2023 Q4 & Year-End Update: Markets Team

Message from Head of Markets at Secured Finance

Kenji Mitsusada

Published in

Secured Finance

3 min readJan 5, 2024

Dear Secured Finance Community Members,

As we wrap up the year 2023, I am thrilled to present a summary of our journey and accomplishments over the past twelve months. It has been a year of significant growth, innovation, and community engagement at Secured Finance. From enhancing our platform’s security and efficiency to launching our first product, this year has been pivotal in our mission to democratize finance.

Key Milestones and Developments of 2023:

Community Growth and Engagement:

Throughout the year, we witnessed an exponential increase in our community size, reaching over 13,000 testnet platform users and about 60k followers on X and 55k members on Discord.
Your active participation and feedback have been instrumental in refining our platform and contributing to the ecosystem.

Platform Enhancements and Innovations:

Q1: Focused on implementing critical features like the fee scale, liquidation thresholds, and auto-roll pricing process, setting a solid foundation for our protocol.
Q2: Introduced price stability mechanisms, upgraded the fee formula, and conducted quality assurance testing. We celebrated our strong presence at the Ethereum Global Tokyo event and the successful implementation of the Roll and Itayose process on our testnet.
Q3: Emphasised on mark-to-market methodology, circuit breaker, and minimum collateral threshold, further fortifying the platform against potential vulnerabilities.

Key Achievements of Q4:

Product Launch: Full Onchain Orderbook Bond Trading Platform
Our primary accomplishment this quarter was the launch of our pioneering onchain bond trading platform. This platform not only embodies our commitment to innovation but also sets a new standard in the digital asset landscape.
Global Recognition and Engagement
I had the honor of representing our team at the Labweek offsite event during the ETH Global Istanbul. Presenting our progress and discussing our product launch with the global community was not only a privilege but also a testament to our growing influence in the industry. Here is our official youtube channel for review.
Advancements in Product Design and Security
In our relentless pursuit of security, we introduced the ‘Minimum Collateral Threshold’ to address ‘Potential Exploits in DeFi’ cases after identifying potential vulnerabilities during the testnet phase.
Also, the ‘Emergency Global Settlement’, procedures for ‘Product Listing and Delisting’, as well as ‘Global Itayose Process’, were rigorously tested and implemented to contract, ensuring the robustness of our platform.
Educational Initiatives and Community Engagement
Prioritising education as a core mission, we published a variety of articles, including a bond trading strategies series on Medium. These articles provide invaluable insights into the yield enhancing strategy such as ‘Carry rolldown’, ‘Yield spread’, and ‘Cross currency carry trade’.
These educational materials are a testament to our commitment to empower our community with knowledge and understanding of complex financial concepts and strategies.

Looking Ahead:

As we enter 2024, we are poised for even more exciting developments. Our focus remains steadfast on enhancing the platform’s features, forming strategic partnerships, and continuously engaging with our community to drive innovation. The transition to a DAO remains a long-term vision, aligning with our commitment to a decentralized and democratized financial landscape.

In conclusion, I want to extend my deepest appreciation to every member of the Secured Finance community. Your engagement, support, and insights have been the driving force behind our remarkable progress and achievements this year.

Thank you for your enduring support and commitment to the Secured Finance ecosystem. We are eager to embark on the new year with renewed vigor and enthusiasm, continuing to reshape the world of finance together.

Warm regards,

Kenji Mitsusada
Head of Markets Division at Secured Finance

About Secured Finance

Secured Finance is revolutionizing the digital asset landscape by constructing interbank-grade capital markets. Our innovative protocol is designed to offer a secure, flexible, and scalable fixed-income solution for digital assets. Comprised of a team of expert investment bankers, we are committed to integrating traditional finance wisdom into the realm of cryptocurrency and digital assets.

Stay informed and connected with us for further information and updates.