Telos February Recap
Telos had an eventful and exciting February, with a focus on DeFi protocols and liquidity provisions. The Telos Fuel program facilitated project onboarding onto the platform, resulting in several significant exchange listings, DEX protocols, and incentivized initiatives.
We believe that DeFi will play a crucial role in achieving widespread crypto adoption. Our network is well-suited for DeFi settlements, and we’re dedicated to expanding its capabilities to serve the DeFi community better.
Throughout February, the Telos Foundation formed new partnerships, implemented liquidity initiatives, and launched engaging marketing campaigns. In this article, we’ll provide a comprehensive overview of the Telos team’s efforts during the month. Let’s dive in!
The Telos Core Developers (TCD) have made significant progress this month in their development of prioritized roadmap items. Notable highlights include the release of the EVM API, available at https://api.teloscan.io, and the associated GraphQL, which enables developers to access the Telos blockchain database for functionalities that the API does not cover. The integration of Greymass Fuel with the explorer makes it easier for users to pay transaction fees. Additionally, the blockhash issue has been resolved, thanks to the nodeos substitution plugin, and the Telos network is approaching 20 million blocks compared, which demonstrates its stability and growth.
Highlights:
- The Telos EVM API has been released, available at: https://api.teloscan.io
- Greymass Fuel integration with the explorer.
- Blockhash issue resolved.
February was a highly successful month for the Telos marketing team, as we executed an array of specialized campaigns designed to raise awareness of Telos Ecosystem projects. We are proud to have worked with new partners in DeFi, GameFi, and NFT projects that integrated with Telos, and we showcased their contributions through a series of exciting and engaging campaigns throughout the month.
We are thrilled to announce that our marketing team is growing, with the addition of an experienced Marketing Manager and a Graphic Designer. Their expertise will enable us to expand our reach and deliver even more impactful campaigns to promote Telos and its ecosystem.
Some of the standout campaigns included:
- The RocketX Artemis Campaign in the DeFi space.
- The Swapsicle Power of 2 Campaign in the DeFi space.
- The KitcheNFT Campaign in the NFT space.
- The Telos x OwlDAO poker tournament.
- Our first in-person event on Valentine’s Day, which was live-streamed with the Telos NFT Team, highlighting the latest NFTs on the platform.
We introduced several new initiatives, including:
- The “Powered by Telos” Monthly Panel, which brings together founders and developers of Telos projects for focused discussions hosted on Twitter Spaces.
- The Telos Talks AMA every Thursday hosted on Discord, which covers community highlights and development progress.
- The Telos Weekly Express, a weekly newsletter covering the latest developments in Telos.
- The Telos Crew3, which gamifies community tasks to promote awareness and growth.
- Additionally, we are developing a new Telos website with a fresh look and improved user experience.
To increase awareness around Telos core products, we implemented a new recurring content strategy with daily themed content highlighting:
- Vision: Highlighting the Telos Vision / pillars of Telos.
- Mission: Highlighting the network benefits of Telos (Transaction speed, no front running, etc).
- Core Products: Highlighting core Telos Products (Telos Native, Teloscan, Telos EVM, etc).
- Ecosystem: Highlighting the Telos Ecosystem (Partners, Exchanges, Telos Fuel, etc).
- Community: Highlighting the Telos Community (Telegram, Discord, Ambassadors, etc).
Overall, we are delighted with the progress made in February and are excited about the continued growth and success of Telos and its ecosystem.
Throughout the month of February, the Telos Business Development team successfully established several new partnerships that are set to significantly enhance the Telos ecosystem. These partnerships include:
OwlDAO — Telos has recently partnered with OwlDAO to further bolster its burgeoning GameFi ecosystem. The partnership between Telos and OwlDAO aims to expand the gaming community on the Telos blockchain by providing gamers with new opportunities to earn and spend cryptocurrencies through decentralized gaming. Bringing the power of the OwlDAO Gaming lineup to Telos, users can participate in a lineup of exciting games designed with a focus on fun!
Reign of Terror — Telos has also joined together with Reign of Terror in a partnership effort to promote an ever-increasing GameFi effort on the chain. Reign of Terror is a cyberpunk-themed game that incorporates DeFi staking and NFTs. Players can engage in strategic battles, create and enhance powerful agents, and join guilds and alliances.
Square Club — Telos is also proud to announce a partnership with Square Club, a collection of 4444 NFTs on the Velas blockchain. Square Club’s expertise in building strong and vibrant communities will be the perfect organization to utilize Telos’ fast, low-cost and sustainable blockchain infrastructure. Together, Telos and Square Club aim to create new opportunities for community building and innovation within the Telos ecosystem.
Ready Player DAO — Telos and Ready Player DAO are working together on a collaboration that will offer the Telos community access to a GameFi ecosystem supported by RPD! Through this partnership, Telos users will be able to explore new possibilities for the GameFi ecosystem on Telos through RPD’s assistance in incubation of Gaming Guilds for the Telos blockchain.
Bitrue — The Telos blockchain has also partnered with Bitrue, a Singapore-based digital asset exchange, to bring new trading pairs and liquidity to the Telos network in a major move towards expansion in the Asian Defi market. Bitrue has also launched a new TRX/TLOS trading pair and offers staking for Telos tokens on their platform, giving users more opportunities to trade and earn rewards.
LaunchiFi — Telos and LaunchiFi are joining together to support entrepreneurs and developers in the web3 space, with a focus on providing access to the space by eliminating the need to have coding knowledge! With this partnership, Telos users now have even less of a barrier to being able to create and launch the products that they would want to see on Telos!
YouDonate — Telos has partnered with YouDonate to enable secure and transparent charitable donations using blockchain technology, powered by Telos. YouDonate allows users to track their donations and ensure that their funds go directly to the intended recipients, bringing transparency to the charitable sector. The partnership will enable YouDonate to expand its reach and services, while leveraging the high performance and low fees of the Telos blockchain.
KitcheNFT — KitcheNFT will expand their NFT marketplace to Telos and allow artists and creators to sell their NFTs in the secure and transparent environment that Telos provides. The partnership will integrate Telos’ blockchain technology to bring low transaction fees, fast settlement times, and advanced security features for buyers and sellers to KitcheNFT users on the Telos blockchain.
Swapsicle — Telos and Swapsicle are proud to announce the expansion of their streamlined experience to users of the Telos blockchain. Swapsicle’s swap technology allows users to easily exchange cryptocurrencies without leaving the Telos ecosystem, while its suite of Defi Tools and services also help to provide increased liquidity to Telos users. Additionally, Swapsicle’s user-friendly interface simplifies the process of trading cryptocurrencies and accessing the Telos ecosystem, making it more accessible to a wider range of users.
Double Protocol — Telos and Double are joining together to bring a key piece of the NFT space to the ecosystem, the ability to access your favorite NFT communities in a non-permanent fashion through the concept of NFT renting. Double seeks to use the Telos infrastructure to provide a fast and fair experience for users looking to enter the world of NFT collecting.
8Bit Arcade — Telos and 8Bit Arcade have partnered to increase the overall GameFi ecosystem, working together to make it easier for developers to build blockchain-based games and integrate with the Telos blockchain. The partnership will bring benefits to developers such as access to affordable tools and the support needed to bring their ideas to life, while also enhancing the gaming experience for users of the Telos blockchain.
ChainPort — Telos has partnered with Chainport, a leading decentralized exchange (DEX) aggregator and automated market maker (AMM) platform, to expand Telos’ DeFi ecosystem. As part of the partnership, Telos would benefit from the interoperability Chainport provides between networks, while providing access to the large network of decentralized applications and services on Telos. The partnership will allow for more efficient and cost-effective trading of Telos-based assets while also expanding Telos’ reach in the wider DeFi space.
The Telos Business Development team is dedicated to ensuring the rapid growth of the Telos ecosystem, with several exciting partnerships currently in the pipeline. We are confident that these forthcoming partnerships will further solidify Telos’ position as a leading player in the industry and provide even more value to our community.
The NFT department at Telos experienced remarkable progress in February, accomplishing an impressive amount of work in the shortest month of the year. Notably, the team increased their physical presence in the real world, highlighting their achievements to a wider audience.
The NFT Goat Valentine’s Day event was a prime example of the creative and collaborative campaigns that the NFT team can execute. Through this event, ten winners had their work curated in downtown Toronto, accompanied by a series of announcements, highlighting the impressive work of Telos and our partners.
Throughout the month, several new partners joined forces with Telos to reinforce our NFT infrastructure. These partnerships have allowed us to crystallize the value proposition of Telos, where a more authentic and iterative relationship with partners can be formed, enhancing the effectiveness of our operations. We are thrilled to see our partners take their projects to exciting new places, demonstrating the full potential of the Telos NFT ecosystem.
These new partnerships include:
- Launchifi — Partnership Article
- Squarity — Partnership Article
- KitcheNFT — Partnership Article
In the coming months, we expect to witness more acclaimed artists entering the space, thanks to the unique qualities of Telos’ technology. Telos’ built-in flexibility and low risk make it an attractive platform for daring creators to explore new possibilities, showcasing their work to a wider audience.
Overall, February was an outstanding month for the NFT department at Telos, marked by the team’s dedication, innovative campaigns, and strong commitment to the growth and success of the ecosystem.
Have you caught the Telos Fuel DeFi fever? February was an exceptional month for the Telos DeFi ecosystem, marked by new applications, increased TVL, and a flurry of exciting updates. Throughout the month, the L&E team rolled out numerous deals that had been in the pipeline and jump-started their 2023 goals’ execution.
Some of the key highlights from February are:
- CoinDCX campaigns kick-off to create more awareness
- Swapsicle launched on TelosEVM and attracted $700k+ in TVL
- Archly Finance received Telos Fuel support
- Bitrue listing
- Defibox listing with more liquidity and incentive campaigns
- Having ongoing discussions with Telos Boost applicants, sharing feedback. We kickstarted the Boost initiative with Swapsicle as the first project to get a liquidity boost grant. We will have other projects announced. So far 8 applications have been received (2- Rejected, 4- Approved, 2- Ongoing)
- 15+ projects in the DeFi deal flow and expecting
- Ongoing discussions and evaluation work with top tier exchanges
The Following liquidity related actions have been taken:
- Removed liquidity and liquidated all Zappy tokens — Due to the lack of updates, activity and recent developments with staking rewards distribution issues. We took measures to remove the liquidity
- Repurposed some of the removed liquidity from Zappy into Swapsicle, Archly, OmniDex
- The second month of OmniLend incentives of 100k TLOS during January 2022 has attracted a growth in TVL from $1.58 million to $2.13 million. Total assets borrowed have risen from $688,000 to $918,000. Total number of unique borrowers has grown by 30.69% and lenders have grown by 26.49%. We decided to continue our support for this initiative. The total number of TLOS tokens deposited on the platform has grown 14.70% from 3.4m to 3.9m. Demand for borrowing stablecoins has increased substantially, especially USDT which now has a utilization rate of over 80%. This has led to higher interest rates giving lenders the ability to earn over 20% APY for depositing USDT
L&E Finances:
- We currently have ~$6.3 million in assets and 50% is in TLOS token.
- A total of 1092884 TLOS from the Telos Fuel Fund is utilized during the month of February covering salaries & expenses, listing campaigns, boost allocations, liquidity incentives to Defibox, Omnilend, archly and Apeswap.
- Snapshot of L&E funds (as of 28th February 2023):
Conclusion
February was a month of tremendous progress and growth for Telos, marked by new partnerships, innovative marketing campaigns, and significant developments in the Telos Core Developers team, the NFT department, and liquidity initiatives.
The Telos ecosystem continues to expand rapidly, with new partnerships being established with OwlDAO, Reign of Terror, Square Club, Ready Player DAO, Bitrue, LaunchiFi, YouDonate, KitcheNFT, Swapsicle, Double Protocol, 8Bit Arcade, and ChainPort. These partnerships reinforce the value proposition of Telos, highlighting its potential for community building and innovation.
Telos’ marketing team has successfully executed exciting campaigns, and the Telos Core Developers have made notable progress in their development of prioritized roadmap items, such as the EVM API release and blockhash issue resolution. The Telos NFT department has also accomplished remarkable progress, increasing their physical presence in the real world and showcasing their achievements to a wider audience. Additionally, the L&E team has taken several liquidity-related actions, attracting new applications and evaluating work with top-tier exchanges.
Looking back on February, we are pleased to report significant growth, progress, and success at Telos. While our team is proud of what we have accomplished thus far, we are eager to build on this momentum and expand our ecosystem. With this goal in mind, we are excitedly looking ahead to the coming months. March, in particular, is shaping up to be an incredibly thrilling month for Telos, as we gear up for a massive push on GameFi. We cannot wait to unveil our plans for all the gamers out there and are eager to share many exciting projects and developments that are on the horizon. Together, we will continue to push the boundaries and achieve even greater success.
Follow Telos
Telos is a blockchain reimagining what’s possible. Telos is faster, cheaper, greener, and honest. We are leading the way for a better Web 3.
