Upgrading stablecoins into productive on-chain capital. Non-custodial. Fully backed. Non-rebasing.
Ethereum
Joined July 2024
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Overlayer Update | Binance Incident
First and foremost: Overlayer funds are safe.
Following the Binance security incident, Aave has temporarily frozen new deposits and borrowing across its markets. Here's how this affects Overlayer:
1. MINT - Operational
Overlayer separates minting from supplying underlying stablecoins to Aave, users can continue minting Overlaid Assets without interruption.
2. REDEEM - Operational
Aave withdrawals remain enabled, so users can continue redeeming Overlaid Assets for their underlying stablecoins.
3. STAKE & UNSTAKE - Temporarily Affected
Both operations trigger compound(), which requires supplying accrued rewards to Aave before users enter or exit staking. This ensures fair reward accounting.
Until Aave reopens deposits, these operations remain temporarily unavailable.
4. STAKING YIELD - Potential Upside
Aave’s deposit freeze may drive lending rates higher, with Overyield further amplifying returns for Overlayer stakers.
We continue monitoring Aave and will provide updates as normal operations resume.
Funds are safe. Protocol integrity comes first.
The Overlayer AI Assistant is LIVE!
Everything you want to know about Overlayer, one conversation away.
Protocol mechanics, Overlaid Assets, staking, risks.
Just ask.
Open to everyone. 👇
chatgpt.com/g/g-695b6b377d34…
VISION Farming Season is almost here!
And the momentum is already building.
70 teams formed across chains.
200+ users have already joined a team.
All before the season even begins!
What are you waiting for? Join a team or create your own today!
app.overlayer.fi/vision/rank…
Team guide 👇
xitter.gq/overlayerfi/status/210…
Referral guide 👇
xitter.gq/overlayerfi/status/210…
Overlayer retweeted
A few takeaways from #TOKEN2049 in Singapore 🇸🇬
Crypto feels quite different from a year ago.
Fewer new #DeFi protocols, fewer projects riding the hype. Many new teams are building on top of established infrastructure rather than reinventing everything from scratch.
The crowd has changed too. Far more institutions, banks, and family offices. Capital is moving onchain gradually, but the direction is becoming clearer.
Tokenized stocks, stablecoins, and yield generation were among the biggest themes. Stablecoins, in particular, are increasingly becoming financial infrastructure rather than just trading tools.
Risk perception is shifting too. High APYs alone aren't enough anymore. People want to understand where yield comes from, how it's generated and the risks involved. Security and transparency matter more than ever.
Meanwhile, white-label crypto debit cards and CEXs were absolutely everywhere. AI, surprisingly, was less prominent than I expected.
My takeaway?
Less hype, more substance.
DeFi hasn't stopped building. The market is becoming more selective, leaving more room for those focused on creating real, lasting value.
And personally, I think that's a very positive sign for what's ahead.
23 days until the VISION Farming Season begins.
All you need to get started is to mint your Overlaid Assets.
Get ready.
app.overlayer.fi/mint?pool=e…
Stablecoin yield without giving up custody.
Deposit, mint C+, T+ or G+, stake to capture Aave yield through the Overyield Effect.
Live now on: app.overlayer.fi
Overlayer is heading to Singapore for @token2049
We’ll be there from October 5 - 11, discussing the future of stable capital: Overlaid Assets, onchain productivity and new ways to build on top of stablecoins.
Reach out if you’d like to connect!
Join the VISION👇
app.overlayer.fi/vision