DEXTF Newsletter #1
This is the first in a series of newsletters detailing technical and partnership updates at every step of the way so that the community remains informed and understands what’s happened and what’s in the pipeline.
DEXTF v1 has been live on Ethereum Mainnet for a little over 7 months, during which a lot of feedback were “ticketed” and successfully implemented in the shortest amount of time possible.
Here is a breakdown of the numbers so far:
250+ fund managers registered
150+ funds (XTFs) created through DEXTF
100+ unique addresses have invested into the funds
3,100+ users have connected through MetaMask to the dApp
76 tokens (at the time of writing) approved to be used in funds creation
4.6mio USD current TVL
58 pools have been created on Uniswap and SushiSwap
11.75mio USD is the current value locked on Uniswap and SushiSwap
16.35mio USD is the total value locked for the project
4400+ followers on Twitter
1400+ DEXTF Romans on our Telegram account
We have completed in December 2020 the second POC with the Monetary Authority of Singapore (the only project to be awarded 2). Here is the link to the submitted final report.
In January 2021, we completed the Algorand Asia Accelerator programme 2020, at the end of which we received 150k USD in grants by Algorand Foundation to build DEXMF on Algorand blockchain. DEXMF will be focused on institutional players.
And no, there won’t be an additional token under the ticker of $DEXMF. Only $DEXTF exists and any fee accrual generated in any chain will be distributed to $DEXTF stakers only.
The partnership with Algorand has opened up a very interesting opportunity with a very large financial institution. So far, we’ve agreed on the scope of a POC and the current status is a tripartite feasibility study on the project. We appreciate the enthusiasm shown by the community and would like to seek your understanding that this partnership is not yet ready for public disclosure.
On the multichain front we have started parallel discussions with Solana, Binance and Tezos to potentially build DEXTF on these protocols.
The strategic partnership with the Singapore based Mindful Wealth has developed into an exciting collaboration where DEXTF has initiated a process to make white labelling for their digital asset management under a regulated structure (full CMS license in Singapore) easy.
In late February 2021, DEXTF has joined the SushiSwap’s Onsen program.
Among the various feedbacks received, the UX/UI (given the product) emerged as the most urgently needed. So we prioritised it and revamped the website and dApp through a capable designer based in Australia. The updates will be progressively released on Mainnet, after the well-received initial landing page.
On the recruitment side, we hired 4 additional people on the tech side and 2 on the marketing side + 1 advisor:
2 resources helping MarMar (Chief Scientist) - 1 based in Japan and 1 in India
2 resources helping Fab (CTO) - 1 based in China and 1 in Poland
2 resources helping Nicola (CMO) - 1 based in Germany and 1 in India
We onboarded Alex Kruger, a well known DeFi influencer, as an advisor to help us grow in the DeFi community. Received invaluable advice and bright mind to exchange ideas with.
Structured products launching on DEXTF very soon. Structured products represent a major source of revenue for investment banks. Once onchain options markets grow in size, structured products should take DeFi by storm and become a major source of revenue for $DEXTF holders.Dear community, we are going to launch a new version of our Structured Floor Tokens And it's going to be 🔥 https://t.co/m6cgAl4EyuDEXTF Protocol @dextfprotocol
We’ve connected with Arca and Messari to explore partnerships around the creation of crypto indices using DEXTF.
That’s all for now.
Remember to join our Telegram and Discord channels to engage with us as feedbacks help us grow and create a better product 📚⚡️
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