tl;dr on our 7 years building
@NUTSFinance, key learnings and our vision for the future.
For the past 7 years, NUTS Finance has been dedicated to building the nuts and bolts of on-chain financial applications, and our commitment to this vision remains unwavering. We’ve experienced highlights, lowlights but most importantly we learned many valuable lessons that help us become more resilient builders.
NUTS Platform (2018-2019): Our initial middleware solution for smart contract-based financial applications. Though it didn’t launch, we learned valuable lessons about market demand and the importance of being crypto-native.
@ACoconutDAO (2019-2021): Our BTC aggregation protocol reached a peak TVL of $70M. We learned crucial lessons in protocol liquidity management and token economics.
@TapioFinance &
@TaigaProtocol (2021-present): Taiga currently operates on Acala with $4.24M TVL in DOT liquidity. Tapio is repositioned to serve LSTs and LRTs on Ethereum and L2 ecosystem, pending for launch. We learned the importance of agility and adaptability when an unforeseen event happens to a wider ecosystem.
@PikeFinance (2023-present): Our latest project faced challenges, including two security exploits. We’ve fully repaid all affected users and are working towards a relaunch with a redesigned and improved architecture. We learned hard lessons on balancing trade-offs between shipping speed and technical debt.
Our vision remains clear: to drive progression in decentralized finance by building innovative on-chain financial primitives. In order to achieve this, we are focused on the following core functions and guiding principles:
1/ Talent acquisition and team building
2/ Protocol and product development
3/ Business partnerships and community building
4/ Token economics and distribution
@_ladder_chaos_ and I are excited about the future of DeFi and we are confident in our team’s ability to push the boundaries of on-chain capital efficiency. Thank you for your continued support as we work towards realizing our shared vision.
Read the full journey recollection here:
medium.com/nuts-foundation/n…
As we approach 2025, it's time to reflect on our journey since 2018.
We've faced challenges, celebrated triumphs, and remained committed to our vision of building the foundation for on-chain financial applications.
Read on to learn more about the history of NUTS Finance: (1/16)