Drops

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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.

About Attrace

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. …


UI updates

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.

veDOP interface 99%

Mainnet launch is coming together with lending pools. Voting with veDOP will allocate DOP among lending pools.

NFT Lending Pools 65%

We’ve been working on deploying test NFTs to optimize NFT price oracle.
NFT price oracle is also near completion.

Non-chainlink markets 65%

Working on integrating Uniswap and Sushiswap time weighted average price.

Loans stats 60%

Building UI integration for lending markets stats page.

TVL and public stats 90%

Completed API endpoint to display supply, borrow, cash amounts for lending markets. Working on reserves endpoint…


Product Update:

  • Working on UI updates
    New landing page (100%)
  • veDOP interface 99%
    Mainnet launch (70%)
  • NFT Lending Pools 60%
    - Testnet NFT data (90%);
    - Testnet price resources (60%).
  • Non-chainlink markets 60%
    Price oracle integration
  • Loans stats 55%
    UI integration for market stats page
  • TVL and public stats 95%
    - Markets API (100%);
    - Submission to Defi Llama, DeFi Pulse (65%).

Drops Stats:

  • Total supplied: $5.9M;
  • Total borrowed: $3.2M;
  • DOP Liquidity Uniswap: $1.4M

Marketing Activities:


Product Update:

  • Working on UI updates
    New landing page (99%)
  • veDOP interface 99%
    Mainnet launch (65%)
  • NFT Lending Pools 40%
    Price oracle diagram (70%)
  • Non-chainlink markets 55%
    Price oracle integration
  • Loans stats 50%
    UI integration for market stats page
  • TVL and public stats 90%
    - TVL API (99%);
    - Submission to Defi Llama, DeFi Pulse (50%).

Marketing Activities:


Major Highlights:
$DOP — #1 gainer among lending protocols, measured by Coingecko.

Development Update:

  • Working on UI updates
    New landing page (80%)
  • veDOP interface 99%
    Mainnet launch (50%)
  • NFT Lending Pools 30%
    Price oracle diagram (50%)
  • Non-chainlink markets 50%
    Price oracle integration
  • Loans stats 45%
    UI integration for market stats page
  • TVL and public stats 70%
    - TVL API (90%);
    - Submission to Defi Llama, DeFi Pulse (30%).


Major Highlights:
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/

Development Update:

  • Working on UI updates

New landing page (30%)

  • veDOP interface 99%

Mainnet launch. (25%)

  • NFT Lending Pools 25%

Price oracle diagram (40%)

  • Non-chainlink markets 45%

Price oracle integration

  • Loans stats 40%

UI integration for market stats page

  • TVL and public stats 60%
    - TVL API (80%);
    - Submission to Defi Llama, DeFi Pulse (20%).

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.

MATIC Market Details

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%…


Development Update:

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.

Marketing Activities:
Virtual meetup hosted by Blockchain Game Alliance. Darius Kozlovskis shared more about Drops.


Major Highlights:

Last week we reached our first $1m in Total Value Locked.

Development Update:

  • Loans UI design improvements

Dynamically show how borrowing limits will change when user input new borrow or withdraw amounts.

  • veDOP interface 98%

Doing final tests before the launch.

  • Adding new token to market 90%

Can you guess what it is?
Hint: L2

  • NFT Lending Pools 7%

Defined scope of work for NFT loans MVP (v0.1).

  • Non-chainlink markets 20%

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).

  • Loans stats…


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.

Step-by-Step Tutorial

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.

Supply an Asset (Lend)

Drops

Leverage and liquidity for NFTs https://drops.co

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