Content
@
0 reply
0 recast
0 reaction
proxy
@proxystudio.eth
test_degen_dollar update: Today marks the beginning of the end! Experiment has been highly successful and we've gathered a bunch of data that will be useful for implementing a further iteration in the future. Step 1. I locked up the 1555 "creator mint" tokens on mint club, pool on proxyswap will be LPed until friday Step 2. test_degen_dollar holders can either burn tokens for DEGEN on mint club, or swap for USDC on @proxyswap - please note that USDC has a 7 day bridge delay on @decentdao Step 3. throughout this week I'll dm individual holders and make sure they are aware of the closure of the experiment - no user will be left behind Step 4. By friday, I'll fully close the mint club and proxyswap pools. If any holder has not migrated by then I'll pay them out personally at market rate Step 5. I have a dashboard of holders to use for a very special surprise on launch of USDegen Will publish a report on Friday sharing data from the experiment! If you participated, thank you for supporting DL3!
4 replies
1 recast
15 reactions
proxy
@proxystudio.eth
Links & Info: burn to degen: https://mint.club/token/degen/TEST_DD locked degen: 288.9K WDEGEN ($2,009.25) swap to USDC: proxyswap.tips LPed USDC: 1,672.5 Fees earned: 51,181 DEGEN
0 reply
0 recast
3 reactions
Omishon πα½ π©
@omishon
Very excited to see what you've come up with! Maybe this will be DegenL3's DAI. I'm liking the overlapping arbitrage mechanisms and mixed "collateral" (degen for mintclub, USDC via bridge and swap). Great use of the bonding curve on mint club. Have you talked to jacek about degen dev incentives to help get it off the ground(initial liquidity)?
1 reply
0 recast
3 reactions
milan.ββ¨-β¨ π΅πΉπ©
@milanshrestha
glad to hear the experiment was a huge success π» gl on the next steps π 1777 $degen
1 reply
0 recast
2 reactions
milan.ββ¨-β¨ π΅πΉπ©
@milanshrestha
I must have misread this cast, so we can still use tips to mint test_degen and swap to degen or USD until Friday, right? I was thinking tip to mint test_degen_dollar was closed after this cast.
1 reply
0 recast
1 reaction
