finance.vote/update: The Assembly #01

Status Update

• The successful auction of the $FVT token took place on the 18th November 2020.
• 850 ETH was collected and paired with 19.6m $FVT to discover a listing price of $0.02, completely non-custodially. Forming the liquidity floor for the token.
• The first alpha version of the vote markets have concluded. Users successfully predicted the $YFI token as the winner and 53 votes will share the 100,000 $FVT rewards pool.
• This completes the launch phase of the finance.vote network, which has two functioning products auction.vote and the finance.vote vote markets.
• Following network genesis, we now open up the Obelisk phase of the network.

Forthcoming Work Packages

Liquidity Mining

• Liquidity mining is the process of routing part of a network emission to liquidity providers (LPs) for providing market depth.
• The finance.vote liquidity mining offering will launch a contract that utilises a range of new token economic primitives, including pulsed liquidity mining and token gated liquidity pool formation.
• With this project we aim to bring coherent token governance to liquidity pool formation, allowing token holders to govern the monetary policy of the pools.

Vote Markets

• The vote markets are a quadratic voting based prediction market system. It is designed to allow users to reach consensus on which tokens in DeFi are most likely to perform in the market.
• The front end will be upgraded to show previous and current consensus on future market predictions.
• A user profile screen will be added to allow user withdrawal shares of the reward pool and upgrade their voting power.
• Our “Winner” Token List is now open for crowd curation. Winning suggestions will share a pot of 50,000 $FVT.

Media

• Finance.vote will launch two video series, “The Assembly” and “The Exit Poll”.
• The Assembly is a weekly finance.vote update series. We will discuss live technological developments, the roadmap and community engagement strategies.
• The Exit Poll, is a weekly review of the markets, using our vote market data to drive the conversation.
• We will be engaging a range of mainstream news outlets to spread the word about the innovative technologies in the finance.vote ecosystem.
• Our media function will drive engagement to our vote markets, this will include New Tokens, and Pre-Release Tokens in the future.
• A new .vote application will be launched in the near future that will revolutionise AMAs, utilising snapshot voting and $FVT token stakes.This will be a first utilisation of the .vote consensus mechanism for content curation.

Partnerships

• We have partnered with TIDAL Finance, a balancer-like marketplace for DeFi insurance. We will be utilising our decentralised identity tokens to produce a decentralised peer review mechanism.
• We have formed a Reef Finance to explore the formation of asset baskets using our vote market data as a rebalancing mechanism.

Subscribe to our YouTube channel to see video updates of the Assembly every week.