✨ Q2 Already??

April 09, 2023

GM frens!

Let me start by offering an apology (if you were concerned) for the long timespan since our last newsletter update. More on this after the important stuff.

What’s covered today:

  • $CASH Pair on Satin

  • Questboards

  • Bonds update

  • CLP management

  • Lending/Borrowing plans

  • AI-powered future utilities

Let’s Dive Right In

$CASH / Satin DEX

Potentially the most exciting update in this edition of the $DOWN Debrief is the launch of the Satin DEX on Polygon. Quite honestly, it’s worth a solid DYOR, so I won’t go too in-depth about the features of the dex itself; instead I’ll simply mention that we have a $DOWN/$CASH pair on the Satin DEX; $CASH being an interest-bearing stable index token, meaning the liquidity pool is growing passively with every rebase, applying additional upward price pressure to $DOWN.

To motivate the use of the $CASH/$DOWN liquidity on the Satin DEX ( every deposit gets us closer to a gauge! ) there will be a long-running LP staking program on the $GYSR platform, launching next week!

Questboards

  There currently may not be a lot in the way of active quests available; but after NFT.NYC concludes; we’ll be launching a variety of quests/bounties/etc. aimed at expanding awareness and recruiting contributors for the $DOWN DAO. The number of available platforms for engagement campaigns/rewards distribution is growing quite rapidly, and we recognize the fact that they all (potentially) have unique audiences. So while the majority of our quests and reward campaigns will be hosted on Zealy (formerly Crew3) and Quest’n (formerly Quest3), we’ll also be hosting at least a few campaigns on TaskOn, Genki, DoraHacks, and others.

BONDS

$DOWN Bonds are being redesigned, and may be slightly reformatted; based on the availability of superior infrastructure for their creation. More on this soon, but they should be out before the end of next month. It’s likely that we’ll run a whitelisting campaign pre-deployment to gauge interest.
As a quick recap; the $DOWN Vault bonds will function in a similar format to the currently popular DeFi bond strategies; with a few key differences tailored to the mechanics of $DOWN.

Concentrated Liquidity Management

In case you’d prefer to min-max your capital efficiency as a $DOWN liquidity provider (automagically updated provision ranges with UNI v3 liquidity), we’ve got that sorted out too, thanks to our new friends at Unipilot.

Lending/Borrowing

In the near future, the Unilend v2 platform will launch to mainnet, which will enable the creation of isolated lending pools; subsequently allowing the $DOWN community (and the $DOWN DAO, when permissable) to use $DOWN as collateral to borrow stablecoins, ETH, or any other asset paired with $DOWN in an isolated pool.

And lastly, but certainly not least;

AI UTILITIES

As you’re sure to be aware, over the course of the past 6 weeks Open AI has made their API accessible, early access invites have been granting users access to Google’s ChatGPT competitor, Bard, and GPT-4 was unveiled.
The world will never be the same.

But I won’t rant about our imminent AI overlords, or about Roko’s basilisk (don’t dyor on that unless you don’t like sleep), or any other number of mind-altering recently established truths. I’ll put it as simply as this: I’m fascinated by AI, and am a fairly avid researcher. The $DOWN Vault community currently has unlimited access (so long as you’re hodl’ing the 100 $DOWN to pass the gate) to a tailor-made AI tweet helper; and there’s at least a few other AI utilities in the works.

Oh, actually one last thing! Our pals over at Ledger wanna hook you up with a FREE (basically) Ledger Nano or Ledger Nano X!

Until Apr. 17th, buy a Nano or Nano X using this link and you’ll be reimbursed with either $20 or $30 of BTC; depending on which model you choose. That’s a free hardware wallet. In fact, it’s very likely you’re getting paid to order it, assuming the potential upside of the BTC.