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$ 1.1 Billion total assets and $ 69.3 Million in payouts, Coinshift updates, Treasury Proposals & Good reads...
Growth Numbers 🎉
Latest Coinshift Stats
Total Users - 896
Payouts - $ 69.3 Million ⬆️
Total assets - $ 1.1 Billion ⬆️
We spend a lot of time building Coinshift’s Treasury management platform & curating the latest proposals & Good reads for this Newsletter. All efforts are done to keep our readers updated with the latest implementations across Coinshift & Crypto Treasuries.
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✅ Treasury AMA with UMA Protocol featuring Kevin Chan (Treasurer, UMA Protocol)
Listen to our AMA on Twitter: https://bit.ly/3r0iXWT
1️⃣ Uniswap Proposal: Should Uniswap v3 be deployed to Gnosis Chain?
Community discussion is going around to deploy Uniswap v3 be deployed to Gnosis Chain. Uniswap has proposed to provide up to $10M for a tailored liquidity mining program.
This will provide many benefits to both Uniswap Labs and Uniswap users, some of which include:
DeFi ecosystem growth:
Uniswap would become a cornerstone DeFi engine for protocols using and interacting within the ecosystem. Perpetual Protocol is a flagship protocol on Gnosis Chain that relies on Uniswap v3.
Various bluechip deployments with growing TVL include Curve, Sushiswap, and Tornado, with many more. Current projects that are available on Gnosis Chain: https://gnosischain.world/
Uniswap Labs can experiment with new functionality and front-run new features in a real-value environment.
Uniswap can spot and remediate any final potential issues stemming from important Ethereum updates prior to mainnet activation and take advantage of optimized slot and epoch times for faster iteration.
Tight Ethereum compatibility
Tools, resources, projects, and protocols supported by Ethereum are already supported by the Gnosis Chain + more onboarding regularly.
User incentives: A large directive for the Gnosis Chain is to increase the user base and on-chain activity by strategically allocating funds from the GnosisDAO treasury to promote adoption.
Read the entire proposal here
2️⃣ Olympus DAO Proposal: BeraChain Investment + Strategic Partnership
What is BeraChain?
BeraChain is a fully EVM equivalent & IBC connected layer one blockchain that implements a novel "Proof of Liquidity" Consensus mechanism. PoLC aims to combat the shortcomings of traditional Proof of Stake validated blockchains by systemically ensuring the creation of liquidity as a core primitive required for block production.
Olympus participating in the seed round of BeraChain, as well as aligning as strategic partners with the BeraChain Foundation. They have proposed to deploy $500k of treasury assets to invest in BeraChain.
Olympus will have 2% of the total network ownership in which
1% of the genesis token supply
1% will be given to Olympus from the BeraChain strategic partnerships
Read the entire proposal here
Coinshift simplifies treasury management by providing efficient multisig tooling to save time & money for crypto teams.
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