🫡 Richard personally writes the guide, respect
It looks like the timing of Q2 TGE hasn't changed
May is here, let's 🤣 get some more quotas
Yesterday I missed the Huma April Bird's Nest Summit (Community call) and took a look. Thread summarizes important updates, Q&A:
1/ Huma Events in April:
🆕 Huma 2.0 was launched, and the pool was full in 10 days
📈 The number of LPs reached 33,000, an increase of 6 times
🚀 The total turnover exceeded $4 billion
2/ What determines the rapid growth of Huma 2.0?
🪩 Community enthusiasm for double-digit gains from the real world
🪶 Previously, only institutions could participate in such opportunities, but now retail investors can also participate. In addition, Maxi brings a lot of community enthusiasm and a lot of spontaneous content output on X
3/ Can you buy $PST on Jupiter for $mPST?
OK. The procedure is as follows:
1. Buy $PST on @JupiterExchange
2. Swap to $mPST in the Huma DApp without any fees or restrictions
3. If you want to get more 🪶, you can choose to lock it for 3 months or 6 months
4/ Why can't you trade $mPST like $PST? $PST-Why doesn't the USDC pool have much depth?
If you need to trade $mPST, you can go to the Huma DApp at any time to exchange $mPST for $PST, and then trade on the DEX. Huma officially only supports $PST-USDC at the moment, and some community members have already established a $mPST-USDC pool.
We will soon launch the Kamino Liquidity Vault, which will provide incentives for more people to provide liquidity to the $PST-USDC pool.
5/ How does Huma manage security and protect user assets?
💻 Minimize administrator privileges. This is the source of a lot of protocol problems. Our smart contract minimizes administrator privileges and prevents them from moving user funds at will, which ensures the safety of user funds in the worst-case scenario.
🧑 💻 Operational-level security: Penetration testing, endpoint protection & social engineering defenses
📜 All protocols have been audited by a leading audit firm, @HalbornSecurity (Solana) & @spearbit (EVM). At the same time, there are also bug bounty
Another thing that we don't rely on but that is beneficial to us: the vast majority of the money in the Huma protocol is used and not in the pool, reducing the probability 🔐 of being attacked
6/ Wen TGE?
Our plans remain unchanged, our target remains Q2, and of course it will depend on the macro market environment.
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