Welcome to the “Builder Update”, a newsletter covering the BUILD Finance ecosystem. Please refer here for the previous issue.

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Happy New Year, BUILD Community!

We are starting the year with a bang — a new product release has been just announced. We are happy to reveal Basis Gold, set for initiation on 14 January 2020 (details below).

During the month of December 2020, we had a number of governance updates as a matter of housekeeping, but we also achieved good progress with Metric Exchange and launched Updown Finance. Let’s go through all of it in detail!

Governance Updates

BUILD community voted and passed 5 new proposals…


BUILD Finance is announcing the launch of Basis Gold. A protocol based on the work of Basis Cash which is itself based on the groundwork laid out by the original Basis team.

Gold has a $10 trillion market cap. Compared with the total market cap of all cryptocurrencies of about $1T (as of Jan 9, 2021), it’s about 10x larger. Most of the currently available gold tokens on Ethereum are custodial and limit the potential for getting exposure to the price of gold on the blockchain.

How Basis Gold works

Basis Gold is an algorithmic synthetic gold asset with the supply controlled and stabilized by the protocol. …


BUILD, a decentralized venture builder DAO, is calling for developers to join us.

Give to Receive

Release a DeFi product under the DAO, mint yourself your own project tokens, give some of them to the DAO. We’ll give you back $BUILD tokens in return, thus making you an incentivized stakeholder in the BUILD ecosystem, who benefits from the success of the DAO and each of the DAO’s products.

The terms are flexible — feel free to propose any deal you want. Subject to negotiation are:

  • Share of your project’s tokens allocated to the DAO;
  • Share of $BUILD tokens given to you;
  • Possible cash payment in DAI to…


Welcome to the second “Builder’s Update,” a newsletter covering the BUILD Finance ecosystem. Please refer here for the first issue.

The month of November was pivotal for BUILD Finance DAO as the community made a number of critical adjustments to the product suite and the roadmap. Despite some change in focus, development hasn’t stopped.

Focus and priorities

Venture building is about systematic production of new products and helping those products grow and succeed. However, just like an investment, venture building is also about setting priorities: reviewing existing positions, cutting losers and riding winners. …


HYPE PROTOCOL Adds Five New Pairs

Note: if you are unfamiliar with Hype Protocol, please read how it works in detail here.

BUILD Finance, a decentralized venture builder, is happy to announce that following the first stage of perpetual farming on the Hype Protocol, the community has executed a proposal to add five new pairs to the platform. For the first time, HYPE will be hosting external projects.

Following the launch of HYPE on Halloween 2020 where the BUILD community first tested the Liquidity Locking Protocol, $BUILD and $METRIC pools were seeded with bootstrapping incentives over a 7-day period each. …


Metric dex just shipped a new version which allows you to trade any 2 tokens wallet-to-wallet using a 0x relayer network.

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Large Uniswap fills without slippage

Say you want to buy $100k worth of ZLOT at its current Uniswap price ($450). If you just go to Uniswap and submit a 100k DAI order, you’ll get a slippage of 17.29% and end up paying 542 DAI / ZLOT.

You could also go to some of our competing dexes but many of them require you to put a single all-or-nothing order which either gets filled fully or doesn’t at all.

With Metric, you can simply paste ZLOT address as a custom token, and submit a gas-free buy limit order at 450 DAI/ZLOT at ZLOT/DAI market. …


Perpetual Farming with Liquidity Locks & Taxes

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What Is HYPE?

New DeFi projects often struggle to attract liquidity, resorting to inflating the token supply and overpaying rewards to incentivize liquidity pools (also known as “pool 2’s”). These liquidity mining schemes often only attract temporary liquidity providers which lead to price pumps and dumps when they enter and subsequently leave, hurting other stakeholders without growing liquidity that lasts. HYPE aims to help solve this dilemma.

Hype is a liquidity locking protocol, made by BuildDAO, which creates and maintains liquidity for new ERC20 currency pairs on decentralized exchanges. …


This article tries to summarize the results of the HYPE tax and its effects on the revenue of BUILD DAO.

This analysis excludes the outliers generated by the launch which are unlikely to occur under normal everyday conditions.

NOTE: Hype Protocol is a modular system meant to evolve over time and all claims here are valid only at the time of writing.

There may be inaccuracies in this article. Please do your own research and don’t take anything here as financial advice.

HYPE HAS NOT BEEN AUDITED. APPROACH THIS KNOWING THAT YOU MAY LOSE ALL OF YOUR FUNDS!

HYPE tax recipients

As explained in the HYPE docs, the tax is used for multiple purposes. …


Welcome to the inaugural “Builder’s Update,” which is a newsletter covering the BUILD Finance ecosystem.

For those who are just discovering us for the first time, BUILD Finance is a decentralized and autonomous venture builder, wholly-owned and controlled by its community. The work we do revolves around five core activities: identifying business ideas, building teams, finding capital, helping govern or manage different ventures, and providing shared services.

The organizing principle for our work together is a “beehive” model where everyone is an equal contributor. …


New projects struggle to attract enough liquidity and are forced to resort to the inflation of their token to support incentivized pools. HYPE aims to help with that.

HYPE HAS NOT BEEN AUDITED. APPROACH THIS KNOWING THAT YOU MAY LOSE ALL OF YOUR FUNDS!

How HYPE works?

To understand HYPE, it’s important to understand 2 things.

  1. All liquidity added to selected Uniswap pairs where HYPE is one of the tokens is locked and can only be withdrawn with a withdrawal fee. This fee is distributed to the remaining LPs in the pool to incentivize continuous staking.
  2. All HYPE transfers have a 1% transfer fee. A part of this fee is “recycled” back into the system and used as a farming incentive. The other part is put into the BUILD DAO treasury. …

About

BUILD Finance

Decentralized venture builder https://twitter.com/finance_build

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