Exciting Updates Ahead: SOFA’s Plans for June and Beyond
To our friends and supporters:
The SOFA team remains hard at work even as the summer holidays are about to kick off, and we have a whole-list of planned protocol upgrades and partner integrations awaiting in the pipeline. While we can’t share everything at this point for confidentiality reasons, here’s a quick teaser of some of the things we should be looking forward to.
Product and Service Updates
- The protocols will extend support to an additional 2–3 of the most popular token denominations for structured product purchases. You can probably guess what they are.
- Following that, we will be launching a new structured product type that is one of the most popular options on CEXs, and is the perfect structure for long-term crypto Hodlers to stay exposed to the bull market!
Protocol and Platform Integrations
- We are expediting integration partnerships with DeFi Protocols and large centralized platforms, leveraging their powerful distribution channels and vast user funnels to drive continued volume & TVL growth.
- We are exploring innovative collaborations with CEXs to provide powerful use-cases for both $RCH and rUSD (our authentic ‘Position Risk’ tokens). The former could include onboarding SOFA products to CEX users directly, while the latter would unlock dormant capital on-chain as a trailblazing initiative.
- All efforts shall represent significant steps towards integrating CeFi with DeFi responsibly, ensuring a win-win outcome for all parties involved.
Token Reward Expansions
- Part of our long-term roadmap has always included additional reward mechanisms for our $RCH holders, both in the form of direct benefits and associated rewards with SOFA’s exceptional partner network. These rewards were meant to complement $RCH’s main buyback system, sustaining the long-term value proposition for the token. In light of the significant participation and trading interest of $RCH since launch, the core team is making plans to ‘bring forward’ some of these programs, in order to reciprocate the incredible reception we’ve had so far. Although we are not in a position to divulge full details given the timing, $RCH token holders should expect to see a series of direct and clearly defined reward ‘events’ with our ecosystem partners, starting in the very foreseeable future and iterating all throughout this hot summer.
Once again, the team is grateful for the passionate response to our protocol thus far, and we are going to match our community’s enthusiasm with strong deliverables along the way.
Don’t worry, patience isn’t really our thing either 😎 — Stay posted on our official channels as details drop soon!
— SOFA.org Team
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