Bridging the gap between TradFi and DeFi Issuing tokenized stocks on @Solana discord.gg/Pab8wcH5Yt
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Today we are announcing that Remora Markets will be winding down operations, effective immediately.
All Remora rTokens remain fully backed 1:1, as they always have. We are currently working on a redemption process to allow holders to redeem their tokens for USDC, and will share full details shortly.
Following recent events impacting our parent company, Step Finance, we explored paths to continue operating but were ultimately unable to find a sustainable way forward.
We are grateful to our users, partners, and the broader Solana community for their trust and support.
Further updates will be shared soon.
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As part of the wind up process, Remora has now made available USDC exit liquidity for Remora rTokens placed at market close friday pricing. Liquidity is deployed on manifest but is picked up by your favourite swap router Jupiter, Titan or others. Users are able to swap their rTokens at the current market price via these avenues.
Please IMMEDIATELY swap available rTokens for USDC as Remora is now being wound up and tokens are unsupported and will have no value. Thank you for your patience and support of our project.
- Remora Team
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Remora Markets retweeted
Join us NOW for Solana Weekly News where we're chatting about:
🏠 @zora coming to Solana
🐳 Jupiter whales voting against airdrop
🏦 Solana leading all chains in RWA holders
...and more!
nitter.app/i/broadcasts/1kJzDMMnj…
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Remora Markets retweeted
Join our AMA this Sunday at 15:00 UTC! 🎙️
Topic: Tokenized assets in prediction markets, integration on @solana, and @duel_duck & @RemoraMarkets plans
Speakers: @stan_duel_duck & @daddywarbucks
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Remora Markets retweeted
We are LIVE on X with a new episode of The Big Picture, chatting with @fiftyfly, founder of @truflation to discuss why government inflation statistics may be missing the mark.
nitter.app/i/broadcasts/1DxLdvvwN…
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Remora Markets retweeted
Got metals on your mind?
It might be time to get exposure through Remora’s rMetals on @solana
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Remora Markets retweeted
What tokenized assets are you most excited about coming onchain?
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The next evolution of metals:
Tokenized → Tradable → Predictable.
Pick the best duels about metals in the @RemoraMarkets x Duel Duck tournament!
duelduck.com/tournament/eaff…
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Remora Markets retweeted
Pick the best duels about metals in the @RemoraMarkets x Duel Duck tournament!
duelduck.com/tournament/eaff…
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Remora Markets retweeted
Is this... arbitrage ?
Right now premarket is higher for many
@RemoraMarkets stocks
as soon as market open happens price will jump up. When it does the @FlashTrade pool will get these latest (higher) prices from pyth and instantly arb the lower priced AMMs
so if you buy remora stonks now you make money in 3hours, like $TSLAr is like 409 when premarket is 413.57
just list your sell at a price just below market so bot will take you at open
pro tip innit
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