the-rebranding-to-multivm-and-a-strategic-pivot-in-development-4a81fbe510b0
A big announcement is brewing π₯
Get yourself ready for a major update.
Coming soon.
11/15.
The Evolutionary Journey of Spin π£
Here's a quick recap of our journey π
https://spin-fi.medium.com/the-evolutionary-journey-of-spin-052e71609758
Aeria Finance's New Product Alert π
Introducing the BTC one-touch options strategy powered by the Spin tech π₯
Built on Base, it offers high yields with capital protection.
All you need to know π
https://medium.com/spin-finance/aeria-launches-btc-one-touch-options-strategy-on-top-of-spins-infrastructure-10c25046a9bf
Exciting news: Aeria Exotic Option strategies are now live on the Base network π₯
The new BTC One-Touch strategy has been built on top of the Spin infrastructure.
A really unique product in the Base ecosystem, learn more π
https://twitter.com/aeriafinance/status/1699438442281652407
The market is boring you say?
The market is just about to explode.
Derivatives sector stats:
π’ Total market cap: $1.53 bn
π’ TVL: $1.18 bn
π’ 24h fees: $532K
π’ 24h revenue: $305K
Probably nothing.
Data source: Token Terminal
Voting Results: Postponement of Freaky Elves Round β²οΈ
Based on the majority vote from Freaky Elves holders, the token sale round will be postponed. It will be launched alongside the other two rounds when the market conditions are more favorable.
You can find the details of the voting here: https://docs.google.com/spreadsheets/d/1akiwkizq_zMhwaDD844PfwP7ViUN4sdPIF5mntAvoPI/edit?usp=sharing
β‘ Token Sale Postponed β‘
The Spin team has conducted an analysis of the latest token sale events and the subsequent token performance. Unfortunately, the current market conditions are not favorable for the token launch. There is a significant risk of token depreciation in the current market climate.
As a result, we have decided to postpone the token sale event until there is a shift in the market sentiment.
Freaky Elves holders have the opportunity to vote on whether they prefer to postpone the priority round or utilize their priority access right away (at the current valuation) to receive tokens at a later date.
The voting will finish July 11, 3 pm UTC.
More info can be found in this article: https://medium.com/spin-finance/postponement-of-the-spin-token-sale-7cf5a0c8105d
UPD: We'll host today's Spaces on Twitter.
See you all soon!
Set a reminder π
https://twitter.com/i/spaces/1RDGlagqrNgJL
Get ready for the most exclusive opportunity tailored to our dedicated community members: Spin's Priority (Freaky Elves) Round π₯
Here's everything you need to know to join the excitement and be fully prepared π
https://spin-fi.medium.com/priority-round-deep-dive-4fcca92f10d7
Join Spin's AMA with the Spin Rave partners: NEARMobile and NEARStarter ποΈ
Wen: Tomorrow, 12 pm UTC
Where: Spin's Discord π discord.gg/spinfi
See ya all soon to rave together π₯
Spin has reached an impressive $1 million in TVLπ₯
New all-time highs are on the horizon.
The final week of the Spin trading tournament is here π₯
Claim your shot at a share of the 1,500 USDC rewards pool.
Don't miss out!
Get ready for a chance to win big with Spin Rave!
Just buy any amount of $SPIN π₯ and you could score amazing NFTs like:
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FewandFar NFTs worth $1,000
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El Cafe Cartel NFTs valued at $500
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NFTs from Here Wallet, Playible, and Beetogether
What makes $SPIN such a sustainable and rewarding asset? Its utilities, of course πͺ
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$SPIN provides real yield
Investors can stake SPIN to receive 50% of the platform's fees in $USDC as a reward.
In addition, there is accrued yield in escSPIN, which can also be staked.
If a user wishes to convert escSPIN to SPIN, it should be vested, thereby reducing selling pressure.
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$SPIN serves as an incentivization asset
Users of Spin receive rewards in $escSPIN for actively using the protocol β trading, market making, and investing.
When users stake $SPIN or $escSPIN, they also get Spin Points (SPs).
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$SPIN boosts yields
Spin Points are awarded based on the staking time of SPIN and escSPIN.
These points increase a user's share in Spin's income pool, boosting their yield.
β
$SPIN enables governance
In the future, holders of $SPIN will have the opportunity to participate in governance!
Learn more about the utilities here: https://docs.spin.fi/spin-token/spin-utilities
Want to earn compound yield on your $NEARX? π°
Look no further than Spin! We've partnered with Stader to bring you the $NEARX DeFi Option Vault. Level up your rewards and dive into this DeFi powerhouse!
Check it out now: https://vault.spin.fi
Only two weeks left until the highly anticipated token sale! π₯
Have you set your reminders? π