Reserve-powered liquidity engine accelerated by @MegaMafia. Managed by Adventale Foundation.
Republic of Panama
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We're winding down Blackhaven.
When we launched on MegaETH, we believed the ecosystem would grow fast enough to support what we were building. At this point, continuing to operate in these conditions doesn't serve our holders.
Rather than let the treasury bleed out slowly, we're doing the right thing and allowing for redemptions.
Redemptions open this week. RBT holders can redeem directly against treasury backing. We’ll post the full process, the redemption rate, and claim instructions before anything goes live.
Thank you to everyone who held RBT. This isn't the outcome we wanted, but we're committed to closing this chapter transparently and making sure holders are taken care of.
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Redemption are now live: app.blackhaven.xyz/redeem
If you’re locked in srbt in commits, we will airdrop you the USDm at the end of the redemption period
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We're winding down Blackhaven.
When we launched on MegaETH, we believed the ecosystem would grow fast enough to support what we were building. At this point, continuing to operate in these conditions doesn't serve our holders.
Rather than let the treasury bleed out slowly, we're doing the right thing and allowing for redemptions.
Redemptions open this week. RBT holders can redeem directly against treasury backing. We’ll post the full process, the redemption rate, and claim instructions before anything goes live.
Thank you to everyone who held RBT. This isn't the outcome we wanted, but we're committed to closing this chapter transparently and making sure holders are taken care of.
4
28
9,136
We just airdropped over 1,000,000 $MEGA to our latest 7-Day Bond participants.
mega.etherscan.io/tx/0x99bd5…
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App: app.blackhaven.xyz/bonds New to bonds?
Learn how they work: docs.blackhaven.xyz/products…
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We're introducing our latest 7-day Surge bond with up to $50k in $MEGA rewards.
So far we've captured roughly $1M USDm since we launched.
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App: app.blackhaven.xyz/bonds
New to bonds? Learn how they work: docs.blackhaven.xyz/products…
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We just airdropped over 150,000 $MEGA to our latest 5-Day Bond participants.
mega.etherscan.io/tx/0x4884f…
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App: app.blackhaven.xyz/bonds New to bonds?
Learn how they work: docs.blackhaven.xyz/products…
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Terminal Program has concluded. We've finalized points and are getting ready to distribute rewards to the community.
Wallet Delegation is now live. You can visit terminal.megaeth.com to check your eligibility.
Before June 10th, you must:
1. Select a wallet to receive your rewards
2. Subscribe with your email for the latest updates & reward releases
After June 10th, all profile changes and wallet selections will be locked.
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Last week we launched two Surge bonds and pulled in $300k of deposits. Now we're introducing our latest 5-day Surge bond with up to $40k in $MEGA rewards.
We used $60k USDm to deepen liquidity and bought back an additional 7,449.6982 RBT, which was burned after.
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App: app.blackhaven.xyz/bonds
New to bonds? Learn how they work: docs.blackhaven.xyz/products…
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We're introducing our latest 2-day Surge bond with up to $55k in $MEGA rewards.
Yesterday we launched the first Surge bond and pulled in $100k of deposits within the hour.
We used 19.5k USDm to deepen liquidity and bought back an additional 3,674.57 RBT, which was burned after.
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App: app.blackhaven.xyz/bonds
New to bonds? Learn how they work: docs.blackhaven.xyz/products…
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Over the past few days we have used 57,218 USDm from the treasury to purchase 11,717.16 RBT and bring price back to NAV. All the RBT has been burned, bringing reserves per RBT from 5.38 to 5.54.
The 1-day surge bond is now live (again) with an additional $10k in rewards.
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App: app.blackhaven.xyz/bonds
New to bonds? Learn how they work: docs.blackhaven.xyz/products…
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1 day bonds will be live Monday at 10AM EST.
This Thursday at 10 AM EST, we'll be launching the first Surge bond with up to $20k in $MEGA rewards, separate from @megaeth Terminal points.
The majority of USDm captured through this bond will go to protocol-owned liquidity to deepen markets.
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Bonds are currently closed because RBT market price is below reserves per RBT. Opening bonds in this state would reduce reserve coverage per RBT for existing holders.
To re-open bonds on Monday, we'll use protocol fees already accumulated to TWAP support RBT market price to reach closer to backing price.
Going forward, the new bonds contract automates this by routing the 6.9% protocol fee into RBT buybacks whenever price is below reserves.
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