Hny Socks
Proposal Information
Proposal description:
About Shenanigan
Shenanigan is a DAO on xDai trying to build a new world for athletes that saves them from being sponsorship slaves. Using NFTs, personal tokens, and DeFi, SHE is creating personalized markets around athletes. You can learn more in this blog post.
Wearable NFTs
Shenanigan has been preparing to release SHWEATPANTS for the last month. We have forked Aavegotchis GHST staking contracts, changed them to work for shweatpants and built a frontend here http://she.energy/staking
To produce the shweatpants we are using the new Metafactory DAO. They have already agreed to take a mix of xDai and Particle as payment from Shenanigan. It works like this:
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We mint 100 SHWEATPANT and buy 100 pairs from metafactory
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PRTCLE and PRTCLE-XDAI LP tokens produce Shweat, a non tradeable point system. The first 100 stakers to reach 1,000,000 Shweat, earn their sweatpants
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Shenanigan handles the distribution of these shweatpants ourselves
Hny Socks
Shenanigan is already setup to do this. In fact, we were about to role it out today! We can postpone and add some dope HNY socks into the mix, Instead of just sweatpants, we can have hny socks with honey incentives.
Also, instead of the prtcle-wxdai LP token, we can incentivize hny, particle, and hny-prtcle LP.
I could lead a channel in the 1hive Discord for designing socks and bootstrapping the necessary tech requirements.
Future
Shenanigan doesn’t want to stop at sweatpants, we want all our swag to be distributed this way. After the initial shweatpant drop, we are going to fork Aavegotchi randomized raffle contracts to distribute the future wearable NFTs. This incentives keeping tokens staked while being whale resistant. We could further collaborate with 1hive and put out tshirts, wristbands, water bottles, etc
Proposal Rationale
A wise man once said
“If you want to go fast, go alone, if you want to go far, go together”
Farms were great, for everyone except 1hive. As xdai natives, we need to move together. Now there isn’t much overlap with our tech but we are a huge userbase. This would not only work well for bootstrapping long term LPs, but it would also show things are happening on xdai and it’s more than just a testnet. Nobody wants to miss out on wearable NFTs. Shenanigan and 1hive can bring more people to xdai if we work together. Wearable NFTs are something different. I think this would be a crazy (and popular) way to do it.
I think the value of collaboration is undervalued in the crypto space. TREE had its launch today and due to its integration with other projects, it saw amazing success. However, on the backside of things the TREE launch, PAN saw a large influx because TREE incentivized owning PAN. It was mutually beneficial.
Expected duration or delivery date (if applicable):
1 month
Team Information (For Funding Proposals)
Shenanigan team.
http://she.energy/join
http://twitter.com/She_DApp
Skills and previous experience in related or similar work:
We have coders and MetaFactory agreed to do this already.
Funding Information (For Funding Proposals)
However much socks cost + 2HNY for dev fees
Ethereum address where funds shall be transferred:
0xE8aDaeA0bA507a28d1309051BecEb4db7Fe377AF
More detailed description of how funds will be handled and used:
Buying socks
(Future proposal for shipping socks)