December at Earn Network was a month of pivotal progress, marked by intense focus on new product development and laying the groundwork for future marketing initiatives. Our team's dedication was channeled towards enhancing existing offerings and preparing for exciting, forthcoming engagements, setting the stage for significant advancements in the Earn Network ecosystem. This period of strategic development and planning is poised to propel us into a new phase of growth and community engagement in the ever-evolving world of decentralized finance.
Development Highlights 📈
- 👥 We've joined the Aleph Zero Funding Program, collaborating to integrate their base layer, thus broadening our DeFi and NFT staking capabilities. This strategic move will allow us to offer more robust and scalable staking options, elevating the overall experience for Aleph Zero ecosystem.
- 🚀 The Restaking category was updated with 11 new blockchains, providing enhanced earning solutions for new chains. The new names on restaking are: Fetch.ai, Realio, Band Protocol, CANTO, Passage, Mars Protocol, JUNO, Chihuahua, Ki, XPLA, FirmaChain.
- 💰 MyCointainer integrated $EARN as a reward booster, so now MyCointainer users can get more staking rewards by holding a specified amount of $EARN. This integration adds another utility layer for $EARN and encourage more crypto users to become token holders. Check out MyCointainer platform by yourself and boost your earnings right away!
- 💪 In December, we spent some time updating the roadmap and have decided to focus the development efforts in Q1 by hiring two more engineers to focus on Prediction Markets, which will be a new category of Earn Network, more details coming soon.
Key Numbers 📊
- The $EARN token holder number keep growing, reaching over 1340. 🟢
- Volume generated through our platform nearly doubled and reached $2,134,500 thanks to 5360 stakers. 👥
- This month, Earn Network proudly surpassed the $1M mark in Total Value Locked (TVL), reaching a phenomenal value over $1,250,000!
- $EARN staking pools gathered 86 stakers and currently peaking at 55,000,000 $EARN TVL
- DeFi Staking: Currently, we actively support 22 projects boasting a total of 55 active programs and more pools are about to come. 💰
- Restaking: Our Restaking category currently supports 37 blockchains, making it one of the best and most variously restaking solutions. 💱
Partnerships Update 💡
🎁 We have launched the staking campaign with Planq to reward users who are staking their $PLQ on MyCointainer or using Earn Network Restaking. You still have time to join the campaign and get extra rewards on top of your $PLQ staking.
🤝 We've partnered with WorkQuest in order to launch staking pools for the $WQT token and providing new diversified earning solutions on Ethereum and BNB Chain.
Community Growth 👥
🌐 Since Airdrop Season 1 was a success, we are working hard to spot new platforms and methods to continue providing rewards for most engaged users. Our main focus is to plan quality initiatives, where only real users could participate and boost the ecosystem in exchange for the $EARN token.
Earn Network's Ecosystem
As always, we would love to hear your feedback. If there's something we can improve, please let us know.
Below you can find the summary from November '23.