November 29, 2020 View Online
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In today’s edition: We learn how to enter the crypto DeFi battles at YieldWars, liquidity mining opportunities on SpaceSwap, four token economy of Xiotri DeFi, and how to stake Aavegotchi’s GHST token.

What is YieldWars? Enter the DeFi Arena

what is yieldwars? Enter the DeFi battlefield and earn WAR tokens
In YieldWars what starts as a farming protocol on Ethereum quickly turns into a DeFi Battle Royale as you enter the arena. The platform adds a gamification element to yield farming, where the rewards token WAR is not just used for governance purposes.

What is YieldWars? Every day two crypto communities face each other in a battle of glory, a popularity contest decided by voting. This is done by staking WAR tokens to enter the arena, which allows you to vote for your crypto champion. Champions are other popular DeFi tokens such as VALUE, BASED, PICKLE, or CORE. Essentially, it is a staking pool where all users will receive daily yield rewards in the form of WAR tokens proportionate to their stake.
However, if you do vote for the winning team then you will earn 50% of the loser’s daily yield also. Also, the earlier you vote, as in the sooner you charge into battle, the more rewards you can earn!

How does YieldWars work? First, you need to acquire WAR tokens, which you earn via liquidity mining in various pools or by buying on Uniswap. However, once a battle season is going the only farming pool available is to stake ETH-WAR LP tokens.
How does YieldWars work?
Once you have your WAR tokens, you need to head over to the Battle page for staking in the WARchest. Remember to connect your favorite wallet to the website.
staking WAR tokens in the WARChest with yieldWars.
After the transaction confirms you will be staking and earning daily rewards. More importantly, you can now vote!
Vote for your victor to earn WAR tokens in a glorious DeFi battle on Ethereum.
The good thing is you only need to stake one time for the battle season. Voting does not require any continuous unstaking or staking of your WAR tokens. In the current landscape of high gas fees, it's great to see devs thinking making design decisions that incur as few transactions as possible.

Battle Rules
  • Your initial stake is never at risk, the battle is over your daily rewards.
  • Battles end at 15:00 UTC daily and start again at 16:00 UTC.
  • If you’re on the winning side, then you win 50% of the loser’s rewards.
  • Votes and rewards are proportionate to how much you stake in battle when voting.
  • If there are two battles ongoing, you have to vote in both.
  • Unstaking before the end of a battle season will incur a 1.5% fee, which is immediately shared amongst WAR stakers.
  • Leaving a battle before it ends means all your votes and rewards for that day are forfeit.
Looking to the future. WAR is a governance token, which means the platform’s future development is community-driven. Recently, the team highlighted the creation of The YieldWars Foundation which will set in place a grants program to further the ecosystem’s development. Perhaps following the steps by Harvest Finance’s grant program, which have been well received by the crypto community.
The YieldWars Foundation
There are 2,800,000 WAR tokens total, and after Season 2, all of the tokens allocated towards battle rewards will be distributed. So there is no fear of infinite inflation causing the WAR market to collapse from over emission.

What about future rewards? For Season 3, the team is planning to also add a competitive speculation platform. Essentially, enabling users to place bets on which cryptocurrencies will win in the arena via prediction markets. Excitingly, future platform upgrades will add more parameters for deciding the winner. Such as which token had the most volume or higher price average over 24 hours. The idea is to implement a 10% house fee on betting which will fund future rewards for battles, or go towards a buyback and burn program.

Additionally, there is talk of launching NFT mining and Stablecoin Vaults to generate extra yield for potentially higher rewards. To summarise, it looks like a great time to become a WARLORD!

What is SpaceSwap? Farm MILK2 make SHAKE

what is spaceswap
SpaceSwap is a DeFi platform that leverages Uniswap’s protocol to farm Milk tokens. Users can deposit assets into various pools to earn MILK2 tokens as rewards. Additionally, token holders can make Milk Shake (SHAKE), an ultra scare asset which opens up more rewards.

What is SpaceSwap? Originally starting as a SushiSwap DeFi clone, with plans to deploy and migrate to their automated market maker (AMM). The mysterious space-themed developers quickly realized their original model for MILK was susceptible to over emission and inflation problems. As a result, SpaceSwap v2 came to life with a two token economy and a greatly reduced coin emission.
what is spaceswap?
Additionally, the team chose to remove all the migration code and focus on providing a sustainable farming operation. Users can choose to farm MILK2, the governance token, in the Gravity pools which focus on helping DeFi stablecoins remain on peg. Or the Interstellar pools which are Uniswap pairs voted in by token holders.

Why make SHAKE tokens? Firstly, the token has a fixed total supply of 10,000 meaning its value could easily be driven up by being ultra scarce. Also, 1% of all minted MILK2 tokens are shared proportionally among SHAKE holders. Furthermore, the MILK2-SHAKE farming pool offers one of the highest APY for users.
make shake tokens, what is spaceswap?
However, the true purpose of SHAKE is to help decelerate inflation. Because when a user swaps MILK2 for SHAKE then the Milk tokens are burnt. In the case of the reverse exchange, the price is lowered by 10 MILK2 to stop instant arbitrage from happening.

Upcoming: Shadow farming. With the launch of SpaceSwap 2.0 came security audits from Lianantech, a team part of Beosin. Positively, no security risks were found in the smart contract code. However, the most interesting announcement is an upcoming feature called Shadow Farming.
what is spaceswap? Shadow farming
The team states this approach will revolutionize DeFi farming in the industry, as users will no longer have to stake LP tokens. A process that could be compared to cold staking. Essentially, this will allow for safe harvesting of rewards in an almost gasless experience. With all the rug pulls from malicious clone protocols, along with high transaction costs on Ethereum - this new feature would be game-changing.

Aavegotchi’s GHST staking is live

aavegotchi ghst staking is live
Aavegotchi, an upcoming game on Ethereum which combines decentralized finance (DeFi) with non-fungible tokens (NFTs), staking feature for GHST tokens is now live. Users can start staking GHST to earn FRENS points.

What are FRENS points? The new feature is a small detour from the official roadmap. It looks like the dev team wanted to keep the community excited for Aavegotchi coming to mainnet. Potentially, they are worried investors may get a little anxious - time always moves differently in crypto! The new functionality follows similar NFT mining strategies we’re seeing on platforms like Don’t Buy Meme.
Aavegotchi raffle tickets DeFi GHST staking
Users can earn FRENS points by staking their tokens or Uniswap LP tokens. These points are redeemable for tickets that have 6 different rarity levels. Also, tickets follow an ERC1155 standard meaning they can be traded as collectible via markets such as OpenSea or Rarible. Essentially, tickets allow holders to enter special Raffles where lucky participants will be able to win vouchers for rare Aavegotchi Wearables.
Aavegotchi raffle tickets DeFi GHST staking
The vouchers themselves will also be ERC1155 compliant, which opens up possibilities for some exciting collectible hunting before the mainnet release.

Stake GHST, Make Frens!
  1. Buy GHST tokens. You can use the official GHST token pool (a Curve fork) or use the Uniswap pool.
  2. Stake your tokens. This happens with the new staking UI page on the website. Note if you are a GHST Uniswap liquidity provider, you can stake your LP tokens.
  3. Redeem FRENS points. Using the Aavegotchi shop you can choose which Raffle tickets you would like to buy.
Currently, a Common ticket requires 50 FRENS points whereas a Godlike ticket needs 50,000 FRENS. Remember, the only way you can earn FRENS is by staking GHST - you cannot buy the points directly. For Aavegotchi enthusiasts, it's important to know that staking 1 GHST-ETH LP token earns 100 FRENS per day, whereas staking 1 GHST earns 1 FRENS per day. Good luck!

Xiotri DeFi’s Unique Liquidity Mining Algorithm

xiotri defi liquidity mining
XIOTRI DeFi is a fresh approach to liquidity mining, one which aims to provide value for all participants in a fair approach. Currently, we find many yield farming platforms are ravaged by whale portfolios looking to dump some free DeFi rewards.

What is XIOTRI DeFi? Xiotri DeFi’s algorithm provides disincentives for being overly greedy. Meaning the protocol works to enable more users to participate in staking while keeping the rewards balanced. This is an approach we have seen in projects such as DEGO Finance where stakers are put into tiers. Essentially, the platform works to emit its reward/governance token Ri in a way that will keep the ecosystem in balance. The aim is to avoid a scenario where larger portfolios earn massive amounts of Ri. And, immediately dump them causing the ecosystem collapse and move on.
What is Xiotri DeFi?
This is a common problem that farming operations are coming across, one that destroys trust with its users. One reason why some teams are now locking liquidity. Because, when the platform's reward token price collapses the biggest victims are the smaller portfolio farmers.

Four Token Ecosystem
xiotri defi liquidity mining
The project has three main tokens XIOT and bXIOT, and dXIOT for staking and routing liquidity. Users can earn dXIOT by single staking XIOT, bXIOT, or RI. And, all pool pairs for liquidity providers to farm RI are with the platform’s native tokens. Ri token is also stakable, as a result, the platform aims to become a giant 3 token liquidity mine.
  • The team is remaining tight-lipped on how exactly their sustainable DeFi reward algorithm works. Note that the platform is still in beta, not all the functionality is live, and there have not been any audits as of yet.
Ri rewards token from Xiotri DeFi is halved over time.
Inflation reduces… Ri emission follows a design that halves the rewards once per year. Currently, this is planned to happen over a period of six years. Meaning this is a farming operation users could definitely stay in long term: stake and forget!

Also take note

  • acBTC: a new Bitcoin on Ethereum implementation that intends to be backed by other ERC20 BTC tokens such as renBTC or vBTC.
  • Sloth Finance: Feeling lazy? Might be you need to sit back and farm the jungle. Earn SLOTH, a deflationary elastic supply token.
  • Stabilize: If you’re constantly chasing the farming platform with the highest APY, then check out Stabilize finance with STBZ/ETH pool constantly above 2000%.
  • Deus Finance: Tired of looking at clone projects? Here is a team building new tech, worth taking a look at.
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The information provided on this email should not be taken as investment advice, financial advice, trading advice, or any other sort of advice. dExplain does not recommend the use of any decentralized application nor that any cryptocurrency should be bought, sold, or held by you. You should do your own research and consult a financial advisor before making any investments.

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