Drops DAO is excited to announce a partnership with Attrace, for a Drops Loans referral program! Attrace is a leading decentralized referral system, which will enable Drops users to earn commissions for attracting liquidity providers to Drops Loans.
Attrace is a web 3.0 referral system that enables users to promote liquidity pools, initial dex offerings (IDOs) and (soon to be released) staking pools in a decentralized manner.
Users that are successful in attracting liquidity receive bounties for the additional users that they bring to the platform. …
Last week our new homepage was launched reflecting our product direction changes: https://drops.co/.
In the past month, we’ve been working on NFT loans pages. Currently, it’s over halfway until completion.
Mainnet launch is coming together with lending pools. Voting with veDOP will allocate DOP among lending pools.
We’ve been working on deploying test NFTs to optimize NFT price oracle.
NFT price oracle is also near completion.
Working on integrating Uniswap and Sushiswap time weighted average price.
Building UI integration for lending markets stats page.
Completed API endpoint to display supply, borrow, cash amounts for lending markets. Working on reserves endpoint…
$DOP — #1 gainer among lending protocols, measured by Coingecko.
We’re excited to announce the listing of Polygon (MATIC) on Drops Loans Ethereum market. You can lend, borrow, earn yield with MATIC holdings. Start here > drops.co/loans/
New landing page (30%)
Mainnet launch. (25%)
Price oracle diagram (40%)
Price oracle integration
UI integration for market stats page
The Drops team is proud to announce the listing of Polygon (MATIC) on Drops Loans. As of August 3, 2021, Drops users will be able to lend and borrow MATIC tokens alongside the protocol’s other supported tokens.
Polygon is a scaling solution for Ethereum, which is designed for the easy creation and deployment of Ethereum-compatible blockchain networks.
Markets open for MATIC on August 3, 2021. Drops Loans users will be able to lend and borrow MATIC, as well as borrow ETH, USDC, WBTC and ENJ against their MATIC holdings.
Loans borrowed against MATIC will require a collateral factor of 70%…
Working on Loans UI issues which will be updated this week.
- Mobile wallet issues
- Style update
veDOP interface 99%
- Finished testnet test and QA.
- Choosing date for mainnet launch.
Adding new token to market 99%
- Ready to launch, choosing date.
NFT Lending Pools 20%
NFT oracle and new compounding methodology integration and architecture.
Non-chainlink markets 40%
Interest model and markets configuration.
Loans stats 10%
UI integration for market stats page. Market size API ready to launch.
Virtual meetup hosted by Blockchain Game Alliance. Darius Kozlovskis shared more about Drops.
Last week we reached our first $1m in Total Value Locked.
Dynamically show how borrowing limits will change when user input new borrow or withdraw amounts.
Doing final tests before the launch.
Can you guess what it is?
Defined scope of work for NFT loans MVP (v0.1).
Working on isolated lending market where we will list NFT related tokens that are not eligible for Chainlink oracle (think fractions and low-mid cap projects).
Drops Loans is a decentralized protocol that allows users to trustlessly lend and borrow NFT-related assets. It is a fork of the popular and well-tested Compound Finance protocol, which sets interest rates algorithmically based on supply and demand.
Like Compound, Drops Loans is permissionless, allowing anyone to lend or borrow assets for as long as they wish.
Before you begin, you’ll need to ensure that you have a web 3.0 wallet such as Metamask, loaded with some Ether (ETH) to pay for transaction fees.