Monthly Routine (October 2022)

4 min readNov 3, 2022

In the month of October Francium integrated several protocols. We have also participated in certain AMAs’. Apart from that Francium is actively organizing community-based activities, the details of which are as follows:

Integrations

Backpack Wallet :

Francium supports BackPack wallet. It is meant to be much more than just a wallet — a full platform that allows users to store tokens and act as an operating system to launch blockchain apps. Backpack wallet is an interactive, first-of-its-kind crypto wallet that will allow users to hold NFTs that can launch mini-applications by becoming executable NFTs, or xNFTs. As a result, these NFTs will become gateways to applications inside of Backpack and represent a portal to applications, games, or assets built on any chain.

2. Pyth :

Francium now takes price feeds from Pyth. Pyth connects high-fidelity market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. They deliver a decentralized, cross-chain market of verifiable data from first-party sources. Pyth is giving DeFi comprehensive access to the vast amount of hi-fi financial services data it needs to make smart contracts work smarter.

3. Snowflake :

Francium has integrated Snowflake, it is a secure and feature-rich multisig platform on Solana. A multi-signature wallet that allows a group of users to approve a transaction before it can be executed. Many individuals and teams desire to have multiple parties sign off on a transaction, such as payments or withdrawals before it can be executed. This allows for more robust security, as it spreads the responsibility of your digital assets to multiple parties, and avoids a single point of failure in the case of a compromised individual or wallet

4. Squads:

We have integrated Squads Protocol which is the multi-signature wallet standard on Solana, which gives web3 teams and secure individuals full control over their treasury, programs, and tokens. Squads Protocol is building the tools necessary for web3 teams to manage their treasuries and program upgrades all inside one easy-to-use interface; or as we like to say, all inside their Squad.

Ask ME Anything

Penguin Finance :

We attended an AMA hosted by Penguin Finance. We discussed what kind of features makes Francium stand out from others. We mentioned that stop-loss or price range, Yield Farming Calculator, and Farming Strategies like Pseudo-Delta Neutral Hedging Strategy are distinct features. Francium also offers three Templates of different leverages to assist users in opening farming positions: Long Farming, Short Farming, and Neutral Farming. We discussed that PDN strategy is a great way to capture profits while keeping your position neutral. Francium rebalances a PDN position with just ONE-CLICK . And Francium’s Roadmap encompasses fix-rate lending, user-friendly tools and one-click vaults coupled with more automation. We are looking beyond AMMs and their xyk model of liquidity for yield.

2. OKX Ventures :

We had a twitter space with OKX where we introduced Francium as a DeFi yield strategy platform built on Solana. Francium offers a variety of strategies for both users and strategy builders. For the users, we offer automated strategies including Leveraged Farming / Hedge Farming, DeFi Combination Strategies, and Smart Trading Strategies.

We answered the question regarding buying more assets and when you expect the bear market to end. We said that the bear market this time may still last for a while, it is related not only to the crypto industry but also what happening in the world, it’s a global phenomenon. The bear market is a period, only strong protocols with determined mind can survive.

We emphasized that we provide another option other than investing in certain assets and expose to the risk, we have a risk-free earning strategy, which is Pesudo Delta Neutral Hedge strategy, hedge that work during bear markets. PDN is the strategy that takes a long and short position in an asset simultaneously to minimize the effect on your portfolio when the underlying asset’s price moves.

Ongoing Activities

Long-lasting Bug Bounty:

Whenever a new feature or strategy is launched Francium invites its users to test it. This activity is known as long-lasting bug bounty activity. The features could be tested at https://preview.francium.io/app website before it’s integrated into the main website. By participating users could win $USDC and Contribution points.

2. $SOL/stSOL Lending Pool Incentive Event:

We’re partnering with Lido to give $LDO rewards to $SOL and $stSOL lenders. We offer one-click button for users to stake + lend $SOL as $stSOL on Francium. Or you can simply lend your $stSOL to earn lending interest + extra $LDO rewards.

Plan for November

We are testing some new automatic vaults that could help users easily invest in a one-click manner, and some new protocols are also planned to cooperate with this month. Stay tuned and keep eye on what Francium delivers!