Sharpe Labs Update — First of Many

Sharpe Labs
2 min readMay 15, 2023
A journey uphill and we’re ready for it!

Dear Sharpe Titans,

Welcome to the first of our series of updates. We are thrilled to share the significant strides Sharpe Labs is making toward building a unified infrastructure that powers the next wave of DeFi innovation. Guided by our mission to onboard 100 million users into the world of DeFi, we are relentlessly working towards our ambitious goal.

Major Milestones

These past two weeks have been bustling with development and growth at Sharpe Labs. We’ve successfully commenced the development of Sharpe Magnum for Optimism and Arbitrum, leading the soft launch of Sharpe Magnum. Our users have embraced this new product, experiencing an impressive 10–12% APR on their ETH deposits, marking a new standard in liquid staking returns.

In parallel, our team has been diligently working on Sharpe Base since the first week of April. We’re excited to announce that 90% of the backend development is now complete. We are on track for a public testnet launch in June. Stay tuned for major announcements regarding Sharpe Base in the next three weeks.

To expand our reach and user flexibility, we’ve integrated Sharpe Magnum with Aave v3 on Optimism and Arbitrum. Detailed insights into this integration will be shared in our next update.

Team Growth

Sharpe Labs continues to grow, and we are expanding our team across product, business development, and design roles. This expansion will enhance our efficiency, and boost Sharpe Labs’ visibility in the DeFi space.

Looking Ahead

Our focus for the next two weeks is to grow our user base and enhance our products. Our business development team is all set to expand Magnum’s user base, as the product has proven stable and effective. Simultaneously, our tech team is dedicated to completing the backend of Sharpe Base, preparing it for the public testnet launch.

Join Our Team

As always, we’re seeking talented individuals to join us. If you believe you’re the right fit, we’d love to hear from you. Reach out to us at team@sharpe.ai

Wrapping Up

We are at an exciting juncture at Sharpe Labs, standing at the forefront of a new era of DeFi innovation. This journey wouldn’t have been possible without our dedicated team and supportive community. We look forward to sharing more updates and achievements with you in the coming weeks.

Thank you for your continued support as we strive to build a more accessible, transparent, and decentralized financial ecosystem.

Stay Sharp(e),

Rishabh,
Head Honcho, Sharpe Labs

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Sharpe Labs

Sharpe Labs is a DeFi R&D lab that creates open-source innovative investment solutions using our Institutional-Grade Asset Management tooling and infrastructure