Wait, how can your debt go down without even repaying it. We are not big fans of debt eating away users’ positions. So, here they are part of a bigger system that automatically earns from the activity happening around them. So now debt positions can earn value just by sitting idle: - You have the Protocol Safety Rate, which moves value from higher-leverage positions to lower-leverage ones. - You have the Adaptive Peg Defense, which redistributes fees generated by minting and redemptions across existing positions. - And you have pETH flows, which bring protocol-generated value back to users. Of course, having a collateral like pETH that appreciates in value is already pretty nice. But having an entire position that can earn, while its own debt can decrease, is even better.

Update on the USDp minter experiment pETH collateral: Increased by 0.3751E USDp debt: decreased by 20k USDP Overall protocol P&L = 23k USDp or +41.5% You might ask how did my collateral increase & debt decrease This is what @polarisfnd minting & redemption unlocks

As the markets heat up, it’s key to understand what new DeFi products have been building for this moment. Great place to start doing research is here in our DeFi Frontier series on The @edge_pod 🫡 🔗

Polaris is for permissionless onchain markets. Ok nice. What does that even mean? We begin with USDp. A censorship-resistant dollar that can finally scale with native yield, built to work across DeFi. Is that it? GOLDp will be there from day one too, using the same infrastructure and native yield. Now think commodities, currencies and many other assets. All of them finally becoming yield-bearing. Truly yours.

While all my group chats are chasing ohm forks on RH chain im building looping calculators for non-liquidatable reserve loans Boys this is gonna cook 3,3 might actually be back...and sustainable this time

1/ A little-known feature of @polarisfnd: Because anyone can permissionlessly issue or redeem USDp against pETH through the PSM, every USDp CDP effectively behaves like a virtual USDp/pETH liquidity position.

Polaris is heading to @ethbelgrade this Wednesday and Thursday. So come find us at our booth and say hi to @TokenBrice and @chilla_ct. Can’t wait to indoctrinate more people into pETH.

Building through a bear market isn't fun, but it's the fastest way to find out what your team is actually capable of. Here's @robpolaris and @esteemedbuilds on going all in during such situations, and how it builds character for the long run 👇🏻

Had some ETH just sitting there doing nothing, so I spent the last 2-3 days testing @polarisfnd on testnet. It turns ETH into pETH, a yield asset you can mint stablecoins against or just hold.

You get a new way to put your ETH to work by swapping it into pETH. But "What do i actually do with it now?” First things first, you may just hold it to earn native yield. But if you also want to unlock new liquidity, you can mint assets backed by it. USDp and GOLDp from day one, with many more coming, each with its own Earn Vault. Or you could split your pETH into fpETH + vpETH, so that you can handle your own risk. One choice goes towards holding fpETH, the ever-rising floor that accrues yield directly to its price. And then you decide to take out an ETH loan against your fpETH, because you know you can use 100% of it as collateral without being liquidated. Or maybe you want to trade some volatility, so you choose to keep your vpETH, or perhaps even short it. Or let's say you want to earn some other yield flows and gain access to POLAR stewardship. In that case, you can convert pETH to POLAR, driving demand for both. And these are just some of the things you can do with pETH. Much more to explore.

The Polaris documentation is now live. Discover pETH and its ever-rising floor, along with the ecosystem of novel onchain primitives it unlocks, from a new class of yield-bearing assets to non-liquidatable ETH loans.