TLDR:
- Brahma Console’s Alpha Waitlist 1.0 concluded with thousands of waitlist applications pooling in for a testooor spot.
- Brahma recaps its year in the journey and hints at what the next phase entails with feature highlights of what to expect from Console; a powerful DeFi automation tool that launches with its pilot phase testing in April 2023.
- Console Waitlist 2.0 is currently ongoing and closes soon.
- Steering through turbulent industry shake-offs, Brahma Vaults remain forward-looking, safu and yielding.
- Incremental boosts to karma’s on-chain mechanism for active weekly scoring updates, deployed.
Planned Vs. Achieved
Navigating through turbulent shifts in the market, shielding from the sixth largest hack in DeFi, all while building a new power-tooling ecosystem from the ground up, it’s safe to say it has been quite a month. Not to mention, another successful vault cap increase for the ETH Maxi DegenVault.
Through and through, shipoooing of the the upcoming DeFi power tool, Brahma Console remained unruffled. As Brahma, unlocks the complete power of DeFi accessibility backed by the custodial harness of SAFE, Gelato and Chainlink, there are a lot more updates and automations in the making.
Current times shine more light on the need for self-custodianship and complete asset ownership. Brahma Console strives to take this a notch higher by plugging in custom controls and actions that power up your yield generation avenues in the safest, most controlled environment. Keep put, more on this throughout the recapoor.
But first, let’s take a quick look at how existing vaults yielded in February 2023.
Monthly Vault Performance:
PMUSDC: (https://app.brahma.fi/vault/pmusdc)
1. Total yield earned this month: 2205.36 $USDC
2. Average APY for the month was: 1.01%
3. Projected APY for March 2023 is: 2.39%
4. Signal accuracy for trades taken was: 50%
5. TVL filled: 1.5 of 1.7 mio $USDC (92% filled)
ETH Maxi DegenVault: (https://degen.brahma.fi/vault/ethmaxi)
1. Total yield earned this month: 2.075 $ETH
2. Average APY for the month was: 5.06%
3. Projected APY for March 2023 is: 6%
4. Signal accuracy for trades taken was: 50%
5. TVL filled: 589.5 of 750 $ETH (78% filled)
PolyGains DegenVault: (https://degen.brahma.fi/vault/polygains)
1. Total yield earned this month: 2250.79 $MATIC
2. Average APY for the month was: 7.82%
3. Projected APY for March. 2023 is: 9.96%
4. Signal accuracy for trades taken was: 50%
5. TVL filled: 724K of 1 mio $MATIC (72% Filled)
TopGear Vault: (https://degen.brahma.fi/vault/topgear)
1. TVL filled: 586 of 720K $FRAX (81% filled)
2. Average stETH APY= 5.19%
3. Average ETH borrow rate = 3.31%
4. Projected APY for March 2023 is: 3.82%
View active credit accounts here
Plans ahead, March 2023 and beyond
Brahma Console: Alpha phase, soon.
Brahma Console is all set to automate DeFi actions on their SAFE while users maintain complete control of their assets. This is done without the need for proxy contracts, vaults, or pooling of funds. Brahma transparently and reliably handles the execution and monitoring of these actions on-chain, leveraging Gelato. Console offers many DeFi UX improvements, including a multicall transaction builder and simulator, segregated SAFE subaccounts, and custom automation triggers.
Alpha 1.0 pooled in thousands of interested applicants, curious to experience the product first-hand. After much internal streamlining, initial invites to the select few have been rolled out and are in the process of being finalised. Devs are implementing additive features and actions to make the initial experience novel yet intuitive.
As we speak, the final timelines, updates and invites are being discussed for April 2023 alpha launch, available initially to only the select-few degens.
Apply while you can for Console Waitlist 2.0: https://console.brahma.fi/
Read more about Console here.
Incremental Community Updates
A more stringent approach to karma scoring updates has now entered the chat.
With a calculated tweak to the on-chain computational mechanism, karma will weekly and monthly award the most loyal vault depositooors. While off-chain efforts and badges update every 2nd and 4th Friday of the month, degens can expect to see a more assertive shift in overall karma scores. In case of any queries regarding stagnant karma, feel free to open a ticket on Discord to seek necessary guidance.
Stay tuned for more contributional tasks and bounties coming your way, soon. In the meanwhile, feel free to contemplate how Brahma Console will change the DeFi landscape in the coming few months and years.
Meme maestros, threadoors and Karma maxi’s all aboard, it’s time to take control!
For more updates: Twitter | Discord
Disclaimer: The content of this post is provided for informational purposes only.
This article is not an offer of securities, an invitation to sell or a recommendation to subscribe for or purchase any securities, and it has been prepared without any consideration of particular investment objectives. Nothing herein constitutes investment advice or recommendation.
