Brokkr Community Update September ‘22
Brokkr Finance and the BRO token are finally back!
After months of hard work of getting back from the devastating Terra meltdown, the relaunch on Avalanche is complete!
From now on, each month we will publish high-level updates about the most important Brokkr achievements, and give you a heads-up on what’s coming next.
Finally, the $BRO token got released on TraderJoe 🔺!
https://traderjoexyz.com/pool/AVAX/0x65031e28cb0e8cc21ae411f9dd22c9b1bd260ce4#/
($BRO token address: 0x65031e28cb0e8cc21ae411f9dd22c9b1bd260ce4)
TL;DR
• $BRO token live on TraderJoe! 🔺
• Avalanche migration was successful and everyone received their BRO assets
• +40–60% bBRO Staking BONUS live
• CALM Portfolio audited → Caps will be removed soon
• Focus on integrations and partnerships to scale Brokkr
• We’re looking for intros to DAOs, builders, and web3 interfaces
Key Metrics
TVL in Portfolios & Strategies: n/a due to relaunch
TVL = Total Value Locked
Brokkr’s main metric; how much has been deposited in the Portfolios.
Due to pending audits, the first portfolio CALM was capped. We expect to go through the audit by the end of this week to remove the caps.
# of BRO stakers: 2130
The number of wallets that actively stake $BRO tokens.
In the first AVAX $BRO airdrop we migrated BRO tokens to 2130 wallets that got their tokens staked. On Terra, over 60% of all $BRO tokens were staked. We aim to get similar numbers on Avalanche.
👉 Check the DAO statistics here 👈
Progress
The last few months were about migrating to the Avalanche ecosystem. First automated strategies got released, users' assets are migrated, and $BRO is live as well. But we accomplished more.
- Stablecoin portfolio CALM consisting of three different strategies was released
- BRO token was migrated and airdropped to every linked wallet
- DAO & token contracts have been audited
- Custom Unstaking Period mechanism was deployed
- Landing page https://brokkr.finance/ reworked and relaunched
- Community Rewards Season #2 ended with more than 600 participants creating memes, articles, videos, and strategies — you’re AMAZING 🔥
40–60% bBRO Staking BONUS
The bBRO Staking BONUS also applies for newly bought $BRO!
You can get up to 60% more bBRO if you set Unstaking Period to 6 or 12 months.
This event applies to new stakes and restaking! Stake here 👈
Next Steps
Brokkr has the potential to become THE investment infrastructure layer.
Anyone can integrate the portfolios and offer investment options directly from their dApp. Imagine wallets or trading platforms that integrate Brokkr to expand their services.
We also see potential in attracting DAO treasuries and bigger players. They’re dealing with the same problem as Brokkr treasury — Where to put the capital to work with the least risk. Brokkr Portfolios solve that.
The investment infrastructure for automated strategies.
We’re already in talks with both groups to find the best partners. In the meantime, short-term goals are:
- Finalizing Portfolio contract audits and removing caps on the CALM portfolio
- Discord Forum launches for signaling DAO votes
- TraderJoe v2 migration
- Two new portfolios are WIP
- MultiSig for investing in portfolios
With the current focus on integrations and DAOs, we are looking for all intros we can get! Do you know any DAOs, Wallets, or DeFi platforms that might be interested in what Brokkr offers? Lets us know!
Disclaimer: Brokkr strongly advises readers and users to do their own research and reach out to our community on Discord and read Brokkr T&C.
Follow Brokkr on:
🌎 BRO Website
🐦 BRO Twitter
🎮 BRO Discord
✉️ BRO Telegram
