# D2 Finance - Grant Bi-Weekly Update

**URL:** <https://gov.gmx.io/t/d2-finance-grant-bi-weekly-update/3202>\
**Category:** GMX Grants Reports\
**Created:** [February 7, 2024, 3:07pm UTC](https://gov.gmx.io/t/d2-finance-grant-bi-weekly-update/3202 "2024-02-07T15:07:32Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![D2.Finance](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/d2.finance/32/686_2.png) [@D2.Finance](https://gov.gmx.io/u/D2.Finance)\
**Post date:** [February 7, 2024, 3:07pm UTC](https://gov.gmx.io/t/d2-finance-grant-bi-weekly-update/3202/1 "2024-02-07T15:07:32Z")

</div>

Projects that receive a grant courtesy of the GMX Grants Program are required to use this Template.

**[Protocol Name] Grant Bi-Weekly Update**

**Date: Feb 07, 2024**

**I. Executive Summary:**

**a) Roadmap Progress**

 
**- D2 token has launched and entered closed price discovery (no selling from xD2 holders until Feb 15)**

**- xD2 vaults have been prepped and set the stage for xD2 wars (re-stakable token mirroring D2 tied to the performance of the vaults)**

**- D2 Finance has entered a new trading epoch for ETH++ and Rodeo++, set to run until Feb 26**

**- Rodeo++ sold out inital $80k cap with additonal closed cap prior to AMA with GX tomorrow**

 

**b) Milestone/KPI Achievements**

 
**- D2 Finance has traded $760.04k total volume within GMX V2 and is on target to meet our next Milestone of $1mil notional volume by Feb 15, 2024**

 

**c) Dune Dashboards**

- $760.04k total volume within GMX V2  
[https://dune.com/d2\_finance/d2-finance-analytics](https://dune.com/d2_finance/d2-finance-analytics)

**II. Current Progress:**

Rodeo++ Launched and Epoch started  
ETH++ New Epoch  
D2 token launched  
xD2 introduced [xD2 Wars: Real Yield, More Yield, Power | by D2 | Feb, 2024 | Medium](https://medium.com/@D2.Finance/xd2-wars-real-yield-more-yield-power-7a9a221658e5)

D2 has traded more than $2mil notional volume through Arbitrum with \<$200k liquidity in the closed PoC phase and greater than $1mil volume in the last epoch with ~130k TVL

D2 has met with over 20 contacts in the HK and Singapore market to onboard institutional sticky capital

**III. Community Engagement:**

- Introduced the xD2 benefits for D2 Rangers to help shape the protocol

- DAO legal structure nearing finalization

- List item

**IV. Partnerships and Collaborations:**

- In discussions with both Lyra and Premia for direct integration of SDK into our trading framework and partnerships to expand options liquidity and arb opportunities

- On-going discussions with Dolomite to integrate their lending market into D2 V3 vault architecture

- Working with Chainlink to integrate CCIP for cross chain deposits into vaults