First and foremost, we want to thank everyone in the re.al protocol communities for your patience and support over the past several months.

After many months of hard, careful work, we’re ready to transition from the development phase of re.al to our growth phase, as we deploy and begin support of the re.al ecosystem.

As many tracking and watching the chain have seen, teams are nearly done with deployment of the genesis protocols on re.al. UI for these protocols will be pushed live over the following hours or next few days.

• re.al dApp & bridge

• Pearl

• Tangible

• Stack

• Arcana (more info below)

Along with UI deployments, migration tools will become available on the various protocol websites and updates will be shared in the protocol discords as these deploy.

• Migrating TNGBL → RWA

• Migrating PEAR/vePEARL to updated contracts on re.al

• Migrating CVR to updated contracts on re.al

BRIDGING AND TOKENS

While some elements of the re.al App are still to come online, the native bridge is now live: re.al/app/bridge

As previously shared, certain regions have been blocked from accessing protocol UIs, including the font-end for Tangible, the re.al App, Stack and Arcana. The re.al bridge is currently located within the re.al protocol App, meaning some users may not have immediate access to it. We’re working on deploying a second bridge UI within the marketing section of the re.al website, which is globally accessible.

These tokens have been whitelisted for the native bridge at launch:

• ETH → reETH

• DAI

• WBTC

• USDC

• USDT

Native, cross-chain tokens can also be sent through the same bridge, to and from re.al and other supported chains. These tokens will be routed through through LayerZero’s infrastructure providing settlement on funds moving on and off re.al in ~15 minutes. As liquidity expands for these tokens across DeFi, moving on and off re.al should be a fairly efficient process.

• USTB (minted on ETH)

• MORE

• arcUSD

Additional native tokens to re.al include:

• RWA

• PEARL

• CVR

• UKRE/USRE

Once TNGBL has been migrated to RWA and liquidity seeded, LBP participants currently holding xRWA on Ethereum will be airdropped their tokens on re.al. More communications will be shared with socials at that time.

RWA will be the first L2 governance token to return all of chain revenues back to holders, with eight different ecosystem fees streaming to veRWA holders when we launch.

PEARL

Pearl emissions are scheduled to start at 00:00 UTC, Thursday May 16th. This is less than 24 hours from now.

Emissions for Epoch 19 have been set by the Pearl team. Incentives and voting will resume this week to determine emissions for Epoch 20.

Initial pairs for Pearl v2’s inaugural epoch:

• reETH - RWA

• USTB - MORE

• MORE - arcUSD

• USTB - arcUSD

• USTB - PEARL

• arc-USD - UKRE

• arcUSD - CVR

Pools will be set-up by the team, and protocol liquidity will not be deposited in gauges until users have had a chance to deploy into the pools and begin farming emissions.

Pools with zero liquidity at launch will receive zero emissions until funds are added. For pools with tokens which may not be available due to deployment status when the epoch turns, the PEARL scheduled to release to those pools will be stored in the gauge contract until liquidity is added. Those stored PEARL will be emitted during next week’s epoch.

ARCANA

Arcana and arcUSD are also now deployed.

Arcana tokenizes delta-neutral trade strategies and distributes the yield to arcUSD holders, a token soft-pegged to the USD. One of the primary strategies employed at launch will be the BTC Cash & Carry trade, making Arcana similar to one of this cycle’s biggest winners: Ethena.

However, unlike Ethena, Arcana yield is distributed via daily rebase, there’s no staking or lock-ups required to earn yield, it’s sent directly to the holder’s wallet.

Arcana unlocks many exciting opportunities within the ecosystem, operating as a new source of RWA yields that can be used to dynamically incentivize pools to build deep liquidity for critical ecosystem tokens on Pearl (and other cross-chain DEXs in short order), provide Liquidity as a Service (LaaS) to our partners and capture new users looking for the opportunity to leverage up on novel sources of yield.

Ethena has just started to share plans for how their products can power a yield-focused ecosystem which we expect to be a success. We’ve also made that conceptual and executional leap with these deployments on re.al today.

5% of trade yield generated from Arcana will return to veRWA holders, adding the eight stream of revenue governance token lockers.

To bootstrap liquidity for the Arcana protocol and arcUSD—and incentivize early users with a stake in future protocol governance—Arcana is launching with a points program that rewards ecosystem participants during the growth phase of the project.

After TGE and airdrop claims, the ARCANA token will accrue 5% of protocol yield to stakers, giving it an immediate role in the ecosystem.

We encourage you to read more about Arcana here.

RWA REWARDS PROGRAM

The RWA rewards program will also launch in the coming days.

The reporting algorithm will begin to track on-chain TVL and activity associated with wallets starting with the first block after 00:00 UTC, May 16th.

On-chain activity starting with the block above will be retroactively captured by the tracking algorithm and credited to users when they sign-up for the program. Users will need a referral link to join the program and claim their earnings, referral links will be shared by ecosystem supporters on Twitter.

While the points-farming meta may have reached max saturation, we believe our take on the program puts a transparent and value-driven spin on the implementation. With the RWA token already deployed, points accruals will be presented alongside the actual RWA earned through the program, giving participants a live look at the dollar value of their returns (given live price of RWA) from farming the program.

Follow us on Twitter for more updates on the rollout of the program.

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We set-out to build the first permissionless L2 for tokenized RWAs, but what we’ve created is much more powerful. re.al is an RWA-powered yieldchain, a self-sustaining liquidity hub for tokenized RWAs, distributing off-chain yields to on-chain yield-seekers through an assortment of creatively designed products.

Time to make it re.al