What a Month! Popsicle Update — April

Hello again everyone!

What an incredible few weeks it has been for us and the whole Popsicle.Finance community. In a little over one month we have grown our Discord to over 8000 members, and now have well over US$100mn TVL across 3 blockchains.

Before we get started on today’s update — the whole team would like to first acknowledge everyone who has been with us for this journey so far and say thank you to the invaluable contributions of our community. Thank you all!

So…What comes next?

As those of you who spend time in our Discord know — over the past few weeks, the team has had the proverbial “nose to the grindstone”, building, delivering products and putting partnerships In place that will carry ICE and our community to the next level.

That being said, we know good communication is critical to the success of any project, and we know we’ve been quiet here on medium. So following our 3rd discord AMA this past Sunday (over 200 participants — Audio HERE) we wanted to provide an overall update on where to from here.

Governance

Right from the start, we have put our principals of progressive decentralization and community governance to the forefront. In continuing with this focus — the next “product launch” for Popsicle will be a more dynamic governance portal, which will be the first of its kind to allow cross chain voting. As we are a multi-chain native platform — we believe it is critical that we allow our holders to be able to participate in governance equally, regardless of chain. As this didn’t exist in the market, we built it.

As for the first topic covered — based on feedback from our discord community — a proposal regarding ICE inflation rates will likely be the first topic covered.

Beyond this we are also looking to push forward a shift for our treasury to a multi-sig setup asap.

In regards to how we are approaching weighing the votes of our community members, again, we leaned heavily into the feedback and suggestions from our community and are implementing a quadratic approach to voting, which takes into account the amount of tokens held, as well as length of holding. Essentially, this ensures that community members who have shown to be longer term holders have an increased voice in the direction of the platform.

Near term prod launch: “The Popsicle Stand” (Farming as a Service)

Following the smash success of our multi-chain IFO (initial farm offering) we wanted to extend this service to the broader crypto community. As such, in the coming weeks we will be launching our “pool/farming as a service” solution to the market.

Here, projects will have the ability to quickly and easily add their token pools to popsicle.finance in order to provide a place for their community to stake and create liquidity pools across multiple chains.

Any project that would like to host a pool on Popsicle will be able to, by filling in a simple application form covering the key parameters our dev team need to implement the pools, such as; how many token to allocate to incentivize the pool, how long to run their program, do they want to issue only their token to stakers, or multiple tokens from multiple platforms, etc.

Once this is confirmed, the application submitted, and the necessary tokens required for the pools to be incentivized have been transferred — our dev team will be able to rapidly launch the new pool.

This service will carry a small fee, which will accrue to the Popsicle.Finance treasury — and will represent one of the first fee/income streams into Popsicle. How these fees are later used by Popsicle Finance will be shaped by our community.

Longer term Product Roadmap: Gelateria + Sorbetto

Sorbetto

As covered in our March 16th Medium Post — “Popsicle.Finance is going live!” Sorbetto is Popsicle.Finance’s cross-chain yield enhancement platform for LPs — or more simply put — “Yearn for Liquidity”.

• “Yearn V1 moves funds between vaults of different lending platforms. This is what we are doing with Sorbetto, except instead of lending platforms we do it for dexes and we do it cross-chain — where the yield is the best, is where we will be. CEO Dani

The Gelateria

The Gelateria will be the core lending platform on popsicle finance and is a collaboration between Popsicle and CREAM. As a first step, we are working with the CREAM community to add ICE to their lending platform. Given the strong support we have from the CREAM community, we expect this to be available shortly.

Both of these products are well underway in terms of being built out and we will continue development and testing over the next 1–2 months with the goal of launching both products in the coming quarter.

Finally — The Audits

We engaged CERTIK a number of weeks ago for complete auditing of our smart contracts and expect their results in the coming 2–3 weeks. We are also pursuing a number of longer term working partnerships with auditing groups with an aim to have continuous QC and auditing support as our team continues to push out the boundaries of the multi-chain space.

Once again — Thank you everyone for your early support and for the incredible community engagement!

We’re excited to keep delivering innovative new products for you, and as always, we look forward to hearing your feedback!

Ciao-popsicle.