After seeing an inaccurate graph tweeted out by JPEG’d, we had to provide the corrected information in the comparison chart between different NFT loan protocols.
To give further insights to the comparison of JPEG’d and Drops DAO.
Data from Dune Analytics shows activity on Drops DAO than JPEG’d
Source: https://dune.com/impossiblefinance/nft-lending-aggregated-dash
We had a great turnout for the Poker Tournament last week and we have another one coming up on Sunday the 27th of November.
Due to high demand from players that reside on multiple parts of the globe, we’ve decided to divide poker games into 2 leagues, East and West.
2 separate tournaments will be played next Sunday, Nov 27
Eastern League 9 am UTC / 5 pm UTC +8 / 10 am CET
Western League 5 pm UTC / 12 pm EST / 6 pm CET
To participate in the next tournament, fill in the form below and choose your league. Note that participation is limited to 1 league only.
Players that didn’t fill the form will not be eligible for prizes in the upcoming games.
https://forms.gle/ZkBZN8weyEjXx5cf9
We are expecting next week to have the Mutant Cartel pools go live, and are currently working on a large scale community building programme which would allow NFT communities that participate and use the Drops DAO lending products to receive unique benefits and future airdrops…
Drops Team Updates:
Testing Flashrepay contracts - accepting marketplace bid to repay the loan
Fixed UI issues
Deployed Cartel Pool contracts, testing UI
Researching APE staking to enable staked BAYC/MAYC to be used as collateral
NFT News - Highlights of the Week
Golden-fur BAYC sells for 800 ETH!
Bored Ape Yacht Club NFT #232 sold for 800 ETH on the secondary market, or about $927,000. The tokenized PFP was sold by Deepak Thapliydal, CdEO of Web3 cloud software startup Chain, and purchased by notable pseudonymous collector Keung.
Adidas purchased Indigo Herz, or BAYC #8774, in September 2021 for 46 Ethereum, roughly $156,000 at that time.
ApeCoin DAO has launched its own white-label NFT marketplace.
ApeCoin, the Ethereum-based governance and utility token used within the Bored Ape Yacht Club-linked APE ecosystem, launched in March.
Built by NFT infrastructure company Snag Solutions, the new community marketplace lists for-sale NFTs from Yuga Labs-owned NFT collections like BAYC, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherdeed for Otherside.
Zach Heerwagen, CEO of Snag Solutions, said the platform offers “unique features built specifically for the BAYC and Otherside communities, including ApeCoin staking and NFT metadata integrations.”
The platform also offers a reduced-fee structure for sellers – .5% fees on ETH transactions and .25% fees on ApeCoin transactions – and holds .25% of each sale in a multi-signature wallet to fund future decentralized autonomous organization (DAO) initiatives, creating a benefit loop for ApeCoin holders.
Tweets of the Week
Lending Pool Statistics
Check out the most recent stats below for our lending pools:
Supplied: $1,477,681
Borrowed: $324,813
Highest Yield (APY)
The highest APY for USDC is available in the Ocean Pool, with a supply APY of 10.14% in USDC and a distribution APY of 15.87% in DOP.
The highest APY for ETH is available in the Sea Pool, with a supply APY of 14.43% in ETH and a distribution APR of 54.69% in DOP.
veDOP statistics
DOP Locked: 2,017,234.44
Total veDOP: 322,654.12
Average Lock: 0.64 years
NFT Market Statistics
Total NFT Sales Volume
Source:
https://cryptoslam.io/#sales-rankings-7d
Top NFT Sales
Yuga Labs makes 6 of the top 7 NFT sales this week.