I'd like to introduce the first edition of DAT, the other half of DIS. DAT, which stands for Decentralized Application Technologies, focuses on the application side of things while DIS takes care of covering infrastructure related projects. Every week they'll be alternating. Reach the very end of this newsletter to get a surprise!
PoolTogether is a no-loss, audited, prize-linked savings (pls) protocol powered by ethereum.
PoolTogether has begun supporting Fortmatic as an authentication option. This means users could choose to use their phone or email to sign-up or login. During ETH Denver, PoolTogether partnered with Linkdrop to give away free tickets to attendees. The combination of LinkDrop and Fortmatic demonstrates a very seamless onboarding experience.
Most recently, PoolTogether announced that their protocol now mints plDAI and plUSDC tokens, essentially tokenizing tickets, in which tokens represents ownership of tickets eligible to win prizes and a claim on the asset deposited. This means a user can easily send and receive tickets. By leveraging the Linkdrop SDK, they created a chatbot to give away free tickets, demonstrating how simple it is to share PoolTogether tickets.
A few weeks ago, someone who bought $10 worth of no-loss tickets by depositing 10 DAI won the largest pool prize, so far, containing $1648 DAI! That represents a 164.8x return, although this person had a 1 in a 69, 738 chance of winning.
If you listened to the recent EthHub podcast with Pool Together, you’ll find out that they planned to build out new features while hacking away at ETH Denver. Soon, ticket holders will be able to form pods to collectively increase their chances of winning. This is a very similar tactic to co-workers or family members pooling together funds to buy lottery tickets. Then, if they win, they’d split the winnings proportionate to their stake.
On February 4th, Pool Together announced the launch of a daily prize pool that uses the stable coin USDC.
It was seeded with $200,000 of Sponsored USDC, which partially came from the $1.05 Million funding round led by IDEO CoLab Ventures with participation from ConsenSys Labs and DTC Capital. This funding has also enabled PoolTogether to charge zero fees, create larger prizes with sponsored DAI, and improve security by contracting some of the best security auditors and increasing its bug bounty program.
That’s what you call commitment, and putting your money where your mouth is!
Sablier, the protocol for real-time finance on Ethereum, provides a beautiful web interface for continuous, autonomous, and trustless payroll.
At the end of last week, Sablier shipped Sablier.Me. It’s a user-friendly extension of the Sablier interface that leverages 3 Box and Ethereum Name Service to build Sablier user profiles. A nifty feature they’ve included allows users to create a request link that pre-fills the amount and time frame for their stream. This would be great for paid newsletters and other services!
Gilded has become one of the first businesses to accept real-time streaming payments via Sablier. In other words, this means users are now able to stream money on a per-second basis instead of paying a subscription upfront on a per month cadence. It’s a paradigm shift on how payments operate, and the use-cases are nearly limitless. Curious about how they used their first stream? Follow this twitter thread.
To make money streaming even easier, Sablier added a KyberSwap widget in their web interface. This allows users to swap essentially any token for a token that’s streamable on Sablier.
They've also integrated RampNetwork, an fiat to crypto on-ramp solution. It provides users the ability to buy DAI with Pound Sterling (GBP), then begin a Sablier stream all in one go.
People are experimenting with Sablier in radical ways. For example, an Aragon DAO is leveraging Sablier to stream a salary to a token holder. Can you imagine getting paid every second?
And to see a detailed report of your stream, you can visit Sablier’s “Details” page, which could be imagined to be like an invoice that updates in real-time.
Sablier added support for $LINK after a user requested it. This means people could stream vendors or ChainLink node operators their $LINK payments.
Do you want to learn the basics of Sablier? Play the Sablier Gitcoin Quest! If you are building away at a hackathon near you, and want to include money streaming into your application, check out Sablier’s documentation.
Roll is blockchain infrastructure for social money. It provides content creators with the means to mint branded digital tokens and launch a social money economy.
Social Money is being used in many, very creative ways!
You can now stream social money on Sablier, including, but not limited to $ALEX, $CALVIN, $CAMI, $CNSL, $DUDE, $FORCER, $HUE, $JULIEN, and $STANI. You can also redeem NFT art on OpenSea in exchange for $NIFTY or pay $HUE for access to a CryptoVoxels parcel art gallery. You can even use social money to stake your attendance with a kickback event.
A hackathon spontaneously emerged on Twitter called #CalvinHacks sponsored by a variety of social monies and DeFi tokens.
DeFiZap has developed an expedient, seamless way for social money issuer to create a pool and kickstart liquidity. Alex Masmej took advantage of this to generate and incentivize liquidity into his $ALEX pool.
To make onboarding to token-driven, open communities even easier Roll has partnered with Fortmatic on their social money exchange, which means all you need is a number or email to begin the trek across the web2 to web3 bridge. On the Roll social money exchange, you can trade aDAI, an interest-bearing stable token, for social money listed above.
If you continue reading to the very end, you’ll be able to claim $DISDAT!
Dharma is powered by an upgradeable, meta-transaction enabled, non-custodial, multisig smart wallet for earning interest on stablecoins through leveraging the Compound protocol.
Dharma went live on the iOS App Store!
Earlier in February, Dharma introduced the dToken. It enables Dharma to make money alongside their users through a “skin-in-the-game” continuous fee model. However, Dharma only earns this fee when its users earn interest on their deposits. The fee represents one-tenth of interest being earned. This is accomplished by creating an ERC20 token wrapper around Compound cTokens known as dTokens.
Linen App provides a non-custodial wallet and allows you to connect your US bank account to supply USDC to the Compound liquidity pool.
In the February community update, Linen App shared they’ve experienced an average 10% week over week growth totaling 4,200 app downloads and 20% average weekly growth in deposits to the Compound USDC liquidity pool. Of the users, they’ve onboarded, 95% say they’ve never heard of DeFi; yet, they are now comfortable enough to use a self-custody wallet to make deposits to Compound using Wyre. Other important metrics they’ve shared include batching 200 users to privately beta test its iOS app, receiving 220 ambassador applications, and having 3500 rewards program participants.
There are still 56 days left to participate in Linen App’s sharedrop on Republic. They’ve allocated up to $300,000 worth of Linen App equity to early supporters who download the app and invite their friends to join them. So far, only $13,638 of equity has been claimed.
BuenBit provides a new way for users to protect their savings by leveraging DAI and earning interest on deposits. They are an official DAI partner for all of Latin America.
By serving the Latin American market, BuenBit can play an important role in helping their Argentinian users protect their savings against the Argentine Peso devaluation and inflation.
Idle, a DeFi rebalancing protocol, allows users to access the best market interest rates through a single token that spreads your funds across multiple protocols and automatically rebalances to maintain the highest interest rates.
The Idle smart contracts suite, includes:
- Dynamic Fund Allocation (DFA) mechanism
- New smart contract architecture
- Decentralized Rebalance
There’s also more available stablecoins, such as DAI, USDC, and SAI.
Set is a protocol that bundles crypto-assets into tokenized baskets that are programmed to automatically restructure based on trading logic.
Set Protocol announced the launch of the LINKRSI set on TokenSets, with rebalances powered by the integration with ChainLink’s $LINK/$USD price oracle. This makes LINK the first cypto-asset, other than ETH and BTC, to be supported on TokenSets.
The LINKRSI set uses a crossover strategy on the ChainLink Relative Strength Index (RSI) oscillator indicator.
Presearch is an open, decentralized search engine that rewards users with PRE tokens who search through the platform.
If you are interested in learning more, check out this keyword staking strategy post prepared by Presearch. Currently, the top staker for each keyword will receive free traffic until early 2021. This is an opportunity for Web3 marketers of startups, applications, games, and newsletters to dominate keywords and drive traffic.
SkyWeaver is a trading card game from another dimension.
Patch #36 came with a handful of improvements and fixes, and of course new cards. Most importantly, it has improved rec-connection logic so games are now more stable. Grand Master rank has been renamed to Grand Weaver (great choice), as well as, turn start and end has also been renamed to Sunrise and Sunset, respectively.
At NFT.NYC, Horizon hosted a live Sky Weaver tournament powered by Infura, organized by Chris Gonsalves, and sponsored by MakerDAO. It had a 1,000 DAI prize pool and up to 100 silver SkyWeaver cards up for grabs. Congratulations to @MaxTheRipperHS for taking home first place, and to Terrence for winning second place!
Thanks for reading! Claim $DISDAT tokens 💸💸💸
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