OCP Board Member 2021/2022 Overview
Looking Back, Learning, Looking Forward, Earning
Happy 2022 OCP Board Members, officially. It’s beyond appropriate to have a yearly breakdown, and address some long-standing “loose ends” that are burning to be discussed.
The following article is a breakdown of what has been done, what is happening now, and what will become for the board in 2022:
CONTENTS
2021:
- Unified Platform & Yield Optimization
- Delta City
- OmniC Tokens
Now:
- Prices
- Community: New & Old Board Members
2022:
- Self-Repaying Loans
- Metis
- Bonds
- Multi-chain activity
- OCP Token Buybacks
2021
Unified Platform & Yield Optimization
Last year we launched a suite of products (Vaults, Farms, Autocompounding, Trade) and unified them under one dapp. Whilst these products were all good, especially Vaults which was market leading, we failed to get the cut through in terms of user adoption despite consistent marketing and partnership announcements.
The learning here is that having “just good enough” products is not good enough — you need to be market leading, have focused messaging (1 task for people to perform) and marry that with a reason for people to be interested in you in the first place.
We’re compiling our learnings for strategies leading into 2022 and beyond.
Delta City
We’re still very proud of Delta City and have the Denizens for sale.
However, we greatly overshot the timeline, in terms of what was possible, and are still waiting to see how things pan out before dedicating the entire team to the creation of a game in the short term. For now, most of the Denizens are for sale on Opensea on Polygon.
OmniC Tokens
Please remove any assets from the Legacy portion of OCP if you have not already, as we are not supporting OmniC (as has been extensively stated previously.)
NOW
Prices
Whilst we have no control over market sentiment and pricing, and we share the same disappointment in the short term price, in the long term, we are confident that this is temporary.
We are working on bringing an influx of members to the community, more on that in the next section. OCP Buybacks from fees, which should provide price support, will be discussed more below as well.
Community: New & Old Board Members
Communities are always in flux, and we are no exception. As mentioned, we had a cascade of activity within our community, which is part of why we are writing this article.
You can look forward to new faces on the core team and in the community moving forward, particularly as we gradually move towards increasing board member control over the protocol.
OTOMO has been dedicated in the background to implementing DAO-decentralization and governance. You can expect him to be sparse in the community ongoing, though he may pop by from time to time. We hope all of you understand that any absence in Telegram does not equal absence from the project. We are constantly working hard behind the scenes to make sure the original goal of OCP is not lost. We’re a small team and it’s more important to focus on product development and community growth than moderating.
2022
Auto-Compounding and Green Fields
OCP has always executed quickly and brought new products to market. A learning from last year is that unless you have a focused message for users to rally around, you will get lost in the noise.
We are working to create a truly industry defining platform now, and will be “shedding” a few of our other experimental platforms to focus on green fields and auto-compounding.
We have already begun the process of inserting ourselves into other projects, as well as seeking out new chains on which to assert dominance with our protocols as a first mover.
Multi-Chain Plans
Once we have the focused product which is getting good traction, we will rapidly expand it to other chains to capture green field opportunities.
Bonds
We are gradually moving forward with OCP Bonds. Things have been slower with uptake due to launching right in the holiday period but we are getting interested teams who will soon utilise the platform. You can expect this to hit the market in earnest in Q1.
OCP Token Buybacks
We have initiated OCP token buybacks, in order to create price support for the token by removing OCP from the market. Buy backs will be carried out with platform fees and will be announced to the community following the buybacks.
This will eventually be replaced with a stake to earn fees mechanism following DAO handover.
SUMMARY
The path to success is a long and winding one with several peaks and valleys. We’d like to make sure we acknowledge our diamond-handed community that continues to stick by us. We assure you that you have our continued dedication to OCP and her community moving forward.
Now, back to work!
