Development is keeping our team very busy lately — so we thought we’d take a minute to give the community an update on what we’re working on.
Here’s a roadmap for the rest of 2021, highlighting the expected developments and releases over the next several months. NFT-focused loans, fractionalization, Margin NFT and governance are all on the horizon, so keep your eyes peeled!
Early July
veDOP (DOP staking)
Vested escrow DOP (veDOP) will be issued to users who lock up their DOP tokens for set periods of time. veDOP tokens will boost mining APY, collect pool emissions and protocol fees.
Loans Mainnet and Liquidity mining
Users will be able to borrow and lend most popular assets along with NFT related governance tokens. Liquidity mining program will start enabling users to earn DOP tokens for supplying assets, including stablecoins.
Q3 2021
AMM tokens as collateral
Integrating Balancer’s BPTv2, Uniswap LPv2, Sushiswap SLP as a collateral within the Drops Loans protocol.
Loans with Polygon/BSC markets
The Drops Loans will be launched on Polygon and Binance Smart Chain, for faster transactions, lower fees. AMM tokens from Polygon and BSC DEXes will be integrated as collateral options.
Governance for Drops Loans
The governance framework will be created for Drops Loans, enabling voting with the DOP token. This will govern factors such as collateralization ratios, DOP emissions and the addition of new token markets.
Fractionalization (Ethereum)
Building and launching the Drops fractionalization protocol. Users can pool supported NFT assets in exchange for representing dNFT (ERC20) tokens, which can later be used within the Margin NFT protocol and wider DeFi ecosystem.
Margin NFT & NFT staking testnet
Deploying the Margin NFT mechanism on testnet. Margin NFT enables the creation of collateralized NFTs which can be used for staking and loans.
Q4 2021
Fractionalization (Polygon and BSC)
The Drops dNFT fractionalization protocol will be expanded onto the Polygon and Binance Smart Chain networks.
Margin NFT & NFT staking mainnet
Once well-tested, Margin NFT will be deployed on mainnet, enabling users to acquire extra leverage on NFT-backed loans. This will also include staking of Margin NFT positions for DOP token rewards.
NFT collateral
Actual NFT assets will be enabled as collateral within the Drops Loans protocol, via Margin NFT solution. This will include NFT assets from several partnerships.
Stay Up-To-Date
To keep up to date with all the latest development and news on Drops, follow the links below:
