Parallax Announcements
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Revolutionizing DeFi with innovative asset and liquidity management.

TG Chat — t.me/parallaxfinance_chat
Website — parallaxfinance.org
Twitter — twitter.com/parallaxfin
Discord — discord.com/invite/jeGk2XswUM
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🚀New proposal Alert 🚀

It’s exciting, but don’t just watch, take action too. CALM vault performance have been highly impressive since launch (a week ago) with upto 10% in fees & rocking 3-4 digits APYs. Now let’s explore more opportunities with other chains and max returns!

Targeting Ethereum chain, we’re set to expand our vault line up in the next 2 weeks while max utilizing the efficiency of HAL9000!

🔒New Pools incoming:

⁃ USDC/ETH
⁃ LINK/ETH

Duration of release:
⁃ January 1-14, 2024

Voting Timeline:
• Start: 29 December 2023, 1PM UTC
• End: 2 January 2024, 1PM UTC

All $PLX stakers are eligible to vote. For every $1 of $PLX staked, you will receive:

⁃ 1 vote in the 6-month vault
⁃ 2 votes in the LP Farm
⁃ 3 votes in the 12-month vested vault

Have a vault idea?
Don't keep it to yourself - propose it! We're here to supercharge your 2024 APYS.

Vote here 👇
https://parallaxfinance.org/governance/

#KeepCALMCarryOnPrinting #ThinkHALActCALM
🚀 Happy New Year from Parallax Finance! 🚀

To our Parallax community - your support has been invaluable, and your constructive criticism even more so.

2023 was a year of trial and as we look towards 2024, we're excited to see what is in store for all of us.

Let's join hands for a year of collective breakthroughs. Let's make it happen, together! 💪
🚀Week Four: Campaign Craze in Space - Infographic!

Greetings, space travelers! We're diving into the fourth week of our exciting Campaign "Craze in Space".
This week, we invite you to showcase your creativity and insights in an infographic explaining CALM’s Unique Features! Your mission is to craft an infographic that highlights CALM's role in concentrated liquidity provision. Aim to create a piece that's detailed yet approachable, helping newcomers navigate the complexities of liquidity management.

Contest Details:

🖼Submission Format: Submit your infographic in PNG or JPEG format.
✉️Where to Submit: Please send your entries to parallaxsubmission@gmail.com
📅Deadline for Submissions: January 14, 2024.
🏆Prize: $250 for each winning submission!
🎯Focus: Your infographic should be informative, detailed, and engaging, simplifying the complexities of Uniswap V3 concentrated liquidity pools for beginners.

We're looking for submissions that are not only educational but also visually captivating. Help others understand the exciting world of decentralized finance with your artistic and explanatory skills.

Winners will be announced after the deadline, and we will contact them directly for prize distribution.
🔄 Parallax Finance - Important Update

We're pleased to announce that the "Add Liquidity to Existing Positions" bug has been successfully resolved. Most affected users should notice their full position displaying correctly on the interface .

Note: Handful users may still notice some of the liquidity is absent from the interface (due to bug found in native USDC deposit). If you're affected, expect it to be transferred directly to your wallet instead to your position. This process is scheduled on Tuesday/Wednesday.

We apologize for any inconvenience this may have caused and appreciate your understanding as we strive to enhance your experience with Parallax Finance. Thank you for your continued support!
🌐 Parallax Finance Community Update

Exciting news from our recent team meeting:

HAL9000 Vaults Update:
- Enhanced Rebalancing Threshold: HAL9000 has learned and adjusted the rebalancing threshold in both vaults. It now permits a larger deviation leading to a lower frequency of rebalancing thereby, reducing transaction costs and potential slippage for more efficient and profitable vaults.

- Wider Price Range: HAL9000 operates within an expanded range, addressing increased volatility and bolstering vault resilience against sudden market shifts.

New Vault Deployments:
- Launching USDC/ETH & LINK/ETH this week!

CALM UI Overhaul:
- Clarity-focused revamp in position value & earnings. Stay tuned for more details.

Sushi-GMX Vault Resolution:
- Resolving withdrawal issues by Tuesday or Wednesday.

Beta Airdrop Update:
- Finalizing this week. Thank you for your patience; we apologize for the delays.

Upcoming CALM Audit Details:
- More insights on the audit process will be shared when available.

Current Focus:
- Gathering feedback & Performance Tuning: Your input is invaluable as we refine and enhance our vaults.

CALM Analytics:
- Data-Driven Insights: Preparing for deployment post one-month historical data collection.
🚨 Parallax Finance Community Update 🚨

Hello, Parallax Finance members! We have some important information regarding the recent upgrade on the CALM Vaults and its ongoing effects:

A few hours ago, our developers implemented a new method to fight improving Impermanent Loss (IL).
We want to reassure everyone that there has been no loss of funds due to this issue.
Currently, deposit and withdrawal services are paused. Additionally, the visibility of your position value and rewards is temporarily unavailable as we work on fixing the issue. For this reason your deposit value will be incorrectly displayed in debank and similar service providers.

The upgrade is happening in the ARB/USDC pool, particularly in the compounded pool that accrues fees.

Our team is actively working on resolving this issue. We will also provide a comprehensive explanation and an on-chain post-mortem analysis to ensure full transparency.

Any funds that appear to be missing are actually safe in another vault within the same contract. We are in the process of rebalancing, and after the update, all balances will be accurately reflected.
🌟 Announcement 🌟

We'd like share some important updates with you:

Filled Bonus Airdrop for Sale Participants:
- The airdrop is scheduled for tomorrow, January 16, Tuesday.
- There will be a vesting period of 3 months for this airdrop.
- Exact airdrop figures will be announced alongside its deployment.

Airdrop for Testers:
- The amount and allocation details will be finalized by tomorrow.
- We will also announce the exact date of execution.
- This airdrop will have a shorter vesting period of 14 days.

New Vault Updates
- Last week's technical maintenance and fixes have led to some delays.
- We will provide a new date for the new additions, along with some insights from our recent vault testing.
- In addition to the 2 vaults on ETH, we're also considering adding another set of vaults on Arbitrum.
Post Mortem on Vault & On-chain TVL Display Mismatch | January 10, 2024

Our development team made some important updates to our HAL9000 algorithm, specifically addressing Impermanent Loss and Slippage.

Mitigating Impermanent Loss: We've refined the system's ability to select ideal ticks for optimal swap to both current and future positions.

Refining Slippage Strategies: Slippage, however, presented a more complex challenge. In essence, slippage is the difference between the expected price of a trade and the executed price. At the slippage rate of 0.2%, our system wasn't utilizing all the available funds as effectively as it could due to some intricacies in Uniswap's swap mechanisms. Adjusting the slippage rate to 1%, however, resolved this issue. We've disabled this feature for further analysis and research.

Addressing the Liquidity Issue: On Jan 10’s instance, the low slippage rate caused a significant liquidity underutilization during the ARB/USDC rebalance, resulting in incorrect allocation in the compound pool and ETH/USDC vault claimed this fund as its own TVL. We have rectified this by retrieving the liquidity back to ARB/USDC vault, ensuring all positions reflect their accurate pre-event state. No loss of funds.
🚀 Exciting News! - Airdrop Distribution (1st batch) 🚀

Dear Parallaxor, Our $PLX Filled Bonus Airdrop has been successfully executed!

Vesting: 3 months linear

You can view your allocation in our claim page here: https://parallaxfinance.org/claim-plx-tokens/

🌟 Stay tuned for the upcoming tester airdrop date, to be announced soon on Discord and Telegram. 📣 Plus, keep an eye out for new CALM vault details and their launch date!
🚀 New Vault Deployment Update 🚀

Strategic Shift from ETH Vaults: Given the current high gas fees associated with ETH vaults, which translates to high rebalance cost, we've decided to pause the deployment of the ETH vaults for now. Preliminary live testing has been done to arrive at this decision. The ETH vaults are suitable for sizeable LPers, and in order to maintain the performance edge and be inclusive of diverse user profile, we'd like to continue deploying more vaults on Arbitrum, our homebase.

Introducing New Vaults on ARB

We're thrilled to announce the deployment of new pairs on Arbitrum.

- ETH/ARB (January 17, 1PM UTC)
- WBTC/ETH (January 18, 1PM UTC)
- ETH/LINK (January 19, 1PM UTC)

These pairs have demonstrated a stronger correlation compared to ARB/USDC, which suggests that IL is expected to be lower, akin to the ETH/USDC pair. It's also noteworthy that the APYs of ETH/LINK on Arbitrum are marginally higher than those on the ETH network, offering a potentially more lucrative opportunity for our LPers.
🚀 New Vault Alert! 🌟 ETH/ARB on Arbitrum now open for deposits!

🔥 This Week's Additions:

• WBTC/ETH on Jan 18
• ETH/LINK on Jan 19

📊 Current Lineup:

• WETH/USDC.e - 289% APY
• ARB/USDC.e - 535% APY

Note: The ETH/ARB vault is newly launched; accurate APR/APY figures will be available after 12 hours of data integration.

💡 Revolutionize Your Liquidity with AI! Maximize your APYs with #HAL9000 - the pinnacle of AI-driven finance strategies.

1️⃣ Visit our DApp https://parallaxfinance.org/calm/
2️⃣ Deposit in the CALM Vaults
3️⃣ Watch HAL9000 manage your liquidity, optimizing for maximal fees

Stay ahead in the liquidity game! 🌟
🚀 New Vault 🚀

👉 WBTC/WETH on Arbitrum, powered by #HAL9000 🤖

📊 Current Lineup:
- WETH/USDC.e - 258% APY
- ARB/USDC.e - 436% APY
- WETH/ARB - 200% APY

Scheduled for January 19:
- WETH/LINK

Note: The WBTC/WETH vault is newly launched; accurate APR/APY figures will be available after 12 hours of data integration.

How To Enter Vault?
- Visit our DApp: https://parallaxfinance.org/calm/
- Deposit in the CALM Vaults
- Watch HAL9000 manage your liquidity, optimizing for maximal fees
🚀 New Vault Alert 🚀

ETH/LINK is now open for deposits!

5 vaults in the lineup each with 3-digit APY! What do you wish to see us listing next? 🌟

Note: The ETH/LINK vault is newly launched; accurate APR/APY figures will be available after 12 hours of data integration.

1️⃣ Visit our DApp: https://parallaxfinance.org/calm/
2️⃣ Deposit in the CALM Vaults
3️⃣ Watch HAL9000 manage your liquidity

We keep Building
🚀Beta-Vault Testers Airdrop Update 🚀

Hello everyone, we're thrilled to announce that the calculation of our Beta Vault Testers Airdrop allocation have been completed.

Distribution schedule: Monday, Jan 22
Vesting: 14 days linear

🌟 Stay tuned for more upcoming updates.

Do enjoy your weekend!
🌟 Winner Reveal Day: 'Craze in Space - Infographic' Challenge Week 4! 🌟

With excitement, we announce @LaunchWellKevin as the standout winner of our Week Four 'Craze in Space' infographic contest!

🏆 Prize Won: $250 in $PLX

🚀 The Mission: Participants were tasked with creating an infographic that made CALM’ and HAL9000's role in concentrated liquidity pools easy to grasp for beginners. Kevin exceeded our expectations, delivering a piece that was both informative and visually engaging.

Kindly submit your wallet address via same means you sent us your content. Payment to be made within 24 - 48 hours upon address receipt!

Also, we want to extend our heartfelt thanks to all who participated and showcased their talents. Your efforts have made this challenge a remarkable journey.
📣 Tester Airdrop Alert 📣

Tester Airdrop distribution have been successfully completed.

Vesting: 14 days linear

Claim link: https://parallaxfinance.org/claim-plx-tokens/

Note: It’s a new vesting contract so users will be able to claim the first amount starting tomorrow, Jan. 23rd, 1:30pm UTC.
🚀 Week Five: 'Craze in Space' Campaign - The Video Tutorial Odyssey!

Greetings, navigators! As we embark on the fifth week of our thrilling "Craze in Space" journey, we invite you to take us on a visual voyage through the CALM universe. This week, your challenge is to create a video tutorial that not only guides viewers through CALM's user interface but also illuminates the beneficial aspects of concentrated liquidity management.

Video Tutorial Mission:

- Craft a 30-90 second UI walkthrough video of CALM.
- Highlight key points about concentrated liquidity management, its significance, and the advantages of utilizing CALM, turning it into a learning experience.

Contest Details:

🖼 Submission Format: Your video should be submitted in MP4 format.
✉️ Where to Submit: parallaxsubmission@gmail.com.
📅 Deadline for Submissions: February 4, 2024.
🏆 Prize: $400 in PLX awaits each winning submission!
🎯 Focus: We're seeking tutorials that are not just informative but also engaging and enlightening, making the complexities of liquidity pools accessible and comprehensive for all.

Winners will be announced post-deadline and will be contacted directly for their reward.
🌟 Parallax Surge: Celebrating Milestone with $750 Giveaway 🌟

As we mark the one-month of CALM launch, we're thrilled to share our journey with you through a $750 $USDT giveaway on #QuestN!

Jan 23 - Feb 6, 2024
🎁 $75 USDT for 10 winners
🌟 Boost Your Odds by Referring Friends

Enter Now on @QuestN_com

Complete All Tasks using the link below 👇

https://app.questn.com/quest/853934466486682057