Velvet Capital Q3 Update: V2 Has Arrived
Velvet Capital Q3 Investor Update
Dear Investors and Velvet Family,
We are thrilled to share some huge updates on Velvet Capital’s progress over the last quarter.
Q3 Highlights:
1. First and foremost, the news you’ve all been eagerly waiting for: Our audits have successfully been completed and the final steps to implementing our bug bounty program are underway. We have also tirelessly worked at optimizing the UI/UX so our users are getting the best experience in web3.
Our game-changing, institutional-grade DeFi operating system is officially live! We can proudly report that over 70 institutional clients have signed up for our pilot program and we have begun the process of onboarding them! And the initial feedback has been fantastic! The excitement is palpable, and we cannot wait to share it with the world!
If you’re interested in being onboarded to our soft launch drop us a line in our discord: https://discord.gg/5J228CNJtY
Product (v2 LAUNCH):
- Completed 2 security audits with Peckshield and Shellboxes (Chainsulting partner), fixed all suggestions & deployed the final contracts
- Conducted internal testing and external pilots with professional users in our waitlist
- Soft-launched the v2 and started privately onboarding users from the waitlist
- Deployed a version on Arbitrum (will also go live shortly) and ready to deploy on Ethereum Mainnet if we receive a good amount of requests
Marketing, BD & Sales:
- Streamlined our sales process, which allowed us to pilot our product with 74 professional/institutional clients
- Prepared a public launch campaign & finalized our referral, airdrop tracking, and liquidity mining programs to create additional incentives for the initial TVL growth
- Focus for the next few weeks — continue onboarding warm clients, start transitioning people from v1 to v2, and finally doing the public launch
2. Q3 was a remarkable period for Velvet team-building & planning:
- Paris — ETHCC: Our team was able to work in person and take on one of the biggest conferences of the year! We made significant waves at ETHCC as our schedules were all jam-packed from sun-rise to sunset with networking and industry events.
- Barcelona Team Meet: August saw the Velvet Team convening in Barcelona for essential in-person strategizing and planning.
3. September the Velvet Team kept on the move with an in-person presence at major crypto conferences:
- Permissionless: A key spotlight on the changing regulatory landscape. The crypto community’s focus was notably on recent legal developments with SEC, CFTC, and the broader U.S. regulatory context. Another area of intrigue was the blend of Real World Assets (RWAs) in the crypto realm, underlined by U.S. Treasury yields and ventures in real estate. The rising institutional presence in crypto was unmistakably evident, marked by Wall Street and traditional finance sector attendees.
- Messari Mainnet: The crux of conversations revolved around the U.S. regulatory framework and the crypto community, stressing the criticality of cross-party collaboration in formulating crypto policies.
- TOKEN 2049: The focus shifted to Asia, showcasing Singapore and Hong Kong as regional crypto titans. The tenacity of DeFi amid market volatilities was highlighted, spotlighting its allure for institutions and the pivotal bridging of conventional finance and the digital ecosystem.
- DappCon — Joined over 900 builders from the Ethereum space for a three-day conference in Berlin to network, learn, meet clients and stay up to date on the latest trends in the ecosystem.
4. We launched our Velvet Founders Club NFT as an exclusive opportunity to be a part of the genesis of Velvet DAO. Velvet DAO will be the main driving force governing & evolving the Velvet protocol over time. With this NFT, you not only secure your place within the Velvet DAO ecosystem but also allow yourself to put your fingerprints on the future of DeFi. Not to mention — gain an incredible opportunity to collaborate with the best and brightest minds in finance! Velvet DAO will proudly represent people and perspectives from all over the globe. Get yours here.
5. Another huge piece of news- Velvet Capital is honored to be chosen for the Cointelegraph Accelerator Program! This partnership will amplify our voice, reach & help to introduce Velvet to the world, so please stay tuned for more updates on the Cointelegraph front as we approach the year-end — big stuff coming!
Also, we have finalized our referral, airdrop tracking, and liquidity mining programs which will be huge in catapulting our growth to the stratosphere. These will be all up and running when we open the launch to the public. So please keep your eyes peeled so you can fully benefit! We will start onboarding the first users in the coming days and start sharing Velvet with the world! Our institutional-grade DeFi operating system is set to completely change the game & we’re thrilled you’re coming on this journey with us.
Cheers,
The Velvet Team
