DEUS Announcement Channel
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For official announcements:
https://twitter.com/deusdao

Official DAO Telegram Channel of https://Deus.Finance


Channel:
@deusfinance_news

Group Chat:
@deusfinance
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πŸ”ΉOur latest partners, Chronos, launched their new DEX on Arbitrum. Qualifying DEUS community members were issued a veCHR airdrop, which can be found here.

πŸ”Ή Thena dropped an ALPHA leak...Stay tuned for some more info soon πŸ‘€

πŸ”ΉLafa will be joining CryptoKenpachi on Binance Live next week, 3rd May, to talk about DEUS v3 and the future of on-chain derivatives. Set a reminder here.

πŸ”ΉA Frontend section was added to the DEUS website, where all 3rd-party interfaces built on v3 architecture will be listed, making it easy for users to choose a frontend operator based on their offerings.

πŸ”ΉBe sure to keep an eye on the DEUS Zealy quests. The first prizes will be handed out next week so make sure you're staying up to date πŸ…

πŸ”ΉOur close partners Muon released some important updates for the ALICE node operators, offering additional $PION rewards.

πŸ”ΉIf you're not leverage trading hundreds of crypto assets on Cloverfield πŸ€, where have you been? Get whitelisted here and get trading πŸ“ˆ

Website | Discord | Twitter | Medium
$PEPE futures trading will go live later today on cloverfield.exchange 🐸 πŸ”₯

Trade $PEPE Long/Short with up to 40x leverage on-chain!!

Get whitelisted here: https://zealy.io/c/deus-6270/questboard

https://twitter.com/DeusDao/status/1654483244589481995?s=20
You can now trade $PEPE on Cloverfield! The first and only place to trade $PEPE on-chain. This is the magic of DEUS πŸ”₯πŸ”₯

Please help us out with a Like and Retweet once again frens as we spread the word together, greatly appreciated!!

https://twitter.com/DeusDao/status/1654526394456768513?s=20
Some updates regarding multichain :

The Multichain bridge has been paused since yesterday's announcement from them after around 120m of hard assets were moved out of their bridges without their knowledge; read their announcement here:

The DEUS protocol had almost zero exposure remaining to Multichain assets (0.5% total loss incurred while swapping ); read more about how DEUS mitigated the multichain issue proactively.

For now, we recommend the following steps for all DEUS holders:

Keep your DEUS on the chain where it's currently located. Do not deposit your DEUS into multichain routers or try to bridge using multichain.

You can continue farming on other chains like Arbitrum, Avalanche, BNB, Fantom, and KAVA. As DEUS on all chains is natively issued by the DEUS team and only paired with native assets from the chain you are safe.

If you are exposed to Multichain assets, we advise you to withdraw them immediately and revoke all approvals.

We were already discussing with Axelar to replace Multichain for a few weeks, and DEUS will be added to Axelar after the launch of their "interchain" protocol (27th July is the date they gave us.)

Rest assured, all DEUS on all chains are natively issued, and we can add them to a new chain provider for seamless bridging.
We are thoroughly evaluating multiple options to prevent any future bridge incidents and to ensure the smooth operation of our token bridging.

Remember, if you hold DEUS on any chain, panic is unnecessary. You will not lose your DEUS, although, for the moment, you won't be able to move your DEUS between chains.

We are working diligently to resolve this issue and restore cross-chain transfers.
Postponement of Reimbursement Claim Release

Our developers identified an irregularity late last night during a manual review of random data samples.
While spending the last 24 hours straight on patching the issue, it is best to postpone the reimbursement claim, to ensure 100% accuracy, mainly because this revalidation process could lead to a slight increase in the reimbursement percentage for everyone affected.

In the best interest of everyone awaiting reimbursement, we will delay releasing the claiming page. We sincerely appreciate your patience and understanding in this matter.

Our decision to postpone is driven purely by our commitment to ensuring the snapshot's accuracy and ensuring that every recovered USDC will be allocated to its rightful owner.

The concrete issue we found:

Despite comprehensive testing and review, with our snapshot software and user-submitted bug reports, an issue related to transferring DEI & LP tokens before initiating other actions went undiscovered.
These wallets should be correctly removed from the snapshot, increasing the USDC reimbursement amount for all others.

Since identifying the issue, we have developed a script to verify the accuracy of the claim. However, this solution has temporarily introduced other inconsistencies while merging the old and new data.
Over the next few days, we will work on accurately merging these two snapshot architectures.

We sincerely apologize for any inconvenience caused and assure you that this decision is in the best interest of our community. We will provide further updates as we work to resolve this issue and establish a new release date.
An Update on the Migration

With the events unfolding in the past 24 hours, given the multichain situation that left all DEUS bridges deactivated.
The situation is the opportune moment to release an early SYMM migrator, as migrators will be available on each chain.

Again to be clear:
You don't have to bridge DEUS to migrate, migrators will be deployed and accessible on ALL chains, meaning you can deposit DEUS on ANY chain.

Read more about the early migration and its bonus here:
https://lafayettetabor.medium.com/early-symm-migration-announcement-144e51baf36f

Join the "early-migration" channel in the DEUS Discord to dicuss and stay up to date with all developments: https://discord.gg/deusfinance
EARLY SYMM MIGRATOR is now open:
https://app.deus.finance/migration

Read more about the migration here:
https://medium.com/deus-finance/deus-future-vision-independent-pathways-for-innovation-d572115974c7

and here:
https://lafayettetabor.medium.com/early-symm-migration-announcement-144e51baf36f

Join the "early-migration" channel in the DEUS Discord for further discussions.
⁠
Please note that KAVA and AVAX are not yet added as we had technical difficulties deploying there.
You dont have to hurry, migration will stay open 30 days after we opened AVAX and KAVA.

The formulas used to calculate the early migrator bonus can be found here:
https://lafayettetabor.medium.com/early-symm-migration-announcement-144e51baf36f

NB: The Early Migrator Bonus gets calculated by the total amount of early migrators, meaning it doesn't matter if you migrate on day 1 or day 30, the bonus is equal for everyone.
Attention: Multichain-Affected Users

This pertains to any users who have $DEUS tokens stuck when attempting to bridge via multichain.
As all DEUS is natively issued by us, we will be reimbursing affected users once off.

The window for reimbursement will be open until 23:59pm CET Monday 31st July.

If you are/were affected by the multichain situation, please DM @Rossvw on telegram or @BossRoss on the DEUS Discord so that we can investigate further.
DEUS Announcement Channel pinned Β«EARLY SYMM MIGRATOR is now open: https://app.deus.finance/migration Read more about the migration here: https://medium.com/deus-finance/deus-future-vision-independent-pathways-for-innovation-d572115974c7 and here: https://lafayettetabor.medium.com/early…»
πŸ“’ Important Announcement: Extension of Early Migration Period by One Week

Dear DEUS Migrators,

To ensure fairness and accessibility to all our users and beyond, we've made the decision to extend the early migration period by an additional week.

We're aware of the significant interest, including Yearn & other scream affected users, in migrating to SYMM.

This extension aims to provide an adequate opportunity for those affected to participate seamlessly.
The dedicated team has been working tirelessly to ensure the bDEI airdrop for Scream-affected users is prepared ahead of time. It wasn't feasible to set up before the initially communicated deadline, given that their snapshot vote for this concluded very late.

To give everyone a fair chance to migrate their bDEI to SYMM promptly, we've taken this step to extend the migration time by 7 days. We're currently collaborating closely with all teams to streamline the migrator setup, aiming to have everything up and running asap.
Attention Migratoooors!

The Early Migrator closes in just under 4 hours βŒ›οΈ

Migrate here.
Read more here.
πŸ“’ Crosschain Update πŸ“’

As communicated before, the axelar bridge integration will most likely take another 2-4 weeks for completion.

One-time Bridge Solution

Understanding the community's wish to be able to farm on aerodrome, we will enable a manual one-time bridging solution.


DEUS from all chains > BASE

1️⃣ Deposit your DEUS to this address: 0x5354b4e74642712199df4ab524f96c5c0c8fba69
2️⃣ We will airdrop DEUS on BASE to your account in the coming week.

We aim to have this ready by the Aerodrome epoch flip, but we'll communicate more exact timings soon.

Please note:
This action is entirely optional.
If you opt to bridge through this method, we kindly request patience on the timing for receiving your DEUS on BASE.


THIS IS AUTHENTIC.
if you are uncertain, we also posted the address via
DEUSdao and Lafa on Twitter.
πŸ”Ή DEUS token was redeployed on Fantom with new CA: 0xde55b113a27cc0c5893caa6ee1c020b6b46650c0

πŸ”ΉTwo new pools have been launched on Beethoven 🎡

- DEUS Crescendo (80% DEUS, 20% FTM)
- DEUS ma non troppo (50% DEUS, 25% FTM, 25% lzUSDC)

- Vote in Round 54 of the Beets Wars here

πŸ”ΉEmissions are flowing on Horiza, our latest DEX partner

πŸ”ΉBridging across all chains made possible by Axelar and SquidRouter πŸ¦‘

πŸ”ΉThere are plenty of earning opportunities across multiple chains πŸ€‘

- Arbitrum (Ramses, Horiza)
- Base (Aerodrome)
- BNB (Thena)
- Fantom (Equalizer, Beets, FVM, Solidly)
- Polygon (Retro)
- Kava (Equilibre)

πŸ”ΉKeep an eye out for bribes being loaded up across these DEXs every Tuesday πŸ‘€

Website | Discord | Twitter
Mazett has released a primer about $BACKED, a vault technology that aims to redefine on-chain financing, and deliver OHM-esque private equity returns to its hodlers.

Just think how it can fuel the growth in the SYMM ecosystem and, potentially, DEFI πŸš€

https://twitter.com/omazett/status/1751708277950320755

https://link.medium.com/3TWwVbPJJGb
Update on "Legacy" DEUS

We're busy solving all "legacy" DEUS issues.

The objective is to start from a clean slate. Cleaning things temporarily stirs up some dust, making things appear a bit unclear.
Here's an update to keep you informed.

Timing Update

Previously we announced the end of the option to revert the DEUS-SYMM migration on Jan 31st.

Current status: option to revert is still active, but amounts reverted are not eligible for $BACKED Airdrop.

reason for delay:
(1) takes resources: need to upgrade contract

(2) current focus is on solving all "legacy" DEUS issues, eg. making anyDEUS-DEUS convert process smoother, bDei-DEUS claims, DEI-IOU-USDC

DEUS supply: best estimate 100k when the dust settles

- Unsure if bots are correct with the anyDEUS-DEUS migration (and not priority to check it)
- Best estimate is β€” will be easy to check after the dust settles β€” DEUS total supply (eg incl xDEUS) will be 100k
Converter Update βš™οΈ

The multiDEUS -> DEUS conversion contract has been upgraded. Security monitoring has been automated and the cooldown reduced down to 30mins.

The UI connects to the upgraded contract, so you can continue to convert and claim here: https://app.deus.finance/convert
With the DEUS -> SYMM migration wrapping up 2 weeks ago, users are now able to claim their DEUS.

The "balanced migrators" whose DEUS/Symm migration ratio is that of the entire Deus-Symm community, can now claim their DEUS here: https://app.deus.finance/migration