Abax
@AbaxFinance
Followers
3,809
Following
13
Media
63
Statuses
263
Community-driven, non-custodial lending protocol built on @Aleph__Zero . Part of @Aleph__Zero builder program.
Joined March 2023
Don't wanna be here?
Send us removal request.
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We are happy to announce a
@zealy_io
campaign for early $ABAX Community Members! 🫂
1. Get discord roles
2. Complete tasks
3. Get points
Smash all Zealy quests and get up to 10% bonus during $ABAX token distribution.
The game starts NOW! 🏁
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Hello world!
Meet Abax, a fair lending protocol launching on
@Aleph__Zero
.
Stay tuned and learn more at .
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The
@Aleph__Zero
ecosystem is growing ⚡️
Here is 56 protocols, DAOs, and companies actively building in $AZERO space
👇👇👇
1.
@interlockweb3
- Interlock is a decentralized security platform that delivers Web3-centered solutions to combat cybercrime
2.
@Panjea_io
- A…
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DAOs have a lot of room for improvement.
In Abax community, we're committed to raising the bar with our POS-inspired approach, redefining decentralized governance.
Discover how we're enhancing the world of DAOs 👀
#DAO
#Innovation
#Blockchain
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📊Tokenomics is a vital cornerstone of every project. Dive into our latest article on Medium to explore an Abax innovative approach to token creation.
Join Abax Discord to collaboratively shape the future of Abax tokenomics after testing your knowledge…
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📢 Abax Lending Protocol is now live on the Aleph Zero testnet! 🚀
Explore the cutting-edge lending platform via the user-friendly UI at . Immerse yourself in the future of decentralized lending today!
#DeFi
#AbaxProtocol
#Lending
#Borrowing
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We are proud to announce a strategic integration with
@AZERO_ID
- your digital identity in one domain within
the
@Aleph__Zero
ecosystem 🥰
Surprise: 10 free domains are waiting for you!
1. Like & RT this post
2. Follow
@AbaxFinance
&
@AZERO_ID
3. Results in 48h
PS. If you…
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On Abax Testnet, you can now supply 👇
• $AZERO
@Aleph__Zero
• $DAI
@MakerDAO
• $DOT
@Polkadot
• $USDC
@circle
• $WETH
• $BTC
What asset should we add next?
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🌟 Earn Abax bonuses and secure your GOV Builder role by completing a series of quests on Zealy. Don't miss out on this opportunity!
Catch up with our latest article if you have problems with quizzes 👀:
Join us on Discord for a lively discussion about…
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🌐 Abax Finance Node is up and running, creating blocks on the Aleph Zero Network. 🎉
You can now nominate Abax Finance validator to support DeFi growth in the AZERO ecosystem as the fees will be used to support Abax's development and promotion.
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🧮 SURPRISE 🧮
Join the governance contest & use the on-chain alpha Abax Governance on
@Aleph__Zero
testnet launched specifically on the occasion of
@ETHWarsaw
!!
Submit and vote on proposals trying to answer the question: “How to promote active governance participation among…
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We are excited to announce the newest version of the Abax dApp! Thanks to our community, it's now even stronger.
When you speak, we listen 🩶
Here's what's new:
1️⃣ Market Rules (MR)
Market Rules are about choosing your conditions on which you can borrow the assets.
Market…
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The
@Aleph__Zero
ecosystem is where the innovation lies 🩶🖤
We chose it as the home for Abax because of:
1. The ability to build fast
2. Increased user privacy
3. A strong developer community
4. 50+ protocols already building
5. Access to tons of mindshare experts
And you:…
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How to enter the
@Aleph__Zero
Ecosystem? ⚡
There are 5 wallets you should look into:
•
@Aleph__Zero
Signer
•
@wearetalisman
•
@subwalletapp
•
@Nightly_app
•
@Polkadot
js
How to navigate?
#LearnWithAbax
🧵 👇
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Abax Protocol is coming live to testnet! 👀
We're happy to announce, that on August 24, Abax Protocol smart contracts are gonna be live on Aleph Zero testnet, available to public.
Coinciding, a web app to provide interactivity will be released. Below, a sneak peak of how the UI…
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Curious about the latest progress of Abax? We’ve got you covered with the roadmap updates.
🟢Recently:
✅DAO fine-tuned & finalized the design of Tokenomics and Governance
✅Abax Finance validator has been set up and running
✅Stablecoin functionality added
🛠️Governance & TGE…
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Our validator Abax Finance Node has already garnered more than 250k AZERO stake in less than a week 👀
Stake with us and let's fuel the growth of
@Aleph__Zero
and Abax together!
Thanks to all of the nominators!
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Airdrop Campaign Proposal Approved!
After community discussions & voting, the proposal got a green light! ✅
Here are the details:
During the campaign, our Abax Validator's commission rate will rise and in exchange will compensate nominators with an airdrop of Abax Tokens. Start…
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The Abax DAO is brimming with passionate and dedicated individuals driving our project forward. It's about time to take things to the next level! 🚀
Introducing the Abax Ambassador Program, designed to bring the most active members even closer to the Abax mission.
Mark your…
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Three days until Abax Protocol becomes available for everyone to test & see it working in practice!
Time to shed some light on what does it mean and how to prepare for it 👀Details below ⬇
Test the protocol, join the community on telegram & Discord and let's shape Abax together!
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📢Calling all
#cryptocurrency
enthusiasts! Join us in discussing the
#tokenomics
and
#governance
system of Abax. Check out our proposals and give us your feedback on our forums. Let's shape the future of our community together! 💪🔥
Forum:
Discord:…
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Abax Lending Protocol hits nearly 6 months on testnet!🎉
Massive props to our incredible testers - your engagement fuels our motivation for hard work! Your feedback has been invaluable in enhancing UI functionality, finding bugs, and preparing for the upcoming mainnet launch.🙌…
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📢Calling all Abax Community members! 🚀
Exciting news! Two new significant proposals are awaiting you!
1️⃣ Abax Ambassador Program: Increase Abax outreach & growth.
2️⃣ Extending Public Contribution Bonus Rules: Enhancing bonus system.
Both proposals are open for debate with a…
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🚀 Staking Airdrop Campaign Launched! 🚀
Exciting news! Abax's node nominators have officially started racking up airdrop rewards. Here's everything you need to know to get involved ⬇️
•The campaign has begun today and will continue until two weeks before the start of public…
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Successful Lending & Borrowing is not a piece of cake. There are things to consider while opening a safe position on Abax, such as:
• Collateral & Debt Coefficients
• Collateral & Debt Power
• Risk of Liquidation
• Health Factor
Don't get liquidated -
#LearnWithAbax
👇
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Remember, Abax Lending Protocol will also be a stablecoin emitter like
@aave
,
@MakerDAO
, and
@VenusProtocol
. Decentralized stablecoins benefit the protocol and users alike, offering a fresh revenue stream while granting users access to truly decentralized money.
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Craving a deep understanding of Abax Tokenomics? 🤔
New article dives into the nuances of utility, supply, distribution, and the economic model. A must-read! 💡
PS Enjoy a sneak peek of the sleek, gorgeous $ABAX 😉
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We’re excited to announce that
@CoinFabrik
has run Scout, their open source tool for identifying security issues in the source code of ink! smart contracts, on a selection of Abax's contracts 🤝
This helped to identify and decrease false positives/negatives in Scout and helped…
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🌟Stakedrop Update🌟
In only 2 weeks:
🚀3.5m $AZERO staked in Abax Finance Node!
💰725k $ABAX secured by nearly 300 nominators, making up 3.6% of Tokens intended for Phase one of Public contribution.
🙌Huge thanks to our dedicated stakers, driving Abax community & project…
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Exciting news!⚙️We're glad to announce that the Abax Protocol contracts and its accompanying web app interface are currently undergoing on-chain "alpha" testing! Step by step, we are getting closer to a testnet release... 👀
#Abax
#DeFi
#AlephZero
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🥁Drumroll, please! 🎉 We're pleased to announce the new Abax website is now live on !
Check it out and join Abax community 🧮
#Abax
#AlephZero
#DeFi
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📢 Catch up on the Abax Protocol updates! 🧮 The past weeks were heavy on the development side. Here's what's been happening behind the scenes: 👇
#Abax
#AbaxFinance
#DeFi
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Quick Stakedrop update: 1.7M ABAX secured by stakers – 8.5% of Tokens intended for Phase One of Public Contribution!
Make sure you're up-to-date on Abax Tokenomics! Check out the comprehensive guide below 👇
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Abax is prepping for liftoff on
@Galxe
!
Get ready for the first campaign to drop soon.
In the meantime, follow us for updates:
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Exciting news for Abax!
Lending Protocol and Governance Smart Contracts are undergoing a thorough audit, ensuring the highest level of security for the community.
Stay tuned for more details about the audit progress.
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Cooking at
@EBlockchainCon
🧑🍳
- Co-hosted a booth with
@Aleph__Zero
- Discussed security with
@zokyo_io
- Shook hands with
@idOS_network
Few will understand... 👀
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Keen to know the insights of secure DeFi lending? 💡Check out the latest article exploring the crucial topic of Abax Lending Protocol - risks 👇
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📢Exciting news! The Governor smart contract for the Abax DAO, one of the first DAOs on Aleph Zero, has just been published on GitHub! 🎉
Through this smart contract, the DAO will make its ow
#Blockchainn
, including decisions about Abax Protocol. We invite…
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Billions of dollars have been lost due to protocol loopholes with only a small chunk of it recovered 📉
This was almost the case for to Aave through Stable Rate mode.
Here's what happened 3 weeks ago, and why Abax doesn't have SR within the protocol👇
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Just one week until the Abax Ambassador Program kicks off!🚀
Discover all the details about rules, incentives, and how to join in our latest article:
Great rewards are reserved for the top ambassadors, along with the chance for an extended collaboration!…
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📢Abax is coming to Paris Blockchain Week!
Excited to take part in DeFi discussions & networking throughout the event.
Do not miss the Aleph Zero Petit Summit👀
🇫🇷 Aleph Zero Petit Summit starts in four days!
Sign up if you haven't already:
Join us on the Seine for an afternoon of great discussions and networking. We're excited to welcome you together with our co-hosts:
🪙
@StablecoinStnd
,
🧪
@AlchemyPay
,
💧…
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🧮 We're pleased to reveal that Abax has started working together with the team developing OpenBrush, joining
@Brushfam_io
advisory program!
The focus of the cooperation is to ensure protocol's performance, security and more🛡
#Abax
#DeFi
#Brushfam
#OpenBrush
#AlephZero
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Great to be a part of the ecosystem!
👩💻 Aleph Zero Buidlers – tell the world what you're building!
Use this thread to showcase your work. Go! 🚀
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The Abax Ambassador Program is now LIVE and accepting applications!🚀
Don't miss out - apply now on our Discord:
Brush up on the program rules before applying👇
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What's happening on Abax Testnet?
👪 ~600 unique users
📝 ~500 testnet-feedback forms filled out
Test here:
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The DAO community has spoken, and two important proposals have been accepted:
1⃣Public Contribution Bonus: Get an extra 1% for every 1,000 AZERO contributed during the Abax minting process (capped at 10%).
2⃣Abax Ambassador Program: Get ready for liftoff! More announcements…
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Make your mark on Abax's journey! Only a few days left to join the conversation on the Tokenomics Proposal ⌛
Dive into the details, complete Zealy quests, discuss and vote! Take part in shaping Abax 🛠️
🌐
Engagement will be rewarded with additional Zealy…
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🌟Stakedrop Update🌟
Ahead of the TGE, our stakers have already secured 1.25 M $ABAX.
6.25% of Tokens intended for Phase One of Public Contribution reserved in just 4 weeks!💰
It's still not too late to join the campaign and claim your share of $ABAX!
Choose Abax Finance…
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The clock is ticking!⏰
Last days of DAO's voting on two important proposals:
1⃣Abax Ambassador Program: Increase Abax outreach & growth.
2⃣Extending Public Contribution Bonus Rules: Enhancing bonus system.
Join the voting on the official discord channel:…
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Attention, $ABAX Family! 🚨⚪️
It's the last day to secure the Early Bird role.
1. Join Abax Discord!
2. Become eligible for a % bonus during $ABAX TGE
More roles are coming with the
@zealy_io
release 👀
Learn more & secure your spot:
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🗣️Abax community has spoken.
Dive into a comprehensive article on the carefully crafted governance approach that was accepted within the community and is now being implemented! 🛠️
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💡 Did you know that 3 out of 5 largest protocols in the crypto space come from the Lending & Borrowing niche?
Follow the fundamentals.
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🌟Stakedrop Update🌟
Stakers have secured a whopping 2 million $ABAX – a full 10% of the tokens allocated for the First Phase of Public Contribution!
A massive thank you to our dedicated community for driving Abax forward!
There's still time to join and secure your share –…
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The Abax Blog has just launched! In the first article 👇📝
• Make the most out of DeFi Lending
• Deep-dive into Interest Dynamics
• Liquidity mechanisms on Abax
• Is it worth to lend...?
🔗 Take full advantage of DeFi Lending:
#LearnWithAbax
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Astonishingly quick, isn't it?
@Aleph__Zero
exhibits incredible features, contributing to our decision to construct
@AbaxFinance
.
Powered by the DAO community, we endeavor to optimize lending for maximum security, accessibility, and efficiency.
Check out our website:…
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Abax:
• innovative position risk Model
• flexible borrowing rules
• fair interest rate model
Others:
• conventional risk management strategies
• rigid borrowing rules
• questionable interest rate framework
Choose wisely 🤷
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🎄Happy Holidays, Abax Community! 🌟
Wishing you all a wonderful festive season filled with happiness and memorable moments with your loved ones. 🎁✨
👀And keep an eye out, because, after Christmas, fantastic presents will be brought to our community! Get ready for a journey…
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Without a doubt,
@Aleph__Zero
stands out as an excellent foundation for building!
⚙️ Testnet 13.2 Zahir: network usage becomes 10X cheaper!
A single transaction on Aleph Zero costs just 0.0003 AZERO–now, we’re moving that decimal because the transactions have been lowered even further!
This makes the blockchain even more suitable for housing High-Frequency…
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Whenever user enters the dApp, we provide the best possible borrowing opportunities... thanks to Market Rules feature
• How does it work?
• Why some token prices are correlated?
• How to increase awareness on borrowing?
Don't get rugged while making moves -
#LearnWithAbax
🟡
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🚨Airdrop on the horizon!
Reminder that community voting is underway on a proposal for an airdrop for those who stake with Abax Finance Node.
⏰Time is ticking so check the details, vote and join the discussion:
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Abaxooors! What are 5 opportunities in the lending and borrowing market? 👀
1⃣ Increasing margin capital for leverage trading through collateralizing more assets
2⃣ Earn yield on your long-term bags
3⃣ Getting liquidity
4⃣ Flash loans for quick borrows
5⃣ Private and…
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@AZERO_ID
went public on mainnet!
Abax has joined its journey by claiming abax.azero domain 👀
Happy to see the ecosystem grow 🔥🔥🔥
#Azero
#AlephZero
The
@AZERO_ID
Mainnet is live for the public! 🚀
𝗥𝗘𝗚𝗜𝗦𝗧𝗘𝗥 𝗡𝗢𝗪 𝗢𝗡:
Everyone in the
@Aleph__Zero
ecosystem can now have an on-chain domain, making it easier to interact with the chain. 😎
Let's dive into this major milestone together… 👇
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Reminder🔔
Less than a day left till Abax Protocol is live on testnet!⌛️
Less than a day until everyone can see it in action! ⌛️
Use the app, join the community, give feedback, shape Abax, build the future!
, ,
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@Aleph__Zero
Building the efficient, regulatory compliant & secure Lending Protocol on
@Aleph__Zero
, the innovative, effective DAO & more
Check out the live testnet:
Join the community:
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Reminder to check out this neatly prepared ecosystem advent event!🎄
Only 4 days left!✨
Aleph Zero Ecosystem Event - Advent Calendar
(organized and planned by Aleph Zero Ambassadors)
Some Ambassadors of Aleph Zero got together and planned an event for the
#community
and the ecosystem!
The advent calendar event around
@Aleph__Zero
and the
#ecosystem
!
We…
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Wrapping up
@ETHWarsaw
…
Thanks for all the such valuable talks on-site and thanks everyone for the engagement in taking part in the first on-chain governance theme based event!
Crazy how many of you took part in it, tried the app & interacted with smart contracts!! 🚀
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10.
@PunksAzero
- A modern take on CryptoPunks, with redesigned art, traits, and style
11.
@crowdgenix
- ZK-Powered Institutional DeFi for Real-World Assets
12.
@syncra_xyz
- A no-code solution for creating privacy-enhanced DAOs using Aleph Zero and Liminal
13.
@drkvrs
-…
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@ETHWarsaw
community!
The team that created Abax Protocol awaits you at the
@Aleph__Zero
booth 🧮
Come, meet us, grab some merch and learn about the project!
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Let's not forget the 2% of ABAX that we've allocated for active community members in our tokenomics. Join us on Discord, Telegram, and our governance forum to discuss and share your thoughts!
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@PunksAzero
@crowdgenix
@syncra_xyz
@drkvrs
@AZERO_LIVE
@Nightly_app
@cardinal_hq
32.
@CoinSender
- Ultimate token management and distribution platform
33.
@Fractal_ID
- The interoperable Decentralized Identity System for web3
34.
@tangem
- The first hardware wallet solution for storing your AZERO
35.
@quidliprotocol
- A crypto-based micro incentives…
3
7
30
@PunksAzero
@crowdgenix
@syncra_xyz
@drkvrs
@AZERO_LIVE
@Nightly_app
@cardinal_hq
@CoinSender
@Fractal_ID
@Tangem
@quidliprotocol
43.
@scio_xyz
- Scio Labs builds products & advises teams in crypto, i.e. by providing full-stack DApp Boilerplate for Substrate and ink! Smart Contracts
44.
@sekoyalabs
- Aleph Zero monitoring bot on Telegram
45.
@zondax
- Zondax specializes in building back-end tech solutions…
2
8
29
@PunksAzero
@crowdgenix
@syncra_xyz
@drkvrs
21.
@AZERO_LIVE
- Real-time monitoring, alerting, and delivery of critical network data to the Aleph Zero community and ecosystem partners
22.
@Nightly_app
- Nightly is a non-custodial wallet solution for NEAR, Solana, Aptos, SUI, and Aleph Zero
23.
@cardinal_hq
- the core…
2
9
27
📢 The Abax DAO Constitution draft is now live! 📜🌐 Check it out and be part of shaping the future of Abax!
🗣️ Join the discussion on the forum and hop on our Discord channel () to engage in real-time discussions.
Find the draft on our governance forum:…
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4/4) ⚠️Disclaimer: The primary goal is to uncover bugs and improve user experience for the upcoming mainnet launch. The test tokens used hold no real value. Rest assured, after migration to OB4, the production-ready Protocol will be redeployed for the final testing.
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🔬Finally, we’re working on preparing an upcoming testnet release of Abax smart contracts, which will coincide with the launch of our web app.
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We're dedicated to continuously improving Abax and creating a high quality project right from the get go. Stay tuned for lots of updates coming your way...really soon!
Join us at , and
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Let's start with explaining the liquidation.
Look: debt is a promise - borrowers use digital assets as collateral for repayment. If the asset value drops, debt can nearly match collateral value.
1/11
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🛠️ The upcoming web app has been in development and finally all of the pieces are coming together. The mentioned makeover has covered it as well - can’t wait to showcase it! 💥
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Abaxooors! How are you feeling about December?
Bullish 🐂
161
Bearish 🐻
34
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✨ Abax brand has undergone a revamp - a new design, giving Abax a fresh look!
💻 The landing page has received a complete makeover. The reveal of the UI, a new “clean cut” look is gonna happen in the upcoming days!
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3/4) 🎯 Testnet Goals: The focus is to enhance UI functionality. Engage by supplying, redeeming, borrowing, and repaying test tokens. Share valuable insights at the Abax discord server: .
Abax!
#UXTesting
#Testnet
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How does it work on Abax Finance?
The protocol utilizes smart contracts to set specific liquidation conditions, establishing a safety net.
Understanding liquidation is key to create a secure ecosystem.
3/11
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🧪 We've been revising and keeping Abax Protocol smart contracts up to date with the new
@ink_lang
& OpenBrush releases.
⚙️ We've been conducting thorough internal contract testing, focusing on refining the finer details.
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@ilocaner
@coinbase
@binance
No wonder. Simply
@AlephZero
offers great tech and also its potential is huge.
You might want to explore
@AbaxFinance
. We're a decentralized lending protocol that operates without custody, driven by smart contracts and blockchain technology native to
@AlephZero
.
Check out our…
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That's a bit concerning.
Then, borrowers may lose incentive to repay when debt exceeds collateral value, resulting in bad debt for lenders like Abax.
That's the role of Liquidation: it prevents this scenario by stepping in when debt nears collateral value.
2/11
1
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2/4) 🔑 Ready to Test? You only need:
1) Compatible Wallet
2) TAZERO tokens Obtain yours at: .
#AbaxTestnet
#TestItToday
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Collateral Coefficient (CC) measures Collateral Power from an asset.
Debt Coefficient (DC) measures Collateral Power used by an asset.
Stablecoins tend to have higher CC & lower DC than tokens like $DOGE.
PS. On Abax, the price of collateral is provided by
@DIAdata_org
10/11
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Useful tip for all the normies right here: If the HF drops below 1, the loan is considered undercollateralized.
You either risk liquidation or supply more capital.
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Collateral Power (CP) measures a user's borrowing potential, taking into account the total assets supplied, asset prices, and collateral coefficients.
Debt Factor (DP) measures how much of a user's debts utilize their Collateral Power.
9/11
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The higher HF is, the less risky the position is.
Whenever the Health Factor falls below 1, the risk of bad debt becomes intolerable and position may be liquidated.
5/11
1
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