2/Public Testnet is live for $USK on ORCA!
🔹Provide collateral & mint $USK
🔹Place a bid using $USK
🔹Why will $USK on ORCA be huge?
👉🏻Kujira partnering with various lending platforms
👉🏻Orca bids with $USK will provide buyers for liquidated collateral
👉🏻Fees to Kuji Stakers
3/What is $USK and how does it work?
🔹$USK is a collateralized debt position(CDP) stablecoin
🔹$USK can be minted by locking up $ATOM as collateral, later $KUJI, in exchange for $USK
🔹@danku_r created a diagram to simplify the mechanism for you 👇🏻
4/FIN Trading Competition!
🔹 Begins on Aug 22nd at 1500 UTC
🔹 Performance = Profit / (start balance + deposits)
🔹Prizes in $USK
👉🏻1st : 24,500
👉🏻2nd:12,250
👉🏻3rd: 7,375
👉🏻4th-10th Place:839.29
🔹Look 👇🏻 to see the rules on how to participate
5/Kujira is now on @yieldmos !
What is @yieldmos?
🔹Mix&match yield strategies across Cosmos in one non-custodial platform
🔹Customize: risk level & auto-compounding rewards
🔹Possible Benefits for Kujira?
👉🏻Added use case for $USK
👉🏻Strategies with ORCA FIN, @CALC_Finance
6/ $LOOP on Kujira?
🔹Vote now on gov proposal 31 "Deploy LOOP-axlUSDC FIN Market" 👇🏻
🔹Maybe we will see future use of reward NFTs on Loops Marketplace? @LoopDeFi_NFT
👉🏻Maybe a $KUJI Whale NFT stakeable for $KUJI tokens 👀
7/@CALC_Finance had an interview with @KujiKast
🔹CALC: DCA tooling for Kujira
🔹Partnered with @kado_money to make on/off ramping fiat with DCA a seamless experience
🔹Building more tools on the horizon
👉🏻possibly autostaking after DCA
🔹Check out the team below👇🏻
8/@BlackWhaleDeFi confirms they will give revenue back to Stakers.
🔹50% of revenue will go to $KUJI stakers, regardless of whom they validate to
🔹Black Whale is a automated market maker that balances liquidity
9/@TeamLocalMoney also gives back to $KUJI stakers!
🔹@TeamLocalMoney is a on/off ramp for fiat to crypto
🔹How is it different?
👉🏻10% of revenue goes directly to $KUJI Stakers
👉🏻Decentralized-no central entity controls user funds
👉🏻Peer to Peer offers and trades
10/ Noticed a lot of fees going to $KUJI stakers? So did I, lets list them:
🔹@TeamLocalMoney on/off ramping (10% of revenue)
🔹@BlackWhaleDeFi market making (50% of revenue)
🔹ORCA withdrawal fees (0.5%)
🔹 $USK minting(0.5%), liquidation fee (1%)
🔹FIN trading fees
11/Still unsure of the value of Kujira?
🔹@CryptoHarry_ provides a great 🧵 on several of the dApps on Kujira and the value they bring to the ecosystem 👇🏻
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