Co-Founder of @zentrafinance Previously : Sonne Finance, Mare Finance
Joined January 2021
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Hello everyone!
We recently took an initiative to build @ZentraFinance on @citrea_xyz as we believe Citrea is the key step for Bitcoiners to finally embrace DeFi.
Here’s why we chose Citrea and why it matters for Bitcoin’s future:
Atakan Y retweeted
On the 25th, we will withdraw all of the ZNT liquidity from Satsuma and share details of the wind-down process.
We continue to track the attacker and will post further updates here as more information becomes available.
Atakan Y retweeted
Zentra is back online, and markets have reopened following the September 9 exploit.
The exploit left the ctUSD reserve short by approximately 139,961 ctUSD against depositor claims. A one-time proportional adjustment of 10.19% has been applied to every zctUSD balance recorded at block 12428145, bringing reserve claims back in line with reserve assets.
Withdrawals are now open at zentra.finance. Most of the reserve remains lent out, so liquidity will return as borrowers repay. New borrowing against the reserve remains restricted so that returning liquidity reaches withdrawing depositors first.
The adjustment restores the reserve. It does not by itself make affected depositors whole.
The 14 September deadline passed without a response from the attacker. Recovery efforts are continuing through technical, on-chain and legal channels, and the bounty is now directed at verified informants.
We will provide a further update once the next steps have been confirmed.
Atakan Y retweeted
An initial mitigation was implemented on Zentra today to prevent users from accruing additional interest while the markets remain paused.
Interest rates have been set to 0, and the protocol has been paused again while the broader system patch undergoes review.
We will provide a further update once the review is complete and the deployment plan and next steps have been confirmed.
Once the biggest player on DeFi world, now it’s just “another update”.
Curve wars was overrated, but i think the biggest lesson it taught was that anything is gameable.
They were the smartest in the room at the time
Atakan Y retweeted
sUSN markets are live on Zentra Finance!
Zentra 🤝 @noon_capital
Supply cap : $2,000,000
Max LTV : 75%
Reserve factor: 15%
Atakan Y retweeted
ctUSD Earn Vault is open to all depositors 🍊🍋
3-pillar strategy:
1) @SatsumaDEX - Trading fees, associated stablecoin yield, $SUMA incentives.
2) @Morpho (Mystic UI) - borrow interest.
3) @ZentraFinance - borrow interest + $ZNT incentives.
Start here: app.upshift.finance/pools/41…
It's essentially free to ...
Let me correct myself.
We are actually paying you to borrow on @ZentraFinance right now!
Best rates in the market!
Use Zentra!
Atakan Y retweeted
Looking for deep, reliable liquidity?
Zentra Finance has $1.3M available and borrowable right now.
Explore our markets and power up your capital efficiency!
Atakan Y retweeted
ctUSD Earn Vault is now LIVE on Zentra Finance!
Start earning stable yields on your ctUSD with no leverage, automated across top Citrea ecosystem venues 🍊
Flexible deposits. 24h redemptions. Real Bitcoin capital markets liquidity at work.
Deposit now 👇
Atakan Y retweeted
Airdrop distributed!
Rewards for Zentra Points recipients, active community members, and Discord role holders have been sent out.
Thank you for your continuous support and contributions. This is just the start.
Check your wallets 👀
Atakan Y retweeted
We are back online! 🟢
The Zentra app maintenance has been successfully completed.
You can now jump back in to supply, borrow, stake, and manage your positions as usual.