GoldLink Protocol Grant Bi-Weekly Update
Date: 08/08/2024
I. Executive Summary:
With the recent volatility in markets and drop in funding fees, we saw a dip in lending and borrowing volume in the last few days. We’re currently working on several efforts to bring in more consistent lending volume, including pool integrations and the launch of a mobile app. Additionally, we will be launching on Avalanche with the same GMX FRF strategy, with lenders and borrowers both expected to deposit capital on AVAX upon launch. We’ll also be adding additional markets in our ARB GMX strategy, allowing for increased borrow volume.
a) Roadmap Progress
- Slight drop in lending volume over the past few days($1M).
- Slight drop in borrow volume as funding rates reversed with market volatility.
b) Milestone/KPI Achievements
- Lending Deposits : $827,769.46 / $1,000,000
- Borrow Volume: $194,079.34 / $500,000
c) Dune Dashboards: https://dune.com/goldlink_protocol/goldlink-protocol
All metrics represent the period of July 26 - August 8, 2024:
II. Current Progress:
- Lending Deposits: $17,903
- Borrow Volume: $24,992
- Daily Active Wallets: 5
III. Community Engagement:
- Twitter Spaces with Dolomite and others
- 27 new discord members
- Multiple unprompted researcher tweets/threads promoting protocol
IV. Partnerships and Collaborations:
- Upcoming Avalanche launch with pledged borrowers and lenders
- Upcoming lending pool integrations with yield aggregator protocols
- Outreaching Twitter researchers for partner content