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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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
iykyk๐Ÿ‘€ https://t.co/5VK1wHasNm
โ€” Open Dollar (@open_dollar)
Jul 19, 2024
๐Ÿ—ณ๏ธ Cast a vote to Add GRT as a supported Collateral type to Open Dollar

๐Ÿ“ฃ Voting closes at 10:17pm ET, June 21st

Cast your Vote ๐Ÿ‘‡
https://t.co/CkTuVJGDNJ https://t.co/E8yovAJfv1
โ€” Open Dollar (@open_dollar)
Jul 20, 2024
The Gov Simulator cuts proposal review time from hours to minutes ๐Ÿ”ฅ
1๏ธโƒฃ Test + submit proposals easily with an interactive UI
2๏ธโƒฃ Ensure proposals are error-free and ready for implementation
3๏ธโƒฃ Validate proposals quickly, spend more time building

Future of DAO governance is now๐Ÿ‘‡ https://t.co/gQMimts8dz
โ€” Open Dollar (@open_dollar)
Jul 20, 2024
Why have just one when you can have both?

Delegate Vaults FTW ๐Ÿ™Œ https://t.co/3eqQzYr885
โ€” Open Dollar (@open_dollar)
Jul 20, 2024