1/8 A wild pokemon has appeared on the @terra_money blockchain!
But seriously, there really is a Charmander pokemon on the Terra testnet.
It's being used to test the new Darwin protocol, which allows for evolving NFTs 👀
Come take a look at Terra’s secret new NFT tech 🧵👇
2/8 Darwin protocol will revolutionize NFTs. With Darwin, NFT creators will be able to create:
• NFTs that evolve / devolve if an on-chain condition is met
• NFTs that users can only get at a specific geographic location (using a phone's GPS)
• soul-bound NFTs
3/8 Darwin is the killer app for NFTs!
Everyone knows basic PFP NFTs are lame. Darwin will make NFTs actually useful and interesting.
• Validators:
👉🏻Choose how to distribute MEV funds (bids from users)
👉🏻Decide how involved Skip is in Block Building
👉🏻Protect blocks from frontrunning/sandwiching
The big difference is that Zodiac is doing LP tokens, and Zodiac splitting will be fixed term, not perpetual.
3/6 So for example, you deposit an LP token with Zodiac. In return, you get a Principal LP token and a Yield LP token. The principal token represents the underlying assets, and yield token represents the swap fees and incentives.