Quite the list, huh?
This map helps put everything within the ecosystem in an easier to gloss and understandable manner. Beyond that, it clearly shows that there’s been substantial development made on the core protocol despite what those in other camps may tell you.
It’s important from time to time to reflect and understand just what exactly is being built. What we’re witnessing is the establishment of a digital commonwealth. That commonwealth is made up of the various entities contributing towards the network and the people soon to join and participate in building it.
We’re certainly beginning to see the latter part start to grow.
Earlier this week, the Tezsure team along with DGH labs launched
Plenty DeFi, which is to be “the first capital-efficient yield farming program on the Tezos blockchain”.
In just a few days since launch, Plenty has been able to achieve
over $7M in total value locked (TVL) and become the deepest liquidity pool within the Tezos ecosystem.
If we weren’t already impressed with all the momentum we’ve been seeing from NFT’s on widely successful platforms such as H=N, Plenty’s early success represents another milestone for the growing DeFi ecosystem around Tezos.
Speaking on the launch and success of Plenty, Tezsure co-founders Om Malviya and Bernd Oostrum outlined their thoughts in a press release.
“Liquidity is the backbone of DeFi. Plenty incentivises liquidity providers from other chains to try Tezos; the most technologically advanced of all blockchains to date with near-zero fees and on-chain governance.”
Josef Holm of Draper Goren Holm (DGH) also commented on the launch.
“I hope Plenty creates that initial snowball effect for DeFi in onboarding capital from other networks to Tezos. Plenty was designed with the modern day user in mind, taking advantage of the network’s low gas fees and energy efficiency by design - it’s perfect for the next wave of mass adopters.”
With another record breaking
month for smart contract calls in the books, the seeds have been planted for a growing DeFi ecosystem around Tezos. The success of Plenty DeFi shows us that the early innings
are just beginning to kick off.