Mero Community Update (6/20/2023)

Polygon deployment

gm and welcome to the latest Mero community update!

Mero Pools

Mero TVL is now at $1.27m

Strategy harvests 🌾

In the past, strategy harvests have been a point of discussion within the Mero community. A harvest occurs when tokens, that are earned by Mero strategies, are sold and auto-compounded back into the pool. Previously, harvests had been done manually by the Mero team. We are now pleased to share that over the course of the last two weeks automated harvests have been implemented for all Mero pools. If you’re a Mero LP this means that your yield is now auto-compounding more frequently! 🚀

Current yields 👨‍🌾

• meroUSDC: 5.68%

• meroDAI: 5.36%

• meroUDST: 5.49%

• meroETH: 3.22%

• meroFRAX: 1.31%

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

New deployment? New chain? What’s next for Mero?

Today we’re excited to share that Mero will soon be coming to Polygon! Deployment is already underway and Mero Pools, Actions, and core contracts are being internally tested on Polygon. We look forward to sharing more updates as we finalize the deployment for public launch over the coming weeks! 🚀

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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! 😀