Investor Spotlight Series - KR1 plc

Investors are a critical part of the Minterest journey; the process we went through to select them was intensive. They were chosen because of their track record, long-term view and value add. Each week we will be featuring a new investor to give you insights into why these investors are so valuable for the Minterest protocol. This week, we are focusing on KR1.
KR1 plc is an investor in blockchain networks with a unique and compelling business model. The firm is listed on the Aquis Stock Exchange in London, allowing anyone to buy shares and gain exposure to early stage crypto startups through the expertise of KR1’s founding team. This democratisation of access and subsequent returns, aligns with the values of the crypto ecosystem, while offering the transparency and reporting structures of traditional listed businesses.

The company earns passive revenue through staking activities in “Proof-of-Stake” networks, providing it with the dry powder needed to take and hold long positions in disruptive digital assets. A $1 million investment in Polkadot’s earliest funding round represents KR1’s clearest example of this strategy, as well as its biggest investment. It also developed the company’s portfolio and expertise in the space, ultimately leading to an investment in Minterest.

George McDonaugh, Co-founder of KR1, said,

Front matter, or preliminaries, is the first section of a book and is usually the smallest section in terms of the number of pages. Each page is counted, but no folio or page number is expressed or printed, on either display pages or blank pages.
2) Dynamic Economic Model
Last week, we developed a linear economic model for a token market, where the utilization rate on individual pools directly affects the interest rates.

This week, we worked on a second type of an economic model for a market that is more dynamic.

In this new dynamic economic model, a multiplier is applied to the rates as the utilisation ratio reaches a kink point. These dynamic rates prevent protocol insolvency during extreme volatility.
3) MetaMask Integration
The frontend team has finally integrated Metamask and developed the initial draft of the application that allows us to test our economic models and market behavior from users’ perspective.

The development team has been constantly wiring up the frontend to our backend, and the application already shows real on-chain data about markets (total borrowed, total lent etc).
4) Telegram Community Bot
Our Telegram community bot allows the community members to sign up for our future events. To better facilitate our community, we have added a /help function to our community bot, with more refined texts and a notification feature.

The bot will remind people to fill in their email if they haven't done so already, or remind them to use the referral link if a user hasn’t referred anyone yet. The reminder has proven very effective - it has reduced the amount of users with no emails by 7% after its first launch.
So welcome to Minterest, in your best interest
About Minterest
Minterest is a unique borrowing/lending protocol built by industry leaders to service the billions in Total Value Locked (TVL), in DeFi lending projects, with the specific aim of putting user benefits at its core. It provides users with a decentralised financial platform that is fair and inclusive.

The Minterest protocol has the world’s first buyback mechanism, which automatically passes on revenue to contributing platform users. This way, users receive protocol revenue on top of industry leading borrowing/lending rates, creating the potential for the highest long-term yields in DeFi. The protocol also has an on-chain treasury which captures and shares liquidation revenues with users.
Join Telegram to stay up to date
2022 Minterest. All rights reserved