A lot has happened in the past 120 days of our project!
We would like to take a moment and share a few words about our developments so far, summarizing the most relevant points of our journey at icarus.finance.
Here is a short recap of the past two months:
✅ $ICA buyback and burn
✅ New pools added
✅ New partnerships and collaborations
✅ Peaked at 6.8M TVL
✅ Star Cluster
✅ Community Rewards Program
✅ Video Contest with 2,5k $BUSD rewards
✅ $ICA single stake pool
✅ Migrated to v2 (Governance included)
✅ Fee’s that contribute to the protocol
✅ Listings (CMC, coingecko, 1inch, dappradar, etc)
✅ $ZETH and $ZBTC autocompound at @beefyfinance
✅ Even more burns!
✅ Analytics page
✅ Website update
✅ New nodes
All of this in just 60 days of existence, quite incredible if we can say so! 🧐
But, not everything is progress and added value..
Sadly we did have issues with power outages and government laws to comply with, which indeed made our entire BTC mining operation halted. This is being worked on and we announced our actions properly in our social channels, although we didn’t manage to perform within the ETA established previously.
For this reason, the TVL of our protocol has dropped significantly, due to stakers withdrawing from the pools and part due to the fact the $ZBTC hashrate token has also suffered huge volatility on it’s estimated market price ($BUSD).
This is a decentralized protocol so the icarus team does not control the price action of any assets in the ecosystem, but we assure you this isn’t the end of the road here and those machines will come up online, mining as soon as possible.
(Due to 3rd parties involved our ETA is always indeterminate)
Everyone in the team is motivated to keep shining and bringing more added value to the project, we appreciate all the support we’ve been given so far. 🤝
Let’s keep pushing, together we’re stronger icarians! 💪🏻
We recommend users to always read the articles, announcements and watch our educational videos to reap the best value possible at the current time and market conditions.
More information = less FUD