Adrena
@AdrenaProtocol
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Solana Perps DEX. 100x Leverage. 0% Slippage. 90% Rev Share. Open Source. Community Owned. $ADX: AuQaustGiaqxRvj2gtCdrd22PBzTn8kM3kEPEkZCtuDw
Solana
Joined March 2023
UPDATE: Adrena is NOT shutting down and marches on! Nothing has changed about the program and Adrena continues to operate the same way you have been accustomed to. So what's changed? 👇
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The vote has ended. Thank you @GraphiteProto for the proposal and the energy you’ve put into it — the Adrena community is grateful. Congratulations @AutonomRWA, you are now symbolically in charge. Thank you all for participating, for the energy, and for pushing the protocol
THE FINAL VOTE IS LIVE. Which team will lead Adrena Protocol forward — @AutonomRWA or @GraphiteProto? Please cast your vote in 72 hours, it could shape Adrena’s future. 🔗
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Vote ends in 21 hours, let's vote for the future🫡
@officialmcafee @metaplex @SolanaANZ Decision time for @AdrenaProtocol ! After recent events, this vote will decide which team will be leading Adrena Protocol moving forward https://t.co/V3gubgZM3J
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THE FINAL VOTE IS LIVE. Which team will lead Adrena Protocol forward — @AutonomRWA or @GraphiteProto? Please cast your vote in 72 hours, it could shape Adrena’s future. 🔗
v2.realms.today
Check out this AdrenaDAO proposal on Realms.
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📣 IMPORTANT Market Update - @AdrenaProtocol on @KaminoFinance Due to rapidly thinning liquidity, the timeline for the Adrena market depreciation has moved up. The market’s soft deleveraging will begin next Wednesday Action Required: 1️⃣ Close all positions 2️⃣ Withdraw
📣 Market Update - @AdrenaProtocol market on @Kamino Lend Adrena recently announced it is entering maintenance mode. The core team will stop active development while maintaining the protocol and seeking new leadership. User funds are secure, the protocol is operating normally
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There are some rumblings within the @AdrenaProtocol DAO, with potential change of management with the community stepping up. All of this goes through AdrenaDAO on @realmsdaos, and $vxADX just increases the touch-points for Adrena DAO governance, so great timing really! 🔥
Introducing vxADX, the Liquid Governance Token for @AdrenaProtocol ADX vxADX is a vxToken: a liquid, auto-compounding governance token that represents staked ADX. It automatically compounds ADX and USDC rewards generated from staking to the Adrena DAO, thereby increasing in
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wait this is staked $ADX but liquid?🧠
Introducing vxADX, the Liquid Governance Token for @AdrenaProtocol ADX vxADX is a vxToken: a liquid, auto-compounding governance token that represents staked ADX. It automatically compounds ADX and USDC rewards generated from staking to the Adrena DAO, thereby increasing in
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I don’t think this particular post was communicated clearly enough. 🤔 There’s a lot of FUD in the market right now, so any message that isn’t fully understood can make people panic and pull out their assets. And that’s exactly what happened here. Right after Adrena announced
With heavy hearts but clear minds, we have decided to place Adrena Protocol into maintenance mode, effective immediately. This means no new features will be developed by the founding team and Foundation, but the protocol will remain live: pools, vesting, staking, and the data
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An update on @AdrenaProtocol ⚡️ The core team has not voted on the @AutonomRWA proposal to allow time for additional community initiatives to come forward @TheVaultFinance led by @gaius1337 has expressed interest and will be submitting a formal proposal 💡If you have ideas
The latest on @AdrenaProtocol The community is voting on @AutonomRWA taking over protocol stewardship. Encouraging to see: credible team, RWA focus, strong community support. Adrena is a valuable product which they have been building on. Hope the community proceeds with
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community owned
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minting $ALP at 0 fees, even juicier with @Titan_Exchange.
Titan Argos has integrated @AdrenaProtocol ALP as a liquidity source. As the first router to integrate, Titan routes can now directly mint and redeem via the $ALP pool, improving liquidity and pricing for our users and strengthening our mission to connect all of @Solana.
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After discussing a bit internally, we think the best thing to do is give this at least a week for other groups to put forth their ideas and proposals. So we will probably abstain from voting on the current DAO proposal for now. (see here: https://t.co/SCARrlGAqK) While right
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In the end, we want to make sure all Adrena users, $ADX holders, and $ALP holders are excited about any new direction... So stay tuned! 🫡
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There are other options and plenty other opportunities that we are considering. Be sure to jump in the discord to follow along any ongoing discussions and we'll be sure to keep you all updated with any new developments.
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We believe they are perfectly positioned to take over future growth and can immediately begin to release new features - some of which we have already developed and are ready to go. However, this is a community discussion and will be put to a DAO vote regardless.
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One group @AutonomRWA has put out a proposal to take over development immediately. You can follow the discussion here: https://t.co/Cox21MWLFv Autonom is someone who we already have deep integrations with and knows our platform ins and outs.
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We are now working with other teams, groups, funds, etc who have expressed interest in taking over the future development of new features and driving growth to make Adrena realize its full potential.
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It became apparent to us that we were not clear with our original message as many of you thought we were shutting down. As mentioned in the post, the founding team no longer has capital to build new features, but nothing is shutting down.
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