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$ 1.2 Billion total assets and $ 71 Million in payouts, Coinshift updates, Treasury Proposals & Good reads...
Growth Numbers 🎉
Latest Coinshift Stats
Total Users - 934
Payouts - $ 71 Million ⬆️
Total assets - $ 1.2 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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About Hedgey Finance
Hedgey is a permissionless protocol that lets DAOs and treasuries create strategic financing with their tokens through public and private OTC offers, yield-bearing covered calls, and time-locked token vesting.
BetSwirl is an online cryptocurrency gaming platform, fully decentralized and anonymous, where everyone will be able to enjoy fair play, a fun time, and an innovative gamer experience.
1️⃣ Aave Proposal: Add stMATIC to Aave V3 Polygon Market
Aave has proposed to add stMATIC to the Polygon v3 market. Recently Aave successfully added stETH to the Ethereum v2 market (market size: $1.43 billion)
Goal is to help with Polygon decentralization and integrate stMATIC with the variety of protocols and DeFi applications on Ethereum mainnet and Polygon PoS chain.
Lido for Polygon will enable users to:
Stake their MATIC tokens in a decentralized and secure way
Use stMATIC on the secondary market
PoLido can bring additional value to the Polygon ecosystem by decentralizing stake distribution, and getting more capital efficiency in the ecosystem.
PoLido is a DAO governed liquid staking protocol for the Polygon PoS chain.
Allows users to stake their MATIC tokens on the Ethereum mainnet and immediately get the representation of their share in the form of stMATIC token without maintaining staking infrastructure. Users get staking rewards, can control and utilize stMATIC tokens in secondary markets on Ethereum mainnet and Polygon.
Read the entire proposal here
2️⃣ dYdX Proposal: Implement a Guernsey Purpose Trust for the dYdX Grants Program (DGP)
dYdX has proposed creating ‘Purpose Trust’ which is a big step towards solving operational and legal challenges and paving a path forward for the industry.
The Purpose Trust would have trustees, an enforcer and assets transferred to it.
8 person multi-sig committee (the “Grants Committee”) act as trustees (the “Trustees”) for this entity,
Reverie acting as the enforcer (the “Enforcer”)
Assets currently in the Grants Committee multi-sig becoming part of the Purpose Trust
Greater flexibility to distribute funds to grantees
Engagement in off-chain activity,
Minimization of the tax burden for the DAO,
Legal protection for the grants lead (Reverie) and the committee members.
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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