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Weekly WenSoon (Leofinance AMA) Recap 7-12-22

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@scaredycatguide
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It was that time again, for all the WENS and Soons to be shared on the weekly AMA. If you want to join live the call is Tuesday's at 11am EST but often not till 12pm EST. Find us in the AMA discord audio.

Threads and the precursor to Project Blank

Khal started off talking about threads and how live beta testing seems to be the best way for progress.

Threads which is a micro-blogging aspect and sort of precursor to Project Blank will be live in the comments of Leofinance. Once threads is fully functional it basically means the back end of Project Blank is built in many aspects, which is half the battle.

The release date for threads is not set but it is in the sooniverse and not too far out.

Community Pages

The ambassadors are all launching a community page of there own to use as a home base to onboard and help grow the leofinance user base.

I like this idea as it gives them a platform to work from and a way to have a one stop to interact with new users and answer questions and assist with people getting familiar with the site after onboarding.

Anyone can be an admin for a community page, so if you have a community to onboard or one you want to build reach out to @anomadsoul to see how to get going and get the green light.

Defi Updates

Polycub additional V2 updates, governance UI and vexPoly will all roll out together.

VexPoly let's you stake your xPoly for two years and it gives you 3x governance power on your xPoly for those that are not familiar.

There are other mechanics but that is the main point. The staking is a fixed APR of 20%. The APR comes from revenue on the platform, not inflation. Anything earned above 20% goes into protocol owned liquidity, which is a win cus PoL is a net buyer of polycub.

You can learn more in the docs: https://docs.polycub.com/polycub-mechanics/vexpolycub

Wrapped...

It was a short call this week due to time constraints but packed with good info. See ya'll on the next one.

Posted Using LeoFinance Beta