Welcome to this month’s Cod3x Community Newsletter!
October brought significant milestones across the Cod3x ecosystem, including exciting new educational initiatives, fresh yield opportunities, expanded rewards, and major updates across all our projects. From the launch of $cdxUSD, our new and novel stablecoin, to some big updates on Ironclad, we’re keeping up the momentum in bringing powerful DeFi tools to our community. Dive into each section to stay updated and discover new ways to engage with Cod3x and its expanding universe.
Cod3x
Events
We’re excited to introduce Cod3x 101, an educational series designed to break down each component of our tech stack in an accessible way. The series covers topics such as our new lending infrastructure, the Cod3x stablecoin, and the Cod3x app. Our goal is to provide a clear understanding of our entire stack so that you can get a comprehensive view of our platform before it hits the market. The first four episodes are live now on YouTube, with more episodes coming soon. Check them out here, and stay tuned as we continue to improve and expand this series over time.
Club Cod3x also made a comeback this month, launching in a fresh format that streams live on X, YouTube, and Discord. With topics ranging from Meme Coin Revelations and The Death of Ethereum to 3 Ways to Win the 2025 Bull Market and Are AI Agents Running Crypto, these sessions cover some of the most intriguing topics in the crypto space. Watch all episodes to get valuable insights and join the conversation:
News & Updates
Our points program officially launched, bringing new ways to earn rewards across the Cod3x ecosystem. Initially, the program will operate in “spreadsheet mode” until the Cod3x alpha release, but we’re providing high-value opportunities from the start.
Discord role holders can earn up to 10,000 points by engaging constructively, while Twitter content that tags @Cod3xOrg, such as memes, jokes, or threads, can earn creators 6,000 points weekly. Those joining Cod3x Club events are eligible for 4,500 points each week, and members who beat our very own @S4MS0N in a weekly game challenge can claim 25,000 points.
Additionally, we’ve added a weekly Discord invites competition, with 6,000 points up for grabs each week (3,000 points for 1st place, 2,000 for 2nd, and 1,000 for 3rd). Full details are available in our Journey to the Center of Cod3x blog post.
The CDX migration concluded successfully, with a big thank-you to everyone who migrated their OATH and GRAIN tokens to CDX, especially to those who chose to vest. The migration marks an important step for Cod3x, and we appreciate the community’s support in making it happen. For more information, check out our recent blog post on CDX.
Cod3x’s presence continues to grow with the creation of new communities on X and Reddit. Join us to participate, stay informed, and connect with fellow Cod3x members.
Announcements
In addition to our educational and community initiatives, we’ve gathered all Cod3x Whitepapers into a single, accessible location on GitHub. This includes documents on cdxUSD, Cod3x Lend, Money Market Strategy, and more, providing a comprehensive resource for those wanting to delve deeper into our ecosystem.
This month also saw the official launch of cdxUSD, our next-generation stablecoin, alongside its pairing with $MF. With over 7 million of volume in the first week, this is a major milestone for Cod3x, marking a significant advancement in our DeFi journey as we unlock a fully scalable system.
For more information on cdxUSD, please refer to the whitepaper on GitHub or watch the relevant episodes in the Cod3x 101 video series linked above. To learn more about $MF, visit them on X and join their Discord community.
Cod3x also saw the spotlight on multiple podcasts this month. Justin Bebis joined Capitan Rational to discuss the mechanics and implications of cdxUSD and Cod3x’s broader objectives. In another episode, Justin discussed building interoperable solutions on Optimism with the Optimism dev team. Catch the conversation about cdxUSD here and the Optimism podcast here.
Ironclad
Events
Ironclad introduced new single-sided ICHI vaults on Kim Exchange, offering users attractive yield opportunities with support for iUSD, ETH, and MODE. These vaults provide competitive yields paid in MODE, allowing users to take advantage of diverse yield-generating strategies.
To explore these options, visit Kim Exchange, filter for ‘ICHI,’ and review the vaults now available. For further guidance, Charles has prepared a helpful tutorial, which can be accessed here.
News & Updates
ICL stakers can now earn rewards in MODE, on top of the existing ETH and oICL, reflecting Ironclad’s commitment to offering real yield to the community. Mode Network recently announced the details of its highly anticipated Season 3, which introduces veMODE, a voting mechanism that empowers MODE stakers to allocate $2 million in incentives to Mode protocols with each epoch. Ironclad has positioned itself strategically, accumulating significant holdings through oICL and now ranking among the top 10 MODE holders on the network. This status allows us to influence network incentives, driving protocol growth while keeping ICL emissions at minimal levels. For more on Mode’s Season 3 launch, you can refer to their announcement here.
After the first round of voting (Epoch 1), Ironclad has secured 11,000 OP tokens for reward distribution over the next two weeks. These OP rewards will initially target ICL stakers, iUSD-USDC on Kim, ETH supply, ETH borrowing, USDC borrowing, USDT borrowing, and MODE borrowing. Rewards will be claimable via both Fuul and Merkl; please note that OP is non-bridgeable, so make sure you are connected to the Optimism network. Details around OP distribution and claiming will outlined in the Ironclad Discord shortly as the final integrations are finalized.
Announcements
Ironclad’s native token, ICL, is now live on the Base network. Users can bridge ICL between Mode and Base via Stargate, and an ICL-WETH pool has been established on Aerodrome. With vote incentives for veAERO holders and LP emissions beginning soon, we encourage users to participate. You can access the pool here.
With the initiation of Mode Season 3 voting, Ironclad will begin to subsidize its growth primarily through OP and MODE rewards, leading to a significant reduction in oICL emissions by over 60%. This approach aims to reward our community with blue-chip assets while safeguarding the value of ICL. For a more in-depth look at these changes, you can read our latest update here.
Ironclad’s Base deployment has expanded its collateral options, now supporting AERO, cbBTC, and native USDC. These assets can be deposited, used as collateral, and borrowed, providing users with greater flexibility and broader opportunities within the Ironclad ecosystem.
Lastly, the veMODE voting mechanism has officially commenced, giving participants the chance to vote for Ironclad and earn rewards. As part of these incentives, 400,000 MODE and 10,000 ICL were made available to those supporting Ironclad through their votes in Epoch 1. These recent developments reflect Ironclad’s commitment to delivering valuable opportunities to the community, and we encourage all members to stay actively engaged as we introduce more initiatives. Epoch 2 voting has just recently commenced, keep an eye out for a continuation of incentives for veMODE voters!
Aurelius
News & Updates
In partnership with Mantle, we launched Season 2 of the Methamorphosis campaign, inviting users to earn Powder rewards. By depositing cmETH or mETH in Aurelius, users can earn 20x Powder, while depositing in the mETH/aUSD pool on Cleo offers a 40x Powder boost.
Announcements
Aurelius has added cmETH to its lending module, allowing users to tap into the potential of restaked mETH for enhanced returns.
Lore
News & Updates
The oLORE discount has increased to 35%, and will continue to rise incrementally, reaching its maximum by 11/11/2024. Current oLORE options will expire on 11/25/2024, so we encourage users to exercise their options before that date.
The Scroll Token (SCR) is now available for deposits within the lending module. For now, it is deposit-only, with collateral capabilities on the horizon.
Community Spotlight
A special shout-out to community members like The Grand Tonto, P3pp3r, Timmy Turnes, RJK, Evo, and others whose involvement and dedication make Cod3x stronger. Your contributions help fuel our relentless pursuit of innovation.
As we close out this month’s updates, we want to thank each of you for your ongoing support, enthusiasm, and participation. The Cod3x ecosystem thrives because of our community’s dedication, and we’re excited to keep building together. Whether you’re staking in Ironclad, engaging in the Cod3x points program, or exploring new yield opportunities on Aurelius, every interaction strengthens our shared vision. Stay connected with us across platforms, and keep an eye out for even more initiatives and opportunities coming next month. Together, we’re pushing the boundaries of DeFi.