Hey everyone,
We have spent this week busy onboarding getting everything transferred and a clear picture of what we will be able to get done in the short and medium term. Once all keys to Pocket and external services Safe are transferred, I will begin making changes to Pocket’s parameters as anticipated. For the first changes I will give a week heads up on Monday, August 19th and make the changes on Monday August 26th.
Before making any changes, I will communicate ahead of time what these changes will be, and expect there to be a consistent weekly cadence of communication.
To reiterate on our plans our strategy revolves around three main pillars:
Economics
- Liquidity
- Price
- DeFi
- Pocket economics and incentives
Tooling
- Gateway tooling
- Node and staking tooling
- DeFi tooling
Marketing
- Website refresh and narrative repositioning
- Global community building
- Consistent communication across our channels
A couple other notes:
- We have 61 ETH in wPOKT right now. We will be pulling out half (30.5 ETH) of the Foundation’s wPOKT liquidity this week in favor of supporting Vojtech’s multichain plan as well as additional runway for the Foundation.
- We are working on the budget with projections and will present our projections next week.
Thank you for your support,
Michael