Overview of Daniel Allan's Artist Seed Round Raise
I wanted to upload the full podcast to Lenstube today, but 'm having difficulty uploading the whole thing because the file is so huge and it'sdifficult to upload to Arweave and I had to bridge some MATIC and my Brave wallet kept disconnecting during the upload blah blah blah
SO anyway, here's a clip of Daniel Allan giving an overview of what investors are buying into with his recent raise
yea. you can’t update things.
Will plan on lists 🙇♂️
J.P. Morgan has executed its first live trade (with real Balance sheet funds!) in DeFi using a modified version of the Aave protocol on Polygon mainnet, as part of the The Monetary Authority of Singapore’s (MAS) Project Guardian.
MAS launched this collaborative initiative with the financial services industry to explore the economic potential and value-adding use cases of asset tokenization and DeFi.
One of the main objectives of the project was to develop use cases for institutional-grade DeFi protocols to study the introduction of regulatory safeguards and controls to mitigate against market manipulation and operational risk.
The Aave protocol was utilized within a use case involving the supply and borrow of tokenized foreign exchange transactions, using SGD tokenized deposits (The 1st issuance of tokenized deposits by a bank!) issued by J.P. Morgan and JPY tokenized assets issued by SBI Digital Asset Holdings.
The world’s largest bank transacting on a public blockchain using Aave smart contracts is a huge milestone for DeFi, and represents a massive step towards bringing the trillions of dollars of traditional financial assets into DeFi, to fully realize the opportunities afforded by smart contract based, decentralized applications.
Read more here👇
www.mas.gov.sg/news/media-releases/2022/first-industry-pilot-for-digital-asset-and-decentralised-finance-goes-live
Ronnie uses Collateral Swaps.
Available across all V3 markets on app.aave.com. Powered by ParaSwap.
We want to address the cycle of liquidations that occurred in the CRV pool on the Aave Protocol today. The liquidations were successful (and worked as designed), but unfortunately, the size of the position left some excess debt within the protocol.
A large CRV borrow that had been building up for the last week was mostly cleared by the protocol liquidation process. However, the position was not covered entirely and 2.64M CRV (≈ null.6M at current value) remains. This represents less than 0.1% of the borrows on the protocol.
The Aave ecosystem was built with a number of mechanisms that the Aave community can deploy to cover events like this, including the Safety Module, the Ecosystem Reserve & the DAO Treasury.
In the coming days, we believe the Aave community and its contributors will initiate a discussion in response to this incident.
Community contributor @monetsupply.lens additionally opened a discussion on the governance forum on reviewing long-term asset risk on Aave V2 market
Most importantly, today’s events are in contrast to those we have seen with centralized entities in the space – the transactions were entirely traceable and auditable on-chain, providing transparency for users and the community.
governance.aave.com/t/discussion-reducing-long-tail-asset-risk/10748?u=monet-supply