Liquidium Update - Customer Feedback

Dear Investor,

We’re stoked to announce that Side Door Ventures joined this round and is now our second largest investor, aside from that we’re also happy to finally have Andrea from the Bitcoin Frontier Fund as an angel investor.

We also spent a lot of time talking to our customers and improving on things that they want to see, in order to iterate and make changes even faster, we’re currently hiring another frontend developer.

By the end of this week, we will give early access to the second tranche of our waitlist and collaboration partners.

Accomplishments:

Side Door Ventures joined for $85k
Closed Andrea joined for $5k
Released Discord Bot which posts every loan request automatically in our Discord server
Added clickable recommendations for setting loan terms in a request to push borrowers towards more reasonable requests
Almost finished email notifications and transition to a new backend for handling email, filters, search, etc.
Interviewed a bunch of potential Frontend Developer hires and received over 15 new applications through our Discord
Featured on a Discord Space by Vybz, on a Twitter Space with Valerioshi, and panelist at GeniiData’s Twitter Space
Collaboration with Bunzy and his Ordinals Swapping service
Prepared for Early Access Tranche Two
New Ambassador and Advisor: Kook - He was the COO of Pine Protocol (NFT Lending on Ethereum & Polygon) and left them to join Liquidium

Market 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