Summary
Analytics Working Group
Paving the way for Positive Sum DeFi
February Transparency Report
Revamped Docs
Numbers at a glance
Meme of the Week
Opportunities to Contribute
Welcome to the Starship!
It’s been another eventful week for Invaders. On this issue of Inverse Starship, we would like to give updates on CEX launches, the Revised Growth Working Group Proposal, and more. Let us sit back, relax, and recap what has been going on in this week’s Inverse Starship.
Analytics Working Group
If anyone has spent a good amount of time in the Inverse Discord, you might have seen Naoufel around doing some amazing work with the analytics regarding Inverse Finance. The Dune dashboard that we take information from regularly is made by Naoufel, and he has been an integral part in terms of the analytics side of INV. Recently, Naoufel has brought up the need to create an Analytics Working Group, where the main objective would be to “provide the data and tools critical to Inverse different business areas operations and to ensure its transparency. The objective of this WG will be to define further and develop Inverse DAO Data Strategy.” The proposal asks for $16,170 DOLA for Analytics expenses. For more details about the proposal, you can take a look at the details here.
Paving the way for Positive Sum DeFi
One message that we have been pushing for the past couple of weeks is Positive Sum DeFi, which is basically creating an incentive structure where all parties benefit. The current governance structure for most governance and rebasing tokens right now is zero sum: one party benefits while the other party loses something in the process. With INV+ and positive sum DeFi, we are aiming to create a system where everyone wins by “driving a share of revenues or profits from a DAO’s business directly to token holders.” This includes having milestone rewards for INV holders. As we reach intermittent milestones for Inverse, we will give rewards to tangible monetary rewards to INV holders as well. That way, everyone wins in the process, and Governance tokens are more than just for governance. These discussions are currently still ongoing so please stay tuned!
You can find a concise summary of Positive Sum DeFi and Inverse Plus here.
February Transparency Report
With the addition of our new members on board, we have started including monthly transparency reports on how Inverse is doing and the state of our treasury. Here is a quote from one of our Treasury Leads Crypto Harry.
Overall it has been a tough month with a lot of uncertainty in the markets causing a drop off in lending revenue and borrowing demand, however the treasury was able to build a lot of value due to the bonding program. Inverse Finance is in a very strong position to capitalize once the macro environment settles.
You can take a look at the transparency report right here.
Revamped Inverse Docs
At Inverse, we are constantly trying to promote educational material so that new users can easily grasp what Inverse Finance is and our various products. As a part of this initiative, we have revamped our Docs page to include everything that you may need to know about the protocol and what our mission is. If you have any questions about Inverse, feel free to take a look at our new docs page here.
Numbers at a glance
With @naoufel’s amazing work on the data-hub, the Starship is here to show you the latest analytics on Inverse Finance.
INV:
Current price of INV $$285
7 day high/low $332/$284
Total xINV + INV holders 1595
INV/DOLA Sushiswap liquidity ~$3,393,648
Defi Pulse ranking #56 @ $31.9M TVL
You can check out what @naoufel is working on to improve the Dune dashboard as he goes — at the work-in-progress Dune dashboard here.
Opportunities to Contribute
Check-in with us on the Discord if you want to help out and be a part of the Inverse DAO. All help is welcome so don’t be shy!
We are always looking for extra developers to build out new functionality for the ship. So if you are a front or back-end dev and want to work with some of the best in the business, drop by the #recruitment channel in the Discord.
If you know something that needs to be done, please drop by the #newsletter channel and let us know so we can pop it in the next newsletter.
Till next week Invaders!