Since we launched in June this year, we received great support from the community and achieved some amazing milestones. At the same time, a lot has happened in the ecosystem.
Apart from the exponential growth of overall users across protocols, the rapid pace has paved way for innovation and experimentation. At the dawn of DeFi 2.0 (is this a meme?), it has become imperative for protocols to rethink their product approach and constantly innovate.
In this quest, the time has come for StableGaj to take a clue from what is happening around and expand its horizon.
Time to Rise and DeFi
Beginning 23 October 2021, StableGaj will be known as Taksh - taking all StableGaj users along with it at the new dawn of DeFi.
We have been working for months to get all-star aligned for this day. Taksh means to rise. Taksh means to invent. We intend to live up to this meaning and bring innovative products to the DeFi space.
Before you understand more about Taksh, here are some crucial points you need to know.
StableGaj ---> Taksh
Flagship StableGaj offering, StableCoin Swap, is deprecated after a governance proposal on the same was passed.
Current community channels will become legacy channels. We will keep them alive as support channels for some duration and they will be deprecated once all community migration is done.
Below channels will become legacy channels and won’t receive any new updates:
New Taksh community channels you should follow for new updates and all communication related to the project:
We welcome you to join all our community channels and become part of the Taksh journey.
Current stablegaj.finance will become legacy DApp in a few days. As of now, our ‘Farm’ offering is active and it will be kept active for the next few days.
$SGAJ token is also getting rebranded to $TAKSH. We will soon launch a migration tool and other details. As of now, you don’t need to do anything. Stay tuned on our legacy channels for updates regarding the same.
At any point during this transition, if you have any questions or face any difficulty, please reach out to any of our legacy community channels.
We are taking all measures necessary to make it a smooth transition.
Now, more about Taksh!
Rise With Taksh
DeFi ecosystem is evolving in rapid space, creating a breeding ground to innovate and bring unique DeFi strategies. After following developments in the closing and multiple discussions with DeFi veterans, we started brainstorming on how we can do our bit to push the ecosystem forward. Piece by piece things started aligning and our rough ideas got more solid shape.
Taksh will be building a reward system to help users maximize their yields and savings through compounding rewards and yield farming. Taksh will be multichain.
In our pre-seed round, many web3 veterans have joined us.
Product building is happening in a rapid space and you will get to know more updates on that front soon.
Time has come for you to Rise with Taksh!