Sypool monthly report in July（from July 1 to July 30)
Sypool team is completing goals step by step in July. Here is a review of what we have done in July from four aspects.
📝 About the project
After constant communications with our community, we have a clearer thought about our plan and what our strengths and weaknesses are. We want to bring our professional quantitative fund on chain, so we have to work on how to deploy traditional finance to Defi. It includes trading frequency, strategy, trust and, of course, regulations.
This month, after talking with our partners, we have developed a rough idea about the mechanism of trading quantitatively. But we are still working on the details. It will be different from any existing asset management protocols. And we are thrilled to bring this idea to reality.
🧬 About the tech
Testing, testing, and testing.
a. We are running our second round private testing. Without doubt, the test begins with the main functions of Sypool: minting and burning. We have to double-check they are workable.
b. We are launching and testing a new function which would be highly likely making its debut in the testnet. It’s a dashboard, which could present the performance of investors and managers. In the crypto world, information should be transparent so everyone could learn from the best.
👨👩👧👦 About the community
a. Our twitter increased by 6k followers, our discord increased by 5k members
b. A meme contest was held in discord. There were hundreds of funny memes submitted. Join our discord to see more.
c. A quiz event was hosted. 8684 people participated and 6740 people got full credit! 200 lucky fellows were chosen. They will get 200 SYP before we list on Dex.
“Don’t be upset if you didn’t win this time, there are dozens of activities in our planning list.”
👨💼 About investors and partners
a. Evernew Capital invested in Sypool and has become a long-term partner.
b. Parrot Protocol is jumping into fund pools with Sypool.
c. Sypool has reached a long-term relationship with BlockWall Capital.
d. LIQ Protocol will help run our backend when we launch derivatives / leverage in the future.
Here is a picture of investors and partners on board.
Some future plans
There are still many tasks on the to-do list, but we will finish them one by one. The following are some of the goals to be accomplished.
Project:
Listing on Dex.
Cex listing is being planned.
Tech:
Testnet will be launched for users to test.
Community:
There will be an interesting contest during testnet online.
An art contest is planned.
NFT blind boxes with surprising rewards are being planned.
Investors and partners:
More collaborations are being negotiated. Welcome on board.
