SHERPA ALLOCATION - August 1st
Today marks the first post describing the Public SHERPA allocation based on the funding I received through the private funding round, before a Public Auction.
Backers who backed SHERPA and SVM development:
Presale Backers:
- @happycapital - 2,000,000
- @xpilar - 500,000
- @luxalok - 1,791 (300 + 1,491)
- @ahp93 - 100,000
- @futurem - 15,000,000
- @steem-space - 1,000,000
- @tabula.rasa - 1,500,000
- @steem-agora.evm - 500,000
- @abrar65 - 2,000,000
- @swfg - 2,700,000
- @mostafezur001 - 949,000
- @xyjmc - 25,700,000
📢 Validator Airdrop Extension
The AIRDROP for Validators shall be extended for 2 more days as new validators are wanting to join but due to technical glitches were not able to. We will wait until August 4th to allocate 5 Million SHERPA to validators active by that day.
What is SHERPA & Steem Virtual Machine (SVM)?
Sherpa Protocol is the decentralized financial layer of the Steem Virtual Machine. It serves as STEEM's gateway to SocialFi, transforming the SVM from a simple testing environment into a comprehensive DeFi ecosystem.
Key Features:
SherpaSwap (DEX): A next-generation exchange using concentrated liquidity (Uniswap V3 architecture) for capital-efficient trading
sUSD Stablecoin: An overcollateralized, decentralized stablecoin backed by STEEM, SBD, and SHERPA with permissionless redemption and automatic liquidations
Lending & Borrowing: Open collateralized vaults to mint sUSD against your assets without selling them
Yield Farming: Stake LP positions to earn SHERPA rewards, including permissionless LP farming where users can burn SHERPA to create their own campaigns
SHERPA Staking: Stake SHERPA for governance power and boost farming rewards by up to 2x
Protocol-Owned Liquidity (POL): The treasury owns liquidity positions, generating sustainable revenue and reducing slippage
The SVM App serves as an all-in-one DeFi hub where users can swap tokens, manage vaults, stake & farm, and track their portfolio in one place. This integration brings full DeFi capabilities to the Steem blockchain, positioning SHERPA as a cornerstone of the SocialFi ecosystem on the Steem Virtual Machine.
🔗 Learn more about SHERPA and SVM: The Steem Virtual Machine (SVM) and Sherpa Protocol - STEEM's Gateway to SocialFi
