Liquidity for the ALVIN-WXDAI Pool
Over the last couple months, Shenanigan and 1hive have been planning a collaboration via a fork of unisocks.
Here is the previous post outlining it all in case you missed it: 1hive Wearable NFTs Details
If you’ve been living under a rock the past few months, Unisocks is a token by Uniswap that can be redeemed for a pair of real, wearable socks. Currently 1 pair of SOCKS is priced at $80000.
Over the last week, I forked Unisocks to support ALVIN and SHWEATPANTS, a variant of unisocks for the two projects. In the last post, the community decided to do a shirt, however with the release of Agave in the next month, BuzzDAO thought it more appropriate to do an Agave Alvin plushie instead and I agreed.
As of now, the code has been forked and the staking contracts have been written
You can find the locked alpha site here -> https://pensive-johnson-c32505.netlify.app/
as well as the contracts here -> https://github.com/ShenaniganDApp/DrippStaking/tree/master/contracts
To get this kicked off, 1hive will need to add 50 ALVIN at 35 XDAI per ALVIN starting price to the ALVIN-WXDAI pool. It’d be best if 1hive got the LP rewards (and not me) so this proposal will send 2 HNY to the aragon BuzzDAO address
Shenanigan is prepared to do the same
A blog post from BuzzDAO will be coming in the next two weeks outlining details how the staking and distributions will work
This proposal exists to kickoff the Dripp by Shenanigan website. We have been discussing the possibility of a collaboration for months and now it is finally coming to fruition. SOCKS have seen great success and the Dripp project will take this idea even further. Adding staking, multiple items, LP incentives and more. On top of this, the staking contracts are infinitely extensible and token agnostic, so Dripp by Shenanigan can support as many xDAI projects as we’d like. In the future any number of projects can use this platform to release wearable tokens or do a collaboration.
Expected duration or delivery date (if applicable):
Team Information (For Funding Proposals)
BuzzDAO and Shenanigan Team (me and prettyscone)
Skills and previous experience in related or similar work:
Founder of Shenanigan
Funding Information (For Funding Proposals)
Ethereum address where funds shall be transferred:
More detailed description of how funds will be handled and used:
Funds will be used to add liquidity to the ALVIN-WXDAI Pool