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360 🐰🇵🇸
🇵🇸 | Imagination | Co-founder @teamtuzi
360 🐰🇵🇸 reposted
the incorrect inflation saga is finally over (inshallah)
As of last week all ~$15-20m of INIT that was unstaking for 21 days has completed and the foundation's unstaking subsidies were distributed (majority claimed).
We unintentionally got to experience the affects of high inflation and delta neutral farmers. While the past few weeks have been painful, I agree with the foundation's choice to rip the bandaid on the inflation reduction and reset Initia up for success.
Since the inflation was cut, the INIT-USDC EL pool APRs still sit around 95% (half trading fees + half inflation). We've also seen growth in apps like Echelon, Cabal, and MilkyWay as users reshuffle capital to new opportunities within the economy. This was always the intention and point of having a low staking inflation of 1.25%/yr: push users to apps.
When we look back on this it'll be a mere blip, back to the regularly scheduled program.
Initia.

15.11K
360 🐰🇵🇸 reposted
The @initia product team has been heads down since mainnet, and we’re about to ship some of our biggest upgrades yet.
Here’s what’s coming soon:
✦ Initia App Overhaul: A reimagined experience to make the Initia App your home for everything Initia - deeper insights, easier navigation, and richer visibility into VIP, EL, and more.
✦ Wallet Widget v2: A fully rebuilt bridging and swapping flow, easier integration for application teams, and a robust foundation for a truly interwoven experience
✦ Scan UX Improvements: Smarter sorting, better readability, and a more intuitive view into your onchain activity across the L1 and every rollup,
✦ More experiments to radically improve onboarding and reduce friction for both users and builders.
We’re building towards a single goal: To make Interwoven Rollups the easiest, smoothest, and most valuable place to build and use apps in crypto.
This is just the beginning.
14.83K
Was bored so decided to do an update to Polychain $TIA sells
Polychain has now dumped over $242 million worth of TIA since TGE
They still hold around ~44.7 mil TIA ($63.9 mil)


360 🐰🇵🇸Sep 27, 2024
Polychain invested around $20mil in the Series A&B round of celestia and have already sold over $82 million worth of $TIA just from staking rewards (realized over 4x ROI) before even a single token is unlocked .

263.24K
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