> ## Documentation Index
> Fetch the complete documentation index at: https://docs.denar.markets/llms.txt
> Use this file to discover all available pages before exploring further.

# Changelog

> Every notable change to the Denar protocol, in the open.

<Update label="August 30, 2026" description="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.
</Update>

<Update label="August 14, 2026" description="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](/protocol/corporate-actions).
</Update>

<Update label="August 8, 2026" description="App live, direct lending, verification">
  ## The app goes live

  * **All six markets live** in the app at [denar.markets](https://www.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.
</Update>

<Update label="August 7, 2026" description="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.
</Update>