- INIT+70Positive
Initia 🪢 (@initia)
May brought steady momentum across the Initia ecosystem, from iUSD traction and DeFi opportunities to gaming updates, new trading markets, and VIP rewards ↓ • iUSD supply crossed the $5M milestone. • @kamigotchiworld team launched @asph0d37’s Prologue playtest through the public beta, while also bringing a new optional hardcore questline and the return of VIP reward bribes to Kamigotchi. • @civitiaorg crossed its 50th week live and recorded its 4th highest revenue-generating week, bringing in 27.8K INIT in the week of May 14-21. • iUSD deepened its DeFi footprint on @EchelonMarket, where users put iUSD to work with 4.77M supplied and 2.59M borrowed, implying > 50% utilization. • @TradeOnStrat expanded its markets with new TradFi listings: $TSM, $SNDK, $INTC, $CRWV, and $MU, all available with up to 50x leverage, and wrapped up a $10,000 Initia 1st Anniversary Trading Event. • @CabalFDN vaults continue to see strong demand, with the iUSD vault already 96% filled after its recent cap increase and APR still holding at 15%. • The VIP flywheel keeps spinning: 1.34M+ INIT distributed to users and rollups this month. On to another month of building, shipping, and compounding 🫡