iGain Monthly Report: April 2022
2 min readApr 30, 2022
Notional Value
- The Notional Value, which represents the value of the underlying asset users are hedging from, jumped almost twice from 40M last month to 80M this April.
Events & Partnerships
- Polygon x iGain AMA on Twitter Space: Last Tuesday, April 26, around 900+ people tuned in our very first Twitter Space and AMA hosted by the Polygon team. We discussed to the community the ways they can interact with iGain (lend, borrow, trade, liquidity providing), and how iGain can protect their assets from the volatile DeFi interest rates.
- Cointelegraph, “Volatile interest rates may be a thing of the past thanks to this DeFi product”: We have partnered with the one of the biggest news outlets in the crypto world, Cointelegraph, in expanding iGain’s reach in the community.
Campaigns
- OAT NFT Giveaway on Twitter: We had our first OAT NFT giveaway on our iGain Finance official Twitter page. OAT, which stands for On-chain Achievement Token, is a type of utility NFT that can serve as a proof of attendance or a certification to something you have done. For the mean time, we plan to use this to incentivize holders with added iGain benefits when it comes to contests and promos.
- Fixed Deposit Rate Promo: We have launched our first lending campaign on iGain IRS, wherein users can get as much as 2,500 HAKKA if they deposit $50 or more in stablecoins. The campaign will run until May 15, 23:59 UTC.
