The Inverse Starship — Inverse DAO Weekly Newsletter — Friday 9 July 2021
Summary
- First Inverse Town Hall delivers — our course is clear!
- Inverse.finance website renewed — looking slick
- Lido stETH is booming on Anchor — $1 million
- Rewards & Marketing Committee funding proposal — thanks @Somer
- Numbers at a glance
- DAO member profile — @99Donuts99
- Meme of the week — Kiwi’s Audits coming to Inverse soon!
- Come join us!
Welcome to the Starship!
While your waiting for the warp drive to power-up — let us take you through the news of the week.
First Inverse Town Hall delivers — our course is clear!
On Wednesday 6 July we held our very first Inverse Town Hall (in the main mess) — bringing together the members of the DAO from across the world to discuss, ask questions and consider where we are headed.
@basedXeno and @MCJ from our very own marketing committee kindly played hosts facilitating the discussions.
Not to give too much away, but @Nour’s did set out his vision for consumer lending services powered by DOLA — an ambition worthy of the Starship!
Please give it a listen — available here.
Inverse.finance UI refreshed — looking slick
Community member and dev @Slokh thought the website needed a refresh — so he grinded his own stealth project to do it.
He sprung it on the community last week — the DAO was so impressed they adopted it as the official landing page for Inverse.finance
You’re a legend @Slokh — a big thanks from all aboard the Starship!
Lido stETH booming on Anchor!
We have had a healthy few weeks since launch and we are now sitting at 464 stETH in Anchor about $1 million USD worth.
Keep up to date with the Starship’s money market here (thanks @naoufel).
Rewards & Marketing Committees funding proposal
@Somer has put forward a proposal for funding the Rewards Committee and the Marketing Committee (thanks):
- PROPOSAL
- Provide funding to the Rewards Committee and the Marketing Committee.
- DESCRIPTION
- This is a 2-in-1 proposal to provide funding to the Rewards and Marketing Committees: — The Rewards Committee is requesting $100,000 USD to be distributed as INV. — The Marketing Committee is requesting $15,500 USD to be distributed as INV.
- RATIONALE
- Each respective body requires funding to execute their duties:
- - The Rewards Committee is tasked with the distribution of INV rewards on a semi-regular basis to Inverse Finance contributors, grants (yet to be offered), and covering on-chain DAO expenses (gas, deploying contracts, etc.). Most recent distribution: https://discord.com/channels/790157548845924352/790157548845924356/845739454940446781
- - The Marketing Committee is tasked with marketing responsibilities for Inverse Finance. A proposal outlining the usage of these funds is here: https://discord.com/channels/790157548845924352/840971553864548352/858003088253517854
Sounds good to us!
Numbers at a glance
Direct from @naoufel’s data-hub we are beaming the Numbers at a Glance direct to your frequency Invader:
- INV:
- Current price of INV $184(-$35)
- 7 day high/low $281/$144
- Total xINV + INV holders 1,932(+4)
- INV/WETH Sushiswap liquidity ~$451K(+$223K)
2. Defi Pulse ranking #65(-1) @ $17.4M(+3.4) TVL
3. The treasury currently holds 44,646 INV or ~45%
You can check out what @naoufel’s working on to improve the Dune dashboard as he goes — at the work-in-progress Dune dashboard here.
DAO member profile of the week — @99Donuts99
We met @99Donuts99 on the comms-deck — he had at least 10 monitors tracking everything Inverse: Discord, Twitter, Telegram. After banning a few bots, he let us in on what it takes to keep this ship running smoothly.
Can you give us a little background of your life before crypto?
Just like most of us, I’m banging out the 9–6pm life in the construction sector — but things are flexible for me — I have lots of time behind my computer to MOD and ban/kick people (Kidding).
How did you get into crypto?
In 2017, a friend of mine mentioned that he bought bitcoin and asked if I knew of it — I spoke to him about it and got really curious. I had heard that BiTcOiN iS a ScAm but went on anyways to create my first trading account on an exchange (Bittrex 👀).
When and how did you join the DAO?
I heard about INV from Uniswap Detective talking about it on twitter and his telegram group in DEC and not long after I filled in the magical google form and the rest is history. Fun fact is that Uniswap Detective got his token seized by the DAO lol.
What are you excited about for Inverse?
The future for Inverse sure is exciting as we have many gigabrains in the DAO working together, I am very sure great things will happen around here sooner or later.
What else are you into in the crypto space?
Trading and DEFI. Learning new things about defi every now and then and I would like to thank Nour, and the DAO, for giving me the opportunity to be in charge of Bittrex listing 😃!
Meme of the week — Kiwi’s Audits coming to Inverse soon!
Our meme of the week is the Kiwi’s Audits — a meme which community member @Knockerton whipped up to celebrate the kind work @Kiwi is undertaking to ensure Inverse is fighting fit! Thanks to them both!!
If you’d like to see your meme featured — post it in the #memes channel on the discord.
Opportunities to Contribute
Check-in with the marketing committee on the #marketing-ideas channel if you want to help out with implementing the Marketing & Brand Strategy.
We are always looking for extra developers to build out new functionality for the ship. So if you front or back-end dev and want to work with some of the best in the business — like @Nour and @tsnark — drop by the #dev channel in the discord.
If you know something that needs to be done please drop by the #newsletter channel and let us know so we can pop it in the next newsletter.
Till next week Invaders!
