RUG REPORT: 7 December 2021

RUGenerous
2 min readDec 7, 2021

R U Generous (RUG) is a decentralized reserve currency protocol currently offering some of the best yields on Avalanche.

It’s been three weeks since our founder, @forkneylove, live streamed the creation of our protocol on Twitch.

Here’s a quick recap of our significant digits:

  • Four RUG improvement proposals voted on and implemented
  • 15% average daily increase in staked accounts
  • $10MM in treasury assets
  • $24.5MM TVL
  • $40MM market cap
  • Listed on Trader Joe with $5 million in trading volume
  • Listed on CoinMarketCap, CoinGecko, Zapper, Debank, and DeFi Llama

We promised our devs we’d bump their yard time to 20 minutes if they kept up the pace through the end of the week

  • Deployed seven new bonds: RUG/AVAX RLP, QI, USDT, wAVAX, RUG/MIM LP, USDC, MIM, and RUG/AVAX LP
  • Launched our own DEX: https://swap.rug.farm/#/swap
  • Added a calculator for the arithmetic challenged:

More to come, stay tuned.

With (🚩,🚩) regards,

❤️

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