Hi fam, I’d like to bring attention to the fact that our DinoSwap extinction pool will soon expire (3rd week of October I believe). DinoSwap core team wants to know if we are keen to fund another round and shared a few key updates regarding the platform. Here is a synopsis direct from team DINO:
"We are preparing to launch our own AMM and we’d like to propose that Aavegotchi migrate it’s liquidity of GHST-ETH from QuickSwap to DinoSwap.
We will then incentivize this new DinoSwap LP token of stkGHST-ETH with a 2x multiplier for the first week and a 1x multiplier for the remaining 3 months. *We do understand that our token value has dropped so the DINO rewards are expected to be less than the previous term. However at current prices, they are still estimated to be roughly $500k.
In exchange, we ask that Aavegotchi provide $200k of GHST tokens and we will launch a brand new GHST extinction pool in conjunction with the new farm.
Please feel free to reach out with any questions and again we’re very thankful to you guys for supporting our launch from Day 1.
Hope to continue this collaboration! "
- DinoSwap AMM going live quite soon (target is vague but definitely this Q4)
- stkGHST-ETH currently holds $6M of liquidity on Quickswap without any QUICK rewards incentive; its all DINO and FRENS
- The ask from Dinoswap is the same as last time $200k USD worth of GHST
- Last time AavegotchiDAO funded $100k and Pixelcraft Studios matched. Pixelcraft was excited to help fund round 1 but any further rounds will be up to the DAO. This does not reflect on Pixelcrafts opinion of the extinction pools but rather how we saw our role being key in the first significant treasury use by the DAO. We were glad to help with “walk then run” principle in a nutshell.
*Discuss if the current offer is desirable as is, something that needs a counter offer, or is to be outright rejected.
*Signal if you would like to have DinoSwap back for another AMA for real time discussion of possibilities.