Congratulation @oceanprotocol for the successful launch of #veOCEAN! 👏👏

So, what’s next? 👀

The launch of veOCEAN is a much-awaited event for the H2O community.

1/12 🧵

https://twitter.com/oceanprotocol/status/1574368370577018881

@oceanprotocol Our roadmap v2 outlines the big changes coming to the protocol, starting with psdnOCEAN.

Let’s answer some common questions for a better understanding of what’s ahead H2O. 👇

2/12 🧵

Four weeks have passed since the launch of H20 and even facing challenging market conditions in the past few days, we are proud to share some relevant stats of our protocol so far.

Dive into the thread🧵

1/7 Nearly 2 million $OCEAN are locked into the system and used as collateral to mint $H20.

2/7

The H2O team is excited to announce using Reflexer's codebase. We feel this is a perfect opportunity to bring algorithmic stableassets to the forefront of DeFi.

mirror.xyz/0x66a705e163D1… Stableassets continue to play an integral role in the development and evolution of the DeFi ecosystem. The annual stableasset adjusted transaction volume for 2021 was over $5 Trillion Dollars, a 370% increase from its 2020 figure.

H2O is a data-backed stableasset that will initially operate in the Ocean ecosystem.

Let’s explore how H2O will behave.

A thread 🧵👇 To best understand how H2O behaves, we need to analyse its monetary policy which is make up of four elements: