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Youssef 🫂🎩
@youssea
I really enjoy what @markcarey has built here and hope everyone can see how cool this is in the background. I'll do my best to dive into the smart contracts design of this, and hopefully @markcarey can correct me if I'm wrong. Let's see 🧵
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Youssef 🫂🎩
@youssea
The new design of /degendogs relies on a @superfluid technology called Distribution Pools. Imagine the pool as a real pool of water, where the water flows to each member in a pipe. The pipe gets bigger or smaller according the "units" (shares) they have.
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Youssef 🫂🎩
@youssea
How? 😯 It's really simple:
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Youssef 🫂🎩
@youssea
- Create a pool - Give users units (shares) in the pool - Stream Money to the pool and @superfluid does the rest Useful for grants, staking, rewards and many other things
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Youssef 🫂🎩
@youssea
In this case, /degendogs nft collection comes with a stream of tokens, the ticker of the token streamed is $woof on degen chain (@degen). You can mint it in a pre-sale on http://mint.club: https://mint.club/token/degen/WOOF
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Youssef 🫂🎩
@youssea
The dogs look pretty cool, and every day a new dog is minted. A daily auction happens on farcaster and proceeds get added to the stream. In addition to this, the treasury of /degendogs is staked as @degen and the 10,000 daily tip allowance used to mint $woof
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Youssef 🫂🎩
@youssea
The way it works in the background makes it so you're automatically earning rewards continuously through a stream by holding a /degendogs NFT Holding a Degen Dog means you have a unit in the Distribution Pool, with a total stream getting bigger every day
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