Community Call #10 Recap
This is a text digest of what was discussed on Community Call #10. The recording can be viewed here: https://www.youtube.com/watch?v=oQOspoSGHKY
Gnosis Safe Integration
- Gnosis Safe is the most trusted platform for organizational digital asset management on Ethereum.
- This integration allows Ricochet Exchange to be conveniently used as a Gnosis Safe app, making interacting with Ricochet through the Gnosis interface easier than ever.
Why is Ricochet Exchange useful for organizations and their treasuries?
By setting a investment stream with Ricochet, a DAO can start auto-investing their capital with a single transaction. Ricochet makes treasury investing flexible and efficient by taking away a lot of the transactional upkeep and governance complexities that treasury investment decisions require. Most importantly, Ricochet Exchange is a responsible way to invest. Organizations don’t want to be in the business of timing the markets. An automatic Ricochet investment stream allows a DAO to expose their capital to price risk gradually and linearly instead of in lumps.
Ricochet x Index Coop
- What’s Index Coop? - Index Coop provides passive crypto index products that track several crypto investment themes. For instance, their $DPI token tracks a basket of DeFi tokens such as Aave, Compound, and Maker and their $MVI token tracks as basket of metaverse tokens such as Illuvium, Axie, and Decentraland.
- What would a partnership look like? - A Ricochet integration with Index Coop would be simple - offering rexMarkets that let you stream invest into these index tokens.
- Why’s this so awesome? - Passive investing into passive investments! With a Index Coop rexMarket, you’d be able to save yourself the effort of trying to time the market as well as picking out which tokens to invest in. All while benefiting from portfolio diversification.
- Wen Ricochet x Index Coop?? - Moving forward with this partnership would involve a Ricochet DAO proposal, dual marketing between Ricochet and Index Coop, and rexMarket deployment. Expect to see this come to life early Q1.
Business Recap and Outlook
- Arbitrum and Optimism coming to Superfluid, this will bring wider adoption of real time investing to the Ethereum community and beyond
- Token Listings on Coingecko and Nomics: https://www.coingecko.com/en/coins/ricochet
- $USDC → $IDLE rexMarket rewards doubled as rexLP is removed for technical difficulties (extra rewards from LP now going to rexMarket streamers into $IDLE)
rexBank
- Steps towards streaming borrowing/lending are being made.
- Stream funding the bank with liquidity from the DAO (from the Launchpad)
- Lots of small borrowers, looks very healthy
- Breached $100k in loans funded
- $1000 in origination fees and $8.9k annual interest
Ricochet Exchange By the Numbers
Here’s our performance dashboard that shows volumes, revenues, and holdings for the Ricochet DAO.
2021 in Review
- In only 5 months Ricochet has put together the suite of products that you see below.
Some Highlights from 2021:
- 7/13-First rexMarket went live (Dai→WETH)
- 8/5-$RIC liquidity mining program began
- 8/18-Community Call #1
- 10/12-rexLaunchpad goes live
- 11/1-Bounty program mobilized
- 11/10-rexLP goes live
- Ricochet has really exploded within the past month which shows how hard our core team and rexForce has worked to ship products fast and inform the public. We look forward to shipping even more in 2022!
Ricochet Meme of the Week:
Join the real-time investing community!
We’re a lot of fun.
