GoldLink Protocol Grant Bi-Weekly Update
Date: 07/25/2024
I. Executive Summary:
The team has successfully deployed rewards claiming and additional marketing information around the ARB rewards program supported by the GMX grant and shifted to increasing our growth efforts with a focus on exposure for the protocol and rewards program. Through a combination of marketing, outreach and business development we’ve been able to nearly double both lending deposits and borrow volume compared to the previous two week period.
a) Roadmap Progress
- Deployed rewards marketing and claiming on UI
- Over 2x growth in Borrow and Lending Volume compared to the previous 2-week period
- Shipped fixes to frontend to clarify borrow experience
b) Milestone/KPI Achievements
- Lending Deposits : $900,715.16/ $1,000,000
- Borrow Volume: $269,835 / $500,000
c) Dune Dashboards: https://dune.com/goldlink_protocol/goldlink-protocol
All metrics below represent the period of June 12 - July 25, 2024, and are compared to the previous 2-week period.
II. Current Progress:
- Lending Deposits: $82,000 (+83.24%)
- Borrow Volume: $140,873 (+150.6%)
- Daily Active Wallets: 5.46 (+5.5%)
III. Community Engagement:
- Twitter Spaces with GMX Team
- Spotlight in Crypto New Project Newsletter
- 66 New Followers (+83%)
- 24 New Discord Members (+100%)
IV. Partnerships and Collaborations:
- TVL dashboard now being tracked on Defillama
- Exploring partnerships with yield aggregators to create vault lending directing into GMX FRF strategy