Category: update
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SOFA October 2024 Update
Dear friends & supporters, What a change a month brings! After a rough start in August, things are looking a lot more solid as we finish up September with macro assets on the rise and global central banks looking to ignite a new easing cycle. The team at SOFA just returned from the Token 2049…
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Early September 2024 Update
To our friends and supporters: So much for a quiet summer! Just as things were looking like they were going to coast into Q4, macro markets were punctured with a historic move in early August which sent tidal waves across all asset classes. While prices have recovered somewhat, it doesn’t appear that we are fully…
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SOFA Expands Earn Protocol to Support $RCH Deposits: Enhanced Yield Opportunities for $RCH Holders
In a strategic move to enhance user experience and maximize the utility of its native token, SOFA.org has expanded its existing Earn Protocol to support $RCH as a deposit option. This update allows $RCH holders to generate yields directly through the platform’s structured products, including Rangebound, Bull Trend, and Bear Trend. With this latest addition,…
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Achievements and Future Plans: A Mid-Summer Update from SOFA.org
Dear friends, As we head into the dog days of summer, we thought it would be opportune to take a look back and reflect on the journey we have made collectively since launch. What We have Achieved Launch The SOFA protocol was launched on June 7, 2024 alongside $RCH, our 100% fair-launch token. The launch…
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SOFA.org: USDT Success, USDC Up Next
Since our protocol launched nearly 2 months ago, the SOFA team has been busy at work on expanding our protocol functions, including the launch of our leveraged product and new token denominations including stETH and USDC. As the next dominant stablecoin to be on-board with all our SOFA products, we wanted to highlight some of…
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SOFA.org Spotlight: Bi-Weekly Update
To our friends and supporters: It’s been a wild few weeks for all of us here at the SOFA team. The wild market volatility across the overall crypto space notwithstanding, but our official X account was erroneously suspended by their overly-zealous algorithms. But thanks to the gracious assistance from our DAO partners, we were able…
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SOFA.org Spotlight: Bi-Weekly Update
To our friends and supporters: What a turbulent week across crypto and macro markets! Just as things were looking a bit bleak with token prices tanking everywhere, sentiment has swung around again with the latest US political developments and ETH ETFs approvals appearing imminent! As always, the SOFA team remains hard at work and our…
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NEW FEATURE: Leverage Function Has Arrived For Our Earn Product
Hello SOFA friends! We are thrilled to announce the latest feature enhancement to our Earn product as we continue to improve our product offerings. One of the strongest product feedback we’ve received is whether we can iterate on our current Earn product to allow for further upside yield to express a higher conviction view. As…
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Exciting Updates Ahead: SOFA’s Plans for June and Beyond
To our friends and supporters: The SOFA team remains hard at work even as the summer holidays are about to kick off, and we have a whole-list of planned protocol upgrades and partner integrations awaiting in the pipeline. While we can’t share everything at this point for confidentiality reasons, here’s a quick teaser of some…
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SOFA So Good? The Beginning of a New DeFi Journey
To our friends and supporters: We are in awe of the tremendous reception we have received in SOFA since our launch last Friday, which was certainly well and above even our most optimistic assumptions. We are truly grateful for the community’s support so far. Furthermore, in the short time since launch, both our SOFA protocols…