Open Dollar Anouncements
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Official announcement channel for Open Dollar

There is no official Open Dollar chat on Telegram, beware of copycats!

All of our socials and official links can be found here: https://linktr.ee/opendollar
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Coming soon, the first governance simulator with an interactive UI

1๏ธโƒฃEasily submit on-chain proposals
2๏ธโƒฃPreview their effects on the protocol
3๏ธโƒฃReduce error rates and streamline product upgrades

Our devs are cooking to make DeFi faster, safer, and more powerful๐Ÿ’ช https://t.co/YSQhs8B77U
โ€” Open Dollar (@open_dollar)
Jul 12, 2024
Got questions, join our discord๐Ÿ‘‡
https://t.co/PVlwoQWFXB https://t.co/aSZEx5x0eE
โ€” Open Dollar (@open_dollar)
Jul 12, 2024
Another day another Dollar ๐Ÿ’ธ

What collaterals do you want to be able to deposit and take OD loans against with Open Dollar?

wrong answers only ๐Ÿ˜
โ€” Open Dollar (@open_dollar)
Jul 12, 2024
s/o to @whale_hunter_ for creating Open Dollar's new Dune Dashboard!

Now users can see under the hood of Open Dollar protocol with an unprecedented level of detail!

Check it out below โคต๏ธ https://t.co/D4oZXalF7V
โ€” Open Dollar (@open_dollar)
Jul 13, 2024
Thanks for the support @TheLinkMarine1!

We only work with the industry's best when it comes to reliable oracles and top-notch security ๐Ÿ”’
https://t.co/e8DphjEDKr
โ€” Open Dollar (@open_dollar)
Jul 14, 2024
Gain access to the lowest borrow rates in the industry!

Users can:
1๏ธโƒฃBorrow OD against ETH at 1.5% APR ๐Ÿ”ฅ
2๏ธโƒฃLeverage ETH to earn addit'l yield @CamelotDEX, @CreditGuild, & @turtleclubhouse ๐Ÿ’ฐ

Possible Rewards Included: ODG, ARB, GUILD, & Turtle Points! https://t.co/W4BLhAqAIS
โ€” Open Dollar (@open_dollar)
Jul 15, 2024
We are researching new collateral types, which ones would you like to see added?

Don't see a collateral you want supported? Add your choice in the comments below๐Ÿ‘‡
โ€” Open Dollar (@open_dollar)
Jul 16, 2024
Access mind blowing cheap rates and secure loans with WETH ๐Ÿ”ฅ

Borrow stablecoins at just 1.5% ๐Ÿคฏ https://t.co/bx6e62yysW
โ€” Open Dollar (@open_dollar)
Jul 19, 2024
Borrow against WETH at 1.5% on Open Dollar https://t.co/NsNn4xRloj
โ€” Open Dollar (@open_dollar)
Jul 19, 2024
Millions of dollars worth of gov tokens are delegated in DAO governance and unable to participate in DeFi.

What if you could do both?

Now you can with Delegate Vaults ๐Ÿ”ฅ

๐Ÿงต๐Ÿ‘‡ https://t.co/GlNuPiRZPg
โ€” Open Dollar (@open_dollar)
Jul 19, 2024
/2

๐Ÿ•บDelegators: Delegate your gov tokens and simultaneously leverage them as collateral to take low-interest loans so you can participate in DeFi.

๐Ÿ‘ฉโ€โš–๏ธDelegates: Gain more voting power, rally support for proposals, and unlock new value for your DAO.
โ€” Open Dollar (@open_dollar)
Jul 19, 2024
How it works:

1๏ธโƒฃ Deposit your governance tokens into a Delegate Vault
2๏ธโƒฃ Borrow OD and participate in DeFi @CamelotDEX, @curvefi, @creditguild etc.
3๏ธโƒฃ Your voting power is automatically delegated via your delegate vault ๐Ÿ“ˆ๐Ÿ—ณ๏ธ
โ€” Open Dollar (@open_dollar)
Jul 19, 2024
Leading to:
1๏ธโƒฃHigher participation rates in governance
2๏ธโƒฃImproved capital efficiency
3๏ธโƒฃIncreased decentralization
โ€” Open Dollar (@open_dollar)
Jul 19, 2024