Mithras Labs

Dear Trevee Community, We've secured the necessary resources to restore splUSD to perfect health on Plasma. Operations will resume, including unstaking, at the original 1:1.004 ratio, delivering 100% recovery of your assets, with no losses for Trevee Plasma users. Here’s how we protected your funds and restored the peg: 1⃣ Partnered with Telos to immediately lock down the splUSD/USDT0 Euler lending market, blocking any withdrawals, manipulation, or liquidations of Stream positions; 2⃣ Segregated and secured Stream’s splUSD collateral (plUSD/USDT0) within the protocol; 3⃣ Enforced a full clawback of Stream’s outstanding debt to Trevee, covering the xUSD/plUSD market shortfall. splUSD Unstaking should reopen this Saturday morning CET at latest. All funds already in the redemption contract should be processed today. Everything deposited today should start being released starting Monday (following the standard 2-business-day process of Midas Infrastructure). ❗️ Regarding stkscETH and stkscUSD: we are still actively exploring solutions and will keep you updated on progress. ‼️ To be precise, unlike in a hack, losses haven't been realised yet, as there are strong hints that Stream will offer at minimum partial recovery. Considering the scale of the fraud, this could take a few months however, and we are trying our best to shield Trevee user from the harm created by their misconduct. We’re grateful for your patience and are excited to keep building the future of yield on Plasma, now with even better safeguards in place.

Staked $plUSD (splUSD) is now tracked on @DeBankDeFi and @Rabby_io! 👀 $USDT backing splUSD are currently Yielding at +9% APR on @0xFluid and holders also receive +15% APR as $XPL rewards ! Mint & Stake now on 🔗 plasma.earn.trevee.xyz

A fresh partnership between Trevee and @WildcatFi is here! Through this collab, $plUSD stakers will soon earn Wildcat $XPL incentives. Once Wildcat markets go live on @Plasma (in about a month), Trevee will flow $USDT in for those juicy, high-yield opportunities. Get ready for seriously bullish rewards! More details dropping soon... Stay tuned!

The Trevee Earn @Plasma Pre-deposit Vault is now open! Pre-deposit now on: plasma.earn.trevee.xyz ℹ️ During the Pre-deposit phase, you won't be able to unstake via the UI until the function is enabled, but you can start earning yield and $XPL incentives right away.

It has been reported that a (fake) $TREVEE token has been deployed on Plasma REMINDER The $TREVEE token has not yet been deployed (on any chain) The current ticker is $PAL and is only available on Ethereum, Base and Sonic, soon on Plasma.

Big Moves on the Governance Forum! The future of $TREVEE is looking insanely bright, and you DON’T want to miss what’s cooking! Here’s the scoop on the hot proposals up for discussion 🧵 👇

The wstkscUSD pool on @pendle_fi offers nice yields! 👀 🔶 Base APY: 20.54%, max boosted: 35.63%, 🔸 Underlying yield: 7.78%, 🔸 PT adds 2.28% fixed APY (matures 18 Dec 2025). 🔸 LP rewards: 10.53% APY (max 25.69%) 🔸 And @SonicLabs + @Trevee_xyz + @veda_labs Points!

Want to maximize your yield with Trevee's Assets? Dive into @pendle_fi's staked $scUSD & $scETH pools! $1.79M & $1.40M liquidity, with APYs up to 24.46%!

Shoutout to everyone who believed at launch. 🤝 @SonicLabs Season 1 is wrapping up, and it's been juicy (we just crunched the final numbers on Trevee Gems). 👀 Funny twist? Despite Season 2 shaping up to be just as incentivized, we’ve seen some heavy outflows. The result? 👇

The Trevee team (@Mithras_Labs) will be in Cannes for the 8th edition of @EthCC! If you'd like to meet and chat with us, don't hesitate to DM us!

Starting today, all Paladin products, including Rings and more, are officially rebranding to @Trevee_xyz, following the community-approved governance proposal PIP-29! 🧵 👇