Dear Citizens,

We’ve been busy building out the Seneca Protocol product and business operations in preparation for launch. We wanted to give you some updates on what we’ve been up to:

Technical Development

On the development front, we’re working hard to ensure that, straight from launch, Seneca Protocol takes its rightful place as DeFi’s premier lending protocol. We want to ensure that users have a seamless and safe experience right from day 1.

This week, we’ve mostly been focusing on the borrow functionality. We have conducted extensive testing to ensure that the borrowing process is secure and can be executed smoothly. In testing, we’ve found that we need to make some alterations to the isolated lending markets, which is also being worked on. We’ve been making good progress so far, and we have been delighted to see how quickly the team is able to execute changes like this. It speaks to the quality both of the Seneca team and the platform.

Business Operations

Aside from the technical side of things, we’ve made some important additions to the team recently. We feel confident that they are going to help us pull off a perfectly executed launch and build a product that is a joy to use. We’ve added several staff to the Business Development team who will help us raise funds, build partnerships, and get the message about Seneca out to key players in the DeFi market. We’ve also expanded the dev team and brought on more protocol architecture resource to ensure we can continue our seamless product development as the protocol launches and scales. Additionally, we would like to highlight the onboarding of a new Protocol Architect with vast experience across the DeFi space to lead the development and scaling of our protocol. As part of our ongoing efforts to enhance the user experience and build a thriving community, we are pleased to announce the appointment of a second Community Manager. Finally, we’ve hired a dedicated member of staff to focus on content creation. This will allow us to give you more frequent updates on Seneca’s progress, start releasing regular deep-dive articles explaining every aspect of the Seneca project, and generate marketing collateral that can be used to stimulate adoption.

In Conclusion

So, we are excited about the direction things are heading in and we’re happy to say that everything is progressing as planned. Stay tuned for more updates over the coming weeks.

All the best,

The Seneca Team