Hi Lysters! Since our last Community Update, it’s been some time and we have a lot of news to share. Let’s get right into it.
General: As promised, our landing page has now launched: lyst.finance. The team has expanded by onboarding a fulltime full-stack developer and financial analyst. We have participated in ETHGlobal’s #HackMoney2021 hackathon.
Development: We have made great progress in building our first synthetic derivative, also known as cAssets. Specifically cPunk, a price feed derived using hedonic linear regressions and real-time on-chain data of CryptoPunks.
Over the course of the next 3–4 weeks, we will be integrating this cPunk price feed into our DeFi platform on testnet so that everyone can use it and see how our platform will work.
We will be expanding this pricing model to other NFT markets and analyzing the potential for manipulation and how best to mitigate this risk.
Business: We have gathered interest in our platform but have not signed a deal yet. The prototype of our platform will be used to raise capital so we can expand the team and explore variations of our pricing model to expand to the entire NFT market.
Marketing: Catalyst’s community size has now marginally passed 2,000 members. We have an ongoing incentives program that will end at the end of this week and are working on an Ambassador Program to be launched shortly.
