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May 20 • 4 tweets • 2 min read
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
4/ If you need any help, please get in touch! Join our Discord community and ping us in our #questions channel!

discord.gg/NG8kukHchQ

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More from @element_fi

Element Finance Profile picture
Feb 17
Join us at Schelling Point for @wjvill's talk 15 minutes from now, or watch it online at the link below 🚀

CaN't BuiLd CoMMuNiTy: Building in DeFi from the inside out

twitch.tv/schellingpoint…
@wjvill Live now!

Check out @wjvill’s talk at @gitcoin’s Schelling Point in the link below🔥

twitch.tv/schellingpoint… Image
Building Community is about:

-Sophistication
-Inviting Early Believers
-Hiring Well
-Having an Additive, not Extractive Mindset
-Incentivising Community
Read 12 tweets
Element Finance Profile picture
Dec 16, 2021
1/ Element Finance is in the process of integrating our markets with @GearboxProtocol. In the meantime, our LPers have been whitelisted for Gearbox Protocol’s Credit Account Mining program! What does this mean for Element's community? Read on to learn more 👇
2/ Gearbox allows users to borrow up to 5x of their initial deposit and use these borrowed funds as their assets across different DeFi platforms.
3/ Once Gearbox integrates our products, Element users will be able to take larger Fixed Rate positions, stack up more Yield Tokens, or implement their favorite Element strategies with the added size of Gearbox-borrowed funds!
Read 5 tweets
Element Finance Profile picture
Dec 16, 2021
1/ We’re excited to announce that L2 scaling is coming to Element through @aztecnetwork!

Lower gas costs have been one of the most awaited features by the Element community, and we’ve chosen Aztec as our first exploration into L2 scaling solutions.

medium.com/element-financ…
2/ Element transactions with Aztec will be batched into rollups that will be scheduled to run based on the relative demand per asset. This means that as demand grows, batches will run more frequently and become larger resulting in cheaper gas costs per transaction.
3/ After careful analysis, we’ve come to the conclusion that the integration with Aztec Network could bring gas savings ranging from 6x to 40x on average, depending on the specific term and asset.
Read 8 tweets
Element Finance Profile picture
Dec 1, 2021
1/ We’re happy to share that the @componentfi team has launched the first iteration of a Yield Token Compounding (YTC) tool built on top of Element finance that you can try today.

Follow the 🧵and find out how a user got 9% variable exposure to $134K by spending $3.4K.
2/ Before we dive into the thread, remember that YTC is the action of a user recursively Minting and Selling their Principal Tokens(PTs) into the AMM to increase the overall quantity of their Yield Tokens (YTs), in result, increasing their yield exposure.
3/ In the current case, the user started off with an initial amount of crv3Crypto: 8.8414.

At a market value of $1,855 per crv3Crypto this accounted for $16,400 ($1,855 x 8.8414).

The Starting Fixed Rate observed on Element’s markets was 3.51% and the Variable Rate was 13.83%.
Read 12 tweets
Element Finance Profile picture
Oct 20, 2021
1/ The first crvSTETH 6 month-term is live!

The new term is netting 3.70% APY & 3.03% Fixed APR on your ETH ⟠ 🔥⟠ 🔥

How does that sound? 🎶🎶🎶

Follow the 🧵and find out how to get exposure to fixed rates in ETH 👇 Image
2/ Click on curve.fi/steth/deposit, get your wallet ready, and
enter the amount of ETH or stETH you want to deposit.

Click on “Deposit”. Image
3/ Next, click on app.element.fi/fixedrates, scroll down and click on the new six months steCRV Principal Token option 🚀 Image
Read 5 tweets
Element Finance Profile picture
Sep 22, 2021
1/ The new DAI term is live 🔥🔥🔥

Currently netting 4.46% fixed APR! Start securing your fixed return in stables now ⬇️

app.element.fi/fixedrates
2/ Click on the DAI Principal Token section:
3/ Make sure that:

1- The Jan 28, 2022 term is selected, and then input the amount of DAI that you want to deposit.

2-Approve Balancer, which Element uses for trading, to spend your DAI.

3- Click buy and approve the transaction.
Read 6 tweets

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