We are sad and disappointed. We have spent the last 6 months basically trying to build on top of Rari Fuse and have pictured the future where the Rari Fuse can become the base layer of the permissionless leverage platform. With the dissolution of TribeDAO, this future will become much harder to attain. It took us a bit of time to recuperate and decide where the future of Risedle going to be.
Couple of lessons that we learn coming out of this.
CAKERISE and CAKEDROP are derivatives products with no margin or liquidation risks. It provides you with leveraged long and short exposure to the CAKE token, which may amplify profitability and potential losses:
CAKERISE and CAKEDROP are backed by CAKE and BUSD token and can be redeemed at anytime.
BNBRISE and BNBDROP are derivatives products with no margin or liquidation risks. It provides you with leveraged long and short exposure to the BNB token, which may amplify profitability and potential losses:
BNBRISE and BNBDROP are backed by BNB and BUSD token and can be redeemed at anytime.
We have finalized the development and audit for Fuse Leveraged Token since early this month. There’s some delay on the launch due to a global pause that currently happens on fuse, making us unable to launch FLT properly on Arbitrum.
After having a few considerations, we have decided to work with midascapital.xyz to launch on binance smart chains. For anyone who doesn’t know about them, Midas Capital is a DAO within the Tribe DAO ecosystem, bringing Rari Capital’s Fuse pools to EVM compatible blockchains.
Fuse is a permissionless money market that allows anyone to create customized and isolated pools for lending and borrowing any asset. Pool creators have the flexibility to modify various parameters (interest rate curves, oracles, collateral factors, etc.) according to their risk appetite.
Around 2 months ago, we announced our plan to build leveraged token on top of Rari Fuse. We call it Fuse Leveraged Token, an open and fluid leveraged token mechanism that can be easily implemented by any project that controls fuse pool.
A couple of weeks ago, something unfortunate happened. Rari fuse was exploited by around 80 million and left some of the pool in bad debt. We feel that it is necessary to address this issue for our community.
To cut it short:
We still have all the intention to keep working on utilizing fuse as a leveraged mechanism. No changes in plans, full-on.
Yoo anon, suppp? This month Risedle Core team is productive as ever. We’ve got a lot of updates to share, so let’s get started!
Hi again from the core team at Risedle! We’ve got a lot of updates to share, so let’s get started.
Continuous integration (CI) is a software engineering practice that helps small-scale or large teams to collaborate better and improve their codebase. With Github Actions, you can easily integrate this into your dapptools project without using an external platform.
In this tutorial, we see how you can use Github Actions to set up a CI pipeline to your dapptools project. Before we delve into Github Actions for CI, let’s understand what continuous integration is.
Continuous integration (CI) is the software engineering practice that requires frequent commits to a shared repository. You may have gotten so used to this practice that you may wonder why there’s a term for it.
This month the Risedle Labs development team has been focused dominantly on improving Risedle Leveraged Protocol, improving the Risedle Interface, building Risedle Snapshot services and testing the stability and security of upcoming features.