🚀 launches on
@IntractCampaign
! 🚀
Complete quests on Intract, engage with our content on X, invest in any of the vaults on the platform and get an allocation from 3k USDC price pool 🏆
Join the quest 👉🏻
🚀 Our lyETH vault just got an upgrade!
Introducing the
@AcrossProtocol
ETH strategy, boosting stability and performance. Get ready for an incredible 7% APY yield.
Here's what you need to know:
is now officially listed on
@DeBankDeFi
🎉
Join us on DeBank to get access to:
- Exclusive content
- Exciting campaigns and giveaways
- Debank-only project updates
...and more!
Follow us!
1/ 🌟 Team Blog Launch & Power User Program Intro
We've rolled out our Locus team blog on Discord - a space for deep dives into and the broader
#DeFi
market. Today, we're discussing our next step: the Power User Program.
Enroll:
🔄 Update on Locus Vaults:
Successfully restarted with enhanced security. All funds have been securely relocated back into the vaults. Deposits and withdrawals are now live. We've compensated any losses from the hack via the Locus Treasury.
🆕 Vault users, check your wallets…
On 30th of December 2023 Locus vaults got exploited for $320,964 due to the lost access to the developer’s private key.
Locus team initiated the legal and onchain reporting process, while offering hacker a bounty to return funds until 8th of January through etherscan messages.
🚀 Ultimate Quiz🚀
✅ Take the quiz:
✅ Share your results & tag
@Locus_finance
!
🎉 5 winners $30 - a total of $150 up for grabs! 🎉
🗓️ C 10.08.2023 to 17.08.2023.
Dive in, spread the word, and grab your chance to WIN BIG! 🌐🔥
Team blog
#3
. State of Locus and upcoming releases
Product positioning and future of indexes
Locus is the protocol that launches and maintains yield bearing indexes, providing diversified portfolio of DeFi yield strategies within a thesis of index. The transition from…
Demystifying
#DeFi
myths with 🚀:
🔹 Myth: DeFi is too complex. Reality: We make DeFi accessible, offering user-friendly tools and doing the hard-lifting for you. This is why we created Locus Vaults with hand-picked strategies and mitigated risks.
🔹…
Weekly update on what the team have been working on in relationship to the hack and in general:
Today the team is finalising the deal with Crystal Blockchain to conduct an onchain report that will be used in the police investigation.
We're navigating the DeFi season with strategic shifts and introducing L1/L2 yield indexes. Here's what's on the horizon through March:
🚀 Market Dynamics: The rise of new L1/L2s intensifies liquidity competition, setting the stage for a high-yield DeFi season.
🧩 Locus…
Back with this week's Vaults update:
Locus Yield ETH
Price: 1.0041
Weekly performance: +0.093% (4.8% APY)
Updates: strategy undergoing testing. Assuming no critical issues, it’s on track to be launched in the next two weeks.
DeFi Core Index
Price:…
🕒 Today's the Day: AMA with Iakov on Q1!
Just a quick reminder that our AMA session with Iakov is happening today.
🗓 Date: Today, 04.04.2024
⏰ Time: 17:00 UTC
📍 Location:
Last Call for Questions:
Got a burning question? It's not too late! Post it…
Team Blog
#2
: Vault Developments and Expanding Locus Ecosystem
Key takeaways:
🔍 Strategic Focus on xETH and xUSD Vaults:
- Identification of xETH and xUSD vaults as key areas for growth in TVL and active user base.
- Transition for xETH from traditional DEX LP strategies to…
🚀 Introducing the Locus Yield USD (lyUSD) Vault!
starts a new era in Defi passive income. In our goal to demystify DeFi and bring forth practical solutions, we at Locus Finance are excited to announce the launch of our Omnichain Vault, lyUSD.
Dive into the
#OmnichainVaultQuiz
with Locus Finance! 🚀 Test your knowledge on our Omnichain Vault from 13th-27th Dec '23 and get a chance to win from a $500 prize pool in $LOCUS! 🎉
👉 Take the quiz, post your results, tag
@locus_finance
& win!
We've integrated the
@SpaceIDProtocol
Web3 Name SDK to elevate your experience!
Now enjoy the support of your
@SID_bnb
.bnb,
@SID_arb
.arb, & .eth names in our ecosystem.
Use them across the entire platform today:
Revolutionizing the game with Locus Omnichain Vault.
We've combined the strengths of multiple blockchains, namely
@optimismFND
,
@arbitrum
and
@BuildOnBase
Inside the vault, an unstoppable portfolio awaits. Let's dive in! 👇
At this state hacker did not reply to the email, nor returned the funds.
Today, 8th of January, we started the work with a legal firm, which focuses on crypto hacks and has a long history of success in such cases.
Hello, Locus community! 👋 Today, we're going to talk about a crucial aspect of investing in DeFi: Due Diligence. It's about making informed decisions and mitigating risks. (1/6)
Onboarding Series Launch 🚀
Hello Locus Community,
We launch our onboarding series on Medium, starting with an article about our mission and vision. It's the first step in helping you understand what we're all about and where we're going.
Check out the…
2/ Our focus
Last year was about tech development at Locus - vaults, omnichain tech, and more. This year, our focus shifts towards
#community
building, delivering
#yield
indices tailored for you, and setting the stage for
#DAO
governance.
Our goal is to consistently provide you with the best possible returns while maintaining the highest standards of security and efficiency.
Check out Locus lyETH vault:
The next phase would be the connection between the amount of Locus staked and the amount of Locus rewards received for vaults staking. This way we incentivise the existing Midas audience to use the vaults and boost TVL, while attracting new users into purchasing Locus tokens.
The future is omnichain! x
@LayerZero_Labs
The upcoming Omnichain vault will be built on top of LayerZero, consisting of multiple stablecoin yield-bearing strategies.
🎄 Merry Christmas from Locus Finance! 🌟
In this festive season, we reflect on a year of growth and learning in the DeFi space. Your support has been invaluable in our journey.
Wishing you a joyful holiday and a new year filled with innovation and collaboration. 🚀
Tracking your $LOCUS investments just became easier. We're now listed on 🦎
@coingecko
, a step towards more transparency and ease of access in the crypto world.
Dive into detailed metrics and make informed decisions with confidence.
We are coming down to the end of the year. It was filled with a lot of hard work to deliver everything that we planned for Locus initially. I want to thank everyone who supported us, shared feedback, helped me to construct the proposal for tokenomics.
✨ Staking for xARB is now live: earn additional APR with stLocus✨
What's this?
We've launched a staking feature for our the Locus Arbitrum USD [xARB] vault. This allows you to accumulate additional rewards beyond the base yield of xARB.
Staking rewards are distributed through…
Incentives for Locus-ETH Liquidity Providers on
@GammaStrategies
!
New incentive program for liquidity providers in our LOCUS-ETH pool on
@CamelotDEX
through Gamma. Starting now, we're allocating 10,000 in LOCUS tokens monthly to reward those who contribute liquidity.
Supply…
Just dropped Part 1 of AMA recap with Locus co-founder
@iakovlocus
! 📢
✅Challenges in DeFi for retail investors
✅The potential of Omnichain Vaults
✅Importance of insurance in DeFi
Read it here: AMA Session Recap
Stay tuned for Part 2 next week!🚀
3/ The goal
The goal of Locus DAO is create and manage yield indices that give exposure to diversified DeFi yield opportunities in a simple form. Everyone here has a long history with all kind of passive income in crypto, so everyone here is the potential user of our products
🚀 Locus Token Presale: Live NOW!
Hey Locus Community,
The moment we’ve been working towards is here – the Locus Token Presale has officially launched!
🔍 Presale Snapshot:
Starts: Right now!
Ends: Nov 30, 13:00 UTC
Token Offering: 125,000 Locus Tokens
Kick-off Price:…
Hello, Locus community! 👋 Today, we're talking about an important topic in the world of DeFi: Risk Management. At , we've put in place a robust risk management system to help protect our users and their investments. (1/6)
When bridging from various L2s to the ETH/DeFi vault, costs can escalate due to the necessary bridge and swaps. However, a more cost-effective approach is to deposit directly from ETH or USDC, which typically incurs a fee of just a few dollars.
On marketing perspective we are testing new channels and working with protocols and KOLs to deliver the awareness marketing campaign for Locus, once we finish with vault's Locus APR.
We have almost delivered everything we planned for this year and committed to deliver even more
Discord Call with Iakov: Q1 Wrap-Up & Future Plans
Join us for a Discord call with Iakov, where we'll look into the Q1 results&achievements and unveil what's next for .
🗓 Date: 04.04.2024 17PM UTC
What to Expect:
— In-depth Q1 performance review
—…
We sent the messages to all addresses connected to hacker through etherscan to continue pressuring his onchain identity and notifying about the steps that are done to get funds back
Team Blog
#5
Update: The results on Locus token and what to expect next.
Here's a snapshot of what's been happening and what to expect:
— Launch of Incentivization Campaigns: We've initiated the xUSD index campaign, with xARB soon to follow, marking the first step towards…
This week they will submit a report in police to initiate a criminal fraud process. Additionally, we started our work with Crystal blockchain platform, that will conduct a criminal onchain report about hacker’s identity.
The vaults will go back online next week. The team aims to launch it by the end of Tuesday. The dev team is waiting for gas price to go down, and will ship at the best time.
There will be the new naming for vaults to make it easier for users to understand the strategy.
🔥 The $LOCUS Token Claim & Staking is now active!
✨ Claim Your LOCUS Tokens:
If you held Midas tokens at the snapshot on Nov 22, you're eligible to claim LOCUS tokens on a 1:1 basis. Here's how:
1. Add Arbitrum Network to your wallet. ()
2. Add LOCUS…
Today the team starts the process of relaunching vaults with the new established security processes. The first two vaults will be open this week, and others will be live next week.
Our team is also working on the roadmap for the next year, which will be focused on making Locus more decentralised with a governance module on-top of strategies, additional insurance and security measures, new vaults and deeper liquidity.
The hacker has a human-like network of addresses,which include CEXes,CeFi and NFT activity that goes back years.That gives legal team high probability to establish the real identity of the hacker and receive funds back through variety of methods.We will update on the each stage
By providing WETH liquidity for cross-chain swaps, this strategy earns protocol fees and $ACX rewards. With an expected total APY of around 12%, it stands out as a high-yield, risk-adjusted opportunity.
Introducing PNL+ on
We're rolling out PNL+ to simplify tracking your investment's performance. Here's what you need to know:
— PNL (Profit and Loss) gives you a clear picture of your investment gains and market movements.
— Choose Your Timeframe: Tailor…
Hello, Locus community! 👋 Today, let's talk about 's place in the larger DeFi ecosystem and how we envision our impact on the future of decentralized finance. (1/5)
🚀 Ultimate Quiz🚀
✅ Take the quiz:
✅ Share your results & tag
@Locus_finance
!
🎉 5 winners $30 - a total of $150 up for grabs! 🎉
🗓️ C 10.08.2023 to 17.08.2023.
Dive in, spread the word, and grab your chance to WIN BIG! 🌐🔥
After vaults relaunch, big milestones ahead are (i) launching Locus rewards for vaults (coming in early February), (ii) connecting the amount of Locus staked with the amount of rewards for vaults.This will give the highest APR for vaults and will help attract 1st few MILs of TVL
Hello, Locus community! 👋🏻 Today, we're taking a closer look at what sets apart in the bustling world of DeFi and how it compares to traditional CeFi platforms. (1/7)
The integration of the Across ETH strategy is a strategic move to diversify and strengthen our lyETH vault. This is part of our ongoing effort to offer robust and lucrative DeFi solutions
lyUSD is just the beginning. We're already looking ahead, exploring how we can further disrupt DeFi and bring more innovative solutions to the table. The future we're building is one where DeFi becomes go-to instrument for retail investors seeking passive income.
Locus DAO
#governance
and the future of the Locus token 🧵
Governance is an essential part of the
#DAO
allowing project token holders to make decisions on crucial aspects of the project's development.
The team is working on the long-term vision of integration of vaults to different protocols (liquidity pools, lending protocols, wallets, etc.), developing and updating vaults to the new narratives and building the investment DAO by the end of the year.
We have also released omnichain USD vault with a competitive 10%+ APR. First of its kind. It is a technology that allows to construct investment products from every DeFi chain. We are the only protocol with this feature, and only we have a vision on how to make it work.
7/ Beyond shaping the future of , Power Users gain access to an exclusive Discord channel for insider discussions and early feedback on upcoming features.
LOCUS LBP Community Pre Sale Starts Nov 27th, 13:00 UTC!
Locus team is announcing our first $LOCUS Token Community LBP Pre Sale on
@FjordFoundry
🗓 From Nov 27, 13:00 UTC to Nov 30, 13:00 UTC
🔄 Why an LBP? An LBP provides a fair, bot-resistant environment, ensuring real…
Next is USD+, a stablecoin by
@overnight_fi
backed by market-neutral strategies on Optimism We allocate 24% to the USD+ strategy, bridging USDC from Arbitrum to Optimism, swapping for USD+, and depositing the USD+/USDC LP on
@VelodromeFi
.
4/ What is it?
Interested in having a direct impact on products you'll potentially use? Join us as a Power User! Share feedback, engage in strategy, and help us refine
#tokenomics
and positioning. It's about building with you, for you.
This few months were the most important, we had to build technological and tokenomics fundament of the new type of asset management protocol. Three days ago we delivered the update to unstaking mechanism according to the initial litepaper.
🔊 TODAY at 5 PM UTC: Join our AMA Session with Iakov, CEO of & Co-Founder of !
We're diving into:
"Why Trust Locus After Midas?"
"How Will Locus Succeed in DeFi?"
Keep in mind that in order to unstake Locus tokens you need to click withdraw and pick the time period. So, it is an action you need to make beforehand. That is specifically designed to smooth out the volatility for all ex-Midas holders.
Hello, Locus community! 👋 Today, we're discussing a crucial aspect of interacting with DeFi platforms like : Wallets. More importantly, we'll discuss how to avoid common mistakes when using these wallets. (1/7)
In the meantime, the team is working on marketing and business development conducting "a go to market" strategy. We have established a lot of connections with protocols and ecosystems, and waiting for start of rewards on vaults to start marketing events.
🚀 Weekly Locus Vaults Update!
🔹 Locus Yield ETH: Minor decrease, holding steady at 5% APY. rETH's de-pegging? Just part of the process.
🔹 DeFi Core Index: Down 1%, but watch FXS fly! Divergence in CVX/AURA strategies, but we're on it.
🔹 Arbitrum Yield Index: Up 8%! JOE's…
Looking ahead, we see playing a significant role in the evolution of DeFi. As the sector continues to grow, we aim to be at the forefront, offering innovative solutions and strategies that meet the changing needs of our users. (4/5)
Hello, Locus community! 👋 Today, we're pulling back the curtain on , a platform designed to make decentralized asset management more accessible and less complicated. (1/6)
Meanwhile, we are working on the launching Locus reward campaigns for the vaults. We hope to finish by the end of the year, which will make our vaults really competitive for DeFi space and CeFi audience.
We believe that the future of finance is decentralized, and we want to be a part of this journey. Stay tuned 🚀 Don't forget to follow us on Twitter for the latest updates and discussions! (5/5)
Locus Power User Program 🚀
A quick reminder for our community: The Power User Program is an open invitation for you to help shape what we do at Locus. As we move towards becoming a DAO, your insights and contributions are more valuable than ever.
What’s a Power User?
Power…
5/ How to join?
✅ Claim your ownership of any of Locus Vaults in Locus Discord.
✅ Get access to secret power user chat in our server
It's a chance to discuss your DeFi experiences, challenges, and expectations.
📣 Just unveiled our
#LocusFinance
roadmap! 🗺️
Targeting $75M in TVL by 2024 🎯
Introducing game-changing Omnichain vaults 🛠️
Making secure investments a priority 🛡️
Dive in:
Share your thoughts with us! 🗨️
We offer transparent transaction tracking, giving you a clear, unobstructed view of your financial journey. But remember, while simplifies the DeFi experience, it's not free from risks - losses, price fluctuations, Impermanent Loss. DYOR (6/7)
🔔 The $LOCUS Token Pre-Sale has officially concluded!
Thank you to every participant who has joined us on this step.
Stay tuned for news about claim and omnichain USD vault.
👋 New to
#DeFi
and curious about yield farming? Our latest Medium article is a one-stop guide to get you started. From simple strategies to managing risks, we've got you covered. Ready to dive in? 🌊
User funds and cross-chain transfers within Across are safeguarded by UMA’s optimistic oracles. This level of security is crucial in maintaining trust and efficiency in our operations.