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6/7: The ArcherDAO integration is nearing completion, which will help prevent frontrunning attacks when purchasing DRC off the open market. We have also been working to ensure that our contracts can manage tokenized receipts for the Yearn integration, which will generate a constant revenue stream to DRC stakers via the affiliate fee from Yearn's Partnership Program. Once we finalize our integration with Yearn, we will begin full-scale testing of V2.1 on mainnet.



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6/7: The ArcherDAO integration is nearing completion, which will help prevent frontrunning attacks when purchasing DRC off the open market. We have also been working to ensure that our contracts can manage tokenized receipts for the Yearn integration, which will generate a constant revenue stream to DRC stakers via the affiliate fee from Yearn's Partnership Program. Once we finalize our integration with Yearn, we will begin full-scale testing of V2.1 on mainnet.

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A Telegram spokesman declined to comment on the bond issue or the amount of the debt the company has due. The spokesman said Telegram’s equipment and bandwidth costs are growing because it has consistently posted more than 40% year-to-year growth in users.

Telegram hopes to raise $1bn with a convertible bond private placement

The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.

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