**D2 Finance Grant Bi-Weekly Update **
Date: Dec 27, 2023
I. Executive Summary:
D2 Finance has launched a flagship ETH++ vault market on Camelot. This enables users to gain exposure to the D2 complex trading strategies in a simplified manner (simple as swapping a token). The launch is limited (capped) to $40k TVL during this epoch as part of the risk management roll-out procedure.
Within the ETH++ vault, both perp trading and GM pool utilization are used to take advantage of market opportunities.
With $40k TVL in the ETH++ vault, we are on track to generate $200k trading volume and have traded over $10k per day (on average)
a) Roadmap Progress
- Milestone 1 - Dec 22nd - Launch of Vaults for Public :: 12.5K ARB
- ETH++ Launched to the Public D2 Finance: ETH++ Market Launching on Camelot | by D2 | Dec, 2023 | Medium
b) Milestone/KPI Achievements
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Milestone 1 - Dec 22nd - Launch of Vaults for Public :: 12.5K ARB
- ETH++ Launched to the Public D2 Finance: ETH++ Market Launching on Camelot | by D2 | Dec, 2023 | Medium
- $40k TVL cap was hit
- Averaging $10k trading volume per day since launch
- $40k Vault TVL cap was filled
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Milestone 2 - Jan 15th - Target TVL 40k , Target Volume 200K in GMX for the period (22 Dec 19Th January):: 12.5k ARB
- On track to meet 200k in GMX for the period (22 Dec 19Th January) → traded over 10k average daily (relative to Vaults
DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker) - On track to meet 40k in GM (7K already allocated directly ARB and SOL pair, balance 33k ready to allocate as soon Rodeo opens its AUDITED implementation) (relative to Vaults) DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker)
- On track to meet 200k in GMX for the period (22 Dec 19Th January) → traded over 10k average daily (relative to Vaults
c) Dune Dashboards
- Engaging with partner to create reporting dashboard
II. Current Progress:
- See Milestone / KPI achievement section above.
- Our focus for this reporting epoch is to achieve Milestone 2 - Jan 15th - Target TVL 40k , Target Volume 200K in GMX for the period (22 Dec 19Th January) which we have aligned with our vault epoch.
- 1 $ARB received as test transaction from GMX, waiting on first milestone incentives to be used to further incentivize the vault.
III. Community Engagement:
- Re-introduction of rebranded D2 Finance complete
- Strong community engagement with long term supporters ad D2 Rangers (large stake holders)
IV. Partnerships and Collaborations:
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Partnered with Rodeo Finance to utilize their leveraged GM pools for trading limited to ~2x leverage. Integration and deployment will be finalized upon their launch of fully audited Farms
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Engaged with Dolomite to integrate their lending / borrowing markets