# BitU Protocol Monthly Roundup: July 2024 By [BitU ](https://paragraph.com/@bitu) ยท 2024-07-31 --- Welcome to BitU Protocol's inaugural monthly report. In this first edition, we will review all our achievements over the last few months to let readers know of all the progress we've been making. Follow us on [Twitter](https://twitter.com/bitu_protocol) and [Discord](https://discord.gg/4bRBGvCTan) to get the latest updates. The big news this week has been the announcement of our [yield distribution and transparency page](https://x.com/BitU_Protocol/status/1818237162556682586) launch. $sBITU holders are currently earning **11.04% APY** and can review a breakdown of our yield metrics and distribution transactions at the transparency page [app.bitu.io/transparency/sbitu](https://app.bitu.io/transparency/sbitu). DefiLlama also announced that they are now tracking $sBITU [yield](https://x.com/BitU_Protocol/status/1818480039014678864), in addition to tracking BitU Protocol's [TVL](https://x.com/BitU_Protocol/status/1806142683301515311) that was announced at the end of last month. We've also spent some time refining our message, organizing our documentation, and expanding our long term goals for the future of the BitU Protocol. Please view our [docs](https://docs.bitu.io/bitu) to see the changes. We've had a number of smaller updates earlier this month, including a runner-up [placement](https://x.com/BitU_Protocol/status/1816351525142470746) in BNB Chain's TVL Incentive Program, a mention in [CoinDesk's](https://x.com/BitU_Protocol/status/1813872028119953527https://x.com/BitU_Protocol/status/1813872028119953527) feature article, a [discussion](https://x.com/BitU_Protocol/status/1811306762282402161) with Huobi and others on Twitter Spaces, and a [listing](https://x.com/BitU_Protocol/status/1807665923974967378) on MathWallet's dApp store. June was a very eventful month for BitU Protocol as we had a number of achievements. Shortly after launching, we quickly grew to reach $[23M](https://x.com/BitU_Protocol/status/1800557769248080368) TVL. This was also on top of the announcement for our ongoing [Founding Minters program](https://x.com/BitU_Protocol/status/1799046293958062180) where qualified users can [apply](https://bitu-protocol.typeform.com/Minters) to deposit and mint $BITU to earn part of the 40% share of tokens allocated to the community, in addition to the USD denominated real-yield if they stake in the staking vault. We also announced our partnership with [Ceffu](https://x.com/BitU_Protocol/status/1801584752291680568), an enterprise-grade custody and liquidity solution built for institutions, to integrate their MirrorX solution for off-exchange settlement. BitU Protocol also [joined](https://x.com/BitU_Protocol/status/1802906818655740084) the BNB Chain Builder Economy Genesis. Two articles were also published last month, with one being a [primer](https://x.com/BitU_Protocol/status/1800169084799336714) on BitU Protocol and another focusing on BitU Protocol as a [hedge](https://x.com/BitU_Protocol/status/1803357142075764738) against debt, inflation, and uncertainty. These articles accompanied a previous one on [CeDeFi](https://x.com/BitU_Protocol/status/1790746022106329111), which was also the topic of a Twitter [Space](https://x.com/BitU_Protocol/status/1789983441833914556) with BNB Chain and others. * * * [Apply now](https://bitu-protocol.typeform.com/Minters) to become a $BITU Founding Minter and secure your place in the history of BitU Protocol while earning part of the 40% share of tokens allocated to the community. Visit our [website](https://www.bitu.io/) for more details. Make sure to stay connected with us on [Twitter](https://twitter.com/bitu_protocol) & [Discord](https://discord.gg/4bRBGvCTan) for the latest updates and community discussions. --- *Originally published on [BitU ](https://paragraph.com/@bitu/bitu-protocol-monthly-roundup-july-2024)*