The Baking Sheet - Issue #51

Granada is on the horizon -- let's dive in!

Welcome to this week’s issue of The Baking Sheet!

With the recent injection of proposed protocol upgrade Granada and continued momentum from NFT and DeFi protocols we’ve been met with another week of further ecosystem growth.

Tezos Ecosystem Insights: Plenty

Earlier in the week, community member Opposite Revolution (OR) made a Tezos ecosystem map. He’s also requesting for revisions/additions so be sure to check out the reddit thread and give feedback!

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. 

Onwards!

This Week in the Tezos Ecosystem

With the recent injection of proposed protocol upgrade Granada we’ve been met with a few questions around the nature of some of the features proposed.

Bringing network governance on-chain is key to unlocking decentralization’s innovative potential. Here's why.

Hillary Schieve invests in cryptocurrencies herself, and she sees the technology as a way to improve government services.

AI and the blockchain are two big, buzzy topics in art and tech, and they intersect in surprising ways.

In May 2021, the Zug based company ubinetic announced the launch of new, open-source oracles that leverage Android’s key attestation and built-in hardware security modules to create a verifiable…

In this Tezos DEX review, we look at the present day but think about tomorrow.

In our previous entries, we talked about DeFi products on Tezos like the WRAP protocol for synthetic assets, stablecoins Kolibri and Stably, and Homebase for launching a DAO. Today it’s time to talk about Crunchy.network, a platform set to provide DeFi services to other Tezos-based projects.

On 1 June 2021, Marseille, the association Pour Que Marseille Vive ! and Equisafe will deploy the first NFT (Non Fungible Token), on the Tezos public blockchain, of a physical work of art in France.

This Week in Tezos Development

This is a joint post from Nomadic Labs, Marigold, TQ, Tarides, and DaiLambda. We were proud to see Florence go live on the chain on 11th May 2021. In keeping with our policy of proposing upgrades on a regularly schedule cycle.

Wrap Protocol by Bender Labs, decentralized bridge between Ethereum and Tezos

Now Streaming

Trending on Tezos Agora

Want to learn more about the latest Tezos upgrade proposal, Granada? Tune in next week to hear Perry Metzger of the Tezos Foundation explore some of the features included in the latest proposal.

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I will try to bring some new perspective, from a core developer who created his own team because he was not happy with the past status quo. I write in my name only, other core devs will of course disagree with parts or t…

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