[ANN] MALT PROTOCOL - new generation of algorithmic stablecoins. - page 2.

the rise

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Two days after Testnet's Attack on Peg-
Malt's defenses worked like a charm. Even after the community and devs threw 25m+ Malt at it, peg recovered and growth continues.
That, and check those rewards- whoa!

Malt v2 is ready to rock Polygon- and then, all of DeFi.

Get Ready!

Like & retweets :
https://twitter.com/MaltProtocol/status/1517257541884911616

the rise

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Thank you to all who participated in our final Attack on Peg event! Even with everyone selling all available Malt, our devs had to mint an extra 25m Testnet Malt to finally break peg. What a show!
Also, special thanks to 0xPantani for recording the event!

Like & retweets : https://twitter.com/MaltProtocol/status/1516520533415776256

the rise

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@everyone

Tomorrow at 5pm UTC we will be doing another attack on peg event. I will be on voice chat and we can discuss how the under peg mechanism works and explore the txs to gain an understanding of how Malt works to maintain its peg.

If you just want to come and sell all your Malt to see if we can manage to depeg Malt this will be your opportunity.

Hope to see many of you there

LFG Malt Fam!

Join telegram : https://t.me/maltprotocol
Join Discord : https://discord.gg/wy6XV5sW

the rise

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helo everyone

The final testnet is live!

https://matictestnet.stablemalt.finance/testnetamm

Grab all your testnet DAI and start buying/selling/bonding/unbonding until your heart is content.

Once we have verified all the current code is working on the testnet we will set a firm date for launch!

LFG Malt Fam

the rise

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Quote from: eXtremal on March 28, 2022, 03:21:24 PM

malt V2 is very long to launch, even until now there is no definite specific date

hi eXtremal thanks for watching us here , we really care about the launch , as we said before , at launch we don't want the same problems as before , and we are getting closer to the launch stay tuned for information from Malt Protocol

eXtremal

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malt V2 is very long to launch, even until now there is no definite specific date

the rise

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update news

Last week was my first full week back after being ill and I spent the time going through some data from the testnet to see if there had been any bugs / issues while I was away.

I ended up finding an edgecase that resulted in vested rewards moving back to being unvested for a short period of time (weird one I know). Ultimately, the rewards still ended up vesting fully to the user but it did mean that it looked like rewards disappeared for a short period of time. This is completely undesirable and i've spent almost all my time since finding that trying to rework the way vesting is handled to remove that issue.

I finally made a breakthrough today and have a new system that works exactly like the old one but without the weird edge case. We now need to implement that new system in the contracts (should be done by EOD tomorrow) then we can deploy that to the testnet and make sure its all working as expected.

Once we have that verified as working we will at last be in a position to set a hard launch date!!

So stay tuned for an announcement about when we are launching!

Much love,
The Malt Team

Join malt procotol comunity :

Telegram
Discord

the rise

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@everyone a quick update on what's been happening.

I took a week off to go away with my gf for the first time since the start of covid. A break from the world and work for a while to recharge before we attempt to take over defi with Malt V2. At the end of that trip I managed to catch a horrible flu and I have been in bed barely able to move for the past week. Fortunately, I am recovering now and should be back to full performance in the next few days.

On the Malt side of things, the rest of the team has held the fort down incredibly well. Testnet exceeded our expectations. We are just dotting the i's and crossing the t's at this point getting ready for launch.

Once I am back at my desk at full capacity next week I will make another announcement with more info about when launch will be.

We are incredibly grateful to everyone who has stuck it out with us this long. We understand the journey to V2 hasn't been as fast or smooth as many (including us) had hoped for. However, we are confident that it will have been worth the wait when we drop V2!

Lots of love,
0xScotch

the rise

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Testnet is still ongoing:

1) Get some Matic from the Polygon Mumbai Faucet on https://faucet.polygon.technology/
2) Go to https://matictestnet.stablemalt.finance/
3) Add the Polygon Testnet RPC, you can find it on https://chainlist.org/
4) Claim some Dai in "TESTNET AMM" tab.
5) Trade some Dai to Malt.
6) Pool both assets to get LP in "Pool"
7) Bond your LP in "Staking"
Enjoy!. pepe_toast

the rise

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Hey Malt Fam! We wanted to share a quick update on the Malt Testnet since moments ago, we crossed over the 24-hour mark. Here's where we stand!

Malt Price: $1.009
TVL: $47,505,344
APR: 25,825% (Whoa!)
Implied Collateral: 95.37%

Those are definitely some very healthy numbers!
Taking a closer look at that 95.37% Implied Collateral, we now have over $12.2 Million in the Swing Trader, $3.2 Million in the Auction Pool, and $6.1 Million in the Reward Overflow. Combined, that means Malt's primary peg defenses have been charged up with over $21.5 Million!

Along with this, we've found some spots where we can make some improvements, worked through some testnet-specific speedbumps, and received an absolute treasure trove of feedback and suggestions from our community, which the team is excitedly digging into.

Thank you all so much for helping stress-test Malt!

https://discord.com/channels/802896744492433428/802928445867687936/945769535712149524

the rise

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All, here's the latest from Malt's Testnet!
We're officially 24 hours in, and we've seen some incredible participation. These stats speak for themselves!
Grab yourself a cold drink after this hard work- you earned it, and Malt's just getting started!

#polygoncommunity #MaltFam https://t.co/9duFeqSVpe

the rise

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Happy Sunday, Malters!
Testnet with the revised UX is coming THIS WEEK!

Also, we're running a Valentine's Day meme competition, until February 15th, 08:00 UTC!

Quote this tweet with your best Valentines Meme, and we'll pick the best 5 for stackable $1000 whitelist allocations!

official news

the rise

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Oh? What could this be?!
That's right Malt Fam- get ready, because soon we'll all be ready to REINVEST!
We'll be announcing the soft dates for our Testnet and Attack on Peg events by the end of this week- and from there, we'll be planning our Mainnet Launch MALTibration!

Official news

the rise

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Whoops, it looks like one of our designers may have had a little too much Malt, or was trying to take us Back to the Future!

Don't worry, time machines will not be required to join us for the Open Bar Event Hope we see you there on the 5th!

Discord.gg/Malt

the rise

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For those who were not part of v1 or missed the registration deadline, we're not leaving you out there MALT-less!

Retweet this post with your favorite beverage (Malt or not!) and we'll be randomly selecting from the retweets for Malt v2 Whitelist Allocations!

https://twitter.com/MaltProtocol/status/1488232686162309122

the rise

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ATTENTION Malt V1 Users.

If you haven't already registered for the V2 whitelist head over to https://register.malt.money/

Deadline is Monday 31st January 08:00 UTC

https://twitter.com/MaltProtocol/status/1486742734832652296

vanesha

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We may need stable coins with better algorithms. I think malt V2 here is here to provide a solution from the previous stable coin. I hope the Malt network will be widely used as a stable coin that can overcome previous problems. I'm sure the Malt V2 is the next generation!

diminizio

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It's so cool. Now Malt V2 has entered the testnet. But what about v1 in the future? Will it continue or will it be abandoned due to the focus of malt v2?

the rise

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🧑🏻‍💻Here’s our official channels where you can get our latest news 🤓

✨Telegram: https://t.me/maltprotocol
✨Twitter: https://twitter.com/MaltProtocol
✨Medium: https://medium.com/malt-protocol/
✨Discord: https://discord.gg/XD5h3BrJ

[/b]

the rise

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Quote from: TimeTeller on January 02, 2022, 04:24:52 PM

Quote from: the rise on January 02, 2022, 01:47:03 PM

⚠️ ATTENTION V1 USERS

If you were part of V1 and are interested in participating in the V2 whitelist please go here and register your interest:

https://t.co/DxmtQrbVNZ

We are doing this so we have a better idea how much interest there is so we can better size allocations.

Most algo based stablecoins that were introduced in this forum haven't achieved success.
Do you think your path will be different from them this time around?
How are you going to ensure that your platform will at least achieve a different outcome?
Based from your list of V1, are there many users who signed up at that stage?

yes of course, you can join and discuss in the Malt Protocol telegram community
we will be heading to V2 soon a lot of people can't wait for our launch

thank you for your support

Topic: [ANN] MALT PROTOCOL - new generation of algorithmic stablecoins. - page 2. (Read 707 times)