Accomplishments

Overview of projects realized by Possum Labs

Since its debut in late 2023, Possum Labs has established a strong track record of developing safe DeFi infrastructure and exploring innovative concepts in on-chain governance.

This is a brief overview of our milestone achievements:

Possum Portals

Portals offer upfront yield on DeFi staking opportunities and was our flagship protocol and achieved 600k TVL before sunsetting UI support in 2025.

Portals V1 was released in November 2023 after extensive audits and marked our first product release.

Portals V2 was launched in May 2024 which expanded the upfront yield opportunities to popular tokens like ETH, WBTC, and USDC.

However, the inherent economic dynamics of upfront yield proved to hamstring growth efforts. Consequently, we decided to cease UI support and encouraged users to withdraw their stake in advance. (The contracts are immutable and still operational when called directly on the blockchain)

Time Rift

Created as an incentive-aligned solution to community growth, the Time Rift was tested by onboarding the Flashstake community (FLASH holders) in January 2024. Flashstake was a promising attempt at upfront yield in DeFi, hence onboarding the Flashstake community was a logical step. The contract attracted 25% of the circulating supply of FLASH and contributed significantly to Possum's initial community growth.

The concept of the Time Rift includes a time-locked staking opportunity to earn a new token while also requiring frequent interaction with the host project (Possum). Unlike airdrops or lock-drops, this ensures familiarity with the project by the onboarded individuals.

Possum Core V1

The first iteration of the Possum Core was released in September 2024 and offered direct influence over treasury budget decisions to PSM holders via a novel staking & incentive system.

While our main objective is to build immutable DeFi protocols, we realized that enshrining an unstoppable on-chain organisation (DAO) which controls funding is almost inseparable at scale. The ultimate goal of the Core is to be an immutable on-chain treasury management tool that hands over all financial decisions to PSM stakers. Core V1 was our first experiment with a novel decision making mechanism.

The Possum Passel

Our commemorative NFT collection with 325 unique items was launched in November 2024. The Passel NFTs were launched alongside a custom NFT marketplace and an on-chain questing system that allowed NFT owners to achieve higher status. The idea behind the Passel NFT and the questing system was related to a potential next iteration of the Possum Core, assigning a special type of governance power to the NFTs.

These plans have changed in February 2025 and all NFT buyers have been reimbursed in full. If the NFTs will receive utility in the future is uncertain and they should be considered a collectible.