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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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
Your voices were heard loud and clear!

A forum proposal to add @pendle_fi PTs, rETH & wstETH as supported collaterals types to Open Dollar up!

Weigh in below๐Ÿ‘‡
https://t.co/wYcOYEe9Ws https://t.co/TNsj8V4pns
โ€” Open Dollar (@open_dollar)
Jul 19, 2024