Ricochet Community Call Recap

4 min readDec 28, 2021

This is a text digest of what was discussed on our community call #10. Check out the recorded call and subscribe to our YouTube here: https://www.youtube.com/watch?v=oQOspoSGHKY

Find us on Twitter: https://twitter.com/ricochetxchange

To check out the suite of Ricochet products or start streaming check us out here: https://app.ricochet.exchange/invest

Gnosis Safe Integration

Gnosis Safe is a great way to manage your assets if you are a DAO so you can fully customize how your company manages their crypto assets.
Transactions on Gnosis give teams the option for multi-sig to confirm transactions.
Dollar cost averaging is a great way for DAOs to safely enter into their crypto asset of choice without having to try and time the market. That’s where Ricochet Exchange can assist.

Ricochet x Index Coop

We are excited to be in talks with Index Coop to ship a rexMarket for their products.

They align with our mission to bring simple, automated, and effortless investing to the masses.
Index Coop has products such as the Defi Pulse Index and Metaverse Index that gives the average investor an easy way to invest into different sectors of the crypto market.
They also rebalance the portfolio automatically so you don’t have to take all of that research on yourself.
The ultimate passive investing strategy will be dollar cost averaging with Ricochet into these indexes over time. Allowing blockchain experts and the team at Ricochet to do the heavy lifting while you relax, knowing you are streaming into some blue chip crypto investments.

Business Recap and Outlook

Arbitrum and Optimism coming to Superfluid, this will bring wider adoption of real time investing to the Ethereum community and beyond
Token Listings on Coingecko and Nomics: https://www.coingecko.com/en/coins/ricochet
$USDC → $IDLE rexMarket rewards prolonged as rexLP is removed for technical difficulties (extra rewards from LP now going to rexMarket streamers into $IDLE)

rexBank

Steps towards streaming borrowing/lending are being made.
Stream funding the bank with liquidity from the DAO (from the Launchpad)
Lots of small borrowers, looks very healthy
Breached $100k in loans funded
$1000 in origination fees and $8.9k annual interest

Ricochet Exchange By the Numbers

Here’s our performance dashboard that shows volumes, revenues, and holdings for the Ricochet DAO.

2021 in Review

In only 5 months Ricochet has put together the suite of products that you see below.

Some Highlights from 2021:

7/13-First rexMarket went live (Dai→WETH)
8/5-$RIC liquidity mining program began
8/18-Community Call #1
10/12-rexLaunchpad goes live
11/1-Bounty program mobilized
11/10-rexLP goes live
Ricochet has really exploded within the past month which shows how hard our core team and rexForce has worked to ship products fast and inform the public. We look forward to shipping even more in 2022!