Weekly Bonzo Bytes 🎙️🐵

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Bonzo Finance Labs
@bonzo_financeApr 18, 2025

The Spaces focused on updates from Bonzo Finance, discussing the deprecation of the preseason points claiming process and the redistribution of unclaimed tokens via an airdrop. The introduction of a new user-specific notification system and an NFT giveaway were announced. Additionally, statistics on Bonzo's current value, TVL, and growth in the decentralized finance (DeFi) sector were presented. The speaker also highlighted Bonzo's role in supporting AI Agent hackathons and partnering with organizations to promote DeFi growth. Furthermore, industry news including market shifts toward decentralized protocols and a NASDAQ listing application by DeFi Technologies was discussed. The session concluded with a Q&A covering bridging demand and token distribution timing.

Bonzo Bytes Weekly Update

Introduction

The session began with a brief overview of the agenda, which included updates on Bonzo Finance projects, protocol stats, and broader market news. A disclaimer was emphasized regarding the personal nature of opinions shared, urging listeners to conduct their own research before making investment decisions.

Bonzo Finance Updates

Preseason Points and Token Distribution

  • The process for claiming preseason points is officially deprecated with unclaimed Bonzo being redistributed to claiming accounts and the Season 2 rewards program.
  • Distribution of Bonzo governance tokens will occur via airdrop within the next week.

New Protocol Features

  • A new Bonzo update feed feature has been added, allowing for live updates within the protocol's UI. This system is expected to evolve into a user-specific notification system.
  • There is notable enthusiasm around this feature as it enhances real-time information dissemination.

Bonzo NFT Giveaway

  • Bonzo Finance is partnering with the Hashgraph Online Dao for the Hedera AI Agents Hackathon by hosting a Bonzo NFT giveaway to promote the event. Participants can win by sharing advice and attending the Athon Roundtable.

Bonzo Faucet Rewards and Upcoming Features

  • Development of the Bonzo Faucet Rewards aimed at decentralization of Bonzo tokens is concluding, with an expected launch soon.
  • More features for improved protocol usability, tracking, and reporting are forthcoming.

Protocol Statistics

  • Total Value Locked (TVL): Bonzo Finance TVL is at roughly $34.71 million USD, holding stable despite market volatility.
  • Ranking: Bonzo Finance ranks as the third largest DeFi protocol on Hedera and 42nd across 400-450 Web 3 lending protocols.
  • Industry Observations: The strength of Bonzo's metrics suggests its use as a stable asset storage option during market volatility.

Market and Industry News

DeFi and Centralized Finance Developments

  • DeFi borrowing has surged by 959% despite a 43% shrink in the overall crypto lending market since 2021, attributed to the collapse of centralized entities like Celsius.
  • The demand for decentralized and resilient protocols is leading to increased activity, although usability remains a hurdle.

Defi Technologies on NASDAQ

  • Defi Technologies is taking steps to list on NASDAQ, signaling an industry push towards mainstream adoption.

Hedera and Community News

  • A Korean-language AMA focusing on DeFi growth in Asia will be hosted with community engagement encouraged.
  • Karate Combat is collaborating with the Underground Bowling Association for fan engagement initiatives, part of a broader trend of decentralized sports league ownership structures.

Q&A Session

  • Queries addressed included the distribution timeline for unclaimed preseason tokens and strategies for bridging strategies in Hedera's DeFi ecosystem.
  • A focus on creating incentives for cross-chain liquidity and simplifying the bridging process to reduce friction was highlighted.

Closing Remarks

The session concluded with an invitation for further questions and a reminder for attendees to stay engaged with upcoming Bonzo Finance updates and community events.