Mero Community Update (5/9/2023)
Mainnet deployment 1 year anniversary
gm. We hope you all have been enjoying the yields as usual. Recently, Mero crossed its one year anniversary for mainnet deployment and it’s been a pleasure to see the protocol continue to operate as expected. We want to thank the community members who have continued to support us from the beginning. For it has been incredibly helpful as we repeatedly iterate over the protocol 💜
Now without further adieu, let’s go over the latest Mero updates:
Mero Pools
Mero TVL is now at $1.38m. The meroUSDC pool remains the most popular among LPs, holding 67% of TVL. Notably, over the past month the meroETH pools has grown and is now holding 40% more when denominated by ETH.
Now as per the yields, Mero has continued to provide among the highest. Both meroUSDC and meroDAI are currently ranked (according to DeFi Llama) #5 for base APY on Ethereum along with meroUSDT at #6.
Current yields 👨🌾
meroUSDC: 10.04%
meroDAI: 8.71%
meroUDST: 7.2%
meroETH: 3.48%
meroFRAX: 1.74%
Health check
Mero strategy health checks are now being posted weekly in the #🏥︱health-checks channel on Discord. Here’s a compilation of each pool’s health check for this week.
What’s next
Over the past year we’ve spent a lot of time analyzing what would bring the most value to users. Whether it be new Actions, integrations, chain deployments, etc. we prioritize vigilance when determining what to bring next for the Mero community. In addition to this, the plethora of community feedback greatly supports us in this decision making process. With that being said, we’re excited to soon be commencing a new deployment. One that we believe will please many community members and further the delivery of the Mero vision.
Want to become a community contributor? Join our Discord! The Mero protocol is centered around a growing community that is open to community contributions. If you don’t want to contribute, you can always just stop in and say hi! 😀