Bonzo Bytes Newsletter - #22🗞️

Hello, Bonzo Community!

From Bonzo Finance updates to Hedera and crypto highlights, here’s everything you need to know from last week’s Bonzo Bytes 𝕏 Space.

🌊 2,800,000 $HBAR Liquidity Incentive Granted to Bonzo Finance

The Bonzo Finance RFP for credit markets is officially complete, with 2,800,000 $HBAR to power liquidity incentives for HBAR and USDC markets. Here are the current liquidity incentive configurations:

HBAR: Borrow (16.5% APY), Supply (3.3% APY)

USDC: Supply (9% APY)

These incentives strengthen liquidity and align with Bonzo Finance’s mission of becoming The Liquidity Layer of Hedera.

Ongoing Liquidity Incentives:

In addition to HBAR and USDC incentives, the Bonzo Finance protocol continues to provide additional liquidity incentives for the following assets:

• Borrowing: $KARATE (4.08%), $DOVU (4.00%), $STEAM (6.16%)

• Supplying: $KARATE (3.56%), $DOVU (2.30%)

*Current rates as of Mon, Jan 27, 5:30 PM ET. APY is subject to change. Bonzo Finance does not endorse any of the assets cited in this newsletter or the utilization of DeFi protocols.  Interacting with smart contracts carries inherent risks including total loss of funds. LTV ratios and protocol parameters are subject to change. Users are responsible for understanding the protocol risks, including smart contract vulnerabilities and liquidation mechanisms. Do your own research. Not financial advice.

🛸 SaucerSwap DAO Proposal: V2 Pool for HBAR/BONZO

The SaucerSwap DAO’s proposal to create a V2 $HBAR / $BONZO liquidity pool has advanced to the election phase, which is live now. This is an opportunity to strengthen the Bonzo Finance protocol’s decentralization and governance token utility across the Hedera ecosystem.

Election Details:

• Voting Requirements: 15 million “yes” votes needed to pass.

• Snapshot Rule: $SAUCE or $xSAUCE must remain in the voting wallet at the end of the election period for the vote(s) to count.

• Deadline: The election period ends on January 29, 2025, at 4:47 PM ET

Vote now: https://www.saucerswap.finance/governance/elections/3812

🌐 TGE Updates: Transparency and Progress

Bonzo Finance Labs recently shared a detailed update on the upcomingToken Generation Event (TGE), a significant decentralized governance milestone, in the Bonzo Finance Discord. Here are the key takeaways:

• Milestones in Progress: Smart contract audits, NFT claims design, SaucerSwap V2 pool governance election, and liquidity-focused engagements are all underway by various independent parties supporting the Bonzo Finance protocol.

• TGE Timeline: The milestone is targeted for mid-February, with final dates to be announced soon.

📌 Join the Discord for the most up-to-date information on Bonzo Finance, including development progress, priorities, and what’s next for the protocol.

💻 Empowering Developers with the Hedera Developer Playground

Building on Hedera just got a lot simpler! The new Hedera Developer Playground, created in collaboration with Kabila, is a game-changer for developers of all backgrounds. This browser-based tool allows you to experiment with Hedera’s full suite of services—Hedera Consensus Service, Tokens, Smart Contracts—all without the hassle of setting up a local environment.

For Web2 developers looking to transition into Web3, it offers a seamless way to explore blockchain using familiar languages like Java and JavaScript—no prior blockchain knowledge required. For experienced Hedera builders, it’s an essential tool for testing ideas quickly and efficiently, allowing you to focus on creativity rather than setup.

👨‍💻 Ready to explore? Try it out here: Hedera Developer Playground

🇺🇸 HBAR Listed in CoinMarketCap’s ‘Made in America’ Category

$HBAR is now officially listed in CoinMarketCap's "Made in America" category—a curated list of tokens that showcases projects based in the U.S. With recent discussions around tax advantages for U.S.-based crypto projects, this listing places HBAR in a prime position to capture increased attention from investors.

➡️ Explore the listing: CoinMarketCap - Made in America

🇺🇸 Trump Issues Executive Order to Boost U.S. Crypto Industry

In a move widely anticipated by the crypto community, President Trump has officially signed a game-changing executive order aimed at fostering a crypto-friendly environment in the U.S. Here's what it means for the industry:

• A National Priority: The order declares digital assets a cornerstone of innovation and economic leadership in the U.S., setting the tone for a pro-crypto agenda.

• Strategic Bitcoin Reserve: There’s talk of establishing a national stockpile of Bitcoin, a bold move that could elevate the U.S.’s position in the global crypto ecosystem.

• New Frameworks: The order calls for streamlined regulations, regulatory clarity, and fair banking access for crypto businesses, paving the way for growth.

• Prohibition on CBDCs: The U.S. government has explicitly banned the establishment of central bank digital currencies (CBDCs), emphasizing concerns about financial stability and individual privacy.

• The President’s Working Group on Digital Asset Markets: A new organization will develop policies to implement this vision, including a federal regulatory framework and guidelines for market oversight and consumer protection.

This is a pivotal moment for crypto in the U.S., with potential ripple effects for the global ecosystem. Stay tuned as we monitor developments and their impact on the DeFi space.

➡️ Read the Executive Order: Strengthening American Leadership In Digital Financial Technology

💡Explain Like I'm Grelf: Grelf Learns About HCS

Even Grelf gets it! Watch the very first video in the “Explain Like I’m Grelf” series, breaking down Hedera Consensus Service (HCS) and the HCS-20 points standard, used by Bonzo Finance, in the simplest way possible.

📺 Watch on YouTube or 𝕏.

🎙️Weekly Bonzo Bytes 𝕏 Space

Don’t miss our next Space on Friday, Jan 31! Catch the latest Bonzo updates, Hedera insights, and more.

Set a reminder on 𝕏

Thank you for being part of Bonzo Finance and the Hedera DeFi journey.

- The Bonzo Finance Team