Things that happened this week
- SiennaLend launched on mainnet April 29.
- $SHD LP rewards added to sSCRT / stkd-SCRT pool on SiennaSwap.
- $ALTER LP rewards added to the ALTER / SIENNA pool on SiennaSwap.
- Sienna Network integration on DefiLlama.
- Sienna Knights early access to SiennaLend.
- New revamped UI/UX for the entire Sienna Network website front end.
- Final SiennaLend audit report uploaded to the website.
- More work on governance front end.
SiennaLend Live on Mainnet
SiennaLend launched on mainnet April 29. SiennaLend is the first lending protocol on Secret Network, and the first-ever private lending protocol anywhere. Privately borrow and lend IBC/ETH/BSC assets (as well as XMR).
https://twitter.com/sienna_network/status/1520099918467248128
➡️ Check out this SiennaLend feature article on the Secret Network blog:
https://scrt.network/blog/secret-feature-siennalend
➡️ Also check out this comprehensive SiennaLend user guide:
https://medium.com/sienna-network/siennalend-user-guide-16b3dd97758f
➡️ TechCrunch article on SiennaLend:
➡️ Final SiennaLend Audit by Halborn:
https://sienna.network/audits/
SHD and ALTER LP Rewards are Live on SiennaSwap
The sSCRT / stkd-SCRT pool on SiennaSwap has been incentivized with SHD LP rewards. 100 SHD per day is allocated for LP rewards for the first 4 weeks (dropping to 30 SHD per day after the first 4 weeks), with a total rewards allocation of 6000 SHD.
➡️ Read more here:
https://medium.com/sienna-network/shd-liquidity-provider-rewards-are-live-on-siennaswap-41fb16c3185
The ALTER / SIENNA pool on SiennaSwap has been incentivized with ALTER LP rewards. 340 ALTER per day is allocated for LP rewards, with a total rewards allocation of 110,000 ALTER.
➡️ Read more here:
https://medium.com/@cm_77528/alter-liquidity-provider-rewards-are-live-on-siennaswap-c5ecaf85bc70
Sienna Network Listed on DefiLlama
DefiLlama is an open-source total value locked (TVL) aggregator for decentralized finance protocols. DefiLlama is now tracking Sienna Network TVL changes and providing analytics.
➡️ Read more here:
https://medium.com/sienna-network/sienna-network-listed-on-defillama-fd66609516ab
What’s Next?
- Exploring additional value accrual mechanisms for the SIENNA token.
- Continuing work on SiennaLaunch and the SiennaDAO governance framework.
- Spreading awareness for SiennaLend.
