NEWOsletter
Written by: Molecularity, 0xAkina, Mitch, ultimatepro234
Introduction
Despite the noise of the market swings, New Order has kept focused, expanding the network and deploying the resources needed to ship ambitious projects. In DeFi, a week can often feel like a year. With that said, our contributors have allowed us to continue delivering successful projects. We’ve found that the contributors who help us cultivate the DeFi protocols of tomorrow are the types who have a big picture vision, and operate on a longer time horizon.
Here’s a quick rundown on all the latest developments:
DeFi Basecamp
New Order has launched its highly anticipated DeFi Base Camp accelerator program in partnership with Outlier Ventures. 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 initial fundraising, establishing strategic partnerships, and building a foundational support network.
If you or someone you know has a startup idea, please consider applying for the program.
You can apply online or reach out to one of the NEWO core team members on the New Order discord with any questions.
V2 Implementation
The rollover to V2 of the NEWO token has begun. All token holders need to take action to migrate from V1 to V2, so please follow the instructions at this link for further information on migrating. The most notable changes to come with V2 include an introduction of a cliff for the core team and investors, and a new longer vesting schedule for allocations. Further, Avalanche and Arbitrum LP’s are going to be available with subsequent implementation of vaults. Check out the recent Mirror post for a more detailed rundown of the improvements introduced with V2 of the NEWO token.
AMAs/ Public Discussions
On Feb. 2nd, New Order co-founder 0xSami did a Twitter Spaces event with @FarmerBrownDeFi. They discussed a range of topics, including the dynamics of stablecoins in a bear market, and the inefficiencies faced in DAO organizational structures. Catch up on the recording here! (Note: Audio kicks in about 5 minutes into the recording).
On Feb 3rd, New Order co-founder Edan Dalhiwal and Venture Manager Amber Shi took part in a live Q&A with Outlier Ventures. They aimed the discussion towards founders building DeFi focused projects that could be suitable applicants for the DeFi Accelerator Base Camp program. They start with the basic premise of, "What if you could compress 2 years of development time into the space of 12 weeks?" A recording of the talk can be streamed here.
Coming up on Feb. 9th, Next week Darren Lau (@Darrenlautf), founder of one of the biggest DeFi newsletters in crypto (The Daily Ape), will be New Order’s guest for the next Twitter space conversation. Don’t miss the alpha! Set a reminder to catch the discussion.
Projects:
[Redacted]
Upon launching less than 2 months ago, Redacted has set out to establish a significant position in the Curve/ Convex ecosystems, and is now the 3rd largest holder of CVX behind only Badger and Frax. In complement to the Cartel’s progress made in the Curve Wars, Redacted will also pursue a strategy to establish an influential position in the Tokemak ecosystem. In anticipation of the rollout of Tokemak’s imminent liquidity deployment, Redacted has begun to bond TOKE into the protocol’s treasury of governance tokens.
Going forward, Tokemak’s liquidity reactors will be managed using a permissionless model, meaning any protocol can initialize a reactor and/or serve as a liquidity director, provided the protocol delegates a sufficient amount of TOKE up-front. Stockpiling TOKE into the treasury will empower Redacted to spin up a reactor, direct liquidity in ways that accrue value for token holders, and advance the protocol’s greater strategic aims.
Other developments include a governance proposal to adopt a budget for a newly expanded contributor program, continued implementation of the Road to V2 proposal, and the approval of plans for Redacted to participate in the seed funding round of Jones DAO, an actively managed options strategy platform built on top of Dopex’s SSOV vaults.
H2O
In partnership with Ocean Protocol & Reflexer Labs, H2O is a stable asset backed by tokenized data that uses OCEAN as collateral. All H2O will be minted as the result of OCEAN being put into SAFEs as collateral in order to borrow H2O from the system. The governance token of H2O, Poseidon, will be distributed to relevant parties. This includes an airdrop of 4% of the supply to NEWO holders!
Operations are ramping up for H2O ahead of its anticipated launch scheduled for February 28. On the development side, pretty much everything is finished. The only thing that needs to be finalized is tweaking gas optimization parameters to make the protocol more economically efficient for users. The marketing team is creating content so that the community is educated about all topics H2O-related.
Stay on the lookout for the website, gitbook, and social media channels as more information will be released on February 14th - two weeks ahead of TGE. If you have any experience with content creation please introduce yourself in New Order’s H2O discord channel.
OptyFi
OptyFi is a yield optimizer that is designed to bring capital markets-type efficiencies to the DeFi space. They recently added the Convex Finance adapter to the USDC and WETH vaults on Ethereum mainnet. The engine is now able to rebalance across all convex finance vaults with the highest APY’s available.
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.
New Order is a permission-less community-driven DAO incubator for decentralized finance (DeFi ) projects. Community members lead the platform through an open and transparent voting process. It aims to fund early-stage DeFi applications and surround teams with talent and resources to fast-track growth and development. The New Order Constitution is a set of binding rules that determine what governance actions are legitimate for the DAO to take. Each article has examples of permissible and non-permissible actions.
(Closed - Yes - 94.28%)
Conclusion
Despite market conditions, the New Order team is focused on building valuable projects in DeFi. If igniting a new era of venture in the DeFi sector sounds like something you’d like to get involved in, reach out via Discord or our website, we’d love to hear from you!
Get Involved!