🤩We have just released the Qualified Participant List for our Telegram Sticker Contest, come and vote for your favorite stickers!🥰
https://forms.gle/Nb3yJq5mZPDyMBwz7

😺We have just closed the voting list for our 1st Telegram Sticker Contest. Thanks to all the participants from community!😘

*The Rewards will be distributed within 7 working days after the event ends. Winners PM the trc20 wallet address in USDT and your participation name to our Twitter account please*

To read the result👇

🏆Winner List:
👉🏻1st: kookis88(80 USDT)
👉🏻2nd: jodantewin(60 USDT)
👉🏻3rd: agust4ma(40 USDT)
👉🏻4th-6th: Yogiehiqqie, Crytowins, Aesqueen(20 USDT)
👉🏻7th-10th: JusBeHappyAlways, arnon_0208, Crytobigwin, Bojonekangmul(15USDT)
👉🏻lucky participants: zz197363rr, Budi_2352, christian111488(10 USDT)

🤩As more and more enthusiasts joining our community, we decided to hold a series of events named 🚀 Weekly Quiz 🚀 in our Telegram group. 50 USDT will be rewarded in each quiz!
https://medium.com/dank-protocol/weekly-quiz-a9e77abe9386

🌞Dank Protocol Quiz 1(Oct.9)

👉🏼Start at: 4AM EST
💰Rewards: 10 USDT for each winner, 50 USDT in total
❗️Rules:
1. Admin will announce the questions one by one on Telegram.
2. FIVE questions, each quiz.
3. Reference of all questions will be sent to the Telegram group before the quiz starts.
4. We will give 5 mins for you to answer each question; the first vaild & correct answer will be the winner.
5. Any answer that is exceeding the answering time, is considered as invalid.
6. The answer and its reward will be invalid if no one answer in time.
📚References today:
-https://dank-protocol.gitbook.io/docs/core-concepts/dtokens
-https://dank-protocol.gitbook.io/docs/faq/about-dank
-https://dank-protocol.gitbook.io/docs/faq/supplying-and-earning
-https://dank-protocol.gitbook.io/docs/faq/borrowing-and-repaying

👏🏼Quiz 1 is over today. Thanks for all the joining and support! Here are the winner list and answers of Quiz 1:

👉🏼Q1. How does the Dank Protocol work?
A: Supply, Borrow, Use as Collateral, Earning interest.
Winner: @NightCrawler117

👉🏼Q2. Every asset in Dank Protocol is supported by a protocol, briefly explain what is that protocol?
A: Each asset supported by the DANK Protocol is integrated through a dToken contract, which is an EIP-20 compliant representation of balances supplied to the protocol.
Winner: @T_kvnd

👉🏼Q3. How many different types of dTokens are in Dank Protocol, briefly explain what are those?
A: 2 types, DErc20 and DEther; DErc20 wraps an underlying ERC-20 asset, while DEther simply wraps Ether itself
Winner: @alejandramio

👉🏼Q4. What will supplier received after supplied?
A: User will receive a quantity of dTokens equal to the underlying tokens supplied, divided by the current Exchange Rate.
Winner: @NightCrawler117

👉🏼Q5. What are the conditions for borrowing from Dank Protocol?
A: Users are required to supply (deposit) any supported asset used as collateral; The amount borrowed must be less than the user's Account Liquidity (working capital) and the market's available liquidity.
Winner: @alejandramio

Congrats to all winners! Winner of each question will receive 10 USDT. Rewards will be distributed on next Monday-Wednesday. ❤️Our next quiz will start at 4am EST on next Friday. Welcome to join us!

🔊 Dank's Latest News 🔊
#DankProtocol revolutionizes a new fixed-income market by a fixed & variable hybrid protocol.

The estimated launching time of mainnet on #Arbitrum will be at 6:30 am on Oct 13th (EST) ⏰

(Reporting via @Cointelegraph)
Read the full article here: 👇🏻
https://cointelegraph.com/press-releases/dank-lending-protocol-revolutionizes-a-new-fixed-income-market

👾Rewards distribution of Week 1 Quiz winner has already done, please check!

🔊WE ARE EXCITED TO ANNOUNCE:🔊

🎉Dank is finally online on Arbitrum!!!🎉

At present, lending functions are all available. Liquidity incentives will also be activated!

To read the announcement, visit:👇🏻
https://medium.com/dank-protocol/dank-protocol-mainnet-announcement-db4c2bd6ad5b

👏🏼Quiz 2 is over today. Thanks for all the joining and support! Here are the winner list and answers of Quiz 2:

👉🏼Q1. As we all know, the underlying protocol of Dank is a decentralized lending protocol. Before we can interact with Dank, what we need to prepare in advance? Answer can be in short form.
A: Web3-compatible Ethereum wallet; at least 0.05 Ether for transaction.
Winner: @NightCrawler117

👉🏼Q2. The first step of interacting with Dank is to supply supported asset into the protocol, no matter you are planning to use it for earnings or use it as collateral for borrowing. While user wants to supply asset, they will see two terms from the supply market – Supply APY & Distribution APY. What are those? Answer can be in short form.
A: Supply APY (amount of token/year); Distribution APY (amount of DANK/year)
Winner: @alejandramio

👉🏼Q3. The Borrow Limit is the maximum value of assets that user can borrow from the protocol, and there is a meter displayed for tracking what portion of your Borrow Limit you've used. Therefore, in what circumstances will a liquidation occurred? Answer it within one sentence.
A: This can occur when collateral declines in value, or borrowed assets increase in value.
Winner: @ak47m11

👉🏼Q4. As we all know, Dank is now deployed on Arbitrum One Network. In order to interact, what are users required to do in advance?
A: In order to interact with Dank on Arbitrum network, you are required to transfer your Ethereum or ERC-20 tokens to Arbitrum network.
Winner: @ak47m11

👉🏼Q5. All the lending functions are available now, which includes supply, withdraw, borrow, and repayments. What are the supported lending assets for now in Dank?
A: Supported lending pairs: USDT, USDC, DAI, ETH, WBTC.
Winner: @NightCrawler117

Congrats to all winners! Winner of each question will receive 10 USDT. Rewards will be distributed on next Monday-Wednesday. ❤️Our next quiz will start at 4am EST on next Friday (October 22). Welcome to join us! See you next time!

🌞Dank Protocol Quiz 3(Oct.22) ———This week topic is Dank's Governance

👉🏼Start at: 4AM EST
💰Rewards: 10 USDT for each winner, 50 USDT in total
❗️Rules:
1. Admin will announce the questions one by one on Telegram.
2. FIVE questions, each quiz.
3. Reference of all questions will be sent to the Telegram group before the quiz starts.
4. We will give 5 mins for you to answer each question; the first valid & correct answer will be the winner.
5. Any answer that is exceeding the answering time, is considered as invalid.
6. The answer and its reward will be invalid if no one answer in time.
📚References today:
https://dank-protocol.gitbook.io/docs/faq/governance

👏🏼Quiz 3 was over last Friday. Thanks for all the joining and support! Here are the winner list and answers of Quiz 3:

👉🏼Q1: Dank Protocol has begun to pursue the ultimate goals of operating the protocol by a completely decentralized organization since the establishment. In order to do so, we decided to establish a governance committee at the initial stage. But what will this committee consist of? Answer all that correct.

A. Any Individual
B. Non-holder of DANK
C. Community Leader
D. Other relevant influencers/institutions with high reputation

A: A, C, D

Winner: @NightCrawler117

👉🏼Q2: The governance token of the DANK protocol is named $DANK, what is the supply of $DANK and will it be any more supplies in the future?

Answer: Total supply is 100 million and no additional supply.

Winner: @NightCrawler117

👉🏼Q3: The token distribution is the major principle of being a transparency, decentralization and fairness protocol. Therefore, what is the percentage of distribution for protocol incentives as well as the durations? Choice the correct one to answer.

A. 30%, 3 - 4 years period to fully distribute
B. 50%, 3 - 4 years period to fully distribute
C. 45%, 4 years period to fully distribute
D. 50%, years period to fully distribute

Answer: B

Winner: @ak47m11

👉🏼Q4: Protocol incentive is a major mechanism for creating and maintaining continuous liquidity. There are two categories of incentive in Dank, what are those, what are the percentage for both, and how long will take to release all?

Answer: 1. Variable Interest Rate, 40%, 4-year linear release to users who deposit and borrow to the protocol.
2. Fixed Interest Rate, 10%, 3-year linear release to protocol's liquidity providers.

Winner: @alejandramio

👉🏼Q5: The protocol will initiate DAO governance, when the total amount of DANK incentives distribution accounts for 1% of the total supply. What will the Dao's governance plan be manifested in? Answer all that correct.

A. Protocol Revenue
B. Voting
C. Protocol Upgrades
D. Parameter Settings
E. Proposal of new lending asset pairs
F. All of the above

Answer: F

Winner: @NightCrawler117

Congrats to all winners! Winner of each question will receive 10 USDT. Rewards will be distributed on next Monday-Wednesday. ❤️Our last quiz will start at 4am EST on next Friday (October 29). Welcome to join us! See you next time!

All the rewards has been sent, please check!👍🏻

🎊#MEMEContest for #Halloween🎃 in Twitter and Discord.

💰400 $USDT rewards pool for participants.
⏰Time: Oct. 27th, 2021 - Nov. 3rd, 2021, 5AM EST

Check more details of the contest below👇🏼Bring us laugh and win!
https://medium.com/dank-protocol/meme-contest-5abb6a96c101

🌞Dank Protocol Quiz 4(Oct.29) ———This week topic is Dank's Fixed Rate Market

👉🏼Start at: 4AM EST
💰Rewards: 10 USDT for each winner, 50 USDT in total
❗️Rules:
1. Admin will announce the questions one by one on Telegram.
2. FIVE questions, each quiz.
3. Reference of all questions will be sent to the Telegram group before the quiz starts.
4. We will give 5 mins for you to answer each question; the first valid & correct answer will be the winner.
5. Any answer that is exceeding the answering time, is considered as invalid.
6. The answer and its reward will be invalid if no one answer in time.

📚References today:
https://dank-protocol.gitbook.io/docs/core-concepts/fixed-rate-market

👏🏼Quiz 4(the last quiz) is over. Thanks for all the joining and support! Here are the winner list and answers of Quiz 4:

Q1: Dank's Fixed Rate Market is an open-source fixed interest rate protocol based on the Dank lending protocol. What exactly does this market help for both holders and traders?

Answer: In the Market, holders with interest-bearing tokens will have chances to gain additional profit and lock in their future earnings in advance. Meanwhile, it allows traders directly access to the future profit without using underlying collateral.

Winner: @Rubyy2021

Q2: There are two major roles in the market which are the sellers and buyers/investors. Seller can deposit and lock the interest-bearing tokens into the smart contract of Dank’s Fixed Rate Market. After they selected the expiry date and mint, what will they received? Answer all that correct.

A.Principal Tokens, dOT
B.DANK
C.Yield Tokens, dYT
D.dTokens
E.All above

Answer: A, C

Winner: @ak47m11

Q3: While holders trying to entry the market, mint function will mark the interest-bearing tokens to generate the tokens into two types of tokens, dOT and dYT. Here’s the question, what are those tokens represent? Explain it briefly.

Answer: dOT represents the ownership of the locked interest-bearing tokens. dOT has an expiration date, which means the underlying assets cannot be transferred during this period (transfers in the future will be allowed, and will support dOT trading pool and re-mint). dYT represents the future yield in the same period.

Winner: @NightCrawler117

Q4: Swap function is an essential component for the Fixed Rate Market, and this function adopts the order book and AMM in combined. But what does the market allow to swap in the current stage? Answer all that correct.

A.USDT
B.dYT
C.USDC
D.DAI
E.FEI
F.All above

Answer: B, C

Winner: @alejandramio

Q5: The implied yield is the annual rate of return of the underlying asset implied by the market, through the current price to trade YT. Assuming the implied yield of dYT-dUSDC-1.5Year is 20%; the price of YT is 95USDC; the value of underlying amount YT represents are 100USDC; what are the percentage of the yield of USDC in Dank per year in a period of a year and a half? Choice the correct one to answer.


A.13.2%
B.25%
C.20%
D.15%

Answer: C

Winner: @irfanecruz

Q6: Last but not least, we would like to offer an additional question to the community. Recently, we just started a Meme Contest in Twitter & Discord channel with a prize pool of $400 worth of USDT. Here comes the question, what are the weights of votes in this contest?

Answer: 50% will be coming from the Discord community votes, 50% from the Twitter likes + retweets; retweeted by Dank Protocol official Twitter account will be added extra 30 votes.

Winner: @alejandramio

Congrats to all winners! Winner of each question will receive 10 USDT. Rewards will be distributed on next Monday-Wednesday. ❤️ Winners pls send your trc20 wallet address to our staff.

🏆All the rewards from last week quiz was distributed, please check!✅

🔊🔊🔊Binance announced they are now completed the Arbitrum One mainnet integration and has opened deposits for ETH on Arbitrum One Layer 2.

🎉Hence, users are now able to transfer ETH or Erc20 token straight from Binance to Arbitrum Layer 2 network and interact with Dank Protocol.

♻️Transfering straight from Binance to Arbitrum Layer 2 may save tons of transaction fees since it bypasses the costly process from Ethereum mainnet.

https://www.binance.com/en/support/announcement/192e0315a7744dcfb8dede7453884c73