Genshiro News Feed
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Official Announcement Channel of https://t.me/genshiro_official

Genshiro is Equilibrium's DeFi conglomerate on Kusama that can do all things that existing DeFi primitives do, but with less risk and in a cross-chain manner.
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๐Ÿšจ Reminder: transfer your xDOT to the Equilibrium app to access the EQ Blast liquidity mining campaign!

๐Ÿคฉ xDOT holders get an extra 1.5x multiplier to their yield: https://bit.ly/UseYourxDOT

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๐Ÿšจ BREAKING: Genshiro to migrate to parachain, and the new product is coming!

โ—๏ธTake a look at the 2nd quarter roadmap: https://bit.ly/GensQ2Roadmap

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โšก๏ธ Whatโ€™s next for Genshiro? Check out the updated roadmap ๐Ÿ‘†

Read more about each step here: https://bit.ly/GensQ2Roadmap

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๐ŸšจGenshirians, friendly reminder to pay back all liabilities on the platform until May 3, 2023, 3 PM UTC.

If you donโ€™t do that but would like to keep a particular asset in your portfolio, please withdraw it. This way liabilities will be met using other assets in your collateral portfolio.

๐Ÿ‘‰ Make sure to read more about the migration process: https://bit.ly/GensQ2Roadmap

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Genshiro News Feed pinned ยซ๐ŸšจGenshirians, friendly reminder to pay back all liabilities on the platform until May 3, 2023, 3 PM UTC. If you donโ€™t do that but would like to keep a particular asset in your portfolio, please withdraw it. This way liabilities will be met using other assetsโ€ฆยป
๐Ÿšจ Genshirians, 2 DAYS LEFT to repay liabilities on the platform!

Deadline: May 3, 2023, 3 PM UTC.

If youโ€™d like to keep a particular asset in your portfolio and would like us to handle debt repayments, please withdraw it so that other assets in your collateral portfolio are used to meet the liabilities.

๐Ÿ‘‰ Read more: https://bit.ly/GensQ2Roadmap

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โš ๏ธโš ๏ธโš ๏ธ Genshirians, 1 DAY LEFT to repay liabilities on the platform!

Deadline: May 3, 2023, 3 PM UTC.

If youโ€™d like to keep a particular asset in your portfolio and would like us to handle debt repayments, please withdraw it so that other assets in your collateral portfolio are used to meet the liabilities.

๐Ÿ‘‰ Read more: https://bit.ly/GensQ2Roadmap

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Genshiro News Feed pinned ยซโš ๏ธโš ๏ธโš ๏ธ Genshirians, 1 DAY LEFT to repay liabilities on the platform! Deadline: May 3, 2023, 3 PM UTC. If youโ€™d like to keep a particular asset in your portfolio and would like us to handle debt repayments, please withdraw it so that other assets in yourโ€ฆยป
๐Ÿšจ LAST CALL to repay liabilities on the platform!

All transfers will be suspended on May 4, at 7 AM UTC.

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Genshirians, all transfers are temporarily suspended โŒ

If you havenโ€™t paid back liabilities, weโ€™ll handle repayments and use your collateral to cover your debt. The rest will be sent directly to your account.

Stay tuned for further updates!

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๐Ÿค We have successfully migrated Genshiro to the parachain!

Repayments are complete, and accounts have been transferred over.

Transfers are temporarily available via Polkadot.js, while we iron out our front end.

Please reach out to our tech support on Discord for further assistance. Both transfers and withdrawals via bridges run smoothly.

๐Ÿ‘‰ Read more about whatโ€™s next for Genshiro: https://bit.ly/GensQ2Roadmap

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๐Ÿ›  While weโ€™re busy working on a new mystery product ๐Ÿ‘€ โ€ฆ.Letโ€™s explore some recent dev updates๐Ÿ‘‡

๐Ÿ”ธ Genshiro has fully migrated to the parachain

๐Ÿ”ธ Genshiro is now open-source!

๐Ÿ”ธ Substrate was upgraded to the latest version with XCMv3. Both old and new versions will be supported to ensure connection stability for all networks.

Stay tuned for more!

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๐Ÿ”ฅ Genshirians, make sure to join our Community Call today, as we'll reveal what we've been developing!

You don't want to miss this!

๐Ÿ‘‰ Join us today, at 2 PM UTC: https://www.crowdcast.io/c/community-call-33

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When the King (BTC) meets the Special (Genshiro), the Prediction Market is born!

You asked for it, we made it! As promised, weโ€™ve delivered in August. A new product for Kusama degens: the ultimate prediction market.

๐Ÿ‘‰๐Ÿ‘‰๐Ÿ‘‰ https://genshiro.io/

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๐Ÿ“ˆ Our prediction markets on Kusama are a perfect use case for your GENS! ๐Ÿค‘

GENS became deflationary! ๐Ÿ’ฐRead more โฌ‡๏ธ 

๐Ÿ”ธUse your GENS to place bets on whether the BTC price will go above a certain threshold or be within a specific range by a cutoff time.

๐Ÿ”ธGenshiro uses its own oracle to provide a medianized price to the blockchain every block. Currently, only native GENS tokens are accepted for placing bets, but if there is interest from the community, other assets may be added in the future

๐Ÿ”ธBet parameters include the offset, which determines the interval during which bets are accepted, and the duration, which determines the cutoff time at which the outcome is determined. Short-term options are supported, with a betting period and duration of 5 minutes.

๐Ÿ”ธUsers pay transaction fees to place a bet and a penalty fee of 20% of their bid if they opt-out before the betting period ends.

Winners pay a protocol fee of 20% on their profit when they claim their rewards, which are funneled into the Genshiro treasury.

๐Ÿ”ธPut your GENS to work ๐Ÿ‘‰ https://genshiro.io/

A deep-dive article about Genshiro's prediction markets is coming soon ๐Ÿ”

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โ—๏ธReminder: the Genshiro-HECO bridge will be shut down starting September 30th.

Make sure to withdraw your HDOT on timeโ˜๏ธ

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โ“ What are Prediction Markets and how do they work?

What's next for GENS and Genshiro? ๐Ÿง

Read more ๐Ÿ‘‡
https://medium.com/equilibrium-eosdt/prediction-markets-on-genshiro-why-now-and-how-it-impacts-gens-859b01452071

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๐Ÿ“ข Attention, Genshirians!

The Genshiro-HECO bridge shutdown has been postponed until October 10, 3 PM UTC.

Make sure to withdraw your HDOT before the due date โ˜๏ธ

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๐Ÿ›  Genshirians, our parachain is currently undergoing maintenance.

We are working on extending the parachain leasing period.

Stay tuned for more updates!

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๐Ÿฅณ We've successfully renewed the parachain lease period: Genshiro is up and running!

https://parachains.info/auctions/kusama-104-110#timeline_kusama-104-110

๐Ÿ‘‰ Explore Genshiroโ€™s prediction markets now: https://genshiro.io/

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