Weekly Bonzo Bytes 🎙️🐵
The Spaces discussion covered updates on Bonzo Finance, including the upcoming deadline for claiming pre-season points and new features on the Bonzo dashboard. Updates on Bonzo's TVL growth were shared, holding steady despite market volatility. The importance of Hedera's partnerships, like with Chainlink, was emphasized as key to developer engagement. The conversation also covered general crypto market fluctuations and the potential for increased institutional interest, highlighted by growing borrowing and lending activities. Finally, the practical use of AI development tools for creating apps without coding expertise was explored.
Bonzer Bytes Twitter Spaces Summary
Bonzo Updates
Preseason Points Claim Deadline
The discussion began with an update on the preseason points claim deadline set for April 14th. After this date, any unclaimed Bonzo will be redistributed to those who claimed, with the rest going to the Season 2 points pool. This marks the end of the preseason program with more details set for release on April 13th.
Bonzo Dashboard Updates
The Bonzo dashboard has been updated. The claim rewards button for supplied or borrowed tokens now has a redesigned model. These UI and UX improvements aim to gradually enhance the Bonzo experience.
New Feature: HBAR Rewards
Soon, users will be able to claim HBAR rewards as Bonzo tokens on the dashboard. This gives an added option beside the traditional claim as HBAR and supports the Bonzo ecosystem.
Bonzo Statistics
Bonzo's TVL (Total Value Locked) has increased to $34.5 million, up $1 million from the previous week, despite volatile global economic conditions. In HBAR terms, the TVL has increased by roughly 13%, indicating robust growth.
Hedera and Community News
Chainlink Partnership with Hedera
Chainlink's Interoperability Protocol (CCIP) is now live on Hedera, enhancing messaging capabilities across blockchains. The partnership opens Hedera to more cross-blockchain applications.
Con VI AI Hackathon
Con VI, an AI hackathon pronounced as 'Convey,' invited Brady as one of its expert judges, underscoring the intersection of AI and blockchain technologies.
Nvidia and Hedera Integration
Nvidia is integrating Hedera into their AI systems as a blockchain enhancement for scalable and verified data handling. The integration highlights the growing importance of verifiable and consensually timestamped data with AI advancements.
New Exchange Listing
HBAR has been listed on the exchange Bitbuy, providing additional avenues for buying and selling.
Market and Industry News
Cryptocurrency Market Fluctuations
Recent activity saw Bitcoin drop below $75,000 and Ether nearing $1,400, echoing conditions during last year's market turmoil. Despite this, there was a collective belief that wiser heads prevailed, steadying the markets somewhat.
Regulatory News
Paul Atkins’ appointment as SEC Chair is viewed positively for crypto, likely paving the way for future IPOs and signaling a regulatory shift towards more crypto-friendly policies.
Lending Protocols
Aave's TVL has reached $17 billion, showing resilience in a volatile market and signifying increased trust and liquidity within DeFi protocols, possibly relating to Aave's focus on collateral stability without impermanent loss.
Community Q&A
- Development Without Coding: The discussion touched on AI tools for app development for individuals lacking coding skills, emphasizing the need for experienced developer oversight, especially for complex applications.
- Bonzo’s Business Model: Questions revolved around Bonzo’s revenue, generated from fees through borrower activities. Maintained borrowing is crucial for sustained protocol revenue.
- Interest Rate Configurations: There was elaboration on Bonzo’s interest rate model and the ecosystem-specific factors affecting it, hinting at planned AI-driven optimizations.
Both speakers were optimistic about the intersections of major technological advances and the strategic positioning of Bonzo and Hedera in the broader financial and technological landscape.