BondAppetit
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BondAppetit is the first DeFi protocol with a stablecoin fully backed by real-world assets with fixed periodic income

https://bondappetit.io/

Community chats:
@BondAppetitEn
@BondAppetitRu
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Introducing DeFiHelper — the most advanced non-custodial DeFi investment tool on the market

Dear community, we have a pleasant surprise for you. We are launching a new DeFi app called DeFiHelper.

Our experience with BondAppetit has helped us realize that there is strong demand among market participants for portfolio management automation and staking tasks. The number of DeFi protocols is growing incredibly fast, making it next to impossible to track them all manually. There are highly specialised tools on the market like vfat.tools and autofarm.network, but there is a palpable deficit of wholesome and easy-to-use solutions that save on fees, eliminate manual operations and help users earn more. Our Dev team built such a solution. The project is led by the BondAppetit's CTO Vlad Komissarov (@vkomissarov).

So, what is DeFiHelper? DeFiHelper is the most advanced non-custodial DeFi investment tool on the market. It helps investors to manage and automate their DeFi investments of any size, effectively letting them earn more.

The functionality of DeFiHelper can be categorized into four main sections:

Autostaking
— DFH helps you earn more by automatically adding your profits to the deposit, effectively autocompounding your interest.
— Our mathematical model makes decisions by taking into account current and historical fees, the prices of tokens, and other factors.

Portfolio management
— Overview of the entire DeFi portfolio
— Daily notifications of changes in portfolio valuation sent via Telegram
— Tracking of impermanent loss
— Historical data (for blockchains that have historical data)

Smart notifications
— Major updates on the protocols you follow
— Important market movements
— Sudden changes in profitability

No-code automation
— Create automated strategies without having to know coding
— Find a ready-made, high-yield strategy on the investment marketplace (coming soon)

Portfolio functionality is free. Advanced functionality is available on a paid basis. It includes notifications ($10 per 1,000 messages) and automation ($1 per executed action plus network fee).

The underlying mathematical model of DFH was devised by Ilya Munerman. He is the Head of Scoring and Analytics at Interfax (an independent Russian news agency), has a PhD in economics, and works as an Assistant Professor at New Economic School and HSE University.

Important notice on the security of funds: DFH doesn’t have access to your private keys. The app performs only the actions that you authorize via a special contract that is always under your control.

The DFH token (ERC-20) will be used for governance and profit distribution. It will be launched only after the protocol collects at least $10,000 (in ETH) in fees as proof of concept. This is an intentional decision to prove the viability of the business model.

If you want to try using the application, go to the DFH website, launch the app, connect your wallet, and subscribe to the Telegram bot. DFH is currently in the Beta phase. Users will be allowed gradually to avoid infrastructure overload.

Early adopters will get rewards in DFH tokens. More information can be found on the Tokenomics page.

A few words about the team. BondAppetit and DeFiHelper are two separate entities. The founder and CEO of BondAppetit is Artem Tolkachev (@ATolkachev). The founder and CEO of DeFiHelper is Vlad Komissarov (@vkomissarov). Both protocols are partially developed by members of the same tech and marketing teams. Both projects will develop independently, but can occasionally collaborate on some issues.

Read more about DFH in the introductory article.

Website: https://defihelper.io
Litepaper: https://defihelper.io/static/media/DeFiHelper_litepaper.pdf
News channel (EN): https://t.me/defihelper_news
Community chat (EN): https://t.me/defihelper_chat
News channel (RU): https://t.me/defihelper_news_ru
Community chat (RU): https://t.me/defihelper_chat_ru
Blog: https://defihelper.medium.com
🗳 Proposal for the distribution of the quarterly coupon payments and protocol's profits: https://bondappetit.io/governance/proposals/34
USDap is now overcollateralized 🔥
Forwarded from DeFiHelper
Dear сommunity members, we would like to have your feedback regarding an important issue.

The DeFiHelper protocol will consist of two layers.

The basic layer of the protocol is the DFH token used for governance and profit-sharing. The DFH token can be launched on several blockchains, but only one blockchain must be selected as the primary network for voting and profit distribution.

The second layer of the protocol is used for autostaking, automation, portfolio management and notifications. This layer of the protocol will work on multiple networks, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Waves and other blockchains in the near future.

We had originally planned to launch the DFH token on the Ethereum network, but the latter continues to suffer from ultra-high fees. This problem will persist until the deployment of ZK-Rollups.

The development team is considering the option of opting for Avalanche or BSC as the primary blockchain. We would like to hear your opinions regarding this matter.

We are not considering the Solana blockchain at this point. Selecting Solana as the primary blockchain will require an additional 2 to 3 months of development time.
The exchange rate of USDap has been off the peg for some time. We are working on fixing the situation.

On November 10th, the protocol will once again launch a USDap buyback initiative. Anyone will be able to exchange their USDap for USDC at a ratio of 1:1 on bondappetit.io.

The buyback will be financed using 100,000 USDC from the DigiRepresent's wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7).

The voting for the proposal will be launched tomorrow.
Forwarded from EAST.Finance
We are glad to announce the next stage in the development of EAST.Finance. The protocol’s off-chain gateway, an important part of the infrastructure, was successfully launched.

This unleashes DeFi potential of EAST.Finance in terms of using various collateral assets and presenting at different exchanges for your profit and convenience. Now EAST is available for trade in EAST/WEST pair at Waves.Exchange, and more will be announced in the future!
The information on collateral has been updated: https://bondappetit.io/collateral
BondAppetit launches the highly anticipated Uniswap v3 pool during the weekend

The new pool on Uni v3 has allowed for the rapid stabilization of the USDap exchange rate. This is necessary to popularize the stablecoin and increase its emission volumes.

In addition, the new pool eases the problem of impermanent losses. To reduce your exposure to impermanent loss, we recommend transferring liquidity from v2 pools to v3 pools. Instructions can be found here: https://help.uniswap.org/en/articles/5391553-migrate-liquidity-from-uniswap-v2-to-v3

We will be launching a staking contract in the near future that will allow BAG farming through a pool on Uni v3 in exchange for liquidity.

We would also like to remind our users that BondAppetit is starting onboarding for other protocols. Your support will be extremely valuable in this process, so please take the time to read all about it.
BondAppetit will distribute Q4 2021 profit of 11,316 USDC among BAG token stakers in the next few days. APY is expected to double: https://bondappetit.io/rewards

🗳 Proposal: https://bondappetit.io/governance/proposals/38
Forwarded from EAST.Finance
💥 We are glad to announce the EAST.Finance update to version 1.1.1! We have upgraded the client’s UI, added notifications, animations, and display of important values. Also, we have increased accuracy of the overpay calculation and integrated validation there.

Using EAST with Waves Enterprise wallet got more convenient because the transactions you sign now have descriptions. And these are just some of the 1.1.1 improvements. Check them all out at EAST.Finance!

In the future big 1.2 release we plan activating the USDap bridge and launching the liquidation mechanisms. Stay tuned! 🤑
Recent events have made us introduce some changes into our plans. What is happening in Ukraine is a tragedy on a grand scale, and we sympathize with all the civilians who are suffering from the war.

Part of the BondAppetit team is located in Russia. A number of states and individual organizations are imposing sanctions against Russia and its citizens, including indiscriminate sanctions. In the interests of the protocol, the BondAppetit team is currently trying to minimize ties with Russia. How will this affect BondAppetit?

BondAppetit is a decentralized protocol operating outside of any jurisdiction, but the infrastructure of the protocol’s borrowers is still based in the real world, because it interacts with real-world securities.

The only borrower at present is an Estonian company, while its beneficiaries are Russian citizens. There are some risks associated with bills and payments. To reduce these risks, the beneficiaries have moved to another country and are applying for a residence permit.

The depositary safekeeping the securities is a European company with European beneficiaries. We do not see any significant risks associated herewith.

We are currently in the process of reconfiguring our operational processes and will provide an update on our upcoming plans in the near future.
Forwarded from EAST.Finance
🚀 We are excited to announce a big move in EAST development: next week we’re going to launch liquidation mechanisms!

It’s a huge leap for making EAST a complete algorithmic stablecoin, enabling true stablecoin functionality, when the token exchange rate is stable (1 EAST : 1$) in spite of market volatility.

⚠️ All the vaults with 130% and less collateral rate are subject to liquidation, so please check your vaults before the liquidation launch to avoid it❗️The exact time of the launch will be announced beforehand in this channel, and we’ll also send a reminder via e-mail to all EAST holders.

You can find more info in our new EAST blog. Subscribe and stay tuned! 🧑‍💻
Forwarded from EAST.Finance
🔥 We are happy to announce the exact day of liquidation mechanism launch: in the afternoon of April 11 you’ll be able to get WEST for USDap with a big discount!

Wanna be a liquidator? Check out the tutorial in our blog! 😉
BondAppetit is launching the USDap buyback procedure. The buyback procedure will involve the purchase of USDap/EUR on an OTC. We are offering a fixed purchase rate of 1 USDap = $1. The minimum amount for the transaction will be 30,000 USDap with the 3% transaction fee charged from our side (plus other fees charged by financial institutions).

In order to make an OTC transaction, you will be required to sign the relevant agreement and provide the documents requested for KYC procedures.

The request for the transaction shall be made via email otc@bondappetit.io including the amount of the contemplated transaction (not less than 30,000 USDap), your personal details (including name/surname, wallet, and account information). Please note that we reserve the right to refuse to proceed with the transaction based on the provided information or change the type of the consideration for USDap indicated above.