NEWOsletter
Written by: Molecularity, ultimatepro234, zoomeroracle
Intro
While the crypto market has gotten off to what we might charitably call a turbulent start to the new year, the New Order team has been steady focused- developing a robust community- driven DAO, and building the DeFi protocols of tomorrow. In moments like these, of high volatility and mixed macro sentiment, it is worthwhile reflecting on what qualities bring resiliency to a DeFi protocol.
While the NEWO token was only launched a few weeks ago, and has been subject to some of the price fluctuations commonly seen with young tokens- what you may not already realize is that New Order has been in development for over a year in the works, already. We are in it for the long game, frens- this ain’t our first rodeo.
New Order was founded by a core team with deep expertise in decentralized governance, treasury management, and dApp engineering and design. Enhancing the founding team’s reputation and core strengths are the contributor and partnership networks that are actively being built up to support growth of the New Order DAO.
With New Order’s radical transparency and decentralized governance process, our users are central to DAO decision making. Even at this very early stage, when many DAO projects are still holding governance cards close to the founder’s chests, the New Order core team has demonstrated an ongoing commitment to empower the community of tokenholders and DAO contributors. Significant governance actions have been proposed, and passed, to be responsive to community feedback.
These are the sorts of qualities that bring enduring resiliency to decentralized protocols- a strong foundation will sustain New Order through even choppier cross-currents than what we’re seeing today in the markets.
If you are reading this newsletter, anon, you are a part of our network. If you’re not sure if you are yet, continue reading- you are about to be initiated. What follows is a quick rundown of what we’ve been up to (sprinkled with a little alpha, for flavor).
Welcome to the New Order. We are just getting started.
DeFi Base Camp accelerator w/ Outlier Ventures
DeFi Base Camp applications are now open!
In partnership with Outlier Ventures,New Order has launched it’s highly-anticipated DeFi Base Camp accelerator program. The DeFi Base Camp accelerator will be an instrumental feature of New Order’s ongoing mandate to incubate a pipeline of high quality, early-stage web3 start-ups, with an aim of accelerating 8 to 10 New DeFi Projects in the first cohort.
The core program, run fully remotely, will be 12 weeks long, from April 2022 to July 2022. Applications are now open.
Selected applicants will be eligible for $100,000 immediate funding and up to $250,000 funding available per team as follow on funding, in exchange for 6% of company equity and/or future token supply. New Order will earn ownership positions in incubated projects through providing hands-on, early-stage support, which in turn will deliver intrinsic value to NEWO and tremendous growth potential and synergistic networking opportunities for the New Order.
The DeFi Base Camp will nurture teams whose business potential stems from leveraging and expanding the frontier of DeFi use cases, such as advancing multi-chain operability and advancing the development of novel asset classes. Of particular interest are projects which engage with the emerging notion of “MetaFi”, the convergence of innovations in DeFi, NFTs, gaming and beyond. In keeping with the investment thesis put forth in Outlier Ventures’ Metaverse OS Thesis, the DeFi Base Camp program seeks to incubate projects which will advance a web3 future that is open, permissionless and accessible to all.
Applicants selected to take part in the program will receive guidance and mentorship from New Order's existing network of builders, investors and smart contract developers, as well as from Outlier Venture’s global network of developers, founders, and experts from Top 50 protocols, thought leading enterprises in Web3.
The accelerator will provide support in areas such as business strategy, token design and tokenomics, legal framework, technical support, branding and position, community building, marketing, and communication, as well as helping with that vital initial fundraising, establishing strategic partnerships, and building a foundational support network.
If you or someone you know may be interested in participating in the DeFi Base Camp accelerator program, apply online or reach out to one of the NEWO core team members on the New Order discord with any questions.
OptyFi
OptyFi is a yield optimizer that is designed to bring capital markets-type efficiencies to the DeFi space. Applying Machine intelligence to yield aggregation,OptyFi vaults provide users with an opportunity to invest in the most profitable risk-adjusted yield strategy across hundreds of liquidity pools, dozens of protocols and multiple blockchains. OptyFi will be hosting exclusive vaults for New Order, a tool available to to be utilized in our treasury management strategy.
Alpha testing on the OptyFi vaults have now completed and were hugely successful. The Beta Vaults will be online from Monday, January 17th, and will be destined for a list of 200 users carefully selected based on their contributions to the community. If you’re feeling FOMO about the coveted WL opportunity- heads up: the OptyFi team will choose another 200 members over the next 30 days, rewarding members who are actively contributing to help generate momentum for the project. Hop in and get involved!
In Beta Vaults, users will have the opportunity to deposit USDC and WETH and test the platform, obtaining optimized returns + OPTY tokens in exchange. Beta Vaults will have no deposit limits (coff coff, whale detected), unlike Alpha Vaults. The OPTY token will be launched at the end of the Beta Vaults; the Team is working hard to optimize the launch by keeping short-term speculators out and benefiting long-term holders aligned with the project's vision.
H2O
Incubated by New Order in partnership with Ocean Protocol & Reflexer Labs, H2O is a stable asset backed by tokenized data that uses $OCEAN as collateral. By using the OCEAN (the native token of the Ocean Market) as backing, H20 will be the first stable token to be collateralized by datatoken assets.
Alpha testing on this novel project has been taking place over the last few weeks, and things are coming along “swimmingly” (see what we did there?). The team has selected and onboarded a highly qualified project lead, who you can expect to be hearing from soon. New Order has gotten the green light from Ocean Protocol & Reflexer Labs to undertake a “staged launch” strategy, beginning in early February, with a full launch expected around the end of February. Social Media & Discord accounts will be getting set up in the next 10 days or so, so keep your eyes open, and strap on your personal flotation device- the H2O levels around here are about to start rising.
[Redacted] Cartel
In just a few short weeks since launch, Redacted established itself as a formidable player in the DeFi landscape, accumulating influence in the Curve ecosystem and amassing a substantial war-chest (treasury). The Cartel is only just getting warmed up, though- the latest Redacted discord community call was bubbling over with alpha, and the team clearly has no intention of turning down the burner anytime soon. A few of the juiciest updates:
A proposal is dropping soon to execute operation Hidden Hand- an innovative, permissionless bribe marketplace for DeFi protocol vote-escrowed (ve) tokens. Think of it as an extension service of Redacted Cartel, which will deliver a significant new revenue stream to Redacted and introduce new vote-escrowed token mechanics to enhance rewards for BTRFLY stakers.
Redacted has also acquired Votemak, the bribe facilitator of the Tokemak ecosystem. The Votemak platform will become an important compliment to the Hidden Hand and enable Redacted to establish an early strong presence in the coming TOKE wars.
The Thecomsata Treaty proposal (A bilateral agreement between REDACTED CARTEL & Olympus DAO to increase liquidity of the OHM:BTRFLY liquidity pair) and corresponding Constitutional Amendment are on track to pass a governance vote.
Plans are actively being developed to expand wxBTRFLY cross-chain, beginning with Fantom and Arbitrum
Partnership proposals with other leading DeFi protocols are numerous and ongoing- including with: JonesDAO, EntropyFi, SquidDAO, Dopex, Reflexer, Tokemak, BribeDAO, PhantomDAO, Synapse
Governance Snapshot Votes
A selection of important proposals recently submitted to the DAO. for a full ongoing list, check out the Voting section of the New Order website.
Proposal: Double Vesting Periods and Add Cliffs
That vesting be extended for:
- All private sale investors & advisors to 2 years on a daily basis with a 6 month cliff effective immediately.
- Core team members to 4 years on a daily basis with a 1 year cliff effective immediately.
Proposal Passed:
FOR: 99.45% AGAINST: 0.55%
Proposal: Use Yield Vault Tokens for Governance
Should tokens staked in the Single Staking Vault have equivalent voting power to the tokens staked in the governance contract?
Proposal Passed:
FOR: 86.23% AGAINST: 2.56%
Commonwealth Forum
A selection of discussions, proposals and requests for comment active on New Order’s Commonwealth Forum:
Treasury Proposal from blk_7wan
https://commonwealth.im/new-order-dao/discussion/3301-treasury-proposal
veNEWO token locking system
https://commonwealth.im/new-order-dao/discussion/2977-venewo-system
RFF- Transitioning Ethereum LP to Olympus Pro
https://commonwealth.im/new-order-dao/discussion/3307-rff-transition-to-olympus-pro
RFF: Avalanche and Arbitrum Deployments
https://commonwealth.im/new-order-dao/discussion/3306-rff-avalanche-and-arbitrum-deployments
Community Calls, Twitter Spaces & Podcast Appearances
ReFi DeFi Podcast
Episode 4: NEWO & Redacted founders, Che & Sami
Twitter Spaces: Outlier Ventures
DeFi Vibes, No Roadmap #6
https://twitter.com/i/spaces/1MnxnkWldoLKO
Get Involved
If it wasn’t already clear now after reading this week’s newsletter, New Order is ramping up and shipping on multiple fronts. We’re on track to have a banger of a year- and with all these new project’s actively getting built out, we are recruiting talented and expeditious candidates to join our growing team. If you know someone who would be a great fit (and perhaps that someone is you!), please reach out to any of the New Order core team via Discord.