Weekly Update 9/30

Launched Epoch 2 of Trading Competition with $2,000 USDC + $pVLV rewards, launched Morpho and Fluid Pools on Base App, finished backend integrations for BNB Chain launch, and more!

Another exciting week for the Velvet Capital team as we continue to build the best product for DeFi Portfolio Management on Base (which just passed $2B in TVL this past week)! 

On the app, users can now trade any 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 Base App: https://dapp.velvet.capital/

Tech Updates

• Launched Fluid Pools on Base

• Launched Morpho Pools on Base 

• Enhanced search functionality for filtering by protocols and asset type 

• Finishing touches on the newly designed explore page

• Finished backed integration for upcoming BNB Chain integration 

  

• Integrated Thena on BNB Chain

Community Updates

• Epoch 2 of the Trading Competition will end 10/13, get in on the action by creating a vault on the Base App by then and depositing at least $250 into your vault

• Continued growing our DeFi Renaissance Community on X (surpassed 100 members), where one person who shares the highest quality alpha will be awarded 50 $pVLV each Friday (beginning 10/4)

  

• KOLs have began creating vaults on Velvet and spreading the word Renksi, Blackbeard, Corgil, The Crypto Monk, WSB Trader Rocko, and more)

• Continued on-boarding of community members, Traders, and KOLs to the Base App

• Resonance published our Audit, more info will be coming from our side in the coming days!

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