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  • Bonzo Bytes Newsletter - #6 🐵🗞️

Bonzo Bytes Newsletter - #6 🐵🗞️

🔒 Security Audits: Halborn

Author

Renly
July 15, 2024

Hey, Bonzo community!

The journey continues with significant progress in the Bonzo Finance protocol, community highlights, and industry insights. Let’s dive into the latest!

Bonzo Finance Updates

Smart Contract Audits | Halborn

Halborn has returned the first draft of their audit reports for both the main Bonzo Finance protocol contracts and the safety module. The Bonzo Finance Labs team has completed critical fixes for one repository and sent it back, while diligently working on the other, aiming for completion mid-week. The Bonzo Finance development and mainnet launch timeline is on-track — a mid-August launch is looking very promising.

Weekly Hedera News

HBAR Foundation | Credit Markets RFP

The HBAR Foundation launched their pilot Request For Proposal (RFP) process to bring a more transparent, community-supported element to grant giving. This initiative includes two credit market RFPs to meet ecosystem needs, inviting builders and developer teams to apply.

The Bonzo Finance Labs team has submitted for the RFPs listed below. We encourage the community to participate in discussion of these proposals once they go live:

  • Credit Market Development: Grants with development milestones.

  • Credit Market Liquidity: A new pool for liquidity needs with up to 10M HBAR available, to be topped up based on ecosystem demands.

Learn more and join the conversation to help shape the future of the Hedera DeFi ecosystem here.

Deloitte's ESI Platform Built on Hedera

Step into the world of verifiable impact with Deloitte’s Environmental and Social Impact (ESI) platform. Using blockchain technology, this platform ensures accurate and verifiable environmental data, safeguarding your reputation and ensuring legal and revenue security.

Deloitte’s project in the Dutch Caribbean, in partnership with the Ryan de Jongh Charity Foundation, showcases their commitment to sustainability. This initiative meticulously measures and verifies environmental contributions using advanced tools like Decentralized Identity and satellite imagery.

Discover how Deloitte is leveraging the Hedera Network for unparalleled impact measurement here.

Weekly Web3 Reads & Listens

Bonzo Finance Blog | Unlocking DeFi 2.0: The Degen’s Guide to Lending & Borrowing Strategies
Dive into DeFi lending and borrowing strategies commonly used by retail and institutional traders across Web3. From simple lending for passive income to complex recursive borrowing and leveraged yield farming techniques.

@gnovak_ on 𝕏 | UK Law Commission’s DAO Paper
The UK Law Commission has published an extensive paper (289 pages) on DAOs, covering various aspects of decentralized autonomous organizations. For a condensed overview and key insights check out Graham Novak’s tweet thread.

Unchained Podcast | The Role of Media in Crypto, Blockworks Op-Ed, and Apps vs. Infra
Jason Yanowitz from Blockworks joins the squad to explore the media's significant role in the crypto industry. They discuss challenges faced by the media in meeting client demands and industry expectations, and highlight financial sustainability and biases.

Financial Times | The return of crypto venture capital
The Financial Times reports a resurgence in crypto fundraising, with investments rising to $3.2 billion in Q2 2023, the highest since 2022. This uptick is attributed to bitcoin's strong performance and renewed investor enthusiasm, despite recent price fluctuations.

Upcoming Events

Genfinity Community Spotlight

Monday, July 15 at 2:00 PM ET

Join Brady from Bonzo Finance Labs at the Generation Infinity Community Spotlight, hosted in partnership with HashPack. This event will explore DeFi, analytics, inscriptions, marketplaces, AI tools, lending, and borrowing on the Hedera network.

Weekly Bonzo Bytes Spaces

Friday, July 19 at 12:00 PM ET

Hear Bonzo Finance’s development updates and the latest ecosystem news each Friday.