GM Nexonians!
We hope this newsletter finds you well. We have some exciting news for you!
Nexon Finance is now live on the zkSync mainnet! We have come a long way since our early testnet release in December 2022. Since then our community has grown threefold with many successful community initiatives & proposals.
As of today, Over 75k+ users have tested our dApp with over 600k+ testnet transactions. Through our community’s support, we have been able to test our dApp and work out any inefficiencies easily.
We are among the first projects to be deployed on the zkSync mainnet. This marks our first public mainnet release on zkSync Era.
Checkout: https://app.nexon.finance
Users Safety Comes First:
What can you expect from this mainnet launch?
Our smart contract is audited by PeckShield, ensuring that our code is safe and secure for all users.
Initially, only the USDC market will be active for transactions on the Nexon dApp. More markets will be added gradually.
To ensure the safety of our users during the launch, we've decided to limit the number of initial users. As a result, only deposits and withdrawals with a supply limit will be enabled. This means the protocol will only accept a total of $1M deposits initially.
In order to minimize individual user risk, we have set a maximum deposit limit of $500 per address.
As the market matures and liquidity increases on the DEXes, we will enable borrowing and repayment on our protocol. This is necessary to ensure safe liquidations. Please note that we will be gradually increasing the supply and borrow caps as liquidity increases. Once we achieve sufficient liquidity in the zkSync Era, we will remove all limits.
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.
Twitter | Discord | Lens | Website | Whitepaper
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