| Role | Discord Handle |
|---|---|
Contract Dev | JosepBove#9999josephroc (🦎🦎)#1646 |
Frontend Dev | neeko (🦎🦎)#2485 |
UX Design | 0xjim#6969 |
Visual Design | aethermilk✨#7792 |
Art | TBD |
Coordinator | TBD |
Content/Copy | TBD |
QA | TBD |
High-level Idea
NFTs that — as you stake them — give you more NFTs
OR
NFTs that are held in your wallet but more are minted / some are burned based on some threshold (e.g., oracle that 1 NFT = 0.1 ETH)
Context
Why we want this
- Rebasing NFTs would be absurd and hilarious
- People get yield from their NFTs
How it would work
Option 1: like Olympus
- [P0] Buy NFT from the genesis drop
- genesis NFTs will look different than the new, rebased NFTs
- New, rebased NFTs can also be staked. No difference in yield accrual
- [P0] Stake NFT
- [P1] Receive sNFT as staking derivative
- No utility for now, but maybe a market will form
- [P0] More NFTs are given to you every epoch (i.e., rebase period)
- For example: 1 NFT per day
NFTs given are dependent on the rarity of the NFT you staked
- Rarity tiers
- Common (1 NFT per day / 36500% APY)
- Will only receive common NFT (100%)
- Rare (1 NFT per day / 36500% APY)
- 1% receive another rare NFT
- 99% receive a common NFT
- Legendary (2 NFT per day / 73000% APY)
- 1% receive a legendary NFT
- 10% receive a rare NFT
- 89% receive a common NFT
- God (3 NFT per day / 73000% APY)
- 1% receive god NFT
- 10% receive legendary NFT
- 20% receive rare NFT
- 69% receive a common NFT
Option 2: like Ampleforth
Hold NFT in EOAMore NFTs are minted and given to you or NFTs are burned from your wallet every epochNFT are pegged to 0.1ETH
Should Genesis NFTs have more yield?
How it would look
NFTs
- Rabbits! Because they multiply
- Four tiers
- Common
- Rare
- Legendary
- God
Alternative:
UI
- landing page
- mint page (i.e., mint a genesis NFT)
- dashboard (some stats)
- stake & withdraw page
- docs