Liquidium - First Loans & New Investors

Update of 07/17/2023

Dear Investor,

Last week was very exciting to us, not only did we close a bunch more investors but this was the first full week after our closed beta launch. On our waitlist, there are around 20k users and we gave early access to the first 1500 users. Four loans have been taken last week, one has already been successfully repaid. In total, we count over 105 loan requests at the moment and we received tons of positive and constructive feedback. We already implemented a lot of the user feedback and are currently looking to get another dev on the team to iterate even faster.

Liquidium has been trending on Twitter and we were invited to some of the biggest Twitter Spaces as guests to talk about Liquidium and Ordinal lending. Additionally our CMO spoke as a panelist at BlockDown Portugal and our CEO was a panelist at the Building on Bitcoin Virtual Summit. Additionally, we updated our FAQ and chatbot, and are actively working on an invite system for our closed beta.

Thank you for your continued support as we work to revolutionize the Ordinals lending space.

Accomplishments:

New investors: Manny, Rafa, and Valerioshi
New partnership with Bitcoin Rocks
Updated FAQ and Chatbot
Worked on an invite system for closed beta
Made progress on hiring a developer
Guest in Twitter Space hosted by famous names in the ordinal space and over 6k listeners about Liquidium and Ordinal lending
Guest in a Twitter Space hosted by Leo and Kenny about Liquidium and Ordinal lending
UI changes in Figma that will go into production soon
Improved Magic Eden API to verify inscriptions and display floor price
Hiro/Xverse bug fixed to prompt only Xverse upon login
Ability to view loan card details for any active loan or request
Attended Blockdown Conference in the Algarve, Portugal and participated in a panel talk about Bitcoin Ordinals
Connected with other Ordinal Builders in Portugal

Market Overview

Highlights

Bunzy launched P2P Ordinals Swap
New Ordinals wallet called Boss Wallet
Rare and exotic Satributes are now live on Ordinals Wallet
OrdinalMaxiBiz has officially become the ordinals collection with the highest total sales volume
Brc-20 swap by Unisat
OKX overtook Magic Eden in volume in last 7 days
Promising updates to .bitmaps (available on Liquidium)

Opportunity

NFT lending has seen increased activity with new companies entering the space and the total borrow volume sitting at $2B. Blur released BLEND, a peer-to-peer NFT lending protocol on Ethereum, and Binance launched its own NFT lending platform.

Dune Analytics reports that the NFT lending market on Ethereum has almost reached $2 billion in borrowing volume. In addition, Ordinals have been experiencing substantial weekly growth.

Liquidium is applying a similar concept to Ordinals, which will have a significant impact on the current market. It will be the first DeFi solution for Ordinals, allowing users to borrow and lend BTC using Ordinals as collateral.

Using metrics gathered from our competitors on Ethereum and comparing the Ethereum NFT market to the current Ordinals market, we estimate a daily borrow volume of $1.3 million on Liquidium. These numbers are expected to increase significantly during the next bull market.

https://docs.google.com/spreadsheets/d/1ehxX4vItM3nnwveoxo8iu3d3ApLPEOoYzujYDkP8ezM/edit?usp=sharing

https://dune.com/impossiblefinance/nft-lending-aggregated-dash

https://dune.com/dgtl_assets/bitcoin-ordinals-analysis