Difference between revisions of "Swivel Finance (SWIV)"
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*From the Swivel [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round blog] (10-12-2020): | |||
* | ''"The [[decentralized]] protocol for fixed-rate lending and interest-rate [[derivatives]]."'' | ||
==Basics == | |||
* Based in: | * Based in: | ||
* | *Started in / Announced on: | ||
* [[Mainnet]] release: [https://twitter.com/swivelfinance/status/1491923939148410882?s=21 11-2-2022] | |||
== History == | == History == | ||
* [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round FKA] DefiHedge. | * [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round FKA] [[DefiHedge]]. | ||
* From their [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round blog] (10-12-2020): | * From their [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round blog] (10-12-2020): | ||
"''Since [[ETHDenver]] 2020 we have been building out [https://swivel.finance/ Swivel]. We left ETHDenver with a ton of initial momentum, finished our basic [[on-chain]] proof-of-concept and, with some potential investor encouragement, then began working full time on Swivel.'' | "''Since [[ETHDenver]] 2020 we have been building out [https://swivel.finance/ Swivel]. We left ETHDenver with a ton of initial momentum, finished our basic [[on-chain]] proof-of-concept and, with some potential investor encouragement, then began working full time on Swivel.'' | ||
''Coming off that push and looking for an opportunity to legitimize the project, we then joined [[Gitcoin]]’s Kernel Fellowship Genesis cohort, an experience that has been integral to getting where we are today. Kernel of course accelerated our development, but more importantly introduced us to a community of developers and thought leaders that have been invaluable. Between contributions to our [[liquidity]] incentive design from [[Status (SNT)|Status]] | ''Coming off that push and looking for an opportunity to legitimize the project, we then joined [[Gitcoin]]’s Kernel Fellowship [[Genesis]] cohort, an experience that has been [[integral]] to getting where we are today. Kernel of course accelerated our development, but more importantly introduced us to a community of developers and thought leaders that have been invaluable. Between contributions to our [[liquidity]] incentive design from [[Status (SNT)|Status]]’ [[Andy Tudhope]] and continuous input from Kernel mentor and now Swivel contibutor [[Thomas Klocanas]], we came out of Kernel with a novel protocol design and the guidance we needed. Further, thanks in part to the investor platform Kernel provided, we were able to come out of demo day with the support of our earliest investors, [[Imran Khan]] and [[Qiao Wang]]."'' | ||
== Audits & Exploits == | |||
* [[Bug bounty]] program can be found [insert here]. | |||
=== Bugs/Exploits === | |||
== Governance == | |||
=== Admin Keys === | |||
=== DAO === | |||
=== Treasury === | |||
== Token == | == Token == | ||
=== Launch === | === Launch === | ||
* Went [https://twitter.com/swivelfinance/status/1502014074489835520?s=21 live] with retroactive distribution on 11-3-2022. | |||
=== Token allocation === | === Token allocation === | ||
=== Utility === | === Utility === | ||
* [[Governance]] ([https://twitter.com/swivelfinance/status/1502014074489835520?s=21 11-3-2022]). | |||
=== Token Details === | === Token Details === | ||
=== Stablecoin === | === Stablecoin === | ||
| Line 23: | Line 37: | ||
* Code can be viewed [insert here]. | * Code can be viewed [insert here]. | ||
* Built on: [[Ethereum]] | * Built on: [[Ethereum]] | ||
=== How it works === | === How it works === | ||
=== | === Fees === | ||
=== Upgrades === | |||
=== Staking === | === Staking === | ||
=== Liquidity Mining === | === Liquidity Mining === | ||
=== | === Scaling === | ||
=== Different Implementations === | === Different Implementations === | ||
=== Interoperability === | === Interoperability === | ||
=== Other Details === | === Other Details === | ||
== Privacy Method | == Oracle Method == | ||
== Privacy Method == | |||
=== Compliance === | === Compliance === | ||
== Their Other Projects == | == Their Other Projects == | ||
== Roadmap == | == Roadmap == | ||
* Can be found [Insert link here]. | * Can be found [Insert [[LINK|link]] here]. | ||
* From their [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round blog] (10-12-2020): | * From their [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round blog] (10-12-2020): | ||
"''For our initial release, Swivel v1 will facilitate trustless interest-rate swaps, allowing cautious lenders to lock in a guaranteed yield, and speculators to leverage their rate exposure, placing Swivel in a unique spot within the market."'' | "''For our initial release, Swivel v1 will facilitate [[trustless]] interest-rate [[swaps]], allowing cautious lenders to lock in a guaranteed yield, and speculators to leverage their rate exposure, placing Swivel in a unique spot within the market."'' | ||
== Usage == | |||
* From their [https://twitter.com/swivelfinance/status/1502014074489835520?s=21 twitter] (11-3-2022): | |||
''"The Swivel Exchange has traded nearly $150,000,000 since our launch 28 days ago... With ~$7.5m a day in volume."'' | |||
=== Projects that use or built on it === | === Projects that use or built on it === | ||
== Competition == | == Competition == | ||
== Pros and Cons == | == Pros and Cons == | ||
=== Pros === | === Pros === | ||
=== Cons === | === Cons === | ||
== Team, Funding, | == Team, Funding, Partners == | ||
=== Team === | === Team === | ||
* Full team can be found [here]. | * Full team can be found [here]. | ||
* William Hsieh; co-founder | * William Hsieh; co-founder | ||
* Julian Traversa; co-founder | * Julian Traversa; co-founder | ||
* In the [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round announcement] (10-12-2020) of the seed round they said they had been: ''"a small team of two working with the constraints of a minimal self-funded budget."'' | * In the [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round announcement] (10-12-2020) of the [[seed]] round they said they had been: ''"a small team of two working with the constraints of a minimal self-funded budget."'' | ||
=== Funding === | === Funding === | ||
* In their [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round blog] they write: ''"our'' ''earliest investors [were], [[Imran Khan]] and [[Qiao Wang]]."'' | * In their [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round blog] they write: ''"our'' ''earliest investors [were], [[Imran Khan]] and [[Qiao Wang]]."'' | ||
* [https://medium.com/paradigm-fund/defi-in-ether-compound-revealed-compound-chain-aave-v2-governance-is-live-melon-rebrands-to-4bf70165245c From] [[Paradigm]] (12-2020): | * [https://medium.com/paradigm-fund/defi-in-ether-compound-revealed-compound-chain-aave-v2-governance-is-live-melon-rebrands-to-4bf70165245c From] [[Paradigm]] (12-2020): | ||
"<em>Swivel Finance closed a [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round 1.15M seed round] led by [[Multicoin Capital]] and included [[Electric Capital]], [[CMS Holdings]], [[Divergence Ventures]] and [[Defiance Capital]] as well as influential angels including [[Stani Kulechov]], CEO of Aave, [[Alex Pack]], [[Huobi]] Advisor, and Imran Khan of [[DeFi Alliance]]." </em>Others include Qiao Wang and [[Ash Egan]]. | "<em>Swivel Finance closed a [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round 1.15M seed round] led by [[Multicoin Capital]] and included [[Electric Capital]], [[CMS Holdings]], [[Divergence Ventures]] and [[Defiance Capital]] as well as influential angels including [[Stani Kulechov]], CEO of [[AAVE|Aave]], [[Alex Pack]], [[Huobi]] Advisor, and Imran Khan of [[DeFi Alliance]]." </em>Others include Qiao Wang and [[Ash Egan]]. | ||
=== Partners === | === Partners === | ||
[[Category:Coins/Tokens]] | [[Category:Coins/Tokens]] | ||
Latest revision as of 04:47, 14 March 2022
- From the Swivel blog (10-12-2020):
"The decentralized protocol for fixed-rate lending and interest-rate derivatives."
Basics
History
"Since ETHDenver 2020 we have been building out Swivel. We left ETHDenver with a ton of initial momentum, finished our basic on-chain proof-of-concept and, with some potential investor encouragement, then began working full time on Swivel.
Coming off that push and looking for an opportunity to legitimize the project, we then joined Gitcoin’s Kernel Fellowship Genesis cohort, an experience that has been integral to getting where we are today. Kernel of course accelerated our development, but more importantly introduced us to a community of developers and thought leaders that have been invaluable. Between contributions to our liquidity incentive design from Status’ Andy Tudhope and continuous input from Kernel mentor and now Swivel contibutor Thomas Klocanas, we came out of Kernel with a novel protocol design and the guidance we needed. Further, thanks in part to the investor platform Kernel provided, we were able to come out of demo day with the support of our earliest investors, Imran Khan and Qiao Wang."
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
- Went live with retroactive distribution on 11-3-2022.
Token allocation
Utility
Token Details
Stablecoin
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Ethereum
How it works
Fees
Upgrades
Staking
Liquidity Mining
Scaling
Different Implementations
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
- From their blog (10-12-2020):
"For our initial release, Swivel v1 will facilitate trustless interest-rate swaps, allowing cautious lenders to lock in a guaranteed yield, and speculators to leverage their rate exposure, placing Swivel in a unique spot within the market."
Usage
- From their twitter (11-3-2022):
"The Swivel Exchange has traded nearly $150,000,000 since our launch 28 days ago... With ~$7.5m a day in volume."
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
- William Hsieh; co-founder
- Julian Traversa; co-founder
- In the announcement (10-12-2020) of the seed round they said they had been: "a small team of two working with the constraints of a minimal self-funded budget."
Funding
- In their blog they write: "our earliest investors [were], Imran Khan and Qiao Wang."
- From Paradigm (12-2020):
"Swivel Finance closed a 1.15M seed round led by Multicoin Capital and included Electric Capital, CMS Holdings, Divergence Ventures and Defiance Capital as well as influential angels including Stani Kulechov, CEO of Aave, Alex Pack, Huobi Advisor, and Imran Khan of DeFi Alliance." Others include Qiao Wang and Ash Egan.
