NEWOsletter
March 21, 2022 Edition
Contributors: Mitch, 0xAkina, Molecularity, ultimatepro234, AMBERZ.S
Introduction
Over the last couple of weeks a lot has occurred and we are here to inform you of some of the major developments. To start, more H2O developments are occurring over the next couple weeks and we will provide more information on Twitter, Discord, and Mirror. Redacted is shipping multiple products including Hidden Hand and Pirex. DeFi Base Camp applications are officially closed and community members can start to give feedback on a number of projects. We will be providing our community with a lot of updates over the coming months so stay on the lookout for those.
DeFi Base Camp
The application for DeFi Base Camp is now officially closed with 288 applications received. Along with the Evaluation Committee members, we have shortlisted 21 projects for the discord community to give feedback. You can access the list of the project here: https://airtable.com/shrVKkEACd7T3MWTb
If you wish to give your feedback on each of the projects, here is the aritable form: https://airtable.com/shrqAmKpAB5XCNtDD
Examples of the candidates include music futures, under-collateralized loans, decentralized credit risk computing, the synthetic assets protocol to aggregate liquidity, NFT pool to peer lending, DeFi index, on-chain asset management, etc.
On the mentor side, we have about 30 more mentors confirmed in the last two weeks, bringing the total number of mentors to 60 confirmed. The mentors are founders or management level from top defi protocols, liquidity providers, investors, and experienced operators. The detailed list will be shared when the program starts. Stay tuned for updates!
Projects:
[Redacted]
As [Redacted] Cartel works towards rolling out key V2 protocol features, anticipation is building for the release of Hidden Hand, [Redacted]’s bribe marketplace platform that enables DeFi protocols with vote-escrowed governance tokens, a mechanism to incentivize liquidity provisioning. Hidden Hand is one of a number of new primitives designed to deliver value to BTRFLY token holders (of which, New Order is one). The developer team building Hidden Hand has reported that the codebase has passed audits, the UI is being finalized, partnerships are being lined up, and initial release hopefully later this month.
A couple of initiatives which have passed the snapshot this month include Operation Strategic Asset Committee, a proposal to provide the policy team with the autonomy to acquire strategic assets on behalf of the protocol treasury, and a proposal to Burn 12.5 million unallocated pBTRFLY tokens. Also, in keeping with the Road to V2 proposal snapshot vote, BTRFLY staking emissions have been aggressively tapered down, to mitigate the dilutive effects of excessive inflation and the correlated downward token price pressure.
In the meantime, the Cartel’s dev team leaked a little alpha about another new primitive that will be shipping shortly after the release of Hidden Hand. Pirex is a new incentives platform for vlCVX holders that introduces exotic liquidity for bribes and vote escrow tokens. It’s powered by a liquid marketplace for futures notes that provide fluidity, flexibility, and optionality on locked token rewards. In its full featured release, Pirex will be designed to enable users of any protocol, on any chain, to tokenize their future yield and/or token holder rights and exchange them on a free and open market.
To read an abstract on how Pirex will work, head to the Pirex website, type “cat abstract.txt” into the command line on the screen, and hit enter.
OptyFi
OptyFi is known for their multi-chain, AI powered yield aggregator that allows a user to generate optimal returns on DeFi assets according to a predefined risk tolerance. The long-term vision is to provide the same opportunity across every decentralized asset. With that said, they just released information about implementing NFT vaults. An NFT vault can provide liquid, passive exposure to NFT themes such as Gaming and Metaverse. Furthermore, it will provide a passive opportunity for users to invest in a vehicle where experts equipped with cutting-edge technology are maximizing returns on investments.
The first NFT vaults include CryptoPunks and Bored Apre Yacht Club. The CryptoPunk vault is the genesis vault whereby only Whitlisted users will be able to access the vault for the first 10 days.
If you want to read more about OptyFi and the NFT vaults click on the following links:
https://medium.com/optyfi/the-need-for-nft-vaults-13aadc3bb1fc
https://medium.com/optyfi/the-cryptopunk-vault-is-coming-5ab0e03f383f
Governance Snapshot Votes
A selection of important proposals recently submitted to the DAO. If you want access to the full ongoing list, check out the Voting section of the New Order website.
February/march contributor rewards
Looking for community clearance on allocating 50k $NEWO as contributor rewards for February and March.
(Closed - Yes - 98.22%)
Conclusion
The purpose of New Order is to incubate and/or accelerate the development of new and critical decentralized finance projects. Besides all of the in-house incubated projects, creating a Basecamp Evaluation Committee is necessary to help launch 30-40 projects per year. If you want to keep up to date or are interested in contributing to the development of our Decentralized Venture Dao we invite you to follow our Social channels. If you have any questions, please feel free to ask them on Discord.