#6 Secured by Secret Network and expected to launch April 2021, @sienna_network is building a new interconnected DeFi protocol that allows for a privacy-preserving lending, borrowing, and trading experience.
The Secret Loan project aims to provide lending for small structured debt that have fixed interest and can interact using stablecoins using ACH relationships and aggregating POS loans.
@assafmo of Enigma MPC presented at #HackAtomRU by Cosmos. Assaf showed how to generate a secret random number using private inputs and private state, something that is only possible on Secret Network.
Secret Heroes is an NFT based card battle game based on secretNFTs. Players buy packs for fighter cards(NFTs) and don't know their opponents fighters strength before the fight.
On March 19th, @CitadelDAO released the first sneak peek of their mobile wallet that is soon to integrate and use the Secret Network bridge - which includes the ability to use and store Secret Tokens in the mobile wallet.
#20 Secret Network Website Updates
There has been a surge in community participation with updating the main Secret Network open-source website. This has resulted in an overhaul of the developer landing page, as well as the inclusion of a new sub-navbar for featuring media!
There is an entire ecosystem of uTokens that are claims on constantly accruing interest (in the form of uTokens). uTokens can simultaneously be used as collateral.
3/🧵 #Umee will also features meTokens which are essentially staking derivatives except the interest stream accrues in the form of meTokens (such as meATOM) that can then be used elsewhere in DeFi
Building is a tense endeavor - grinding away towards an unknown future.
From July 2021 - February 2022 (8 months) I was on fire for Web3. The dream of Shade Protocol and getting a team fulltime was my sole focus...
🧵2/
Countless tired nights.
I remember taking a set of pitch calls one tireless night at 11:00 pm, 1:00 am, 4:00 am., 7:00 am, and then working the rest of the day from the same co-op work space. Grinding out whitepapers, pitches, content, vision casting, interviews...
🧵3/
...building out the team, forming companies, benefits, the whole nine yards. This of course led to burn out. In February, post initial Shade airdrop I finally felt like I could take a deep breathe. But I felt a certain dullness.
I'm seeing people question the dedication, skill, size, and commitment of the Secret community.
Here is a thread highlighting the many people who have made an immense commitment Secret - impacting the larger Interchain community.
THREAD 👇👇👇 $SCRT
2/ @GuyZys author of the original whitepaper that eventually birthed Secret Network.
Guy is a visionary - he saw the future of privacy-preserving smart contracts before anyone else, gathering hearts and minds to make @SecretNetwork
Without him, none of us would be here. $SCRT
3) @TorBair - Tor's unwavering support for the ethos of privacy and how it can change the world has never been shaken. He has pushed the community to be something special. Hours of calls. The burden of responsibility and true leadership.
DeFi to date has had very few regulations in place outside of a couple of earmark cases such as EtherDelta / DAO in 2018. Part of this appears to be due to a lack of understanding from regulators about DeFi and how it operates.... [Thread]👇👇👇 #bitcoin#DeFi#blockchain
In addition, the neckbreaking rate the DeFi community continues to innovate at makes it even more difficult for legislators to keep pace.
Which regulators are relevant to which parts of DeFi? ....👇👇👇
There are governance tokens, LP tokens, trades, and a decentralized community all partaking in this permissionless ecosystem of tools known as DeFi.
Regulators are typically inspired by consumer-protection, while not wanting to stifle innovation and progress... 👇👇👇