Thread by @near_insider

1/13

Recently, @PolarisFinance_ has suffered from many negative events, which adversely affect the project as well as its users. So what did Polaris have to go through? What has the project done to remedy that?

Let's find out with Near Insider through this thread!

#NEAR $NEAR

2/13

The crash of Luna has negatively impacted the crypto market as a whole. So having a token pegged to Luna has severely impacted Polaris.

3/13

What happened next was even more serious. While the market was in a gloomy situation, several whales on Polaris started to sell their $SPOLAR, causing a "panic" sell on Polaris.

4/13

The more serious the panic sell situation, the more FUD about the project also began to appear. Although Rippa - The co-founder of the project wrote more than 40,000 messages to reassure the community, the problem didn't get better.

5/13

However, everything has an endpoint. Panic selling stopped, there was no more FUD. The storm has passed, and now it's time for the recovery.

6/13

Polaris quickly rallied to 167% with $SPOLAR yesterday using a method called "Rising TWAP".

👉You can read through the project's article to better understand this:

https://twitter.com/PolarisFinance_/status/1552654941730136065

7/13

Polaris recovered its important tokens, specifically:
- $USP restored to 35%
- $ORBITAL recovers slowly but is already up 11%
- $ETHERNAL recovers 15% and has 20% left to go
- $POLAR recovered 9% and has 31% to go

👉

https://twitter.com/near_insider/status/1552950069078462468

8/13

Sunshine after the rain. What happened made the project stronger. Right after going through the crisis, Polaris introduced its plan for the near future.

9/13

In which, the two most important plans have also been revealed by Rippa:

🔸 There will be 1 token pegged 1:1 with $SOL
🔸 The launch of a DEX product in cooperation with @Allbridge_io

Details will be available in August

10/13

With the launch of the new token Pegged with $SOL, it can be seen that Polaris only chooses top coins with large communities. This helps the project ensure credibility and avoid scams.

11/13

About the launch of Polaris DEX, in addition to the cooperation with @Allbridge_io, Polaris will also run the DEX based on @BalancerLabs to optimize its products.

12/13

The above difficulties are common challenges to any project in the crypto market. However, for a project that just launched 5 months ago, it was really a big challenge. However, Polaris has overcome and is headed to a bright future in the later period of 2022.

13/13

"When the going gets tough, the tough get going"

👉Read more about the thoughts of @rippa47140763 - Co-founder of @PolarisFinance_:

https://twitter.com/rippa47140763/status/1549538104213753857

#NEAR $NEAR #PolarisFinance