Drops Weekly Digest. July 19th — July 25th.

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 5%

Preparing design and scope of work to display each loans market statistics like total borrowed, reserve amount, collateral factors etc.

  • Loans on Polygon 10%

Preparing loans contracts to be launched on Polygon.

  • Defi Llama integration 30%

Preparing API endpoints that will return Drops TVL.

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