OpenState

@eatsleepyeet is the first protocol to use OpenState's liquidity incentives program, by pairing with osBGT they'll enjoy deep liquidity across the PSMs and @KodiakFi osBGT pools as well as a yield rebate on the osBGT balance held in the pool (paid directly to their treasury).

Some bootstrapped liquidity has been added to the pool to enable secondary trading of sWBERA immediately, this pool is expected to become one of the main osBGT pools and serve a crucial role within PoL.

Submitted Reward Vault Request for osBGT-sWBERA on Kodiak with incentive tokens of osBGT and sWBERA. OpenState's main role is to act as a liquidity connector, with this new pool it enables sWBERA holders to exit without waiting for the 7 day exit queue.

As part of osBGT's mission to be the center liquidity piece of BGT you can now mint it with iBGT, oriBGT, LBGT and stLBGT. The fees for the LBGT/stLBGT PSM are dynamic based off the balance of the PSM so check the exchange rate before using it.

This is the power of osBGT-eWBERA, the WBERA side of the LP is earning a yield of 87% on top of the 157% APR from the Infrared vault.

eWBERA-4-osBGT-0.3% @KodiakFi LP tokens are now live for auto-compounding🎉 This LP by @OpenStateFdn greatly enhances liquidity for 🅱️ooping oriBGT while directly benefiting from it too! As usual: 🔸No deposit / exit fees 🔸Compounds every 10min 🔸1% fee on yields only

Note: This vault holds around half of its balance in eWBERA-4 which has a native lending yield (on average 50%+ APY) thanks to the Euler Tulipa Folding Hive market, this is on top of the yield shown in Infrared's page.

eWBERA-4-osBGT vault is now live on @InfraredFinance infrared.finance/vaults/kodiak-…

100 osBGT has been sent to the winner berascan.com/tx/0xa0109fdea…

To inaugurate the vault 100 osBGT will be given randomly to a single user holding the eWBERA-4-osBGT-0.3% LP token. There's no minimum size required or maximum amount of addresses for entry. LPs can be obtained by adding liquidity here: app.kodiak.finance/#/liquidity/po…

Great news for oriBGT 🅱️oopers! 🎉 This @OpenStateFdn RFRV pairs osBGT with the WBERA receipt token from the @tulipacapital Folding Hive on @eulerfinance eWBERA-4 by itself earns a steady ±42% APY from 🅱️oopers already Soon to be earning auto-compounded LP rewards too 💠

@BacklashPics @eulerfinance @tulipacapital @InfraredFinance @origami_fi eWBERA-4 is the WBERA lending receipt token of the Euler Tulipa Folding Hive market which offers WBERA leverage against oriBGT collateral

Submitted Reward Vault Request for Kodiak Island eWBERA-4-osBGT-0.3% with incentive tokens osBGT, eWBERA-4 and WBERA. This is the first vault of its kind leveraging the capital efficiency of @eulerfinance @tulipacapital @InfraredFinance and @origami_fi

osBGT, explained. 0:00 Introduction to osBGT Architecture 3:08 Understanding iBGT and BGT LST Models 6:01 Exploring osBGT and Its Unique Features 8:59 The Role of Anchor PSM in osBGT 11:46 Dynamic Fees and Market Implications 14:50 Risk Management in osBGT 21:09 Current Performance and Future Plans 24:01 Third-Party Pools and Protocol Liquidity 26:57 Expanding OpenState Beyond BGT [Featuring @SafeRatios from @OpenStateFdn]

Stats since launch: - Over 30k swaps through the PSM - Over $3 Million of volume through the @KodiakFi osBGT-iBERA pool - 700k+ osBGT in circulation - 2,000%+ APY on osBGT-iBERA for LPs on @origami_fi - 25% + of iBGT volume routed through osBGT pools for large swaps

@openstate/introduction-to-openstate-d37389ed53ae" target="_blank" rel="nofollow noopener">medium.com/@openstate/int…