5/ Finally, @HundredFinance jumped in...They plan to distribute 1,000 $HND tokens to those who vote for:
"When Two Become One (Hundred)"
$HND, $FTM, $USDC pool - 60%/20%/20% weight
I assume they thought, why not join in on the fun, right?
6/ Can you feel the momentum picking up in #Fantom DeFi?
I sure as heck can…this gives off early $ETH DeFi vibes
The outcome, over time, usually results in immense bribe growth (bigger $$ amounts), a flood of on-chain liquidity & protocol TVL acceleration at crazy speeds...
7/ Here’s something cool:
I heard whispers that much of this was inspired by the incredible @beethoven_X community
Goes to show you how valuable community is when building protocols! We've said it once, let's say it again:
$FTM has the best god damn communities in DeFi
8/ Also, shout out to @jlontele for leading the charge and giving direction to protocols on how to make this happen for $fBEETS holders…
1/ Part III: Spirit War caveats, TVL, MAJOR weekly updates & evolving market situations…
I’ll outline:
- Notable differences between Curve / Spirit Wars
- Perspective on TVL short/long term
- Major Announcements
- Impactful/evolving situations to watch (stables)
2/ If you’re new to this series, welcome!
I’d recommend you get up to speed by reading Part I of this thread linked below:
1/ Part II: @Spirit_Swap Boosted Farms, Weighted Gauges and the Spirit Wars Potential…
I’ll outline:
- Who are @Spirit_Swap & @LiquidDriver
- Product Updates / Their Impacts
- Rewards, Incentives, APR, Governance Control
- Supply Trends & Spirit Wars Potential
2/ Welcome back #Fantom fam! If you haven’t already, I highly suggest you take a few minutes to read Part I of this thread, it’s context will help greatly in Part II…
Either way, as they say @olivegarden - "When You're Here, You're Family"
- @CurveFinance stable coin AMM emphasized weighted gauges & became integral to DeFi 2.0
- @ConvexFinance, on top of the $CRV model created new robust voting/staking incentive
- @Spirit_Swap, @LiquidDriver, appear to be following this model. Thus, Spirit Wars
Part 2 coming soon: @Spirit_Swap boosted farms, weighted gauges and the Spirit Wars potential…
3/ We begin with where all good stories do - the beginning.
Summer of 2020 saw the rise of DeFi 1.0, the explosion DEX's (decentralized exchanges) and the maturation of a space where liquidity provisioning became incentivized by juicy APR.