Drops Announcements
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Updates on AMA and Poker night!

Today at 4 pm UTC we will be hosting AMA on Dropsmanship Discord stage https://discord.gg/6DSNXpa5
You can can ask your questions here: https://discord.com/channels/807268748112560138/1072157043839991938

Poker Night!
Tomorrow, Feb 11 - at 1pm EST / 6pm UTC we will host a Poker night.
Join Poker channel here: https://discord.gg/FaHWJsjwzg

Winner will grab 200 DOP
Partnership announcement!
insrt finance x Drops = NFT yield meets leverage
๐Ÿ‘‡
https://twitter.com/dropsnft/status/1625175170968174598
๐Ÿ”ฅ6โค1
New proposal to list NFTX xTokens as collateral on Drops pool is up for discussion.
By listing xTokens we will enable leverage farming for NFTX users.

Voice your thoughts๐Ÿ‘‡
https://discord.com/channels/807268748112560138/1075454828920193114
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Governance vote to list xTokens on Drops pools is live.
Voting closes on Feb 23, 1pm EST / 5pm UTC

After the vote participants will be able to mint governance POAP NFT
https://snapshot.org/#/dropsdao.eth/proposal/0x3dd6a1872803cb993d6c85fa930d62aa3a6def0ffcc5bf561f47eec6f694891c
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Weโ€™re excited to announce partnership with NFTX. Drops will xTokens to be used as collateral.

It will allow NFTX users to create leveraged yield and self repaying loans.
Read more๐Ÿ‘‡
https://twitter.com/dropsnft/status/1628816550005202950

P.S. Everyone that participated in the DIP-6 governance vote can mint POAP NFT
on Galxe
https://galxe.com/DropsDAO/campaign/GCtjqU4yhB
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โš ๏ธ Planned maintenance work โš ๏ธ
Tomorrow, on the 1st of March from 7pm until 10pm UTC weโ€™re going to conduct drops.co maintenance work.

App interface will be temporarily unavailable.

We apologize for the inconvenience and thank you for understanding.

Bear in mind you can still interact with the protocol directly through etherscan.

Drops smart contracts can be found below
https://docs.drops.co/links/smart-contracts
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Fidenza & Ringers collections got added to Drops Art Blocks pool

https://twitter.com/dropsnft/status/1631359863493197827
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Weโ€™ve added the support of NFTX xTokens on Drops.

xPUNK, xMEEB, xWIZARD, xMILADY or xSQGL with up to 65% LTV.

Over 250 ETH is available for your degen needs.

https://twitter.com/dropsnft/status/1632811329957273600
๐Ÿ”ฅ10โค1
1 more step towards lower DOP emissions.

Weโ€™ve updated lending pool contracts which now allow to disable rewards for borrowing.

Borrowing incentives have been set to 0.

Total emissions on lending pools have been reduced from 12,000 -> 7000 DOP/month.

Total DOP emissions now look as following:

DOP LP staking: 6000/mo

Lending pools: 7000/mo

veDOP: 18,000/mo

Total: 31,000 DOP/mo

Weโ€™re committed to reduce DOP inflation further.

By the end of March:

Launch of esDOP will further decrease sell pressure from lending pool incentives.

DOP LP incentives will be reduced and transferred to Bunni protocol that incentivizes Uni v3 pairs.
๐Ÿ”ฅ10๐Ÿ‘1
We're thrilled to share that the DOP/ETH gauge vote on Bunni has been successfully passed!

This means that our LP on Uniswap v3 will now be able to receive incentives with LIT tokens. Liquidity providers will be able to have higher APY and DOP emissions will be reduced.

We're excited about this development and look forward to sharing more updates with you soon.
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DOP emissions are set to decrease even further.

A governance proposal has been approved on Bunni.pro to increase the rewards cap for DOP-WETH LP from 2% to 10%.

This means that more Bunni LIT tokens can be used for incentives, resulting in higher APRs.

The current DOP-WETH LP staking program on Drops is scheduled to close within the next two weeks.

Reducing monthly emissions by another 6000 DOP.

Soon emissions will look in the following way:

DOP LP staking: 0

Lending pools: 7000/mo

veDOP: 18,000/mo

Total: 25,000 DOP/mo
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The first week of increased incentives on Bunni for DOP-ETH has begun.

APR starts from 94% and can be boosted up to 924% by locking acquiring veLIT.

To take advantage of these high yields, visit
https://bunni.pro/stake

Important Reminder
DOP-ETH incentives on Drops will be turned off on May 8th.
๐Ÿ”ฅ7โค1
Channel photo updated
Introducing Positions Pool.
Liquidity layer to lever up on locked up LP tokens.

Like & comment โ€œlunch is servedโ€ to win 200 DOP tomorrow
https://twitter.com/dropslabs/status/1696931263670624696
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Gm,

DOP, veDOP and LP providers can claim Loomlay - $LAY token airdrop
loomlay.com/claim

Token holders snapshot was taken yesterday. veDOP & LPs in July.

Loomlay is a no-code AI agent builder
https://x.com/loomlayai

community
https://t.me/loomlay