Sumer.money

ChainCatcher news, the blockchain liquidity infrastructure project Sumer.money has officially launched the latest Galxe, with a total prize pool of $2,500. The first 50 participants will each receive a reward of $40, and users who complete Challenge 4 can also earn $500.In addition, users can earn rewards and gain more points by depositing assets, inviting friends, and minting the Sumerian Deity series NFTs during the task participation process. Participants on the Meter network can also receive triple incentives including Galxe rewards, Sumer airdrops, and METG airdrops.

ChainCatcher news, the blockchain liquidity infrastructure project Sumer.money has completed the integration of Ethena assets. Sumer's efficient risk engine allows users to use USDe, sUSDe, and PT-sUSDe as collateral on Ethereum, automatically adapting different collateral rates for borrowing assets with varying correlations and/or generating synthetic assets, maximizing capital efficiency without increasing risk.Sumer will also power high-performance EVM L1 with its unique Supernova core. This tech stack will contribute to the Cosmos SDK as a future architecture solution for L1 and decentralized L2.

ChainCatcher news, the blockchain liquidity infrastructure project Sumer.money has launched today a points referral program and has partnered with KelpDAO, Ether.fi, and Pendle. Assets from KelpDAO, Ether.fi, and Pendle are now available on Sumer.Holders of rsETH, weETH, PT-rsETH, and PT-weETH can participate in lending and minting synthetic assets on Sumer:Deposit assets on SumerSumer will automatically allow users to lend or mint highly correlated assets at a high collateralization rate, or lend or mint less correlated assets at a relatively low collateralization rate.Holders of rsETH and weETH can earn 2x Sumer points (early bird incentive) and lending returns while also receiving Ethereum staking rewards, EigenLayer points, and re-staking points from KelpDAO or EtherFi.Holders of PT-rsETH and PT-weETH can earn 2x Sumer points (early bird incentive), lending returns, and PT users on Arbitrum can also share a weekly reward of 200 ARB from Pendle for each type of PT asset.Users who deposit ETH, USDC, and USDT can earn 4x Sumer points.Joining the Sumer points program through this referral link also grants a 5% lifetime bonus points reward.

ChainCatcher news, the blockchain liquidity infrastructure project Sumer.money has partnered with Pendle to integrate PT Tokens into their full-chain ecosystem. Users can now participate in lending and mint synthetic assets using PT-eETH, PT-rsETH, PT-pufETH, and PT-sUSDe through http://app.sumer.money on Ethereum and Arbitrum.It is reported that Sumer is a highly capital-efficient blockchain liquidity infrastructure that creates a monetary multiplier in a decentralized, non-custodial manner, allowing users to earn yields across multiple chains while not missing out on competitive DeFi yields on the asset's native chain. Sumer's points program will launch this Thursday, July 18, and all deposited assets and liquidity have already begun to accumulate points.

ChainCatcher news, the cross-chain alternative synthetic asset protocol Sumer.Money on the Meter network is now live on the leading DeFi application Aerodrome on the Base network with $suUSD - $USDC liquidity incentive mining pairs, earning $AERO rewards.Users can mint $suUSD tokens directly on Sumer.Money using stablecoins, Ethereum, or staked Ethereum. Voting users in the $AERO pool can exchange their rewarded $eMTRG for $MTRG at a 1:1 ratio through the Meter official cross-chain bridge on the Meter mainnet or BSC chain to gain more $eMTRG incentive liquidity.$MTRG can be traded on centralized exchanges such as KuCoin, Gate, and MEXC, as well as on decentralized exchanges like Voltswap, PancakeSwap, and IZUMI.