Market Events

RenBTC became unbacked, BTC was transferred to the FTX estate.

MultiBTC become unbacked, Multichain bridge CEO arrested by police in China.

Summary

Key events

• TIP-46 (Sense Capital market maker).
• TIP-47 (Bond Program for PCV).
• TIP-48 (Wormhole partnership).
• thUSD audits.

Sense Capital has been performing well. The Bond Program has been very successful and it likely going to be extended. Unlocking liquidity through the Wormhole partnership requires redemptions to be live, which should be soonTM.

1. Liquidity and Incentives

• Received a grant from Optimism which will be used for incentivising pools.
• Tested limit orders on 1inch with mixed success due to the UX.
• Incentives
  • Optimism
    • Velodrome
  • Ethereum
    • Warden Quests
  • Arbitrum
  • Polygon
• tBTC v2 Pools