Drops DAO Weekly Newsletter: July 9 - 15
What another exciting week it’s been at Drops! The fun and innovation keep piling up as we move one step closer into 2H 2022.
So what were the key highlights from this week? For one, keep reading to learn more about our progress with NFT Mortgages - we’re sure you’ll like what you’re going to see!
We also officially announced the beginning of our new mega-campaign: The Storm. It’s hot off the press, so there’s still a chance to enter and receive an invite to one of the groups and become a part of this thrilling competition. Check the link above and engage with the tweet to enter!
On top of that, our Founder, Darius Koslovskis, was featured on a Goblin Sax podcast where he discussed his background, Drops NFT price feeds, and more! Don’t forget to have a listen if you missed it.
All of that and more in today’s newsletter - read on to get the full download!
Lending Pool Statistics
Check out the most recent stats below for our lending pools:
Total Supply: $2,707,227
Amount Borrowed: $383,483
Supplied NFTs
BAYC: 3
MAYC: 14
OTHR: 35
CyberBrokers: 24
Squiggles: 2
Highest Yield (APY)
The highest APY for USDC is available in the Drops Pool, with a supply APY of 48.93% for USDC and a distribution APY of 12.51% for DOP.
The highest APY for ETH is available in the CyberBrokers Pool, with a supply APY of 2.74% for ETH and a distribution APR of 6.84% for DOP.
veDOP statistics
DOP Locked: 1,195,512
Total veDOP: 214,038
Average Lock: 0.72 years
Product Development
This Week
NFT Mortgages tests and bug fixes
Liquidation insurance smart contracts tests pass
Launched The Sandbox LAND price oracle
Developing NFTX oracles integration
Developing Airdrop FlashClaim feature
What’s Ahead Next Week
NFT Mortgages private beta
Bug bounty on code4rena
Launch Sandbox LAND market
NFT on-chain price oracle updates
Liquidation insurance mainnet work
NFT Market Statistics
Total NFT Sales Volume
NFT sales remained steadier at the beginning of this week as the market experienced less turbulence but began to see a decline towards the tail-end. Total sales were down around 24%, with the number of sales decreasing by almost 54%.
(Source: https://nonfungible.com/market-tracker)
Top NFT Sales
The big gun NFT collections begin to reclaim their top spots among the highest sales for the week, with PUNKS and BAYC leading the pack.
(Source: https://nonfungible.com/market-tracker)
NFT Marketplace Weekly Volume & Users
OpenSea: $99.7M volume / 144K users
X2Y2: $123M volume / 6.86K users
Gem.xyz: $10.45M volume / 12.88K users
LooksRare: $16.19M volume / 3.34K users
(Source: https://dappradar.com/rankings/category/marketplaces)
What’s Happening in the NFT space
CryptoPunk 4464 sells for a whopping $2.6 million
GameStop launches its official NFT marketplace
GameStop’s Ethereum NFT sales surpass Coinbase’s in just two days
Polygon joins Disney’s Accelerator program to create AR, NFT, and AI experiences
British court rules that people can sue through the blockchain using NFTs
Chronoly.io launches asset-backed NFTs
Kevin Rose’s PROOF acquires Divergence with plans to launch a “social universe”
Tencent shuts down NFT platform, with stricter regulations coming into play
Magic Eden launches its own gaming venture arm
Drops Meme of the Week
