🍃Leaves
Foundational products of Bonsai DAO, poised for evolution into self-sustaining SubDAOs
Every Bonsai's product starts as a Leaf of the Bonsai tree, symbolizing the initial phase of growth and integration within the ecosystem. These Leaves represent decentralized products designed to share revenue with Bonsai DAO, contributing to the collective prosperity and reinforcing the ecosystem's financial foundation. As a Leaf matures, achieving self-sustainability and profitability, it transitions into a SubDAO.
This evolution from a Leaf to a SubDAO marks a significant milestone, indicating that the product has established a robust operational framework and is ready to contribute more autonomously to the broader objectives of Bonsai DAO, all while continuing to enhance the ecosystem's diversity and resilience.
Umami Finance
Umami Finance is built on Arbitrum and is offering top-tier, non-custodial yield products called vaults, for core crypto assets like $USDC, $BTC, and $ETH. Umami aims to construct professional-grade DeFi products that cater to both retail and institutional capital, with an emphasis on crypto-native funds.
Focused on becoming a liquidity hub on Arbitrum, Umami's vaults simplify the user experience in yield farming, automating processes like hedging and managing liquidity pools and focusing on a permissionless, decentralized experience that requires minimal intervention - simply deposit and earn.
Umami serves as a foundational leaf, generating essential revenue for operational expenses of Bonsai DAO and is not positioned to become its own SubDAO in the foreseeable future.
Vendor Finance
Vendor Finance is a loan marketplace offering fixed-term, fixed-rate, non-liquidation loans without the need for traditional oracles. The protocol has evolved through two versions: V1 launched in August 2022, and V2 followed in May 2023, bringing key optimizations for a better lending and borrowing experience.
As a recent addition to Bonsai DAO, Vendor Finance has integrated into our ecosystem as a new Leaf. This merger strengthens our platform by incorporating Vendor's expertise in non-liquidatable loans and risk management, enhancing our offerings without the immediate plan for Vendor to become an independent SubDAO.
For more details, refer to our blog post and announcement: Welcoming Vendor Finance to the Bonsai DAO Ecosystem
Lever Up
Lever Up is a first intent-based leverage aggregator currently being actively developed within the Bonsai DAO ecosystem. Lever Up aims to transform the DeFi experience by consolidating fragmented lending liquidity, aggregating rates from multiple lending platforms into one interface, making leverage trading more efficient and user-friendly. Lever Up stands out by integrating account abstraction and intent-based actions, addressing the outdated UX typical in DeFi and ensuring that users can manage large positions securely and seamlessly.
While still under development, Lever Up is poised to become a major product within the DeFi space. With the DeFi lending market holding a TVL of $30B, Lever Up will launch with integrations across six leading platforms, collectively managing approximately $15B in assets. This positions Lever Up to significantly impact the DeFi space, offering advanced leverage solutions that will drive growth and innovation within the Bonsai DAO.
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