Dear Owls,
Here is the week 4/2022 installment of the Owlbserver. Quite a lot to go through this week so let’s get into it !
→ DeHive Finance proposed the 1st crypto index (or “cluster” in their own terms) native to the Metis Layer 2 ecosystem during a dedicated hackathon.
They also announced their future expansion on Near / Aurora after having secured a grant from the Near Foundation.
→ Cook Finance are going to create 3 single asset diversified strategy yield bearing indices for USDC, USDT & AVAX to diversify allocation for each asset into several vaults.
Despite their small AUM, the project is pretty active since they recently launched a new yield-bearing Avalanche Ecosystem Index and are currently voting to launch an Ethereum Ecosystem Index on Avalanche.
→ Genie Protocol was featured on the Nasdaq as well as the Forbes Italia websites to advertise their native multi-chain index vision (still to be executed). The protocol plans to start putting thematic indices of Ethereum- & BSC-native tokens on the market and also targets institutional investors.
→ Galleon DAO announced a strategic partnership with Beverage Finance to develop complex, leveraged structured products based on the Set Protocol infrastructure - and Optimism L2.
They also granted exclusive access to the private sale of their native token $DOUBLOON to SW DAO.
→ Enso Finance announced the extension of the liquidity migration (vampire attack) targeting Index Coop and 5 other asset management protocols, and shared a new timeline for their protocol mainnet deployement until 19th April 2022. They declared this unforeseen delay was necessary to optimize the protocol’s security (audit, bug bounties, testnet, mainnet beta).
→ Cryptex Finance, the protocol that created the Total Crypto Market Cap token $TCAP, have got their native token ($CTX) now listed on Coinbase.
I hope to extend the scope of this rubric to more in-depth analysis for the next issues, but if you have any comment or suggestion in the meantime, you know where to find me !