There was a small front end calculation error which was causing the displayed APRs for the LPs on Nexus to be displayed incorrectly. The actual reward distribution was unaffected.

We have updated our front end with the correct information now ✅

Merry Christmas everyone 🎄🎁

We are excited to bring Nexus to a whole different level in 2022 🤝

- Warm wishes to you and your loved ones

After long adieu $Psi is now listed on CoinMarketCap 😤

Thank you for your patience while we sorted this out with CMC 🙏✅

https://coinmarketcap.com/currencies/nexus-protocol/

We know these are rough market conditions, but believe me when I say there will be brighter days ahead (NFA of course 🙂 ).

Please take a minute to review and vote on the latest governance poll here: https://terra.nexusprotocol.app/gov/poll/8

This poll is will allow us to start building up Psi/UST in the community treasury using the UST raised via our Liquid Pylon Pools. As a reminder, if you haven't checked out the liquid pools yet you can view it on the Spectrum Webapp or on Pylon Gateway.

We have a few exciting things to share with you over the next couple weeks, so keep out on the lookout for more updates soon 🤝

We're going to update our vaults to have the option to auto compound yield back into your bAssets. We've heard your feedback that you would prefer yield in Luna, $bETH, $bSOL, $bATOM, $bOSMO etc.

We plan to gobble the yield optimizer space within the Cosmos ecosystem.

EthNexus coming by end of Jan. Moar alpha & enhancements coming this week.

https://twitter.com/NexusProtocol/status/1480814374629437443?s=20

On Friday 6pm UTC we invite you to join our community Twitter Spaces hosted by Shigeo808 on Twitter.

During this call we will release the forum containing the new vault strategies we believe will bring
Nexus Protocol to the next level 🔥✅.

If you can't make that time, don't worry the session will be recorded and we will be posting a recap of the topics covered afterwards. We hope to see you there 😤.

https://twitter.com/NexusProtocol/status/1481332483534721024?s=20

As a reminder, we will be going live with LUNAomics on Twitter in <30 minutes.

There will be nothing but alpha shared & discussed.

Hope to see you there 😤

https://twitter.com/Shigeo808/status/1482032465707339776?s=20

Please hang tight… technical difficulties 😪

Massive alpha drop in the form of an updated roadmap for Nexus Protocol on Twitter spaces today. For those of you who were unable to attend here is a link to the recording: https://twitter.com/terraspacesorg/status/1482051016329601026?s=21

The conversation on the Twitter spaces walks through the updated roadmap for Nexus which has now replaced the Litepaper at the top of the landing page. There is a lot of information to go through so feel free to peruse on your own time. As mentioned on the call, along with these product updates we have also been working on token design changes for $Psi which will better align holders of $Psi with the long term goal of the protocol.

We hope you are as excited as we are for what's in store in Roadmap 2.0 😤🔥

Links to more information on the new products:

1. Mirror Short Leveraged aUST Farm:
https://forum.nexusprotocol.app/t/introducing-mirror-short-leveraged-aust-farm/28
2. LP Money Market:
https://forum.nexusprotocol.app/t/lp-money-market/41
3. On-Chain Rebalancer Bot
https://forum.nexusprotocol.app/t/introducing-on-chain-rebalancer-vault/42
4. Leveraged bAsset Strategy
https://forum.nexusprotocol.app/t/introducing-leveraged-basset-strategy/39
5. Wrapped mAsset strategy
https://forum.nexusprotocol.app/t/introducing-wrapped-masset-strategy/40

Link to the forum (found at the top of our website now): https://forum.nexusprotocol.app/t/nexus-2022-plans/26

GM - We hope you enjoy the new Dashboard 🥵🔥👀

https://terra.nexusprotocol.app/

We are opening up two new channels on our Discord: (1. 🐲│labs , 2. ⚖│lp-money-market). The purpose of these channels will be to discuss product ideas, feedback, and suggestions for each of the respective product categories.

Nexus Product Categories:
- Vaults: Safer, more stable & predictable yields
- Labs: More risky, higher upside products
- LP Money Market: Self explanatory

See the forum here (https://forum.nexusprotocol.app/t/nexus-2022-plans/26) to learn about how each of the new products we are working on is categorized into these buckets.

We are also regularly checking & engaging on the forum as well, so if you want to post questions or feedback directly on the forum we will be responsive there as well.

The time has come to migrate your liquidity from Terraswap to Astroport.

We have tried to make this a very simple 3 step process. You can see the 3 step process in the attached Tweet.

🚨Make sure you complete these steps if you have liquidity to migrate because as of now you will no longer receive $Psi rewards for liquidity if you do not migrate to Astroport. 🚨

Once you have migrated, you will begin receiving dual incentives ($Psi and $Astro).

NOTE: The displayed APR on our front end only shows APR from the $Psi rewards, but you are actually receiving $ASTRO on top of those rewards. We are working with the Astroport team on updating our UI to also show the $ASTRO rewards in the displayed APR.

https://twitter.com/nexusprotocol/status/1485691957812744192?s=21

We're excited announce that we are partnering with Galactic Punks for their upcoming GalacticGridz x Colonies_nft mint 🔥
Eligibility Criteria:

- 10 wallets that are staking at least $500 UST worth of $Psi by Monday Jan 31 will be randomly selected as winners ✅
- We will be publishing the winning wallets early next week ✅

GL!!! 🔥 🤝

https://twitter.com/NexusProtocol/status/1487212004112617473?s=20&t=3qTmac-rN593LaNU68eV9Q

🚨 No one from our team will ever send you a DM, beware of scammers. If you are having some issues and need assistance we HIGHLY reccomend submitting a request ticket on Discord. 🚨

Please make sure to vote on gov proposal #11 to increase the LTV for the bAsset vaults based on the recent LTV update on Anchor Protocol ✅

See this forum post for more details:
https://forum.nexusprotocol.app/t/proposal-adjusting-recognized-maximum-ltv-parameter-for-bluna/121

Hi everyone 👋

We have seen many questions in our Discord regarding the absence of the Mirror Delta Neutral vault and the Optimal Mode upgrade in our Roadmap 2.0. While we did address this publicly on Twitter spaces, for those of you who missed that you may not have gotten the full picture on why those items have been de-prioritized.

We hope this provides some more context on the subject. Would also like to add that our team is currently working full steam ahead on all major priorities, and I could not be more bullish on Nexus as a whole. Our team consists of 13 badasses, and I really believe wagmi 🤝

---

Update on the Mirror Delta Neutral strategy:

- When we initially set out to create this vault the price of mirror was able to support a delta neutral yield output that was significantly higher than the Anchor Earn rate. As time passed and the MIR rewards became more diluted per mAssets & the price of mirror fell, the strategy became less useful to the point where our simulations couldn't produce consistent returns higher than Anchor Earn with even a small amount of capital being deployed.

Update on the Optimal Mode upgrade:

- Similarly for the Optimal Mode upgrade, as the net distribution apr falls within Anchor, the incremental benefit of raising the LTV from the vault becomes significantly smaller. Our latest simulations produced an increase of less than 1% apr for bringing the LTV ratio of the bAsset vaults up to 99% LTV. The risk that our users absorb by by making this upgrade is not negligible, especially considering Anchor price oracle is planning to use new logic via Chainlink. Thus we believe that the optimal mode should be revisited and weighted with benefit against the risk once the new price oracle mechanism for Anchor is fully implemented, settled and tested.

Important Note:

- Neither the Mirror Delta Neutral vault or the upgrade to Optimal Mode are not permanently off the table for us to build. We have simply prioritized products and upgrades that we think will deliver significantly more value to our community in the short and long term. We are confident that the products we have laid out in Roadmap 2.0 are much less susceptible to having their utility be impacted by hyper volatile profit parameters (part of the reason we have increased them on the priority list for us). In the future if it makes more sense to prioritize working on the Mirror Delta Neutral vault, or the Optimal Mode upgrade, we will do so as we already have preliminary schematics for the builds.

Hope this overview provides some clarity on why we de-prioritized the Mirror Delta Neutral strategy and the Optimal Mode upgrade. As always, open to conversation around this if you have any questions or concerns.

Hey everyone

We hope everyone is doing well and staying safe during these dark times. Our thoughts and prayers go out to anyone effected by whats happening in Ukraine.

It has been awhile since our last update. As such we wanted to provide some updates on the development status for our key priorities. There have been some unexpected challenges which have lead to the launch timeline for EthNexus & the bAsset vault upgrade specifically to be pushed back a couple weeks.

If you have any questions about these updates, feel free to hit us up in #general or other channels in our Discord👍

---

EthNexus:



- EthNexus will be the next core product offering we ship. We built this to be the easiest way for Ethereum native users to bridge their assets to Terra and begin earning yield. In the future, if the demand is evident, EthNexus V2 will provide a single button deposit and withdraw of stETH or ETH holders with Metamask wallet users. Nexus will also be expanded to other chains in the future and Nexus will become the “gateway” for users of other L1 chains to access the Terra ecosystem with their native assets and familiar wallets. This past week we came across an issue related to the Wormhole SDK which we need to bring EthNexus to life. We are in direct contact with the Wormhole team working to resolve the issue, but it has caused a delay in our launch timeline for this product. The revised timeline for EthNexus is now the 2nd week of March.


bAsset vault upgrade:



- We are upgrading our vaults to automatically switch between purely holding bLuna (collecting yield), and utilizing bLuna as a collateral to execute Anchor Borrow yield strategy based on whichever strategy has higher expected returns at some given point in time. We will also be including the option for users to receive their yield auto-compounded back into more nLuna and nEth. We plan to ship this upgrade alongside the launch of EthNexus (2nd week of March).



Bond Issuance Program:



- One of the other initiatives we’ve been working on is PoL (our Bond Issuance Program). Establishing protocol owned liquidity is still a key priority for Nexus. We see this as being important for the longterm health and sustainability of the protocol. This product is now complete from a development standpoint. However, in terms of timing of releases we would prefer to ship products which attract more TVL before shipping our Bond Issuance Program. As such we will be targeting the back half of March for a launch date for this program.

More details and related government proposal will be presented in advance (very Early March) to accommodate necessary updates.

Additional Updates:



- Development on the LP Money Market, and the Mirror Short Leveraged aUST farm has begun. We have been working on the back end schematics for the Cephii on-chain grid bot, which will be moving into development shortly. We are tentatively targeting Q2 for release of all three products. We have also been working on designs for a new product which we consider to be a huge opportunity. We will share more about this after we ship the products & upgrades we are currently working on.

Go check out Spectrum's governance proposal to activate an auto-compounder for our $nLuna vault ✅ 🗳️

This vault will add even more yield than we could offer from auto-compounding on our own thanks to the additional $SPEC rewards 💪

VOTE YES

https://twitter.com/NexusProtocol/status/1500538707979341825?s=20&t=zp6P27srrEp30cND-5MMGw

We have had a number of reports from users that tx results have been slow to populate on the Nexus frontend.

Tl;Dr:

- This issue is purely related to how quickly results from tx's are being displayed on the Nexus front end. All smart contracts are working normally. Please give some time for the front end to populate. We are monitoring the situation and hope to have it resolved soon.

Detailed Recap:

- The current issue is due to issue with Public LCD: We utilize our own nodes to the power protocol side of the functions, such as indexer. However, we direct client's server to a public LCD to check their balance and status because 1) normally it's sufficient 2) not heavy usuage/load on public LCD 3) can save cost for us 4) not much room for error (miscalculation et al). Because of this, many Terra protocol atm are also experiencing similar issues.

- Public LCD is being maintained by public LCD providers, so we believe the issue should be resolved soon.

- In the future, although we would be maintain to use public lcd for client side, we would consider to switching to run the client side on our own nodes as well if this issue continues to happen often.