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The Baking Sheet - Issue #43

The Baking Sheet - Issue #43
By Tezos Commons • Issue #43 • View online
Over 200K contract calls in the first week of April, 25K clean NFTs minted, and over 1 million in TVL on Quipuswap.

Welcome to this week’s issue of The Baking Sheet!
For this week’s issue we’re going to look at metrics and comparisons of DeFi launches on Tezos and how some of the figures we’ve seen thus far correlate with earlier Ethereum-based launches.
Tezos Ecosystem Insights
The Early Innings
Zero Hour Zulu, those who have been in the Tezos community for some time should be quite familiar with - wrote some thoughts in our April Community Update
I won’t share the whole section here, but this particular passage caught my eye. 
But I want you to know that building things that endure takes unseen hard work and trials. The treasure of all this quiet work comes much later, and it will reward those early settlers who stayed and endured the hardships.
Yes, it’s true others are building air castles and promises, an infrastructure of intentions and animal charisma.
But, the world’s boring work, trillions of dollars, is built on things that endure, things which, in passing, do not catch the eye and seize the mind with slights and thralls of illusion.
We can take the above passage and apply it to today’s DeFi ecosystem within Tezos. To gain some perspective, let’s look at early launch metrics of some of the most popular DeFi launches on Ethereum. 
On November 2, 2018 Uniswap V1 was launched and deployed onto the ethereum mainnet. In just it’s first week of launch, it had over $176k of total value locked (TVL).
On a more recent note, Aave launched on January 6, 2020. In its first week of launch, Aave recorded over $3.54M in TVL.
What do these charts show us, exactly? 
These charts help paint an image for a highly overlooked asset and that asset is time. Time proportionally compounded with leverage and a community eager to support these protocols, led to the emergence of several successful DeFi applications within Ethereum. 
Only until recently, we’ve had several launches and protocols for community members and others alike to utilize. This was not the case for the point in time when DeFi protocols such as Aave and Uniswap were launched on Ethereum. 
More recently however, we witnessed the launch of Quipuswap on Tezos. In just a matter of a week, QuipuSwap recorded $1M in total value locked (TVL). 
All of the developments we’re witnessing today and the work being done by MadFish Solutions, Bender Labs, camlCase, Genius Contracts, Hover Labs, and more are all laying the groundwork for a larger and more robust DeFi ecosystem within Tezos. 
As we begin to witness more launches such as highly anticipated ones like Bender Labs “WRAP protocol”, the DeFi scenery within Tezos will surely start to look a lot different. 
We’re just in the early innings.
This Week in the Tezos Ecosystem
Quipuswap reaches a key milestone in it's first week of launch
Quipuswap reaches a key milestone in it's first week of launch
This Week in Tezos Development
Now Streaming
TezTalks Live #25 - Mario Klingemann (Quasimondo)
TezTalks Live #25 - Mario Klingemann (Quasimondo)
Arthur Breitman, Tezos: Blockchain Governance | Marc Stiegler: The Digital Path
Arthur Breitman, Tezos: Blockchain Governance | Marc Stiegler: The Digital Path
Trending on Tezos Agora
Tezos NFT Gallery - #cleanNFT
Mario Klingemann
Sneak-preview of the next @hicetnunc2000 "State of the Art" clustering. Now with over 25000 NFTs. (had to reduce the size since those JPEGs are now over 50MB) https://t.co/CMD4slvYv9
jonburgerman
I had so much fun making a Tezos logo yesterday I couldn't help myself making another piece...

- Tezos World -
1/1

https://t.co/77p3WulSsp

I'm loving the Tezos spaces!

@hicetnunc2000

#hicetnunc #CleanNFT #NFTartist #nftart https://t.co/FhnaQmZMX8
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