Velvet Capital Weekly Update (7/29)
A very successful week to end the month of July for the Velvet Team as we continue to onboard our community to the Base App and prepare for the Public Launch push!
As we are wrapping up July, the Velvet Capital team has had a busy week and we’d like to share our recent progress in building our new product and bringing new users onboard with our community. At Velvet Capital, we are focused on making an intent Operating System that streamlines on-chain portfolio management and makes DeFi social.
Tech Updates
Dynamic allocation batch trade enabled: Making trading more optimized by batching transactions on Base.
Withdrawal in ETH: You now can withdraw out of your Smart Wallet or Vault in ETH, not just Stablecoins on the App.
Gas Estimation: Previously on Base some gas estimations were 10-20x higher than they needed to be, now the estimation will be much closer to the real value.
Sorting and search bar: Now in the marketplace you can sort the vaults by returns or TVL and search for your favorite vault, like the Beta App.
Vault trade module: Optimized the frontend to make the trade module in the Base App a more Seamless Experience
Mobile development started: Began working on the Mobile Version of the app, soon users will be able to seamlessly manage vaults from their mobile device!
Community Updates
Started sharing our Base App with our Community (Access the Base App here)
Completed Week 1 of the Base Trading Competition: All vaults with 100 USDC in deposits are eligible to win three prizes (USDC & Velvet Points) each week
Started On-Boarding KOLs for our Fair KOL Round via Cookie3: If you are a KOL and would like to participate contact Velvet Capital via X, Discord, or Telegram
Recorded a demo of the new Base App
Announced Partnership with DEXTools for Pricing and Token Data on Base (Read more on the integration)
Held the 5th Weekly Poker Tournament with 29 Participants! The next one will be held on 8/1 at 5:00 PM UTC. Keep an eye on our X, Discord, Telegram, and Farcaster for the link.
Early access to the Base App!
As a reward for reading this week's update, we would like to give you exclusive early access to our Base App where you can trade any token you wish and use our intent-based trade execution module.
Click on this link to navigate to the recently launched app:
https://dapp.velvet.capital/
*All vaults with 100 USDC in deposits will be automatically eligible for our Base Weekly Trading Competition
Cheers!