Bonzo Bytes Newsletter - #61 🐵🗞️

Hello, Bonzo Community!

Welcome to another edition of the Bonzo Bytes Weekly Newsletter.

In case you missed it, we held our live monthly Bonzo Finance AMA on Friday! The team took the stage to pull back the curtain on recent developments, discuss upcoming protocol roadmaps, and answer anonymous questions from the community.

🎧 Listen to the full 𝕏 Space recording: June 5 AMA 

Bonzo Points Season 6 Ending & Season 7 Kickoff

The countdown is officially on! Bonzo Points Season 6 will conclude today, Tuesday, June 9.

Claiming Your Points: The claim window for your Season 6 points is scheduled to open later this week. Keep a close eye on our social channels for the exact date.

Next Up, Season 7: Get ready - we are thrilled to announce that Bonzo Points Season 7 officially kicks off on June 10!

Bonzo Governance Forum Updates

The Bonzo Governance Forum is live and open for business. This serves as the foundational milestone on our path toward decentralized governance. We have two proposals live on the hub right now, and both are expected to be implemented this week!

DOVU Risk Parameters Update: This proposal marks the start of our relationship with independent risk stewards to systematically and safely optimize protocol parameters. The proposal outlines parameter adjustments for supply caps, borrow limits, and Slope-2 interest rates for the $DOVU asset to safely expand liquidity capacity while preserving robust liquidation margins.

List WBTC on Bonzo Lend: A proposal is live to list LayerZero-bridged Wrapped Bitcoin on Bonzo Lend. Initial caps are set conservatively at a 2 WBTC supply limit and a 0.65 WBTC borrow limit to match local SaucerSwap liquidity and prevent slippage.

While both of these initial parameter changes will pass via centralized execution as we onboard users, we want the community to treat this phase as a true "Dry Run" for decentralized governance. Head over to gov.bonzo.finance to register your account, read the guidelines, and drop your active thoughts and technical feedback directly in the threads.

New ORBIT Vaults Are Live

We are officially expanding our automated liquidity management options! In partnership with Orbit, two new Bonzo Vaults have officially launched: $ORBIT-$HBAR and $HBAR-$ORBIT.

You can now put your $ORBIT to work via Bonzo's automated yield-optimization engines. These vaults maximize efficiency and compound rewards seamlessly across the Hedera DeFi ecosystem, removing manual complexity.

Deposit into the new vaults here: app.bonzo.finance/vaults

Quality of Life Update: Mobile Vault View

We just shipped a minor frontend optimization to improve the mobile experience on Bonzo Vaults.

When viewing individual vaults on your phone, the Liquidity tab now features a vertical card breakdown instead of a cramped table, making it significantly easier to track asset distributions on the move. Don't worry, desktop users—the original table layout remains exactly the same for your larger monitors.

Check out the new mobile layout: app.bonzo.finance/vaults

Bonzo Finance TVL & Scoreboard Update

🔎Track Bonzo Finance on DeFiLlama or see analytics on the Bonzo Finance app

Weekly Bonzo Bytes

Our weekly Bonzo Bytes 𝕏 Space returns on Friday, June 12. We will be covering the latest Bonzo Finance updates, major Hedera ecosystem movements, and macro Market & Industry news from across the wider crypto space.

🔗 Set a reminder on 𝕏

Thank you for being part of Bonzo Finance and the Hedera DeFi 2.0 journey.

- The Bonzo Finance Team

The views shared in this newsletter are personal opinions and do not represent official Bonzo Finance advice. Any forward-looking statements about Bonzo Finance and its associated projects involve risks and uncertainties. Please do your own research and consult a professional before making any investment decisions. Bonzo Finance is not liable for any actions taken based on the information provided.