Weekly Update 9/23

Token2049 in Singapore, Epoch 1 Results, Kicking off Epoch 2 of Trading Competition with 2,000 USDC in rewards, new DeFi integrations, optimized app performance, and more in this weeks update!

Last week the Velvet Capital team was busy at Token2049 in Singapore, therefore we did not get a weekly update published last week. This update will cover from 9/09 to today.

Glimpse of Velvet at Token2049 in Singapore

Singapore was rocking during the Token2049 Conference and Velvet Capital was a sponsor for the main event with a booth where we met with Traders, DeFi Users, Investors, KOLs, crypto native individuals, and founders from around DeFi and Web3.

At our booth we were able to show our Base App that allows you to trade any token or farm on various DeFi protocols, plus we handed out the best Swag at the conference with shirts that showcased our Founders Club NFT collection! 

Now let’s get to the Tech and Community Updates!

Tech Updates

• Integrated Fluid and Morpho for lending pools on Base, both of which will be live in the coming days!

• Setup Moralis integration for obtaining relevant contract data for charts and metrics

• Pushed new trade module where you can now see the market cap and volume of each token and TVL of each pair 

• Deployed new app contract on BNB Chain, will be releasing the app on BNB soon

• Began redesigning the explore page

• Conducted UX research with users to optimize our designs 

Community Updates

• Published results for Epoch 1 of the Base Trading Competition and winners received a share of 1,000 USDC, 5,000 $pVLV, and a Founders Club NFT (worth 0.69 ETH). The vault Alpha took home the prize with a return of 47.86% in two weeks!

• Kicked off Epoch 2 of the Trading Competition on 9/23, where there will be heightened prizes awarded on 10/13, including 2,000 USDC, 7,500 $pVLV, and a Founders Club NFT! Think you have what it takes to climb the leaderboard? If so, come create a vault on Velvet Capital and deposit at least $250 to get started!

• KOLs are continuing to spread the word about the Velvet Capital and our Trading Competition (check out posts from Vincent.eth, ManLy, Corgil, Mackey DeFi, The Crypto Voice, Firoz, Bravo, and more)

• Reached $38,000,000 in Trading Volume

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

• Ended sales of the Founders Club NFT, the only way to get one now is through secondary sales and winning an Epoch of the Base Trading Competition

• Continued growing our DeFi Renaissance X Community: Join to learn and share alpha with fellow DeFi investors and traders!

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