Sphere Monthly Report — EM 5
Bringing You The Latest Ecosystem News
With February 2024 coming to a close, the Sphere ecosystem continues to build and push forward in a rapidly evolving DeFi space. With unwavering commitment and a suite of new updates showcasing our progress, we are thrilled to share the milestones achieved this month.
The past month’s focus has been on improving our community’s user experience, and enriching the ecosystem that make Sphere a unique player in DeFi today.
Now, without further ado, let’s begin!
Sphere Ecosystem Roadmap Update
Our roadmap has always been a testament to our ambition and dedication. This month, we made several key updates to our roadmap that underscore our commitment to innovation, security, growth, and effective communication with our community.
Notably, the removal of past achievements in order to better showcase upcoming milestones and major plans stands out as a significant step towards enhancing our ecosystem’s utility and adoption. This streamlining helps to highlight our ecosystem’s mission and vision, and thus acts as a stepping stone towards a more interconnected and widely adopted Sphere ecosystem aiming to set new industry standards.
You can explore the newly-updated roadmap yourself here: sphere.finance/roadmap
Worth noting is the fact that this is not the final edition of the new roadmap.
More announcements are yet to come, so join our Discord community server to stay tuned for all major updates.
Sphere Treasury Report for Q4 of 2023
Transparency and accountability remain core tenets of Sphere — the release of our Q4 2023 Treasury Report is a reflection of this ethos.
The report highlighted several key points, including:
- Our treasury’s health,
- Various operational achievements e.g. $STAR partnerships,
- Strategic direction into Q1 of 2024 and beyond.
Despite the challenges posed by market volatility, our treasury management strategies have been robust, forward-thinking, and aligned with our long-term goals, especially in light of upcoming plans in the near future, like Preon V2 and Sphere V3.
Our treasury’s performance, detailed in the report, demonstrates our ability to navigate through the complexities of the crypto market, ensuring sustainable growth and value for our community.
The Release of Dyson 2.2.0
Dyson, the Sphere ecosystem’s multichain yield maximizer, has received a major new update.
The release of Dyson 2.2.0 brings a host of performance enhancements, UI updates, and bug fixes. Most notable of all is the integration of a new API that gives insights into valuable analytics.
You can now view a detailed asset breakdown for our auto-compounding vaults, letting you see precisely how your funds are allocated.
The API also surfaces key fee information, so you can make more informed decisions when interacting with Dyson’s vaults.
Additionally, we have also introduced a standardized structure with the new API, meaning that all strategies released will include these expanded metrics. We will also introduce further metrics in the future to enhance your experience even more.
On top of these data transparency improvements, Dyson 2.2.0 focuses heavily on boosting performance — you can now enjoy faster page loads and a smoother UX through:
- Upgraded infrastructure,
- Code optimizations.
We are also happy to announce that that Dyson 2.2.0 is live on DeFi Llama! Experience the new Dyson on DeFi Llama through the link: https://defillama.com/protocol/dyson
This update is a leap towards making yield farming and maximization more accessible and efficient for our users. Dyson’s new launch enhances your experience on the platform, and empowers you with a deeper look into analytics, enabling you to make more informed decisions.
DIA Provides $SPHERE a Price Feed
In a significant step forward in our partnership with DIA, a live price feed has now been provided by DIA for the $SPHERE token.
This integration ensures that our users have access to accurate and real-time price information. It’s a move that not only benefits our community but also strengthens our ecosystem’s infrastructure, making it more resilient and dependable.
Looking Into The New Month
As we conclude the latest edition of the Monthly Report, it’s clear that Sphere Finance is growing and thriving. The updates to our roadmap, the insights from our treasury report, the advancements in Dyson, and the integration with DIA, all reflect our commitment to excellence, transparency, and community empowerment.
Our vision for Sphere is vast, but with each step, we are turning it into a tangible reality. As we continue to build and expand, we are grateful to have you with us on this journey. Together, we are actively building a better DeFi, shaping a decentralized future that empowers Sphereans through the best utility the space has to offer.
Thank you for your unwavering support. The road ahead is bright, and with your trust, we are set to redefine the boundaries of DeFi.
