Thread by @Deebs_DeFi

More than Just Sports @FanfuryOfficial (FF)

DeFi Opportunities on FF and why a partnership with @TeamKujira would be game changing

Thread below 🧵👇🏻 #USK

2.Summary of Key Points

🔹FF needs a new Stablecoin $USK
👉🏻Reward Stability
👉🏻Securing Profits
👉🏻Decentralization

🔹FF can help Kujira scale $USK
👉🏻New Utility for $USK
👉🏻 $aFURY offers deflationary yield bearing collateral for $USK

🔹 $FURY DeFi Opportunities

3.FF needs a new Stablecoin

🔹While low fees/high speed brought FF to Terra initially, a decentralized stablecoin like USTC was an integral part of FF.

🔹Now, FF needs to find a new Stablecoin, and they need look no further than Kujira's $USK
Lets discuss why 👇🏻

4.Reward Stability

🔹If 10 people compete with a $10 entry fee & $100 of $FURY promised to the winner

🔹What if the $FURY price ⬇️ before paying the winner?

🔹For this reason, FF is designed to swap $FURY entry fees to a Stablecoin to hold value until payout

👉🏻Enter $USK

5.Securing Profits

🔹Remember that thing we all didn’t do?

🔹FF will need a stablecoin in its DEX that users can easily swap their $FURY rewards for to secure their winnings

👉🏻Enter $USK

6. Decentralization

🔹A Decentralized project like FF needs a decentralized stablecoin

👉🏻Enter $USK

👉🏻 $USK does not compromise decentralization with its collateral (only uncensorable assets $ATOM)

👉🏻Liquidations on ORCA also empower community to ensure $USK keeps soft peg

7. Now we know why FF needs $USK but why does $USK Need FF?

🔹Fanfury can help $USK scale

👉🏻By making $USK the stable of choice, Fanfury will open Kujira to the world of fantasy sports

🔹Lets discuss the key benefits and opportunities 👇🏻

8. New Utility for $USK

🔹As discussed, FF stores prize money as stables

👉🏻As people enter competitions with $FURY, the protocol will swap $FURY for $USK

👉🏻If liquidity is exhausted, more $USK will need to be minted

👉🏻⬆️ Volume of $USK minted means ⬆️ fees to $KUJI Stakers

9. $aFURY offers deflationary yield bearing collateral for $USK

🔹Woah thats a lot of new words, lets break this up:

👉🏻Deflationary
👉🏻Yield Bearing

Discussion 👇🏻

10. $FURY is Deflationary

👉🏻40% of the fee from every entry fee is burned as $FURY

👉🏻Also, If $FURY price ⬇️ Token Supply $FURY ⬇️

👉🏻The value of $FURY required to compete remains constant, so as $FURY price ⬇️ more $FURY is needed to play and thus more is burned

11. $aFURY is Yield Bearing

🔹In a recent interview, @adrianrostafari talked $FURY liquid staking

🔹 $aFURY a liquid staking derivative (obtained by staking $FURY) has auto-compounding rewards

https://twitter.com/FanfuryOfficial/status/1562150430548717568

12. Who cares about another liquid staking derivative?

🔹Imagine if sports fans can take their deflationary, yield bearing $aFury and use it as collateral to mint $USK?

🔹This $USK could be used to buy more $FURY for contests or on the FF marketplace for future dynamic NFTs

13. DeFi Opportunities

🔹Join a FF DAO to:
👉🏻Open a CDP position and mint $USK with $aFURY
👉🏻Long $aFURY and lock it as $veFURY(more voting power on staking rewards etc)

🔹Imagine Fan Clubs collective CDPs purchasing real world shares of Sports Teams 🤯

14. Additional DeFi Potential

🔹Self Repaying CDPs with $USK

👉🏻Similar to @kinetic_money , since aFURY is yield bearing, maybe it could auto repay the “loan” on USK over time 🤔

🔹$aFURY as collateral on other borrwoing/lending platforms

🔹Comment your ideas 👇🏻

15. Update: @FanfuryOfficial founder @adrianrostafari announced they will be creating a proposal to begin the partnership with @TeamKujira

Thanks for the shout out!

https://twitter.com/adrianrostafari/status/1564985469397393409

Who wants to see a 🧵👆🏻 that sparked a @TeamKujira @FanfuryOfficial partnership

@SumoKuji
@danku_r
@Casa_Intern
@Kujimonsta
@KujiraStudio
@cryptrus
@KujiraCartel
@boogzalot
@rebel_defi
@EdwinDMonroy
@TheMoonMidas
@AlphaSeeker21
@CryptoAnthony6