TezFin (Tezos Finance) Mainnet Deployment

After years of planning, development, and months of testing, TezFin’s (Tezos Finance) first mainnet markets were deployed to Tezos mainnet on August 16th, 12am Eastern Time. [TezFin is the first decentralized lending platform on Tezos, akin to Compound or Aave]

Twitter announcement

See https://tezos.finance

The mainnet portal is at https://app.tezos.finance

StableTech would like to thank the user community for months of positive support and encouragement, as well as for its testing, and feedback on the discord server.

We must emphasize that although this represents a milestone step, the code is early and without a formal audit. Please do not deposit more than you are comfortable losing. The earliest point of any new code deployment is its riskiest time.

1st Contingent rollout specifics

The first markets that were deployed were:

• XTZ
• USDtz
• ETHtz
• BTCtz

The remaining ‘first contingent’ lending markets will be deployed in the coming days. These include:

Tez Wraps

• CTez
• WTZ
• oXTZ

Other collateral-backed stablecoins

• tzBTC
• EURL
• USDT

Sirius (Liquidity baking provider token)

• SIRS

2nd Contingent Rollout

The second contingent will include algorithmically backed stablecoins:

USD-pegged Algocoins

• kUSD
• uUSD

Other Algocoins

• uBTC
• cCHF

3rd Contingent Rollout

The third contingent will include other asset types not traditionally considered financial ‘staple crops’ but are otherwise of prominence to the Tezos DeFi economy. These include:

• DOGA
• SMAK
• CRUNCH
• Plenty
• MTTR
• YOU
• kDAO

Please join the Tezos Finance conversation on TezFin Discord: https://discord.gg/vUrdfFtGdP

Follow @TezosFinance on Twitter: https://twitter.com/TezosFinance

About StableTech

StableTech (Tezos Stable Technologies) is a consortium of multiple contributing member firms in the Tezos ecosystem, including Wealthchain, Cryptonomic, OneOf, and Pyratz Labs. Stabletech has deployed other advancements to the Tezos DeFi ecosystem including USDtz (the first USD stablecoin on Tezos), ETHtz (the first ETH wrap token on Tezos), TEZEX Bridge (the first P2P cross-chain bridge on Tezos).

StableTech (Tezos Stable Technologies, Ltd.) coordinates the building of stable, scalable, open-source technologies advancing open Tezos DeFi L1 infrastructure, for the betterment of the Tezos ecosystem at-large. StableTech is a wholly-owned subsidiary of Tezos Stablecoin Foundation — an independent non-shareholder foundation, which seeks the advancement of Decentralized Finance (DeFi) on the Tezos blockchain.

This is the official fx(hash)/fx(text) announcement. This announcement was first published in TezFin’s Medium publication on August 16th 2022.