Pacific DeFi — Weekly Report: Sept 4 -11

Current Weekly Summary:

  1. UX/UI for App Homepage, Liquidity Pools, High-Yield Vaults have been drafted and completed. UX/UI for lending will be worked on next
  2. Token audit by NonceAudits and vesting contracts have completed. Staking and LP staking contracts are in development and liquidity mining contracts will be developed post-IDO along with the yield vault contracts
  3. UX/UI integration with Homepage App will also begin. Our team have added 2 additional resources to work on speeding up the UX/UI integration for the App Homepage
  1. New website: www.pacific-defi.com is now live!
  2. Working with BlueZilla Labs marketing team to launch our 2nd airdrop via CoinMarketCap to create buzz pre-IDO
  3. Whitepaper has also been updated and now live on website
  4. Will continue to source 1–2 influencers who can help us spread awareness post-IDO on current product developments
  5. Partnered with HyperCube to do Pacific DeFi’ s branding video — https://hypercube.video/
  1. The team will operate two pools for the liquidity mining process: PACIFIC and PACIFIC-BNB. These pools will run for 2–3 months and distribution 1–2mn tokens initially
  2. Product focus is on high-yield fixed income vaults via auto-staking strategies for stablecoin and non-stablecoin deposits. These single token deposits allow for users to generate yields across high-grade DeFi protocols on the BSC, ETH, Polygon and Solana ecosystems
  3. A ‘Lending’ feature so users can deposit stablecoins and earn yield will also be developed. These stablecoins will be lent out in the high-yield vaults to generate higher stablecoin yields and increase leverage for non-stablecoin deposits (e.g. BNB)

Note:

→ The team has decided to remove (1) Uncollateralized lending (2) Structured Products and (3) P2P fiat/crypto ramps as we want to focus on building high quality yield-enhancement products first

→ Once the team has achieved success in High-Yield Vaults, Lending & Borrowing, and the launchpad, then it will tackle the above new products as the platform grows

  1. Private sale has been completed
  2. The team will raise 400k USD via an IDO on the 17th September 2021

Current Community Stats:

Official Twitter: 48k followers

Official Telegram: 44.3k members

Contact us:

Official email address: info@pacific-defi.com

Pacific DeFi is a financial eco-system offering the best stablecoin and altcoin yields in #DeFi