Ester.Finance Weekly R&D Report (6.06–6.13)
Happy Thursday! Following another successful week of development at Ester, we are proud to bring you the third weekly report regarding R&D. This past week we continued our exposure to tracking platforms with our listing on the likes of DappRadar. In addition, we’d like to share some highlights below including a steady TVL from a previous high of around $4 Million to a new level of $2.56 Million even with the dip in the current market and a tease of some of our newest upcoming plans.
Ester Finance (6.06–6.13) Roundup
TVL: $2,560,000
Total EST Supply: 993,053.171 EST
Distributed Market Value: ~$750,000
Current EST Vaults: 27 Vaults + EST Staking
EST Vaults: https://app.ester.finance/vault
EST Staking: https://app.ester.finance/stake
Current Highest Yield Vault: Stake FTM/BOO LP remains the top APY with FTM/SPIRIT following close behind in our Auto-compounding Vaults
I. Technical Developments
- New LP vaults continue to be added- Including FTM/CRV, FTM/LINK, FTM/YFI, YFI/WOOFY of SpiritSwap and FTM/WOOFY of SpookySwap. More rewards are here!
- Backend support — Continued technical support is being added to ensure a smooth experience.
- Display Tokens by Filter — Finished an initial implementation of a toggle to filter out different tokens/vaults.
II. Ongoing Research Directions
- Additional Exposure to AMMs for EST — We are reaching out and establishing connections with various AMMs to create additional EST pools, We’re looking forward to bringing EST to the top AMMs in the field!
- Hackathon Participation- This is a major focus for Ester moving forward as the team intends to cooperate with Covalent for their upcoming hackathon, giving Ester a chance to showcase some great new ideas and developments.
III. Community Developments
We continue to strive to bring our community the best auto-compounding yield optimizer on Fantom. We’ve continued to push out additional vaults to encourage other communities to join the solid one we have thus far. Additional EST use cases will continue to be implemented and will result in greater exposure to a community-governed protocol. Even in a market dip, the Ester team and community remain strong in the goal to become Fantom’s leading auto-compounding platform
Total Discord Members: 22,000+
Total Twitter Followers: 21,000+
About Ester Finance
Ester.Finance is a Decentralized Finance (DeFi) Yield Optimizer project on the Fantom Opera Blockchain. Ester can make you earn more crypto with crypto. Through a set of smart contracts and several investment strategies, Ester.Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem
Contact Us
Website:https://Ester.finance
Github: https://github.com/esterfinance
Twitter: https://twitter.com/EsterFinance
Discord: https://discord.gg/qqGmXRmGKR
Medium: https://esterfinance.medium.com/
CoinGecko: https://www.coingecko.com/en/coins/ester-finance
DappRadar: https://dappradar.com/other/defi/ester-finance
Docs : https://docs.ester.finance/
EST Address: 0x181f3f22c9a751e2ce673498a03e1fdfc0ebbfb6