Tempus: the road ahead
Our future vision
The Tempus community has recently voted in favour of Tempus Labs Inc. (“Tempus Labs”) being elected as the service contractor of Tempus DAO for the next two years. This will allow the Tempus Labs team to build out Tempus DAO into a sustainable and thriving ecosystem of products as we continue along the path towards decentralization.
Where we are
Tempus Labs has built the best-in-class fixed income product that will continue to gain traction and attract TVL as the market seeks a secure and capital-efficient fixed yield product, and we continue to pursue partner integrations.
It’s no secret however that the macro conditions of DeFi haven’t been too impressive lately. If you look at the UNIETH or the DPIETH chart, which you can consider to be broad benchmarks of the DeFi market, it’s been disappointing to say the least, especially as during this period TVL on Ethereum reached an all-time high. Now, of course, there are some exceptions to this, but broadly speaking, it’s fair to say that DeFi has not performed as strongly as expected.
Institutional adoption of DeFi remains low. The permissioned version of DeFi (such as Aave Arc) is still in its infancy. Still, our conversations with players in this space are bullish, and the rails are currently being built, so we shall continue to monitor this and position ourselves accordingly.
UNIETH Chart
Source: Dexscreener.com
DPIETH Chart
Source: Dexscreener.com
TVL on Ethereum
Source: DeFiLlama.com
That said, we expect this environment to change, and that’s why we are excited to announce some of the plans we have in store.
Where we are going
The Tempus Labs team has grown from a mere 4 people in April last year to a group of 22! We have been fortunate enough to attract such a team with a great deal of experience, from blockchain engineers to business development. With such an experienced decentralized team, we can build great decentralized products.
As such, we have decided to position Tempus DAO with a new brand and identity. We are currently working with a world-class branding studio based in San Francisco to help with this. More to come soon!
Alongside the rebrand, Tempus DAO will also be broadening its horizons, focusing on building decentralized Web3 products and infrastructure with a mission to make DeFi and crypto more user-friendly, accessible, and user-centric for mass adoption. This does not mean that we will stop developing our fixed income product.
It’s quite the opposite — we will continue to focus on fixed income, but will also be dedicating time to some new and exciting projects, mainly on StarkNet. Specifically, we will build towards our vision to deliver a full-service money market protocol, horizontally integrated with our fixed income product, where users can natively borrow and lend any token at both fixed and variable rates.
We want to help build a decentralized world through tools and applications that provide value to existing and emerging ecosystems. With such a talented team and strong community, the sky is the limit.
What does this mean for TEMP token holders?
One of our main priorities is to provide value to the users of Tempus DAO products and TEMP token holders. Broadening the horizon of Tempus DAO gives us a greater chance of building something truly special within the Tempus ecosystem.
We are incredibly excited about the future of Tempus DAO and extending our brand beyond fixed income. We encourage all ideas and contributions from the community to help us build out one of the biggest and most trusted brands in crypto.
What’s next?
As mentioned above, we are underway with the rebranding process and are super excited about what we have seen so far.
We also have many items on the current roadmap for the fixed income product under development. Expect some exciting announcements and updates soon. 👀
GM. WAGMI. It’s time to #BUIDL.
Disclaimer
The information provided in this article is provided for informational purposes only and does not constitute, and should not be construed as, investment advice, or a recommendation to buy, sell, or otherwise transact in any investment, including any products or services, or an invitation, offer, or solicitation to engage in any investment activity. You alone are responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. In addition, nothing in this article shall, or is intended to, constitute financial, legal, accounting, or tax advice. We recommend that you seek independent advice if you are in any doubt.
