Swivilian Community Update: #0
Our first monthly Swivilian Governance & Community Update
Our mainnet has been live for nearly a month, and our team has just returned from the ETHDenver conference ready to 🚢🚢 !
With that in mind, we’d like to introduce our monthly Swivilian Community Update series where we discuss what’s going on in our community and governance forum!
ETHDenver
ETH Denver was a culmination of the entire web3 community’s desire to come together and collaborate to build a better ecosystem. More than 15,000 people from all sorts of projects and places came to Denver for over a week of building, bounties, workshops, presentations and panels! (+ parties ofc).Â
You could feel the excitement in every interaction. Friends, partners and team members from around the world met in real life for the first time to exchange insights and inspire new ideas.
We were excited and humbled to play an important role in the conference, contributing to numerous panels and advancing the body of knowledge around DeFi primitives and the direction DeFi is headed!
Swivel also sponsored a few events at ETH Denver and participated in a several panels on liquidity, the new things fixed rates can enable in DeFi, and the general future of lending! Moreover, we gained further insights useful in our ongoing governance development and implementation through discussion with our competitors and contemporaries
Governance Updates:
Our governance forum has been live for nearly a month and a half, and with our token launch imminent, governance is more important than ever! Based on the current activity, we’ll likely have several proposals to vote on in the next few weeks!
The first proposal (#000) is posted for your consideration and to demonstrate the proposal workflow on the governance forum (Link).
Proposal #000 New Markets: Link
With our March cUSDC maturity coming soon, we’re looking to launch an additional market and are hoping to lock in a community choice for maturity dates!
Get your input in soon, because it looks like a snapshot will be going up ASAP to approve FTX futures maturities as our target!
Discussion #000 SWIV Incentives: Link
With our token about to launch, we need the community to commit to a SWIV token liquidity program!Â
Give your thoughts on the different directions our liquidity program can take!
Discussion #001 Updating Protocol Incentives: Link
This is also a HUGE proposal with the first protocol liquidity incentive epoch also wrapping up on 3-10!
We’ve been absolutely KILLING it on volume, with an average of ~$7,500,000 traded daily across our two active markets.
Unfortunately a fair portion of this is toxic flow attempting to capture liquidity incentives, and in line with our established intentions, we hope to update our incentive structure regularly with the community’s support!
Whats Next:
Emoji Competition:
With the competition now wrapped up, stay tuned for an upcoming announcement of our Swivelmoji contest winners!
We had some true bangers come out of the community this time, and we’re thinking about continuing with weekly contests in the future!
Token Launch / Information:
Keep an eye out over the next few days or so for a follow-up post on our token and our hopes for its launch alongside our community!
Clearly the current governance topics are a big part of its launch, but we hope to highlight what is truly unique about the SWIV token and the Swivel community.
And remember to unlock your tokens before 3-10! An updated list of recipients is available here: Link
Rari Integration:
Our dev team has been working hard, and we’ll be going live with a testnet Rari integration in the coming week before sending things live to mainnet! Our goal is to go live with the integration beforer our March cUSDC maturity is complete!
About Swivel Finance
Swivel is the decentralized protocol for fixed-rate lending and tokenized cash-flows.
Currently live on Mainnet, Swivel Finance provides lenders the most efficient way to lock in a fixed rate as well as trade rates, and liquidity providers the most familiar and effective way to manage their inventory. Through our exchange, traders can take on positions with minimal slippage, even in low liquidity markets.Â
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