DELV (formerly Element) ᛋ Profile picture
May 12, 2021 7 tweets 3 min read Read on X
The community turnout for testnet.element.fi has been incredible since its launch on Saturday.

Let's reflect on the progress we've made so far ↓🧵
The stated goals for the testnet were 📋
⋅ Let anyone test the whole platform
⋅ Find bugs in the UI or contracts
⋅ Get feedback to improve the platform

So, how're we doin'? 1/...
First takeaway: the community showed up, big time 😤

Four days in, 1000+ unique addresses have interacted with the testnet and 5,000+ trades have been made via the pools. 2/...
From that, ~150 community members exchanged 700+ messages in our #testnet channel on discord.element.fi.

Feedback is flowing, resulting in 30+ issues and feedback raised. Some are volunteering to write docs. Some are sharing specs for products they're building🫂 3/...
In response to the immense feedback, the team has cranked out 44 commits across 26 pull requests for improvements to the UI and overall performance since Saturday. And we're stilling going 💪 4/...
We all may have even contributed to temporarily crashing the Georli ETH faucet 😅 5/...
The launch has far surpassed our most optimistic expectations. Huge shoutout to everyone who's participated so far. The energy and care y'all are bringing means so much 💞🧝

We have more updates coming that you def need to check out so stayed tuned! 🚢

Onwards to mainnet! 🚀 6/

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with DELV (formerly Element) ᛋ

DELV (formerly Element) ᛋ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @delv_tech

Mar 31, 2023
New name. New identity. New products.

Element Finance is now DELV, the factory for DeFi.
2/ We’re a team of researchers building the complete suite of decentralized finance.

From core infrastructure to structured products, our protocols work together to help create and usher in the new financial system.

delv.tech
3/ Let’s take a tour of our suite of products:
• Element Protocol
• Elfiverse
• Echo
• Hyperdrive
• Council
• Agent_0 Image
Read 11 tweets
Feb 7, 2023
1/ Hyperdrive is the next research leap from the Element Finance team on variable and fixed rate primitives

No preset expiration dates, no fragmented liquidity, and no LP rollovers, aka everlasting liquidity

A concept so powerful, you have to experience it yourself

Play now 👇
2/ Hyperdrive introduces a Market Sentiment Indicator (MSI) for DeFi interest rates

A balanced system of longs and shorts captures the wisdom of the crowd

We have fixed rates under the hood, but there is so much more!

hyperdrive.element.fi
3/ The fixed rate IS the market sentiment indicator 🤯

If it doesn’t exactly equal the average variable rate, there is profit to be made

Who makes the volatility profit?

You can, intrepid user!

Certainly, being 24/7 on CT, you know where rates will go!
Read 6 tweets
Jul 13, 2022
1/ As Web3 companies, DAO’s, and protocol operations continue to mature, prioritization on treasury management continues to be an area of focus for the majority.

The most common question being, "How does one get started?"

🧵👇🏻

medium.com/element-financ…
2/ Historical treasury management practices offer a wealth of existing, time-tested experience that the Web3 space can leverage – starting by looking at what has made for good treasury management strategies and practices by existing companies and corporations.
3/ Treasury portfolio construction could be viewed with a deeply academic approach, starting with a clearly defined goals and investment mandate, which outlines a treasury’s purpose and establishes a set of principles.
Read 6 tweets
Jul 12, 2022
1/ Element Finance was a proud sponsor of this year's #ETHNewYork, @ETHGlobal’s premier blockchain hackathon.

Congratulations to the 3 winners who built on top of Element:

Worktree, Chainality, and Live Fluid! 🥇🥈🥉

Let’s take a look at each of the winners…
2/ Best Overall Use of Element Smart Contracts:

Worktree - A tool that automatically creates and deploys a ZK airdrop contract associated with a Github repo.

ethglobal.com/showcase/workt…
3/ Best NFT Derivatives Project:

Chainality - An on-chain NFT rewards royalty derivatives project that rewards users for on-chain actions with derivative NFTs that can be resold on a speculative marketplace.
Read 5 tweets
Jul 7, 2022
1/ Scalability and privacy have come to Element fixed rates via @aztecnetwork.

L2 scaling has always been one of our most anticipated features. How does it work, and what does it mean for the market? Read on to learn more!
2/ This supercharges fixed rates:
- Lower profitability barrier, regular users can participate
- Privacy & security
- Volatility harvesting on yield rates becomes significantly more efficient

Learn more here:
mirror.xyz/0x3fcAf7DDf64E…
3/ How does it work?

Aztec's bridge contract connects Element's DAI term with Aztec's rollup, enabling users to send their Element fixed rates purchase and redeem txs through Aztec's L2. These txs are batched 3 times per day, reducing gas fees and achieving several things:
Read 7 tweets
May 20, 2022
1/ We are happy to introduce the Governance Steering Council (GSC) dashboard!

Read on to see what this means for the community governing Element DAO.

mirror.xyz/0x3fcAf7DDf64E…
2/ It allows members of the GSC to:

-Join and formally accept their role in the GSC
-Push proposals to an on-chain vote (bypassing the off-chain sentiment poll)
-Vote on proposals
-Leave the GSC voluntarily
-Kick other members that have fallen under the current threshold
3/ It allows members of the Element community to:

-View GSC eligibility
-View activity and hold GSC members accountable
-Track the GSC members voting power
-View a list of “Rising Delegates”
-Kick members that have fallen under the current threshold
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(