D2 Finance Grant Bi-Weekly Update
Date: Jan 24, 2024
I. Executive Summary:
a) Roadmap Progress
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D2 Finance has had a strong epoch performance (Dec 22, 2023 - Jan 19, 2024) with ETH++ earning a gross return of 20.11% (or 829.32% APR annualized) during the trading epoch
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Our ETH++ strategies have driven a total of $339.14k total volume through GMX since inception, with limited TVL caps.
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Extrapolating, we are on track to reach our next Milestone of $1m volume traded through GMX by Feb 15
b) Milestone/KPI Achievements
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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 was achived and surpassed
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On track to meet 40k in GM, with >50k in commits ready to deploy with our Rodeo Finance partnership
c) Dune Dashboards
Dune Dashboard: https://dune.com/d2_finance/d2-finance-analytics
II. Current Progress:
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The next ETH++ vault epoch will be deployed to coincide with the launch of our Rodeo++ vault. This Rodeo++ is a tactical vault is partnership with Rodeo to deposit upto 75% of TVL into the leveraged GM farms on Rodeo with balance in ETH++ making use of the GMX platform and opportunity for ARB incentives from 3 platforms
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D2 Token Relaunch will be announced on Camelot’s twitter spaces Jan 25
III. Community Engagement:
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Strong base community engagement as demonstrated by filling the vault caps for ETH++ immediately
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Expanding the community to certain WL Rodeo members for our targeted vault
IV. Partnerships and Collaborations:
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Partnerships with Lyra, Dolomite, and other blue chip protocols in progress
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The focus of D2 partnerships is to utilize the underlying protocols and provide real intrinsic value to both partners in the relationship