NEOPIN Quarterly Update: Q2 2024 (April — June)

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NEOPIN

7 min readJul 3, 2024

Hello NEOPIN community!

We’re happy to share with you NEOPIN’s achievements during the second quarter of 2024. We will continue to do our best to fulfill our vision of becoming the #1 DeFi in Asia.

11 achievements in a nutshell

In April, NEOPIN reached a consolidated TVL of over $200M, driven by new products including BDLP, an RWA-based multi-yield farming protocol, and SDLP, an Ethereum auto-boosted derivative. We’re determined to surpass Asia’s #1 ranking and challenge the global top 10 DeFi. Read more
NEOPIN joins CoinMarketCap’s RWA category to tap into the $7 trillion global RWA market. NEOPIN offers a wide range of RWA products and plans to launch an all-in-one RWA platform in the future. Stay tuned as NEOPIN grows to become a global RWA leader in less than two years. Find out more
We have announced plans for a new RWA platform to become a global RWA leader. The key pillars of the RWA platform include: ▲ Developing a dedicated RWA platform based on the Orderbook (a list of buy and sell orders), ▲ Expanding the range of innovative RWA products, and ▲ Expanding the RWA multi-chain strategy.
Listed on C-Patex to enter and begin to penetrate the Latin American market of 670 million people, and listed on OrangeX, which has a large number of Asian users such as India, Vietnam and Indonesia, to achieve the goal of becoming the number one DeFi in Asia.
We made various updates to NEOPIN Web, such as supporting Finsia (FNSA) and Cosmos (ATOM) staking, expanding the range of NEOPIN Web mini-wallets, launching the user ‘Create Pool’, and introducing the ‘AI-based risky address detection function’, which verifies the correct address when sending cryptocurrencies based on AI technology and displays the results.
Starting with the launch of SDLP, an efficient and convenient way to increase your Ethereum holdings, we expanded Ethereum support through EVM Bridge updates and introduced a variety of new pools, including nETH-NPT, nETH-nUSDT and nETH-KLAY.
We aggressively launched new pools for 34 cryptocurrencies across 8 themes including RWA, AI, DePIN, DeFi, Meme, Gaming, Liquid Staking, and Restaking, with a total of 9 NPT pools launched across themes including AI, RWA, Restaking, DePIN, DeFi, Liquid Staking, Meme, and Gaming.
The NEOPIN team participated in Token2049 in Dubai, United Arab Emirates (UAE), SEABW in Bangkok, and GM Vietnam, the largest blockchain event in Vietnam, in Ho Chi Minh City, to realize our vision of becoming the number one DeFi in Asia.
The NEOPIN Referral Program, which started on May 2nd, is now running until July 10th. Learn more about the referral program and its various events here!
NEOPIN was featured in various media including Investing.com, Business Insider, Maekyung Economy, News1, Daily An and Itoday.
We held AMAs with Korea’s largest KOL channel, the Graduation Preparation Committee, Latin America’s largest Project Patex, and NEOPIN’s partner Elysia.

New Product Launch

The SDLP is an efficient and convenient way to grow your Ethereum holdings without managing low APR deposit products or complex elephant farming processes! Combining two leading DeFi protocols — Lido and Sommelier Finance — into one product, the NEOPIN SDLP strategically leverages Lido’s Ethereum staking derivative, stETH, and Sommelier Finance’s diversified approach across multiple DeFi protocols (Aave, Uniswap v3, Balancer, Morpho) to reduce downside risk. Learn more
To provide NEOPIN and Klaytn users with more DeFi products and investment opportunities to enhance their trading experience, we have expanded our Ethereum support with an EVM Bridge update, introducing a number of new pools including nETH-NPT, nETH-nUSDT and nETH-KLAY. Read more
We launched Polygon (Matic) staking and introduced NEOPIN Club membership benefits. Read more
Launched new pools for RWA (ONDO, PENDLE, HIFI), AI (IQ, GRT, WLD, ARKM), DePIN (GLM, OCEAN, AIOZ, LPT, ANKR), DeFi (LINK, ENA, AAVE, 1INCH), Memes (SHIB, PEPE, MAGA, LADYS, MEME), Gaming (IMX, GALA, BIGTIME, ASX, YGG), Liquid Staking (LDO, RPL, rETH) and Restaking (ALT, REZ, ezETH, weETH, wstETH).
Following the launch of the eight theme pools, a total of nine NPT pools have been launched: AI (WLD, ARKM), RWA (ONDO), Restaking (wstETH), DePIN (LPT), DeFi (LINK), Liquid Staking (LDO), Meme (SHIB), and Gaming (IMX). Learn more
New pools for Per Project’s PER and NPT tokens have been launched. Learn more

New Update

In addition to NEOPIN Token (NPT), Ethereum (ETH) and Polygon (MATIC), NEOPIN Web now supports staking of Finsia (FNSA) and Cosmos (ATOM). We’ve also expanded the availability of mini-wallets on NEOPIN Web, as if you were using the NEOPIN app. In addition to the EVM family, we’ve added support for connecting wallets from Cosmos, Finsia and other networks, allowing you to use wallets like Keplr. Learn more
With the launch of ‘Create Pool’, users can now create pools for cryptocurrencies on the Klaytn, Ethereum and Polygon networks with assets held in their NEOPIN wallets. NEOPIN introduced an AI-based risky address detection feature that uses AI technology to verify the correct address and display the result when sending cryptocurrencies to EVM series (Ethereum, Klaytn, Polygon, etc.) and Tron. Learn more

Announcement of plans to launch RWA platform

We have announced plans to launch a new RWA platform to become a global RWA leader, combining the rich liquidity of traditional finance with blockchain technology to create global marketability with high levels of security and regulatory compliance. The key pillars of the RWA platform include: developing a dedicated RWA platform based on the order book (a list of buy and sell orders); expanding the range of innovative RWA products; and expanding the RWA multi-chain strategy. Read more

New Listing

Listing on the global crypto exchange C-Patex, marking our entry into the Latin American market of 670 million people. Read more
Listing on OrangeX, a global crypto exchange with a large number of Asian users such as India, Vietnam and Indonesia, to achieve our goal of becoming the number one DeFi in Asia. Learn more

Recent Conferences

The NEOPIN team attended Token2049 in Dubai, United Arab Emirates (UAE), where NEOPIN is working with the Abu Dhabi government to establish a DeFi regulatory framework. Read more
NEOPIN attended the SEABW event in Bangkok to fulfill its vision of becoming Asia’s number one DeFi organization. Read more
NEOPIN is in full swing in South East Asia! We participated in GM Vietnam, the largest blockchain event in Vietnam, and sponsored the Klaytn Web3.0 Genesis event in Ho Chi Minh City. See photos from the event

Campaign

On May 2, the NEOPIN Referral Program was launched, where users can invite friends, earn referral points, and convert referral points into NPT. The promotion runs until July 10th with a total prize pool of NPT. Learn more here.
The NEOPIN Referral Ranking Contest, where you can earn extra referral points by accessing your referral program dashboard, taking a screenshot of your ranking and showing it to the community. Learn more.
To celebrate the launch of the NEOPIN Referral Program, we’re running a NEOPIN Random Airdrop with a total prize pool of $10,000. All you need to do is invite a friend with your referral code and they need to use NEOPIN products such as Swaps, Bridge, Staking or Liquidity Pools at least once to participate. Join the event and receive an airdrop of $10,000 worth of Kaia, ETH and USDT. Learn More
If you’re interested in learning more about the various referral-related events running through early July, including the NEOPIN Random Airdrop (~7/10) with $10,000 worth of KAIA, nETH and nUSDT, and the NEOPIN Galxe Campaign (~7/10) with mystery prizes, check them out here!

Press & Media

NEOPIN CEO Ethan Kim was interviewed by Investing.com and shared his insights on how to combine AI technology with the diversity of blockchain. Read the article
Business Insider, one of the top 3 US business publications, featured NEOPIN Token (NPT) alongside USDC and USDD in the article “3 High-Yielding Cryptocurrencies to Invest in for Safe Returns”. Read the article
Maekyung Economy wrote about NEOPIN’s BDLP product experience and how to use it in the article “A world where even US Treasury bonds are ‘piece investing’ with tokens [A cryptocurrency guide for corinthians]”, saying that it is a trustworthy company. Read the article
News1 published “Coinpan Financial Services ‘DeFi’ Investment… Is it Profitable?”, detailing NEOPIN’s DeFi experience. Read the article
The Dailian article, “The Growing Staking Market…Differentiate Yourself,” featured NEOPIN’s staking product, which allows users to receive more benefits through membership with cryptocurrency exchanges such as Ubit and Bithumb. Read the article
The Etoday published an article titled “SEC Moves to Regulate DeFi… ‘Permissioned DeFi’ Has Opportunities”, highlighting NEOPIN’s Permissioned DeFi. Read the article
The Bell published an article titled “H-Lab, which secured cash ammunition, expands its blockchain business,” highlighting the 9.5 billion won investment received by NEOPIN’s parent company, H-Lab. Read the article
Korea’s largest blockchain KOL channel “Hobby Room” published a research report highlighting NEOPIN’s rapid growth, including a TVL of $190 million, global expansion, including cooperation with the UAE government and entry into the RWA market, and NEOPIN BDLP’s ability to generate stable and high returns. Read more research

AMA

(Graduation Preparation Committee) NEOPIN is focused on targeting the $7 trillion global RWA market from 2023, and recently launched NEOPIN BDLP, an RWA linked product, and SDLP, an Ethereum-based derivative product with high reward and liquidity efficiency. NEOPIN will continue to develop and launch RWA investment products based on various real assets. Recap
(Patex) Jay, RWA Product Owner at NEOPIN, participated in an AMA on RWA with Latin American project Patex where he presented NEOPIN’s strategy for the RWA business and RWA DeFi products such as BDLP. Listen again
(Elysia) Recently we’ve been getting a lot of inquiries from institutions about RWA with NEOPIN. NEOPIN’s new RWA platform is designed to meet the diverse needs of institutions, users and the industry. We plan to combine the rich liquidity of traditional finance with blockchain technology. As the RWA-related DeFi products launched by NEOPIN are performing well, we will definitely grow into a global RWA leader in two years. Recap

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