Weekly Update. 🏛

Seneca is now live on #Ethereum, with over $240,000 collateralized in its PT-eETH Chamber (@ether_fi x @pendle_fi).

Provide $senUSD liquidity on the Ethereum Mainnet to earn $SEN rewards: https://t.co/2FKsju8xYv

The PT-rsETH Chamber is…

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) on Ethereum has currently reached its maximum borrowing capacity.

• 150,000 $senUSD borrowed
• $350,000+ TVL

🔗 https://t.co/dQZyUejfvA

Additional $senUSD will be available for borrowing…

PT-eETH Chamber. 🏛

The borrowing capacity for the PT-eETH Chamber (@ether_fi x @pendle_fi) has been increased.

100,000 $senUSD is now available to borrow using PT-eETH as collateral on #Ethereum.

🔗 Access the Seneca dApp at:
https://t.co/dQZyUejfvA

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) on Ethereum has currently reached its maximum borrowing capacity in just a few minutes.

• 250,000 $senUSD borrowed
• $500,000+ TVL

Additional $senUSD will be available for borrowing soon.…

PT-rsETH Chamber. 🏛

The borrowing capacity for the PT-rsETH Chamber (@KelpDAO x @pendle_fi) has been increased.

200,000 $senUSD is now available to borrow using PT-rsETH as collateral on #Ethereum.

🔗 Access the Seneca dApp at:
https://t.co/dQZyUejfvA

Protocol Metrics. 🏛️

You can now view the protocol metrics on @DefiLlama.

Seneca has surpassed $1 million in Total Value Locked (TVL), with over 46% of the circulating supply currently staked.

Stay updated on the growth by visiting the link below:
🔗 h…

Protocol Update. 🏛️

As Seneca crossed $1 million in TVL, we marked the first milestone of its bootstrapping phase.

A. Expansion Phase
B. Liquidity Avenues
C. Staking Update
D. Seneca V2: Liquidationless Borrowing
E. Upcoming Collaterals

Keep reading to…

senUSD LP Incentives. 🏛

Earn $SEN incentives by depositing liquidity into the senUSD/USDC pool on #Arbitrum or #Ethereum.

APR on Ethereum: ~111%
🔗 https://t.co/2FKsju8xYv

APR on Arbitrum: ~73%
🔗 https://t.co/owrHoClswn

apxETH Chamber. 🏛

The apxETH Chamber (@redactedcartel) is now Live on #Ethereum, with a current borrowing capacity of 200,000 $senUSD.

🔗https://t.co/dQZyUejfvA

Borrow $senUSD against $apxETH while earning #LSD yield on your collateral. ⌛️

senUSD LP Incentives. 🏛

The incentives for the senUSD/USDC pool on #Ethereum have been boosted.

Current APR: ~152%

🔗 https://t.co/2FKsju8xYv

Deposit liquidity on @CurveFinance to earn $SEN incentives. ⌛️

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) on #Ethereum has currently reached its maximum borrowing capacity.

• 750,000 $senUSD borrowed
• $1,700,000+ PT-eETH TVL

Additional $senUSD will be available for borrowing soon. ⌛️

PT-ezETH Chamber. 🏛

The PT-ezETH Chamber (@RenzoProtocol x @pendle_fi) is now live on #Ethereum, with a current borrowing capacity of 200,000 $senUSD.

🔗 https://t.co/dQZyUejfvA

Users can now borrow $senUSD against PT-ezETH, all while earning fixed yield…

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) is now Live on #Arbitrum, with a current borrowing capacity of 200,000 $senUSD.

🔗 https://t.co/dQZyUejfvA

Users can now borrow $senUSD against PT-eETH, all while earning fixed yield on their…

PT-rsETH Chamber. 🏛

The PT-rsETH Chamber (@KelpDAO x @pendle_fi) is now live on #Arbitrum, with a current borrowing capacity of 200,000 $senUSD.

🔗 https://t.co/dQZyUejfvA

Users can now borrow $senUSD against PT-rsETH, all while earning fixed yield on their…

We are actively working with security specialists to investigate the approval bug found today.

In the meantime, REVOKE approvals for the following addresses:

#Ethereum
PT-ezETH 0x529eBB6D157dFE5AE2AA7199a6f9E0e9830E6Dc1
apxETH 0xD837321Fc7fabA9af2f37E…

We continue investigating the exploit and proactively reaching out to third parties for support.

Security always comes first for Seneca, that's why we chose @HalbornSecurity for the audit of the Chambers contract and adhered to best practices for oracle…

We're happy to see 80% of funds have been returned.

Transaction link: https://t.co/VzqCvt24pF

The exploit involved assets held in users' wallets. The exploit didn't involve funds directly deposited into Seneca (Seneca's TVL).

The recovery of funds through…