# BonqDAO Community Update - We are LIVE!!!

**Published by:** [Bonq DAO](https://paragraph.com/@bonqdaoblog/)
**Published on:** 2022-12-28
**URL:** https://paragraph.com/@bonqdaoblog/bonqdao-community-update-we-are-live

## Content

As 2022 comes to an end, I would like to take a moment to reflect on the progress we've made, the innovations we've harnessed and the ongoing support we’ve received from our partners and community. We are energized and inspired by the feedback from our community and especially for all the excitement about what’s possible in leveraging the Bonq protocol. Our updates will continue to be published through our blog and our social media, so please be sure to follow us on all verticals for continued updates. The month of December has been incredible for us! After 9 months of teamwork, we hit a major milestone by launching the much awaited Bonq liquidity protocol! It brings to market new innovative liquidity solutions with greater capital efficiency, low cost and data driven risk management. Web3 projects and protocols can now enjoy true protocol-owned liquidity and experience borrowing against their own assets at zero interest once they pass the whitelisting criteria. If you want to have your own token whitelisted, please book a call with us Bonq protocol officially deployed on Polygon On December 15th, we deployed Bonq protocol onto Polygon blockchain. It’s live at https://app.bonqdao.com/. 24h later, there were more than 1,000,000 BEUR minted backed by over $5mil collateral assets! At launch, BonqDAO whitelisted a small number of tokens to ensure enough liquidity across different pools and monitor the performance and behavior of our protocol. However, 2023 will allow a wide variety of new tokens to be used as collateral and borrowed against. Current MCR and MBCR Liquidity Pools: Our initial liquidity pools are deployed on Uniswap V3 using Arrakins Finance. BEUR/ DAI -Uniswap - BEUR/DAI BEUR/ USDC -Uniswap - BEUR/USDC BEUR/ WALBT -Uniswap BEUR/WALBT BEUR/ WETH -Uniswap BEUR/WETH MATIC/ BEUR -Uniswap MATIC/BEUR BNQ/ BEUR liquidity pool is not active yet, but will be opened on Uniswap V3 on January 3rd. This will allow everyone to trade BNQ tokens for the first time. Bonq Fundrs Campaign BonqDAO was the second project listed on Fundrs platform. True to our values, Bonq campaign allowed users to receive exclusive early access to earning BNQ tokens for 4 weeks in a non-custodial way. Funders with enough rALBT can participate and provide capital to tier-based liquidity mining campaigns on DeFi Terminal and earn BNQ reward tokens — with up to 3 million BNQ tokens allocated for rewards through these exclusive campaigns. Getting access to the campaigns requires rALBT and staked ALBT. There are no lockups or any restrictions on the liquidity pools tokens or the BNQ rewards. There are two token pairs with tier-specific liquidity mining campaigns on Bonq DeFi Terminal: USDC/BEUR DAI/BEUR Here is the link to the initial Fundrs announcement Getting to Know Bonq, step by step instructions of how to participate in the BonqDAO liquidity event Bonq-Fundrs instructions and the transcript of the Telegram AMA with BonqDAO and Rachid Ajaja, the CEO of AllianceBlock Telegram AMA Insights/ Blogs Over the last month, one of the main focuses was to provide our community with information about Bonq’s protocol mechanisms, token economics and self sovereign liquidity solutions built inside our ecosystem. Please make sure you reach out to us if you have any questions after reading our blog posts. **Self-sovereign liquidity solutions paper ** Primer of Bonq Token Economics BEUR stability mechanism under different market conditions **What makes stable coins stable ** Looking ahead 2023 is going to be a very exciting year, full with huge milestones and an ambitious roadmap that takes us closer to our self-sovereign finance mission. 2023 Roadmap We are excited to have everyone involved in our journey as we expect to go much further together! More about Bonq BonqDAO website BonqDAO on Twitter Bonq community on Telegram Bonq community on Discord BonqDAO on YouTube Delia Sabau, CEO on Twitter and LinkedIn Micha Roon, CTO on Twitter and Linkedin Michal Bacia, Chief Economist on Twitter and LinkedIn Subscribe

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