Open Dollar

The Vault Keeper Program has officially begun! 🥳 🔩 Earn Bolts and get rewarded for using and promoting the Open Dollar protocol Register today and be the first to share your referral link with your friends - they get a welcome bonus and you get 10% of all the Bolts they earn! 📢See our announcement to get started: opendollar.com/blog/vault-kee…

Time to top up those risky vaults. Stay safe, friends.

Read more about Non-Fungible Vaults: opendollar.com/blog/why-non-f…

Liquity V2 (an upcoming decentralized stablecoin) codebase is live so we can share this: their CDP uses the same Non-Fungible Vault design as Open Dollar. That means Liquity V2 and Open Dollar vaults could each be traded as NFTs. 👀

@letsgethai @0xSpicySoup @reflexerfinance @SIGNAL_RETURN @arbitrum 💘

@0xSpicySoup @reflexerfinance @SIGNAL_RETURN @open_dollar @arbitrum we love @open_dollar

@newsereum @protocol_fx Here's the contract for OD. No freeze function. github.com/open-dollar/od…

Any other stable coins worth looking at without a freeze function? @protocol_fx ? @open_dollar ? x.com/newsereum/stat…

There's also a misconception that USD-pegged stablecoins are inherently stable, as the value of the US dollar itself is subject to inflation and infinite printing

@coderdannn @CupOJoseph Never

@CupOJoseph @open_dollar wen rebrand

If you're unhappy with DAI/sky, check out @open_dollar DM me and I will walk you through using it one on one

Open Dollar founder, @CupOJoseph, took the main stage for a keynote on building stable currencies at ETH Tokyo today. The energy in this room is incredible!

Borrowers should buy OD so the redemption rate goes down.

@pashov No way! Every vault on Open Dollar is a 721 and everyone loves it

ERC721 - the standard that is slowly going away? When I started doing security audits in 2022 ERC721 was still hot, basically every protocol used/integrated with it Nowadays, going through 10s of repositories each month, ERC721 isn't common at all, seems to be disappearing

Market: 1 OD = $1.00 Protocol: 1 OD = $1.0087 Even more stability measures are coming

RAI dune.com/kyoronut/RAI HAI dune.com/kyoronut/hai OD dune.com/kyoronut/open-… @reflexerfinance @letsgethai @open_dollar

Open Dollar mentioned 👀 decrypt.co/242738/central…

@PendleIntern Should we make people recite this when they take more than 2x leverage on Pendle PT tokens on Open Dollar?

Imma need all of you to recite this before going through any of my posts

Looks like @open_dollar is a real Money God now 🗿

@goforlindsey Check it out! arbiscan.io/address/0xa7af…

@open_dollar That's an incredible implementation 👏👏👏

Investors voting with locked tokens comes with high friction and operational risk to execute on short notice. We saw this from our early calls when we built out Hedgey investor lockups so we baked in a few governance specific features. - Voting with full allocations using erc20votes standard (while still being being locked) - Delegating to one or more recipients from a single wallet - Assigning a Delegator wallet that can flexibly delegate on your behalf Until we reduce friction with the largest token holders of a project being able to dive in on governance proposals with low operational risk and friction this type of risk will only get bigger it seems

@digital_monad @pendle_fi @CreditGuild @letsgethai Pendle PT tokens coming as a collateral type on Open Dollar this week too!

Check out our docs to learn more📖🙇‍♂️ docs.opendollar.com/PID-Controller Ask questions in our discord⁉️ discord.opendollar.com

Voting to turn on our PI controller is live 🔥 The PI (Proportional Integral) controller adjusts the redemption rate of OD to maintain OD price stability The PI controller: 1️⃣ Aligns market price with OD target peg 2️⃣ Automatically creates arbitrage opportunities 3️⃣Prevents bad debt and maintains a healthy protocol Cast your vote below👇 gov.opendollar.com/dao/proposal/4…

🗳️ Cast a vote to add @pendle_fi PT-rETH & PT-wstETH as supported collaterals to Open Dollar! 📣 Voting closes at 3:42am ET, July 28th Cast your Vote👇 gov.opendollar.com/dao/proposal/2…