88mph Weekly Update 1/11/2021
Headline News
🛡 PeckShield Audit
Read their security audit regarding our current release and the upcoming ERC20 zero-coupon bonds: https://github.com/peckshield/publications/blob/master/audit_reports/peckshield-audit-report-88mph-v1.0.pdf
⛏ Liquidity Mining Round 5 announced
2,203 $MPH rewarded (157/d), coming straight from our governing treasury, no minting out of thin air, starting Jan 15, 2021, lasting 14 days.
👨🏾💻👩🏻💻🧑🏼💻 Rolling out the community Grant application system.
88mph will start utilizing the governance treasury for ecosystem, governance and community grants. Those three types of grants have the common goal of encouraging and developing the 88mph ecosystem and empowering the community. More details: https://medium.com/88mphapp/88mph-ecosystem-community-grant-round-1-8a2eff9c0855
🇨🇳 Chinese communities created
Creation of WeChat group and full translation of technical documents https://88mph.app/docs-chinese/
🍄 88mphapp x Mushroom Finance collaboration announced
Release of the Coprinus Field Vault Strategy: — Zero-cost on token approval (EIP-712) — Triple-Yield: $UNI + $MPH + $MM. — Deposit campaign. More details: https://mushroomsfi.medium.com/week-11-notice-of-mushrooms-ce27ccbe4d16
Key Statistics (as of 1/16 21:00)
🛹 💎 88mph Protocol Statistics
TVL: $7,583,591
MPH Total supply: 284,439 MPH
MPH Circulating supply: 175,762 MPH
MPH Staked in rewards pool: 19.1%
Historical MPH staking rewards: 13,240 DAI
⛏ 💦 Liquidity Mining (MPH-ETH)
TVL: $2,430,384
Distribution period: 1/16/2021 to 1/30/2021
Total reward: 2203 MPH
Daily reward: 157.3 MPH
Estimated annual ROI: 132%
🉐 $MPH Staking rewards
TVL: 54,331 MPH
Current distribution period: 1/13/2021–1/20/2021
Current period reward: 3,654 DAI
Daily Reward: 522 DAI
Estimated annual ROI: 6.25%
🏧 💹 Fixed Rate Deposits
sUSD
TVL: $125,850
Fixed APY: 9.86%
MPH Rewards APY: +36% (+52% Temporary)
USDC
TVL: $170,722
Fixed APY: 5.47%
MPH Rewards APY: +36% (+52% Temporary)
DAI
TVL: $330,358
Fixed APY: 3.54%
MPH Rewards APY: +36% (+52% Temporary)
UNI
TVL: $4,204,468
Fixed APY: 0.85%
MPH Rewards APY: +18% (+27% Temporary)
USDC
TVL: $252,570
Fixed APY: 3.65%
MPH Rewards APY: +36% (+52% Temporary)
3CRV
TVL: $356,328
Fixed APY: 4.90%
MPH Rewards APY: +54% (+77% Temporary)
CRV:HBTC
TVL: $103,690
Fixed APY: 3.27%
MPH Rewards APY: +33% (+47% Temporary)
CRV:HUSD
TVL: $1,209,450
Fixed APY: 4.02%
MPH Rewards APY: +54% (+78% Temporary)
yCRV (Harvest)
TVL: $527,964
Fixed APY: 3.55%
MPH Rewards APY: +51% (+73% Temporary)
yCRV (yEARN)
TVL: $4,826
Fixed APY: 4.14%
MPH Rewards APY: +0.19% (+1.9% Temporary)
crvRenWSBTC
TVL: $50,413
Fixed APY: 1.75%
MPH Rewards APY: +0.08% (+0.8% Temporary)
📣 88mph in the media:
Spanish Media: ‘Encantado de escuchar nuestros amigos de DeFi standard descrivendo 88mph https://twitter.com/DefiManiac/status/1349052276669886468’
Molly Wintermoot praises development team’s efforts: https://twitter.com/0mllwntrmt3/status/1349613691256373248
How 88mph could fit in the upcoming “risk-free” DeFi Cambrian explosion? Some insights here: https://tokenbrice.xyz/risk-tranching-defi/
Read our updated documentation to familiarize yourself with 88mph.
