Love seeing this! 🦢 Happy to support @MonolithMarket and be part of this new DeFi experiment. Saw the announcement from Convex, checked my wallet and found myself on the SWAN airdrop snapshot list thanks to my vlCVX and veCRV positions. Nice surprise! So I decided to give it a try. Swapped $1,000 into swanUSD, deposited it to receive sSwanUSD, and staked that for additional SWAN rewards. 👀 Now I'm farming SWAN while working toward the seven-day holding requirement. Already watching the rewards accumulate. But honestly, the airdrop isn't even the most interesting part. I've been digging into Monolith, and I love the idea behind it. Imagine launching your own crypto-backed stablecoin, creating a DAO with its own governance token, treasury, voting system and revenue sharing. Basically, building your own little onchain financial system. Pretty wild! And there's some great history here. Monolith was developed with support from @InverseFinance, the ecosystem behind DOLA, sDOLA and the legendary INV airdrop in 2021, when some early participants saw six-figure allocations. Does that mean SWAN will deliver anything similar? Absolutely not. I'm going into this with zero expectations. I simply enjoy supporting builders, experimenting with new protocols and understanding the economics behind them. I already use DOLA and sDOLA in my stablecoin cash-flow strategies, so exploring Monolith feels like a natural next step. And I'm especially interested in the DAO-building side. I have a few ideas of my own that could eventually benefit from this kind of infrastructure. There's something exciting about watching tools that once required entire development teams become accessible to almost anyone. Of course, it's still early, and the capital is exposed to real risks. But that's part of why I enjoy exploring DeFi. Not just hunting for rewards, but discovering what people are building and where finance might be heading. I'll keep experimenting and sharing what I find. Love this stuff! 🦢

Mantis, two weeks in. 95 bug reports from 27 hunters, up from 41 and 15 at week one. Both bounties, Inverse Finance and the Monolith Stablecoin Factory, are still open with up to $100K for critical bugs. mantis.inverse.finance

so the team who delivered one of the biggest defi airdrops in history and has been shipping non-stop since 2020 is giving us another one?

SWAN has a job. Stake it and you get 100% of the swanUSD market's protocol revenue, paid in swanUSD. Current APR: 30%. app.monolith.market/1/coin/2…

1.52% to borrow against wstETH. 214% current APR to stake what you borrowed, paid in SWAN. Same asset on both sides. The spread is yours while it lasts. 0% borrow if you accept redemptions. 85% max LTV. app.monolith.market/1/coin/2