Meridian Finance

**Meridian provides update on LayerCover**, a parametric insurance marketplace for DeFi. **Key Features:** - Instant claims processing - Single-sided liquidity provision - Pay-as-you-go coverage model **Market Context:** Recent depeg events with $xUSD and $deUSD highlight urgent need for **stronger DeFi security infrastructure**. **Current Progress:** - Team establishing partnerships with industry leaders - Pursuing strategic funding for liquidity scaling - Building awareness in the market **Stakeholder Benefits:** Meridian stakeholders will be **included in early protocol phases** and rewarded for their support. LayerCover aims to make DeFi more secure and trustworthy, helping onboard institutions and larger capital flows into crypto markets.

Meridian contributors continue building their veSTELLA position, acquiring **51,642.10 STELLA** tokens from StellaSwap markets. This accumulation strategy supports the **MST-DOT liquidity pool** that recently launched on StellaSwap with a starting price of $0.075 and 1% swap fees. **Key details:** - veSTELLA position will incentivize MST pool during high efficiency periods - MST supply remains hard capped with deflationary mechanics - Previous epoch saw 65,190.43 STELLA accumulated with 97% staked The strategy leverages vote-escrow mechanics to expand MST liquidity while accelerating long-term supply deflation through carefully designed tokenomics.

**StellaSwap bribing strategy update:** - MST-DOT voting gauge bribing **temporarily suspended** - Will resume only when bribing efficiency exceeds 1.0 - **Efficiency above 1** means pool receives more USD rewards than bribe costs This approach ensures stakeholder value isn't diluted through inefficient spending. The team continues monitoring metrics to determine optimal restart timing. *Strategic pause protects community resources while maintaining long-term sustainability.*

Meridian has announced its participation in the upcoming EthCC (Ethereum Community Conference). The team will be actively networking and exploring potential partnerships during the event. - Focus on building new connections - Seeking partnership opportunities - Open invitation to meet community members This follows their previous successful appearance at ETH Milano, where team members engaged with the Ethereum community. **Want to connect?** Reach out to schedule a meeting during the conference.

Meridian, a decentralized trading platform, has announced its participation in the Taraxa ecosystem. The platform aims to leverage StorkOracle's price feeds following their integration with Taraxa. - Meridian will utilize Taraxa's scalable infrastructure - Integration with StorkOracle's price feeds planned - Focus on enhancing DeFi trading experience The collaboration aims to strengthen Meridian's existing services while benefiting from Taraxa's technological capabilities.

Latest metrics from Meridian's operations on the Taraxa network show significant activity: - **Locked TARA**: 29.8 Million tokens (↑7.8M from December) - **USDM Minted**: $33,800 (↓$31,400 from December) The TARA/USDM liquidity pool continues to demonstrate protocol adoption. View current pool statistics at [TaraSwap](https://www.taraswap.info/#/pools/0x66c4c7a91f9c42259c52a415ebba9866bbb4179a).

**Meridian Finance** announces the launch of $USDM and Meridian Mint protocol on Artela Network, scheduled for January 29th. The launch follows ArtexSwap's successful mainnet deployment. - Users will be able to **mint**, **redeem**, and **trade** $USDM on ArtexSwap - Platform offers seamless integration with existing DeFi infrastructure - Full details available in Meridian's Medium article Visit ArtexSwap to participate in the launch and explore new DeFi opportunities.

Meridian completed its latest weekly buyback, purchasing 3,028 MST (0.03% of max supply) from Base and Telos liquidity pools. This follows last week's buyback of 3,312 MST plus 4,005 MST acquired by partners. The protocol recently launched a Buybacks Dashboard to track performance metrics including: - Purchase amounts - Revenue allocation - Transaction verification Notable recent developments: - Integration of Fuse network lending fees - First 2025 buyback totaled 6,527 MST (~$1,212) - Partner acquisition of 6,406 MST (~$1,192) **All transactions are verifiable** through the new dashboard.

Meridian Lend has reached significant milestones across multiple networks: - $150,000 TVL on Fuse Network, with $130,000 growth in 4 days - $1 million TVL milestone on Telos ecosystem Recent platform updates include: - Integration of wstETH (Wrapped staked ETH) with 3.2% base APR - New FUSE rewards program for lenders and borrowers - Revenue from Fuse operations will fund MST buybacks *Key markets receiving FUSE incentives:* - USDM - sFUSE - wstETH (boosted rewards) - USDT Users can bridge assets via Fuse Console Bridge powered by LayerZero.

Meridian continues its systematic buyback program with significant progress: - **Latest Buyback**: 6,338 MST tokens repurchased - **Previous Week**: 4,400 MST (~$480) acquired - **Total Since Nov 20**: 33,830 MST accumulated The repurchased tokens will support: - Long-term MST stakers - Strategic protocol initiatives - veAERO voter incentives - Tekika Adventure Season 1 rewards Revenue streams now include Taraxa project integration, with HelloTelos lending revenue to be incorporated in future buybacks. *All transactions verified on Basescan and Teloscan*