Hello NEOPIN community!
As we usher in the blossoming days of spring, it’s time to reflect on the strides we’ve made during the first quarter of 2024. In this update, let’s take a closer look at the exciting news and remarkable developments from NEOPIN for the past three months.
Achievements
- NEOPIN’s consolidated TVL reached $190 million, driven by successful DeFi products and rising cryptocurrencies such as $NPT, $KLAY, and $FNSA. Notably, KLAY — nUSDT pair deposits surged over 14x in 5 days. Our goal is to lead Asia’s DeFi market this year and break into the global top 10 within 3 years. Learn more here.
- On March 29th, NEOPIN surged to the top spot in Klaytn DeFi, more than tripling its Ethereum-compatible asset TVL from $20.97 million in January to $63.36 million in March, all within a span of just 80 days. This remarkable growth followed successful updates linked to Project Dragon (PDT) in January, along with advancements in RWA derivatives, securing our leadership position. Learn more here.
- NEOPIN is highlighted in the INF CryptoLab report, emphasizing DeFi’s role in the Klaytn and Finschia merger into Project Dragon (PDT). With DeFi projects holding LSD and RWA expected to attract new funds and increase TVL, NEOPIN is anticipated to receive significant attention as it expands its DeFi business focused on LSD and RWA, while bridging the two mainnets alongside the PDT integration mainnet launch. Learn more here.
- NEOPIN got listed on Coinbase Web3 dApp, allowing us to grow our ecosystem and reach a broader global audience.
- The NIP-1 proposal, suggested last December, has passed, leading to the implementation of the Automatic Reallocation Mechanism (AutoRM) for enhancing the value of $NPT. As a first step towards increasing the value of NPT, the Autonomous Swap was completed in March. Learn more here.
New Product
Major Update 1
- In response to recent hacks in the Klaytn ecosystem, NEOPIN is assisting affected members and bolstering Klaytn’s DeFi landscape. We’ve added top-tier liquidity pools and remain committed to developing secure DeFi solutions for Klaytn communities. More on the details here.
- NEOPIN’s EVM Bridge converts Ethereum-based USDT to Klaytn, creating nUSDT. This wrapped nUSDT retains the original USDT value in Ethereum vaults. Burning nUSDT retrieves the original USDT, maintaining a 1:1 peg. Check out the details here.
- NEOPIN’s ‘Finschia Bridge’ facilitates seamless Finschia (FNSA) conversion between EVM networks like Klaytn, creating nFNSA tokens on Klaytn with a 1:1 peg. This enables Finschia and Klaytn users to easily swap coins and secure liquidity. Refer to the details here.
- NEOPIN’s Club Membership has been upgraded! Users earn points contributing to NEOPIN, unlocking various benefits as they achieve higher membership tiers. NEOPIN Club Membership now offers an extra 3% APR Boost on FNSA, KLAY, TRX, ETH, ATOM & NPT staking on top of the base rewards. Check out the details here.
- NEOPIN now supports MetaMask, Kaikas, DOSI Vault, and other external wallets, improving user experience and safety while attracting new users.
Major Update 2
- NEOPIN BDLP, a RWA-based yield farming protocol, offers strategic investment opportunities using stablecoins for high rewards. Leveraging NEOPIN’s tech and smart contracts, it engages with DeFi protocols like Spark.fi, Ethena.fi, and Curve.fi, enabling easy diversification with up to 35.37% APY. Learn more here.
- The update regarding the launch of NEOPIN SDLP, the Ethereum Automatic Boost Derivative Product, the nETH Bridge, and the addition of new pools to nETH will be provided in April.
Conference
- NEOPIN sponsored the venue for ETH Seoul 2024, bringing together pioneers, developers, and enthusiasts to explore blockchain’s frontiers. Highlights included speeches by Vitalik Buterin and NEOPIN’s CTO Shannon Ma, an interview with NEOPIN’s CEO, and a dynamic hackathon track showcasing emerging talents and ideas. Read our full recap here.
- NEOPIN’s CIO, James Park, had a speech session at the Blockchain Foundation Week 2024 hosted by Xangle. He shared NEOPIN’s vision to become the top DeFi protocol for the Klaytn & Finschia merger — Project Dragon ecosystem. Details here.
Partnership
- NEOPIN, Futureverse and Catalyze Research have signed an MOU to expand the blockchain ecosystem, discover Web3 projects, support NEOPIN’s gaming partners, introduce DeFi products via Root Network, incubate Web3 projects in Korea, and grow the global blockchain business and Futureverse ecosystem.
- NEOPIN and SuperWalk, Klaytn’s representative M2E project, have partnered to launch a new $GRND — $NPT pool on NEOPIN. Our goal is to boost global engagement within the mainnet ecosystem.
- NEOPIN signed an MOU with PATEX for seamless wallet integration, joint DeFi product launches, PATEX mainnet validation by NEOPIN, global ecosystem expansion, and collaborative marketing targeting Korea, Latin America, and the Middle East, where NEOPIN influences DeFi regulations.
- NEOPIN’s liquidity pools have integrated with Swapscanner, allowing users to enjoy an optimal trading experience.
- NEOPIN has partnered with GREEVER, developer of the eco-friendly D2E app, to integrate platforms, expand user bases, and execute joint marketing.
New Pool Launch
- NEOPIN has introduced 9 new pools: NPT-nUSDT, KLAY-nFNSA, KLAY-BORA, KLAY-MBX, KLAY-nUSDT, NPT-SCNR, NPT-GRAND, NPT-nFNSA, and nETH-nUSDT. Users can earn rewards by providing liquidity. Check out the pools here.
- We’ve launched the $NPT — $nFNSA liquidity pool, as suggested in the Discord #neopin-gov-forum. Following a NIP-5 governance vote, which received 42.85% approval based on user suggestion. NEOPIN promises swift implementation, valuing user input.
Campaign
- To celebrate the launch of the NEOPIN Finschia Bridge, the addition of USDT support to the EVM Bridge, and the introduction of new liquidity pools, we have announced the NEOPIN DeFi Carnival, featuring a total prize pool of 10,000 USDT. Details here.
- We’ve launched the first NEOPIN campaign on SoQuest, giving away 1,000 USDT to celebrate NEOPIN surpassing $180M in total value locked (TVL). Find out more here.
- We held a campaign to commemorate the launch of the $GRND — $NPT pool, where SuperWalk’s NFT Coupons were given away as prizes. More on the details here.
- We’ve organized the NEOPIN X QuestN campaign with a total prize pool of 3,000 USDT to celebrate the launch of NEOPIN BDLP (Bond Derivatives Linked Protocol). Join in here!
Press & Media
- The merger of Klaytn and Finschia positioned NEOPIN as a standout beneficiary. As a member of both governance councils, NEOPIN emerged as the sole DeFi protocol capable of servicing both blockchains concurrently. Read more here.
- NEOPIN surpassed $60 million TVL for Ethereum-compatible assets, making it the top Klaytn DeFi project. NEOPIN’s consolidated TVL, including assets beyond Ethereum-compatible ones, surged past $190 million. Read more here.
- NEOPIN has entered the global RWA market with the release of NEOPIN BDLP — RWA-based multi yield farming protocol. According to the Kobit Research Center, the RWA sector saw an impressive growth of over 700% last year, with expectations of reaching $16 trillion by 2030. Read more here.
- NEOPIN’s CEO, Ethan Kim, discussed with Tech M, a prominent Korean IT media, the NEOPIN’s objectives for mainstream adoption, regulatory compliance, and merger into Klaytn and Finschia’s mainnet. NEOPIN also aims to become the top DeFi platform in Asia. Read more here.
- NEOPIN’s CTO, Shannon Ma, was featured in the renowned South Korean daily economic news ‘Etoday’ for the speech at ETH Seoul 2024. Shannon Ma outlined NEOPIN’s roadmap for the year, emphasizing its aim to become a regulatory-compliant DeFi protocol. Key objectives include staking, entering the RWA market, expanding onto new EVM chains, and achieving mass adoption.
- Munhwa Ilbo, a Korean daily newspaper, featured NEOPIN in its latest edition. Ethan Kim, CEO of NEOPIN, stated “Beyond mere regulatory compliance, we’ve chosen Abu Dhabi as a forward base for market expansion, recognizing it as a global hub where we can actively contribute to regulatory development rather than just adapting to regulations.”
- NEOPIN’s RWA product is gaining global attention, with features in prestigious outlets such as Decrypto, Coindesk, and Benzinga.
- NEOPIN was highlighted by BlockBeats, which is among the top blockchain media companies in China. It stands out as one of the top three blockchain platforms on WeChat and also grabbed third place in the finance and economics section of the 2019 Red Microblog. Read more here.
- NEOPIN was featured on Coinboy’s YouTube channel, which has 52K subscribers. Check out the video here.
Check out the New Products on NEOPIN
🏅 NEOPIN BDLP ▶️ 35.37% APY
🏅 NEOPIN SDLP ▶️ 13.14% APY (Officially launching on April 4th)
*The displayed APYs are estimated and should not be considered guaranteed.
