[ANN] MALT PROTOCOL - new generation of algorithmic stablecoins.

[the rise]

Testnet is still ongoing:


1) Get some Matic from the Polygon Mumbai Faucet on https://faucet.polygon.technology/
2) Go to https://matictestnet.stablemalt.finance/
3) Add the Polygon Testnet RPC, you can find it on https://chainlist.org/
4) Claim some Dai in "TESTNET AMM" tab.
5) Trade some Dai to Malt.
6) Pool both assets to get LP in "Pool"
7) Bond your LP in "Staking"
Enjoy!. pepe_toast

[the rise]

@everyone a quick update on what's been happening.

I took a week off to go away with my gf for the first time since the start of covid. A break from the world and work for a while to recharge before we attempt to take over defi with Malt V2. At the end of that trip I managed to catch a horrible flu and I have been in bed barely able to move for the past week. Fortunately, I am recovering now and should be back to full performance in the next few days.

On the Malt side of things, the rest of the team has held the fort down incredibly well. Testnet exceeded our expectations. We are just dotting the i's and crossing the t's at this point getting ready for launch.

Once I am back at my desk at full capacity next week I will make another announcement with more info about when launch will be.

We are incredibly grateful to everyone who has stuck it out with us this long. We understand the journey to V2 hasn't been as fast or smooth as many (including us) had hoped for. However, we are confident that it will have been worth the wait when we drop V2!

Lots of love,
0xScotch

[the rise]

update news

Last week was my first full week back after being ill and I spent the time going through some data from the testnet to see if there had been any bugs / issues while I was away.

I ended up finding an edgecase that resulted in vested rewards moving back to being unvested for a short period of time (weird one I know). Ultimately, the rewards still ended up vesting fully to the user but it did mean that it looked like rewards disappeared for a short period of time. This is completely undesirable and i've spent almost all my time since finding that trying to rework the way vesting is handled to remove that issue.

I finally made a breakthrough today and have a new system that works exactly like the old one but without the weird edge case. We now need to implement that new system in the contracts (should be done by EOD tomorrow) then we can deploy that to the testnet and make sure its all working as expected.

Once we have that verified as working we will at last be in a position to set a hard launch date!!

So stay tuned for an announcement about when we are launching!

Much love,
The Malt Team

Join malt procotol comunity :

Telegram
Discord

[eXtremal]

malt V2 is very long to launch, even until now there is no definite specific date

[the rise]

malt V2 is very long to launch, even until now there is no definite specific date

hi eXtremal thanks for watching us here , we really care about the launch , as we said before , at launch we don't want the same problems as before , and we are getting closer to the launch stay tuned for information from Malt Protocol

[the rise]

helo everyone

The final testnet is live!

https://matictestnet.stablemalt.finance/testnetamm

Grab all your testnet DAI and start buying/selling/bonding/unbonding until your heart is content.

Once we have verified all the current code is working on the testnet we will set a firm date for launch!

LFG Malt Fam

[the rise]

@everyone

Tomorrow at 5pm UTC we will be doing another attack on peg event. I will be on voice chat and we can discuss how the under peg mechanism works and explore the txs to gain an understanding of how Malt works to maintain its peg.

If you just want to come and sell all your Malt to see if we can manage to depeg Malt this will be your opportunity.

Hope to see many of you there

LFG Malt Fam!

Join telegram : https://t.me/maltprotocol
Join Discord : https://discord.gg/wy6XV5sW

[the rise]

Thank you to all who participated in our final Attack on Peg event! Even with everyone selling all available Malt, our devs had to mint an extra 25m Testnet Malt to finally break peg. What a show!
Also, special thanks to 0xPantani for recording the event!

Like & retweets : https://twitter.com/MaltProtocol/status/1516520533415776256

[the rise]

Two days after Testnet's Attack on Peg-
Malt's defenses worked like a charm. Even after the community and devs threw 25m+ Malt at it, peg recovered and growth continues.
That, and check those rewards- whoa!

Malt v2 is ready to rock Polygon- and then, all of DeFi.

Get Ready!

Like & retweets :
https://twitter.com/MaltProtocol/status/1517257541884911616

[asyakashi]

I want to get more detailed information, but it seems the website is not informative, even I didn't find their professional team, some looks like this website is still under construction, I think this project should have a lot of clarity at least have clearer information on their website, even i don't see any document in any part, that's also important, and i don't see the roadmap. I hope that before the launch of their website platform they should display detailed information.

[the rise]

I want to get more detailed information, but it seems the website is not informative, even I didn't find their professional team, some looks like this website is still under construction, I think this project should have a lot of clarity at least have clearer information on their website, even i don't see any document in any part, that's also important, and i don't see the roadmap. I hope that before the launch of their website platform they should display detailed information.

of course the Malt team will update the website soon , it is not possible to update the website right now , in the current situation the Malt Protocol team is preparing for the launch of Malt V2 , we are long overdue for the launch so the team is still very busy at the moment , by the way The launch of Malt V2 is getting closer, we are happy to see you for your criticism, suggestions and support

[the rise]

Malt Launch is nearly upon us 👀

Wed May 4th - Anyone on the whitelist will be able to contribute funds

This will remain open until a few hours before launch

🚀 Sat May 7th 6pm UTC - WE LAUNCH 🚀

Join telegram group : https://t.me/maltprotocol
Join discord : https://discord.gg/wy6XV5sW
Folow twitter : https://twitter.com/MaltProtocol

[Blowon]

how is the current malt project? I think it's been a while this project hasn't made any progress at all, like V1 has been delayed even more than a season. I don't mean to insult this project, but I want to see how they have developed over the months since this ANN was launched, all I see on their social media is that sales are still ongoing, this actually makes their community increasingly have a declining trust in malt, they need to move quick to develop their platform and then launch it to the public, and explain why V1 was paused, while V2 was about to launch.

[the rise]

We've put together a Discord bot for checking your WL allocation fire .

Simply type /allocation, hit enter and paste in your address to see your allocation. (There's a 1 min CD).

If you have any issues, you can click on the 'Support' button as seen on the second image. From here, you can create a ticket and someone from team will get back to you.

*This is a private command. Nobody else can see your allocation.

Ps V2 docs are coming reaaaaaaal soon smirk

Love you guys
Team Malt peepoLove

[royalfestus]

How is the response of investors to  whitelisting of the project? What's the turnout?

[the rise]

V2 documentation https://docs.malt.money/

[the rise]

Whitelist is open!

https://whitelist.malt.money/

Funds can be put in anytime before 3pm UTC on Saturday May 7th!

Like & retweets : https://twitter.com/MaltProtocol/status/1521766317417771009

[the rise]

Whitelist is now CLOSED

Malt will be available for purchase on @QuickswapDEX at 6pm UTC today.

LFG

[the rise]

We want to give a HUGE Thank You to our incredible community for helping us launch Malt v2! While we ran into some minor speedbumps (like how the APR was so high that it broke the UI, twice) we're stable, growing, and have hit nearly 20m TVL within less than 12 hours!
MALT = $1! https://t.co/Dez3MAzupg

[the rise]

Tomorrow 6pm UTC we will distribute 100% of face value cost basis to all wallets still in Malt.

The funds recovered from the protocol were $30k shy of covering the total cost basis of $10,297,101.85

The team has decided to cover the difference so everyone is made whole.