Everything EOS Short Clips and Rants, 15 Nov 2022

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From YouTube: Explaining the Yield+ October Report

Description

Stephane Bisson goes over the Yield+ October report with the Fireside community, explains the graphs and gives us some details about the new protocols that have joined the platform. Denis Carriere speaks to the benefits of Yield+ for new DeFi protocols.

Watch the full clip on fireside!
https://www.youtube.com/watch?v=kBAGW8QCZzk&t=1186s

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A

The yield plus program went live in September and in October they published the October 2022 yield plus report. I went through it and actually there's some really nice graphs in there. So some of the highlights that I found interesting in this report, including two new protocols that reached the minimum total value lot to be able to qualify for yield plus rewards.

A

So we see a Vigor lending was qualifying this up and down in September, but now has Consolidated well above the threshold with over 400 000 EOS collected in tvl, so now they're being able to earn that five percent yield that yield plus offers to D5 protocols that accumulate a certain minimum amount of tvl AGG new decks. So new decks also saw a surge in tvl from 70 000 yds to 240, 000, EOS and now also qualifies for the yield plus reserves.

A

So congratulations to those two D5 protocols pursuing nice growth in pvl, so another interesting stat is that there's been a seven percent growth in the tvl to market cap ratio.

A

So that is represented here in the fourth graphic I shared, which shows the relative change in tvl between EOS and large cap l1s, or actually not necessarily strong, as that, but it's related right, so we can see that the other l1s have lost in terms of percentage of tvl compared to their market cap, while EOS has been doing much better comparatively, which is shown here in that blue graph, so about 10, better comparatively than other layer ones, which is really nice, and it's really Testament to how well designed yield plus program has been so shout out to everyone that worked on the blue paper that worked on developing the product.

A

This was a collaborative effort from many people from many teams in the Eos ecosystem, and you feel like this October report really highlights the positive impact that yield plus is having in the ecosystem. Okay. So if we take it from top here, the first image I shared is eos tvl across all registered apps. You can see stable across all October, except for one Mega dip in the middle and that's from what I understand, because the fs I think it is one of the protocols unregistered for a few days and then re-register so that tvl.

A

That's why you see that dip in the TV out the next one. We see the trend in the tvl compared to market cap, which I mentioned as one of them, probably the most important metric that you can have, and then you can see these dots, which represents each data point and then the trend that's represented by the line which is clearly slanted going up and to the right, which is what we like to see on graphs. Another interesting one was the market price versus tvl.

A

So we can see that the market price the EOS easily correlated to the TV app, which personally I find a bit surprising. What wouldn't expect to see an impact so quickly, but nice to see nice see to see that maybe even the price of EOS is being positively impacted by this program. So overall I think this is a great update from the yield plus team and hats off to everyone who worked on making that possible.

B

I can add on the yield plus side so right now. A lot of these projects that have joined are projects that have been existing in the in the Eos EOS ecosystem, but I think a lot of projects. A lot of developers are actually thinking about. What can I build? What can I add and that takes about a three- let's say three months- to build a new protocol.

B

So what I'm looking for is seeing the new protocols that actually have never touched EOS that are building today or in the next three months and participate and benefit from this yield plus so I think a lot of people are looking into what should I build? What should I do and join these programs? So there is incentives out there and any applications can join. You just need to have an illegible, D5 protocol and meet the minimum requirement.

B

That's the man with the Rockets So yeah, looking forward to seeing more protocols join and have a long list of D5 protocols signed up.