Ester.Finance Weekly R&D Report (6.13–6.20)

3 min readJun 23, 2021

Happy Wednesday and welcome to our latest weekly R & D report! Following another successful week of development at Ester, we are proud to bring you the fourth weekly report regarding recent technical, research, and community developments that have taken place. In the past week we have made additional listing strides and continue to communicate with leading DeFi reporters to bring Ester to the forefront of exposure. We’d also like to share some highlights below including another steady week of TVL from a previous level of $2.5 Million to a new level of $1.56 Million. Even with the dip in the current market, Ester has maintained a solid TVL while we continue to build. Below are additional highlights and a sneak peak of some of our newest upcoming plans in addition to our previous weeks.

Ester Finance (6.13–6.20) Roundup

TotalValueLocked (TVL): $1,560,000

Total EST Supply: 1,058,624.621 EST

Distributed Market Value: ~$450,000

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- More rewards to come!
Backend support — Continued technical support has been optimized to ensure a smoother experience than ever before.
Optimize Network Server — Optimization of the site and platform are key and we have been hard at work to create optimal server flow.

II. Ongoing Research Directions

Ester Lottery System- The team has been researching and looking into a way to incorporate a lottery system for EST.
Hackathon Participation- This is a major focus for Ester moving forward as the team continues to intend to cooperate with Covalent for their upcoming hackathon.

III. Community Developments

We’ve continued to push out additional vaults like Woofy to encourage other communities to join the solid one we developed to this point. Additional EST use cases will continue to be implemented and will result in greater exposure to a community-governed protocol, including a possible incoming Lottery System. Even in a market dip, the Ester team and community remain strong in the goal to become Fantom’s leading auto-compounding platform. Each week more developments are added and we see new faces daily on our social accounts. Below is a breakdown of some of our social numbers.

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