Welcome to our bi-weekly newsletter date from 2nd July to 15th July.
🐱👤IOSG Insight
(1/5) Announcement:
We are glad to be part of a big community that emphasizes collaboration and innovation and we want the connections to go even deeper. IOSG now part of the Metacartel Ventures China (a Chinese fork of Metacartel Ventures) , which focus on investing in China’s early stage project . As an early participant, IOSG Ventures will actively work with community member in finding great talents and helo them achieve their ambitions.
(2/5) Comparison of Insurance providers
The traditional insurance industry has the following pain points:
- Need to trust agency: customers have to trust in insurance companies, including their investment methods for funds, how to pay insurers and when to pay.
- Low transparency: It is difficult for customers to evaluate insurance companies because the insurance industry is full of information asymmetry.
- High supervision costs: according to historical statistics, about 35% of the insurance premiums paid by policyholders are paid to the friction costs caused by supervision.
At present, many people concerns about DeFi lack a stable and safe insurance business as DeFi market value is booming. Due to the high price volatility of digital assets and the problem of smart contract security, it is still too early for traditional insurance companies to provide services for DeFi or digital currencies in still cutting-edge fields. Hence we believe decentralized insurance is the area where projects has the potential to disrupt.
Blockchain technology and smart contracts can not only eliminate the problem of low management efficiency, but also eliminate most of the costs related to governance and supervision. They can provide trust in a more cost-effective way (trust has been transferred from institutions and regulations to transparent code).
(3/5) Comparison of decentralised option platform
We did a comparison between two decentralised option platform. Overall Opyn is doing better job in safety, transferability, price and scale; and Hegic is better in terms of flexibility and capital efficiency of liquidity pool. They all provide American options, which is more flexible and friendly from the perspective of buyers in contrast with all the other centralised option platform providing only European.
(4/5) Liquidity mining landscape
Each month, $22M is distributing to liquidity miners. Defi projects should think about long-term interest alignment: The current liquidity mining in Defi is more like a game where the users are playing. People are doing liquidity mining not because they are betting on the success of the company but wherever the most profitable opportunity is at any given time.
(5/5) Summary of running ETH 2.0
We have trying out a testnet node for Ethereum 2.0, overall it has been a smooth experience! Check out our thoughts which had been retweeted by Vitalik Buterin.
🐱🐉Industry
DEX protocol maker 0x launched Matcha, a DEX aggregator that helps people find the best price for whatever Ethereum-based token they want. Read more
Huobi has announced an integration with Chainlink, with plans to leverage its oracles to make the exchange’s trading API available to smart contracts. The integration would make realtime market price data available to DeFi and other dApps. Read more
Nexus Mutual has announced the introduction of a new Staking system whereby platform users can stake and receive rewards for contracts they consider safe. Read more
DeFi derivatives trading platform MCDEX is now listed on Defipulse and launched liquidity mining on July 8. Read more
Algorand today announced Pocket Network, a decentralized infrastructure platform for developing peer-to-peer applications, will also be natively supported on Algorand. Read more
Compound Governance proposal 016 was adopted and WBTC mortgage increased to 40%. Read more
DeFi Alliance of Chicago announced 11 new members, including DeFi lending platform Aave, Silicon Valley venture Capital firm ParaFi, Singapore hedge fund Three Arrows Capital, Gauntlet, QCP Capital, Framework Ventures, Ledger Prime, Jon Kol, Manna Research, Altonomy, and Fractal Wealth. Read more
🐱🚀 Our portfolio companies
Marlin Protocol released OpenWeaver, a scalable solution applicable to any blockchain, to deploy a relay network across a cluster of nodes almost instantaneously. Read more
Polkadot has announced the first hackathon with Kusamu called “Hackusama”, which will last 7 weeks with $30,000 in prize. Read more
Maker Governance approved Kyber, Infura, Etherscan and Gitcoin as Light Feeds for MakerDAO’s Oracles. This represents a step towards a further decentralization of the protocol. Read more
Kava has completed the software upgrade of version 0.9.1. Within 30 minutes of completing the upgrade, the new BNB mortgage amount reached the system limit and the value of mortgage BNP tokens reached about $2.5 million. Read more
Filecoin created a partnership with Truffle to help developers create fully decentralized applications. Read more
Katalyst Protocol Upgrade and KyberDAO have been launched on mainnet! Katalyst primarily aims to meet the liquidity needs while KyberDAO empowers the community to participate in governance and shape the future of Kyber Network. Read more
Dfinity announced its “Internet Computer” is open to third-party developers. The Internet Computer and its open services are a public alternative to proprietary cloud infrastructure that supports emerging innovations through secure software and open-source internet services. Read more
Zilliqa partnered with Switcheo to build a bridge between Ethereum and the Zilliqa chain and bring Binance backed BUSD stablecoin to Zilliqa. Read more
Nervos announced that LeapDAO will build a sidechain framework compatible with Ethereum Virtual Machine for Nervos. Read more
Ocean Protocol and Mercedes-Benz (Daimler AG) reached a cooperation to establish a secure B2B data market and monetize the data. Read more
🦄 About IOSG
Founded in 2017, IOSG Ventures is a research and community-driven concept.we are focusing on Open Finance, Web 3.0, and cross-chain industry. We have over 60 investments and been actively involved in various developer & DAO communities. We invest in top teams with innovative ideas, operational excellence, and a robust community, and always supportive to IOSG portfolios to grow local communities in China, the US, and Germany.
If you would like IOSG Ventures to consider your project, please send a summary of your project along with a pitch deck and/or white paper to [email protected]
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