When can we expect the website, i’ve been logged in to subber and discord for few months now,been waiting for Adrastea unleashed. Timing is perfect at the moment
great proposal! is this similar to what JonesDAO did with GLP from GMX over on Arbitrum?
I love the additional use case for JLP. It’ll def help broaden the scope and get more people involved in DeFi.
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Really love how everything is being rolled out. 100% transperancy, very good and informative Cantina’s. Stoked for the DeFi scholarship which is being planned.
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Thanks for the question! As you can see from my intro:
BM actively researched and invested in L2 Arbitrum and the GMX - GLP ecosystem in 2023.
I’m very familiar with the GLP ecosystem, and models utilised there. We aim to adapt the best strategies and create a variety of risk profile products around JLP. Leverage is just the first out of many 
Love Adrastea’s long term vision and commitment to community. I was wondering, how does Adrastea plan to grow and maintain its community engagement over the long term, especially after the initial launch phases?
I appreciate the vision for Adrastea’s journey within the Jupiter ecosystem! I have two primary questions:
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It’s great that you acknowledge the significance of demystifying DeFi for the broader Solana community. Will there be chances for the community and early supporters to contribute to this effort?
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Additionally, how do you intend to sustain the excitement even after the initial buzz diminishes?
Thank you!
As far as I understand, a net collection from Adrastea finance will be created. When will it be released? After launching the token?
I don’t know if you can talk about this or not, but do you already have any agreements with exchanges where you would like to see $ADRA?
Hi Kristen,
Currently, we don’t have any plans for an NFT collection. However, we do have some exciting surprises in store for the core community!
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Hi Hoclss, we’ve already replied here:
Thank you, bdr3. In my opinion, community engagement is a crucial part of any project.
Many DeFi projects overlook the community aspect, focusing instead on their products and the protocol itself.
From my past experience with Pawnshop Gnomies and now with Adrastea, I always consider community values and engagement as essential as the protocol itself. A dedicated community enables a project to accomplish much more, beyond just technical development.
My first major initiative is to demystify DeFi for the general Solana community. You can read about it below. Also, feel free to join our first spaces tomorrow - no prior DeFi knowledge is required: https://x.com/AdrasteaFinance/status/1767279872722804936?s=20
My goal is to create a DeFi knowledge hub in our Discord and assist any DeFi learner with resources and guidance.
Following our initial launch, we plan to continue releasing new strategies, implement liquidity incentive programs, and solidify our DeFi educational position. By introducing new strategies, expanding our TVL/user base, and executing our marketing/community strategy, we aim to create a productive synergy between the technical and non-technical aspects of the project.
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JLP leverage always seemed to me like a no-brainer given its mcap and also the ease of use for it. So far, only Kamino and MarginFi have utility for it, albeit limited at MarginFi. Having a protocol focused on JLP as its backbone product makes this super lucrative to investors who are more passive, rather than actively managing their portfolio and trades.
Well written proposal, I think this is an easy point for the Jupiter team to get, given it focuses on one of its core features, and builds upon it, as DeFi in general ought to.
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What are your advantages compared to boost mango markets? They offer leverage for JLP too
Is there a demo we can try?
Is there any proof of your strategies working and being profitable?
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Hi BTC,
We are launching our beta in the coming weeks, stay tuned.
Priority access will be given to our community members, so make sure to join Discord and attend our weekly AMAs and DeFi spaces.
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By adopting the best strategies from Arbitrum (GMX - GLP ecosystem), we have gained valuable insights into what works and what doesn’t. These proven strategies, tested over time on GLP, are not only profitable but also adaptable to Solana. This enables us to introduce user-friendly DeFi strategies for all users.
For more information about the GLP ecosystem, you can refer to my thread from 2023: https://x.com/BusinessMngr/status/1664663653684051969?s=20
Mango is a full spectrum dex, while we are zeroing in on just this one aspect of defi: providing the most efficient yield strategies for various risk profiles.
Our first strategy, leverage, is built on a two-vault system with floating leverage and floating APY based on vault utilization. For users, it’s simply depositing JLP or USDC, and the protocol will do the magic. We have rigorously tested our model against various market events to ensure safety for our users. Our findings will be shared soon in the complete whitepaper. The USDC vault is principal protected and always accessible for withdrawals from the protocol, achieved through smart leverage rebalancing.
For more details on yield and utilization, please visit: JLP Yield and adrUSDC Yield Balance - GRID
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Right so the concept is you use your JLP to make even more gains, concept clearly works for GLP.
What is the price of $GLP (can’t find the token on Coinmarketcap) and has $GLP price crashed due to blackswan events? If so, due to your protocol JLP could get rekt from people being overleveraged during a blackswan.
What are the exact types of strategies that you intent implement in your protocol, can you go into basic technical aspects and how these aspect would allow for higher ROI when compared to throwing JLP into MarginFi, KaminoFi, Drift etc.
Do you plan to adopt any new strategies to increase ROI on JLP that would beat competitors? How do you aim to gain market share if your strategies don’t beat competitors?
Thanks,
BR.btc
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