Basilisk is an open lending & borrowing DeFi protocol built on zkSync. https://teapawt.net/t.co/U8nNgj5noS
zkSync Era Mainnet
Joined April 2023
- Tweets144
- Following38
- Followers14.3K
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Basilisk retweeted
Time to vote 🗳️
@LidoFinance
A vote to bring wstETH to @zksync is live ∎
If passed, Lido DAO will formally accept deployment of wstETH to zkSync Era, with the Lido DAO taking ultimate ownership of bridging components.
Vote here: snapshot.org/#/lido-snapshot…
📊 #zkSync TVL remains steady with exciting developments on horizon! 🚀
🌟 Top TVL Growth:
🥇 @ApolloX_Finance
🥈 @InterportFi
🥉 @Ruby_Dex
@xyfinance
@FulcromFinance
@parallaxfin
@BasiliskOrg
@DexillaDAO
@zerolendxyz
@PancakeSwap
Fueling zkSync's flourishing ecosystem! 📈
Gaming corners 62% of active wallets in ‘Uptober’ as DappRadar reveals wall of bullish metrics
Read More:
cryptoslate.com/gaming-corne…
Latest APR as of today please visit our website and join our Discord community!
Official Website:
app.basilisk.org
Discord Link:
discord.gg/yjg9FuQaDv
🎉 Congratulations to the winners of our Community Chat Contest event! 🏆 Kudos to top 5 winners
> Takonvictor01
> Santhosh
> aminghosh
> Kook Capital
> Kurama
Your active participation and engagement make our community vibrant. Keep up the fantastic conversations! 🌟
Discord Link:
discord.gg/yjg9FuQaDv
A Quick Guide to Earning Basilisk Emissions
Earning Basilisk Emissions:
To earn Basilisk emissions, ensure that 5% of your deposit value is locked in BLSK LP (BLP).
For instance, if you deposit $1000 in USDC, you need at least $50 in BLP.
Meeting this condition grants you the BLSK APR mentioned in the market; otherwise, you receive the Base APY.
Obtaining BLP:
- Navigate to your dashboard and locate the "Your BLP" section.
- Click on the "Lock" button. A modal will appear with the default option of zapping ETH into BLP.
- Zapping ETH into BLP involves inputting an ETH amount. The app converts 50% of this amount to BLSK, adding it as liquidity to SyncSwap, and locking your LP tokens.
- Alternatively, you can use the "Use Basilisk LP" button located above the amount input on the right side. This method requires existing BLSK/ETH liquidity tokens in your wallet, obtainable from here:
Link:
syncswap.xyz/pool/0xDb79DFbF…
Future Options:
We're planning to introduce more options, such as borrowing to acquire BLP and using BLP/WETH directly on our UI. However, the aforementioned methods are what we currently support.
Leveraging APR with Position Folding:
Enhance your APR by folding your position:
1. Deposit USDC.
2. Borrow USDC.
3. Deposit more USDC.
4. Repeat this process to maximize your earnings.
Feel free to explore these steps to make the most of your Basilisk Emissions opportunities.
Official Link:
app.basilisk.org/
Basilisk retweeted
The Pyth wstETH/USD price feed is now live
$wstETH or wrapped-staked $ETH is made possible by @LidoFinance
Pyth’s wstETH/USD feed unlocks over $5.0B worth of DeFi assets and is available across more than 35 blockchains
🎉 Exciting News: Community Chat Contest Alert! 🌟
Get ready for an engaging Community Chat Contest with awesome rewards!
Event Rules:
1️⃣ Users need to have a 5-day activity history during Community Chat Contest.
2️⃣ One-word messages and stickers will not be considered as valid entries in Community Chat Contest.
Rewards: 💸 $50 Prize Pool
Top 5 users grab $10 each!
Mark your calendars: 🗓️ October 16th to 22th October
Start chatting, win big, and let the contest begin! 🚀
Discord Link:
discord.gg/vgXa6RNt4F
Basilisk Link:
app.basilisk.org/
📢📢Attention Community Members‼️ 🌐
Exciting news! Our Community Chat Contest kicks off today at 19:00 GMT+8!
Get ready to participate, engage, and have chances to win good rewards. Don't miss out to participate in this event.
Discord Link:
discord.gg/yjg9FuQaDv
Just checked out the latest updates and the APRs are 🔥🚀! It's like earning interest on steroids! 💰💰💰
Official Website:
app.basilisk.org/
Discord Link:
discord.gg/yjg9FuQaDv
CONGRATULATIONS TO OUR WINNERS OF 5-DAY QUIZ EVENT
🌟 Quiz Event Leaderboard 🌟
Top 1: Tolgaozek: +6
Top 2: Santhosh: +4
Top3: Tiger Rock: +4
- Big Number: +3
- Herobrine: +2
- FikiMan: +2
- Deedart: +1
- Aminghosh: +1
- Sayfu: +1
- ParthSiyangX: +1
🏆 Hats off to our quiz conquerors! 🎉 Your intellect shines bright. Stay connected for more exciting opportunities in the future. Your support fuels our community's success! 👏
(For the winners of our event please kindly open up a ticket at Ticket channel thank you!)
📢 Note: All winners of the event must hold at least any amount of BLSK in order to claim the rewards.
Discord Link:
discord.gg/yjg9FuQaDv
What is a wrapped token?
Tokens are wrapped to make them usable on a different blockchain or in a particular environment to which they are not native.
Read More:
cointelegraph.com/explained/…