WARP by USTX Team - An easy to use DeFi app to maximize USDD yield

TRON Hackathon Hackathon Season 2
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USTX best projects in the last years

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Tomorrow morning the first epoch of Warp APR will be published and it will be very nice. Stay tuned and join the easy DeFi!

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WARP is the real deal, the best USDD staking rewards are here: 35.5%

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Seems like a great project. Loved it. Wish you all the best.

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Warp pill #4: what are anti-whale limitations?

How do you feel when you enter a farm with good APY and after a while a whale comes in and crushes the APY? Not good!
We wanted WARP to be a tool for users, to improve and simplify the yield opportunities. That’s why we put limits on how much a single account can hold. At the time of writing the limit is 5k$ per user, but it will be raised to at least 10,000 USDD.

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Love WARP. Probably the most innovative Defi we have on Tron right now!

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Bur ser I want to invest mooooor :slight_smile:

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We increased the user deposit limit to 5,000 USDD, soon the limit will be raised to 10,000 USDD.

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Warp pill #5: Where does my money go? How can I check?

This is a very good question that might arise. After the user deposits the USDD in Warp, where do they go? The Warp algorithm is fairly complex, but it allow for very easy on-chain verification of where the funds are. Tronscan comes in help, just browse to this link: Warp asset overview.

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As you can see currently there are almost 10k in deposit, of which about 60% are farming on Sun.io
When the user deposits USDD in Warp, the funds go straight to JustLend.

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Nice read, will be watching out for u guys. Keep it up :+1:

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Come and check this out @Atokwasi

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Wow.Very helpful for us all

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Warp pill #6: What are the risks in using Warp?

As always, we want informed users, so here’s the main risks associated with Warp:

  • smart contract risk: we carefully designed and tested the contracts on Nile and mainnet, but human error can never be excluded 100%;
  • capital risk: in case of TRX price variations, the value of the underlying assets (deposits, borrows and LP value) can go below 100%. The team will make sure that over time an adequate reserve will be created to handle these events and make sure the user capital is always 100% covered. This parameter is clearly shown on WARP app and is currently at 100.2%;
  • liquidation risk: TRX is borrowed from JustLend against USDD deposits. The strategy is balanced so that if TRX price increases up to 85% there is no liquidation risk. The team will continously monitor the margin and act to re-balance the strategy in case of significant variation from nominal;
  • USDD price risk: the contract works with USDD, so all values are relative to USDD. If USDD price is deviates from nominal (1$), the same will happen to the deposit value. This risk is NOT strictly related to Warp, but is present every time the user holds USDD (or any other token).
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Another WARP epoch has been completed: APR on USDD staking is over 36%!

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36,5 Vs 24,3 incredible :bomb:

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Wow. Love WARP. Probably the most innovative DeFi project we have on BC Tron right NOW!!

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Future of Defi! Would love to earn high yields with my TRX

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re warp pill #4 can we do pls check if anti-whale limit must be re-calibrated? :stuck_out_tongue_winking_eye:

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We’ll increase the limit every week up to 25,000 USDD. Than we stop and monitor the situation for a while.

@ant What do you think it’s a good limit for single account deposit?

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25k sounds great thank you. What is the total TVL limit ie at what size would it start impacting APY?