88mph Weekly Update — 2/28/2021
Find out what happened last week in 88mph’s ecosystem.
0️⃣🏦 Zero-Coupon Bonds Released
After months of hard work, the team is excited to finally release the zero-coupon bonds feature for 88mph. Zero-coupon bonds will provide liquidity to depositors, derisk the floating-rate bonds, and enable the first structured products in DeFi. Structured products will allow DeFi users to speculate on crypto prices at no cost, and even earn yield at the same time. At launch, there will be zero-coupon bonds for the Compound UNI pool and the Harvest 3CRV pool. Audits available here and here. 🥳
https://medium.com/88mphapp/88mph-zero-coupon-bonds-bfc70af6ba93
🦎 CoinGecko Explainer
CoinGecko kindly made a visual explainer of how a user interacts with the 88mph protocol, alongside detailing how we fit into the burgeoning ecosystem of fixed-interest rate protocols.
https://coingecko.com/buzz/fixed-interest-rate-protocols
🌃 ManWithNoName Showcased
@_Man_WithNoName, the resident NFT creator for 88mph was featured in CoinGecko’s weekly NFT focus. Fully deserved; the 88mph community appreciates all the dope cyberpunk art that helped propel us into the DeFi stratosphere! A fitting farewell as 88mph begins a new collaboration…https://twitter.com/coingecko/status/1364927855583367170
Notes: since the launch of 88.0 FM 4 weeks ago, MWNN sold 65 NFTs inspired by our dynamic webradio fluctuating according to the 88mph’s TVL.
🤝 New NFT Collaboration — Warakami
88mph is extremely pleased to announce a new collaboration with Warakami. His aesthetic forced us to reach out to him and commission the awesome creation “Internet Bank 1985 — OS Update”. The NFT is available in 88 editions here: https://app.rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:159366:0x4ddc4a3b6813436e5d2ca27a9ac0be92bf3df0d4
🦉 Defi Pulse Listing
88mph is now listed on Defi Pulse, the powerful one-stop shop for viewing DeFi statistics. Visit the site for a detailed breakdown of 88mph, and its daily TVL stats (in $ and UNI terms): https://defipulse.com/88mph
📻 88mph.fm Playlist Update
The most vibes crypto radio station improves further; @AcidArcadeMusic’s first LP ‘Walk Alone’ is added to the mix. Whoever has the AUX, put it down and walk away, your background browser music is already sorted. https://88mph.app/fm/. More featured artists will be announced soon.
🛡 Rewards mining on Cover Protocol
Current yield: 157.97% APY in $MPH https://app.coverprotocol.com/app/rewards
🧠 88mph Support Network grows
Each week onboarding more gigabrain investors into the 88mph Family; a warm welcome to CMSholdings, yet another thruster to add to the rocket.
🍿 CMS Intern Studio: https://twitter.com/cmsintern/status/1364989986488090626
🐸 “Crossing the Chainlink’s Belt “ NFT
3 $aLINK v1 pool OGs received our Link NFT created by ManWithNoName.
- 0x2fd0476478c01d0472b264e27f9d3c1b30dada2a
- 0x25544adfaa69c3d5525a1aea29c46c452669f9ee
- 0xb1adceddb2941033a090dd166a462fe1c2029484
https://app.rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:171230
🈴 Community Grant applications on REQ Network.
A complete revamp of the Community Grant systems has been released. By utilising Request Network, 88mph is ensuring that all grants are legitimate, transparent and on-chain. The new system is integrated into the website here: https://88mph.app/funding. Additional details about the grants here: https://medium.com/88mphapp/88mph-ecosystem-community-grant-round-1-8a2eff9c0855
💰 Weekly MPH staking rewards; Feb +222%!
Weekly $MPH staking rewards are now $12,371 DAI. Pro Tip: withdraw the DAI rewards, reinvest into the front page to earn more DAI + MPH!
Total for Feb: 61,354 $DAI (+222%)
Total for Jan: 19,077 $DAI
TVL: 87,146 MPH
Current distribution period: 2/27/2021–3/6/2021
Current period reward: 12,371 DAI
Estimated annual ROI: 8.85%
🦄🍣🐸 United Farms UI
If like Nikolay, you think that roads are BS, that we don’t need them, and you love fractal cucumbers, then you’ll probably have a crush with our new United Farms UI. It ain’t much but it’s honest work https://88mph.app/farming
⛏💦 Liquidity Mining Round 8 Announced.
2,203 $MPH rewarded (157/d), lasting 14 days. These MPH come directly from the governance treasury, no additionally minted tokens. Stake your LP tokens on https://88mph.app/farming/.
New LP depositors will receive the ‘Doc’ NFT by _Man_WithNoName in 7 days time. https://twitter.com/88mphapp/status/1365372112278544388
