Q1 Update: Markets Team
Message from Head of Markets at Secured Finance
Dear Secured Finance Community Members,
As Q1 of 2023 comes to an end, we are delighted to provide you with a comprehensive update on our progress during this crucial phase. Despite the ongoing crypto winter, the Secured Finance team has been working diligently to refine the platform and prepare for a successful mainnet launch. We have achieved several key milestones during this quarter, setting the stage for a bright future for the Secured Finance ecosystem.
First and foremost, we are thrilled to report impressive growth in our user base and community members. By the end of March, our community has reached over 45k followers on both Twitter and Discord, which is a remarkable accomplishment. Your invaluable feedback and active participation have been instrumental in shaping the platform and identifying areas for improvement. This strong engagement from our community members is a testament to the potential of the Secured Finance Protocol.
As a DeFi project, our ultimate goal is to transition to a DAO in the future, and our growing community plays a vital role in this vision. We are incredibly grateful for your strong support, and we look forward to nurturing our thriving community further.
Throughout Q1, we have focused on implementing and testing critical features in our market design. Key updates include:
- Fee Scale: Based on risk duration, we now charge lower fees for shorter durations, helping us secure liquidity close to maturity.
- Fee Distribution: Secured Finance community members are incentivized to receive the fee which will be granted depending on the contribution to the ecosystem.
- Liquidation Thresholds: A new system incentivizes liquidators to act on small positions, protecting our platform from insolvency risks.
- Auto-Roll Pricing Process: Determined by the volume-weighted average price, this process ensures fair pricing and transparency for our users.
- Zero-Coupon Bond Collateral Netting: To be implemented later, netting of collaterals supports capital utilization, leverage, and financial stability.
- Yield Curve Display: We have opted for APR instead of APY, providing our users with a clear understanding of the yield curve and enabling informed investment decisions.
- Price Stability Mechanism: Price range limit and amount limit for orders help maintain platform stability during periods of high volatility.
In the coming months, stay tuned for more updates, additional feature enhancements, and strategic partnerships that will further expand and strengthen the Secured Finance ecosystem.
Conclusion
We would like to express our gratitude to each and every member of the Secured Finance community. Your feedback and active participation have been instrumental in driving our progress and shaping the platform. As we approach the mainnet launch, we remain committed to delivering a platform that meets your needs and revolutionizes the world of finance. We look forward to continuing this journey together and sharing more progress with you in the coming months.
Thank you again for your ongoing support and dedication to the Secured Finance ecosystem.
Best 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.
Secured Finance Official Links
Website | Twitter | GitHub | Galxe | Link3 | Guild
