5/22 Update
Sonic Incentives, Earn Virgen Points with $VU, Velvet Unicorn Agentic Trading almost here, Velvet Memescope, Velvet joined the TaskOn Spring Bloom with 30,000 USDT in prizes, and more!
Gm,
It has been a few weeks since we did our last weekly update. So in this one, we have a lot to share!
This week we announced Sonic Incentives for users to earn 20,000 $S for trading on Velvet over the next 30 Days. All you have to do is be one of the top 100 wallets on the Sonic App to win!
On the Velvet Capital app, users can now trade altcoin through our intent-based smart execution module (without the need for creating a vault), get in and out of top DeFi Protocols, and join others' portfolios through our marketplace.
Check out the App on Solana, Ethereum, Base, BNB Chain, Sonic, and Bitlayer:
Tech Updates
Launched Memescope for an in depth look at memes as they progress on the bonding curve
Pushed the degen mode for a faster experience trading with more detailed data points
Fee Share on Solana for referring your friends
Updated the flow for personal vault creation
Fixed the SQS for AWS around our backend. (SQS lets user send, store, and receive messages between internal defi components at any volume, without losing messages or requiring other services to be available)
Design and updated navigation flow for the website with the new navigation making it simpler to rotate between the different categories of the tokens. Also created a new layout design for each page.
Updated the flow for the new trade module: New trade module brings in ability to set trade setting presets. This update will also allow users to easily switch between the new turbo mode and classic trade.
Velvet Unicorn Updates
Integrated Webacy into Agent so VU knows which tokens are verified and lower risks by avoiding potential rugs
Started pilot process of AI Treasury Management where VU will help teams across crypto extend runway to build world-changing products
Agentic Execution has been implemented on Staging and going through the final stages of testing prior to public release
On the Coinbase Ventures Radar as one of the top Trading & DeFi Agents
Community Updates
Chatted on Spaces with Symphony and Allora Network about the future of DeFAI
TaskOn Spring Bloom Campaign with 30,000+ USDT in Prizes!
Launched Arkada Quest to earn Points and Pyramid
Velvet Unicorn going from trench buddy to fully agentic onchain manager
First Tokenized Music Album on Velvet: Coin x Coin
