Fees & seed caps
Protocol fee activated, seed phase begins
- Protocol fee activated: 10% of borrower interest, on all six markets (hard cap in the core: 25%).
- Seed-phase caps: vault exposure lowered from 250,000 to 2,500 USDG per market, so deposits spread across all markets during bootstrap.
- Liquidation-bot hardening: adaptive log scanning and a provable fast-forward when a market has zero outstanding debt.
First corporate action
AAPL dividend processed — hands-free
Apple’s quarterly dividend was reinvested into the AAPL token: its multiplier moved from 1.0 to ~1.00057 (+0.057%). The Chainlink feed absorbed the change, the oracle stayed healthy, and no protocol intervention of any kind was needed. First corporate action in production, handled by design.App live, direct lending, verification
The app goes live
- All six markets live in the app at denar.markets, with per-asset engraved coin artwork.
- Direct market lending shipped: supply USDG to a single market of your choosing, with per-market supply APR and utilization shown honestly.
- All 11 deployed contracts verified on Blockscout — bytecode checkable against the open-source repository.
- First USDG deposited into the vault and allocated on-chain.
- Monitoring and liquidation bots running around the clock, calibrated for the deviation-plus-heartbeat behavior of equity feeds.
Mainnet launch — block 30,437,326
Denar launches on Robinhood Chain
- Six isolated markets: NVDA, AAPL, MSFT, TSLA (62.5% LLTV) and SPY, QQQ (77% LLTV), each with its own equity-aware Chainlink oracle.
- Denar USDG Vault (dnUSDG): one-deposit lending across all markets, per-market caps, 1-day risk timelock.
- Permissionless liquidations with on-chain exit liquidity via Rialto and Uniswap.
- Launched after an internal adversarial security review; all findings fixed or documented.