Dear Seneca Citizens,

Seneca is on a mission to bring leverage to the masses by providing the first platform for leveraging a variety of Liquid Staking Derivatives (LSDs). LSDs are currently the DeFi sector’s hottest asset class, creating a new $17bn+ market, which Seneca is well placed to capitalize on. We wanted to keep you up to date on what’s been going on behind the scenes as we prepare for launch:

Progress In Creating A Safe, Easy-To-Use LSD Leverage Platform To Ensure Mass-Adoption

By being the first platform to offer participants the opportunity to use a variety of LSD assets as leverage collateral across popular EVMs. Seneca is well-placed to be the focal point of mass-market adoption for both leverage solutions and LSDs, this means it is extremely important that the Seneca platform offers an extremely easy-to-use interface to ensure it provides a simple experience even for people who have never used leverage before.

Therefore, a lot of our focus at the moment is on extensive testing to ensure a seamless experience. We’ve been finalizing tests on our smart contracts, and they are now ready to go off to Audit. The next step will be connecting it to the front-end Borrow page, which is the part users will see when accessing Seneca’s leverage solutions. We’ve been putting a lot of work into developing the layout of the Borrow page to ensure it provides a simple user journey that allows users to leverage their LSDs and other exotic collaterals at the click of a button. Over the next few weeks, we’ll be integrating the back-end, front-end and smart contracts together, at which point we can start to get a good visual feel for how the experience will be for users.

Already we can see that the platform is going to deliver the kind of user experience that is required for Seneca to deliver on its vision of bringing omnichain leverage solutions to the masses for exotic collaterals and we can’t wait to share more as things develop.

Expect An Uptick In Twitter Activity As We Ride The Wave Of The Current LSD Hype.

With the technical development side on track, you will now start to see a lot more engagement from Seneca on Twitter. With all the hype around LSDs at the moment, the timing is perfect for raising awareness of the world’s first Omnichain solution for maximizing the value of LSD assets through our leverage strategies.

To hear all the latest updates, ensure you are following us at:

Make sure to like, comment on and retweet as many of our posts as you can as we start riding the hype on DeFi’s most exciting new asset class.

That’s all from us this week but stay tuned for more updates over the coming weeks as we continue to prepare for launch and capitalize on the opportunity to bring leverage to the masses through our first-to-market Omnichain LSD leverage solution.

All the best,

The Seneca Team