GM Nexonians,
In our previous newsletter, we informed you about the supply limit increase and the reasons behind it. We are thrilled to announce that the supply limit has been raised to $5M. Our team is constantly working towards removing this limit and making the protocol accessible to all our users.
Link to our app: https://app.nexon.finance/
New Updates
We're excited to share that we've formed some important partnerships in the past few weeks. At Nexon Finance, we firmly believe that collaboration, not competition, is the key to achieving widespread adoption of DeFi. We know that we can't do it alone. To shape the future of finance, it's critical that we work together toward a shared vision. We're committed to fostering meaningful collaboration between DeFi projects and building a stronger, more interconnected ecosystem.
Our partnership with Mute.io allowed us to use additional liquidity for liquidations hence we were able to safely increase the supply limit. It also benefits Mute LPs as they will now earn more from the trading fees.
We also announced our partnership with Overnight.fi. Overnight is an asset management & stablecoin protocol that uses Nexon lending pools for earning yield on their $USDC deposits. They also have plans to create delta-neutral strategies using our lending pool.
We’ve surpassed 21K+ unique addresses on the zkSync Era mainnet. We’re seeing steady growth despite the supply cap. As the zkSync ecosystem matures we expect an exponential growth curve with the influx of new users.
What’s next?
We continue to explore new partnerships and collaborations that will help increase the supply limit so that everyone has open access to all the liquidity in the Nexon lending pool & Nexon becomes the liquidity hub on zkSync.
We recognize that the ability to access liquidity is critical to the success of any project, and we are committed to exploring new options. By introducing a supply limit to protect against liquidity risk, we are taking concrete steps to keep our users safe and ensure the long-term success of Nexon Finance.
Nexon is making strides towards its goal of simplifying the user experience (UX) of decentralized finance (DeFi) with this launch. Finally, we want to express our gratitude to our community for their unwavering support and dedication to the project. The Nexon team values your contribution at every step of the way.
We're creating Nexon with the entire DeFi community in mind, and we invite you to join us in shaping this collective experience. Let's build Nexon together!
Click the links below to join the community and stay updated with all things Nexon.
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Good
greatttttt ZK is the future !