🧵 In this week’s Portco Highlight, we look at 6 main events that have happened so far: šŸ“ˆ @TheoriqAI is seeing explosive demand for its community sale šŸ¦ @KaminoFinance just unlocked onchain borrowing against real-world stocks with xStocks šŸŒ‰ @union_build introduces Auro BTC — a next-gen Bitcoin LST built for trust-minimized, crosschain DeFi šŸ’µ @Sagaxyz__ unveils Colt, a fully-backed, yield-generating DeFi stablecoin protocol šŸ’° @ether_fi Cash total spend volume now nearing $20m in just 8 months since launch šŸ†• New and improved @zapper_fi to launch soon Here’s the rundown of each event šŸ‘‡
1/ @TheoriqAI is seeing explosive demand for its community sale šŸ“ˆ • >4x oversubscribed since launch • Pledging remains open until Tues, July 29 at 8AM ET • Priority access for early pledgers; upsizing options in the works • Working with @KaitoAI to support larger allocations Massive interest—round expansion now under consideration. šŸ”— Read more:
We are overwhelmed by the interest in our community sale–we are 25% oversubscribed only 5 hours into the sale. The pledging phase will stay open until Tuesday morning (8:00AM ET July 29), and we will continue to accept new pledges from more participants, with priority to those who pledge early. We’re considering increasing the round size to accommodate the community’s interest, so you’re still able to pledge if you haven’t yet! For those who pledged under the original terms and wished to upsize—we hear you. We’re working with @KaitoAI on a solution to allow you to request more allocation. Stay tuned. Your enthusiasm is contagious.
2/ @KaminoFinance just unlocked onchain borrowing against real-world stocks with xStocks šŸ¦ • xStocks (SPYx, NVDAx, MSTRx & more) now usable as collateral on Kamino Lend • Powered by @chainlink’s tamper-resistant pricing oracles from US equity exchanges • Dividend-paying, custodian-backed assets from @BackedFi • 8 major xStocks onboarded — more to follow • Advanced protections: price bands, real-time status feeds & upcoming corporate action tracking A major step toward bridging TradFi assets with Solana DeFi. šŸ”— Read more:
1/ Introducing the @xStocksFi Market on Kamino Lend xStocks can now be deployed as collateral on Kamino, enabling users to borrow against SPYx, NVDAx, MSTRx, and more, directly on onchain—powered by @chainlink's bespoke xStocks oracle solution Welcome to a new era for DeFi🧵
3/ @union_build introduces Auro BTC — a next-gen Bitcoin LST built for trust-minimized, crosschain DeFi šŸŒ‰ • Unlocks BTC yield via ZK-verified custody and mint/burn logic • Instantly composable across Ethereum, Cosmos & more using Union interop • Designed to overcome the limitations of isolated BTC LSTs • Boosts Union’s native asset strategy and creates new revenue rails Bitcoin, scaled natively across chains. šŸ”— Read more:
Not your usual BTC LST. Introducing Auro BTC, the Union network’s native Bitcoin LST, which brings custody, composability, and crosschain liquidity into one trust-minimized design. This is how Bitcoin scales across DeFi šŸ§µā†“
4/ @Sagaxyz__ unveils Colt, a fully-backed, yield-generating DeFi stablecoin protocol šŸ’µ • 1:1 collateralized with interest-bearing stables • Engineered for capital velocity and DeFi-native growth • Protocol-native, growth-subsidized, and built to scale across Saga’s modular stack Colt launches this summer — the first stablecoin weaponized for velocity. šŸ”— Find out more:
Introducing Colt — Saga’s fully-backed, subsidy-powered DeFi stablecoin protocol. 🟢 1:1 backed with yield-bearing stables 🧠 Built for DeFi velocity The first native stablecoin protocol weaponized for growth. Launching this Summer. šŸ”—
5/ Others: 1. @ether_fi Cash total spend volume now nearing $20m in just 8 months since launch šŸ’° 2. New and improved @zapper_fi to launch soon šŸ†• šŸ”— See chart here:
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