The first iteration of Peanut Hedge Platform
Now you can test the calculation of the preliminary savings: https://dev-hedge.peanut.trade/calculator
1️⃣ Enter the liquidity amount
2️⃣ Choose the period of time of providing the liquidity
3️⃣ Enter the expected token price and check the results
During week we will share one more product MVP 🥜
Now you can test the calculation of the preliminary savings: https://dev-hedge.peanut.trade/calculator
1️⃣ Enter the liquidity amount
2️⃣ Choose the period of time of providing the liquidity
3️⃣ Enter the expected token price and check the results
During week we will share one more product MVP 🥜
Peanut partners with SakeSwap to launch liquidity mining program with 150% APY
We are excited to announce a new liquidity mining program together with SakeSwap team.
What is SakeSwap?
SakeSwap is the first DEX that shares arbitrage profits with liquidity providers to maximise rewards.
Instead of arbitrators acquiring all the slippage in Uniswap, liquidity providers in SakeSwap are enabled to capture profits otherwise captured by arbitrageurs with virtual trading curves. In the case of spatial arbitrage, the AMM collects 50 % slippage capacity from arbitrage traders. As a result, the other 50 % will be shared among liquidity providers. The 50 % slippage capacity for liquidity providers can enlarge LPs’ income up to ～200 % compared to transaction fee as income.
Stake NUX-ETH and get up to 150% APY in native SakeSwap token rewards.
https://app.sakeswap.finance/#/liquidity-offering
We are excited to announce a new liquidity mining program together with SakeSwap team.
What is SakeSwap?
SakeSwap is the first DEX that shares arbitrage profits with liquidity providers to maximise rewards.
Instead of arbitrators acquiring all the slippage in Uniswap, liquidity providers in SakeSwap are enabled to capture profits otherwise captured by arbitrageurs with virtual trading curves. In the case of spatial arbitrage, the AMM collects 50 % slippage capacity from arbitrage traders. As a result, the other 50 % will be shared among liquidity providers. The 50 % slippage capacity for liquidity providers can enlarge LPs’ income up to ～200 % compared to transaction fee as income.
Stake NUX-ETH and get up to 150% APY in native SakeSwap token rewards.
https://app.sakeswap.finance/#/liquidity-offering
What to Expect for the #REMSWAP + Common Questions
Our team has received inquiries from the Remme community about how REM tokens are swapped and what to expect on the day of swapping.
As you may know, We decided to put on hold active business-development for REMChain and make full conversion $REM to $NUX token. All ERC20 and native REMChain tokens (even locked) could be exchanged for $NUX. And here is the details:
Starting Date: the first week of June
End Date: the first week of July (can be adjusted)
Swap Rate: 380 $REM : 1 $NUX
Vesting Period: daily unlock for 750 days starting from FEB, 23d 2021. Details
Tokens unlocked on the start: ± 16%
Common Questions
I have my REM on REMChain. What should I do?
First of all do not panic. Everything's under control. The only thing you need to do is identify your ERC20 address. This instruction will take you a maximum of 5 minutes: https://telegra.ph/Guardians-Identifying-the-ERC20-address-03-10
I have already identified my ERC 20 address as a REMChain user. What’s next?
First of all we'll TERMINATE all the swaps on/from #REMChain starting from June, 3.
At the first week of June we’ll provide the flow on our peanut.trade website where you can easily swap your $REM for $NUX tokens in a couple of clicks. You do not need to exchange tokens for a native on REMChain and go through the address identification. Wait for the announcement of the Swap launch.
I hold REM on my ERC20 wallet/cold wallet. What to do?
At the first week of June we’ll provide the flow on our peanut.trade website where you can easily swap your $REM for $NUX tokens in a couple of clicks. You do not need to exchange tokens for a native on REMChain and go through the address identification. Wait for the announcement of the Swap launch.
Should I send my REM to ERC20 wallet if I hold it on exchange?
You can send your $REM Tokens to the ERC20 address (Metamask is preferable) and swap it using our native flow on peanut.trade that will be announced shortly.
Our team has received inquiries from the Remme community about how REM tokens are swapped and what to expect on the day of swapping.
As you may know, We decided to put on hold active business-development for REMChain and make full conversion $REM to $NUX token. All ERC20 and native REMChain tokens (even locked) could be exchanged for $NUX. And here is the details:
Starting Date: the first week of June
End Date: the first week of July (can be adjusted)
Swap Rate: 380 $REM : 1 $NUX
Vesting Period: daily unlock for 750 days starting from FEB, 23d 2021. Details
Tokens unlocked on the start: ± 16%
Common Questions
I have my REM on REMChain. What should I do?
First of all do not panic. Everything's under control. The only thing you need to do is identify your ERC20 address. This instruction will take you a maximum of 5 minutes: https://telegra.ph/Guardians-Identifying-the-ERC20-address-03-10
I have already identified my ERC 20 address as a REMChain user. What’s next?
First of all we'll TERMINATE all the swaps on/from #REMChain starting from June, 3.
At the first week of June we’ll provide the flow on our peanut.trade website where you can easily swap your $REM for $NUX tokens in a couple of clicks. You do not need to exchange tokens for a native on REMChain and go through the address identification. Wait for the announcement of the Swap launch.
I hold REM on my ERC20 wallet/cold wallet. What to do?
At the first week of June we’ll provide the flow on our peanut.trade website where you can easily swap your $REM for $NUX tokens in a couple of clicks. You do not need to exchange tokens for a native on REMChain and go through the address identification. Wait for the announcement of the Swap launch.
Should I send my REM to ERC20 wallet if I hold it on exchange?
You can send your $REM Tokens to the ERC20 address (Metamask is preferable) and swap it using our native flow on peanut.trade that will be announced shortly.
Bi-weekly Highlights #2
Previous
⚙️ PRODUCTS AND TECHNOLOGY
🎯 Hedge platform for high liquidity pools
The Hedge platform development is going by the pipeline. Estimation finished and now we are working on the processing. The first iteration of Peanut Hedge Platform is done and now you can test the calculation of the preliminary savings: https://dev-hedge.peanut.trade/calculator
🎯 FeeNo
Feeno page is live on the website - https://peanut.trade/feeno. Feeno MVP is already developed and presented to potential partners during the conferences. We’ll share the demo with the community as soon as it possible. For now continuing our work on the production version.
🎯 Smart LP
Finishing the architecture and design development. The beginning of the product development is planned on the end of June.
🎯 REM to NUX swap
Finalizing the ERC20 list for claiming $NUX tokens. The smart contract has already been finished. Testing the widget and fixing bugs. The estimation swap date is Sunday/Monday.
⚙️ MARKETING
🎯 Conferences
Peanut team was exhibiting at AIBC conference in Dubai on May 25-27th. The conference went smooth and all of our products got lots of attention and interest. We’ve had conversations with few leading companies from Top-50 by market cap. They are interested in Feeno integration into their DeFi wallets and using their futures platform for our Hedge product.
Peanut CEO, Alex Momot, and CTO, Anatolii Padenko, participate in one of the largest event of the blockchain industry - Bitcoin 2021 conference in Miami, June 4-5. The goal is to bring more potential partners and awareness to the Peanut ecosystem.
🎯 Liquidity Mining programs
Peanut partnered with bRing.finance on May 28. This program allows farm $NUX along with 4 other tokens at 150% APY. We will be working with bRing team on adding more pools in the future.
Another liquidity mining program will be launched with SakuSwap on June, 5th. The first DEX that shares arbitrage profits with liquidity providers to maximize rewards. We will keep the community updated once it goes live.
🎯 Influencers
DataDash about Peanut Liquidity Balancer tool: https://www.youtube.com/watch?v=k6DOqA8W6Ik
Chico Crypto about Peanut Liquidity Balancer tool: https://youtu.be/d3HVGCqFoM0
We’ll have more cooperation with YouTubers and other influencers as well.
🎯 Website
Feeno page is live - https://peanut.trade/feeno. REM to NUX widget will be added to the claim tab during this weekend.
We’ve also extended our ad banner on DEX tools - Fair Launch promo with Feeno banner is coming.
🎯 Marketing partnerships
We are currently in negotiation with a couple of agencies according the marketing as well as tokenomics. More details will be released in the next updates.
Previous
⚙️ PRODUCTS AND TECHNOLOGY
🎯 Hedge platform for high liquidity pools
The Hedge platform development is going by the pipeline. Estimation finished and now we are working on the processing. The first iteration of Peanut Hedge Platform is done and now you can test the calculation of the preliminary savings: https://dev-hedge.peanut.trade/calculator
🎯 FeeNo
Feeno page is live on the website - https://peanut.trade/feeno. Feeno MVP is already developed and presented to potential partners during the conferences. We’ll share the demo with the community as soon as it possible. For now continuing our work on the production version.
🎯 Smart LP
Finishing the architecture and design development. The beginning of the product development is planned on the end of June.
🎯 REM to NUX swap
Finalizing the ERC20 list for claiming $NUX tokens. The smart contract has already been finished. Testing the widget and fixing bugs. The estimation swap date is Sunday/Monday.
⚙️ MARKETING
🎯 Conferences
Peanut team was exhibiting at AIBC conference in Dubai on May 25-27th. The conference went smooth and all of our products got lots of attention and interest. We’ve had conversations with few leading companies from Top-50 by market cap. They are interested in Feeno integration into their DeFi wallets and using their futures platform for our Hedge product.
Peanut CEO, Alex Momot, and CTO, Anatolii Padenko, participate in one of the largest event of the blockchain industry - Bitcoin 2021 conference in Miami, June 4-5. The goal is to bring more potential partners and awareness to the Peanut ecosystem.
🎯 Liquidity Mining programs
Peanut partnered with bRing.finance on May 28. This program allows farm $NUX along with 4 other tokens at 150% APY. We will be working with bRing team on adding more pools in the future.
Another liquidity mining program will be launched with SakuSwap on June, 5th. The first DEX that shares arbitrage profits with liquidity providers to maximize rewards. We will keep the community updated once it goes live.
🎯 Influencers
DataDash about Peanut Liquidity Balancer tool: https://www.youtube.com/watch?v=k6DOqA8W6Ik
Chico Crypto about Peanut Liquidity Balancer tool: https://youtu.be/d3HVGCqFoM0
We’ll have more cooperation with YouTubers and other influencers as well.
🎯 Website
Feeno page is live - https://peanut.trade/feeno. REM to NUX widget will be added to the claim tab during this weekend.
We’ve also extended our ad banner on DEX tools - Fair Launch promo with Feeno banner is coming.
🎯 Marketing partnerships
We are currently in negotiation with a couple of agencies according the marketing as well as tokenomics. More details will be released in the next updates.
SakeSwap Farming pool opens today at 10:00 UTC
https://app.sakeswap.finance/#/liquidity-offering
https://app.sakeswap.finance/#/liquidity-offering
Time to swap your $REM to $NUX
Follow the link and connect your MetaMask with $REM tokens to swap it for $NUX
https://peanut.trade/swap-rem-for-nux
Follow the link and connect your MetaMask with $REM tokens to swap it for $NUX
https://peanut.trade/swap-rem-for-nux
Peanut partners with YSL.IO
YSL.IO is a cutting-edge DeFi tool designed to OPTIMISE & AMPLIFY returns from yield farming platforms through sophisticated techniques.
We're glad to announce our partnership with YSL.IO (YSL)
Brief benefits for Peanut 🥜:
✅ NUX-BNB vault at launch 🚀
✅ Airdrop to the NUX community 🎁
Check out Medium post to learn the details about the airdrop and our partnership! ⚡️
👉 https://ysl-io.medium.com/ysl-io-peanut-20b89dde07a7
🐥 YSL Twitter
✈️ YSL Telegram
YSL.IO is a cutting-edge DeFi tool designed to OPTIMISE & AMPLIFY returns from yield farming platforms through sophisticated techniques.
We're glad to announce our partnership with YSL.IO (YSL)
Brief benefits for Peanut 🥜:
✅ NUX-BNB vault at launch 🚀
✅ Airdrop to the NUX community 🎁
Check out Medium post to learn the details about the airdrop and our partnership! ⚡️
👉 https://ysl-io.medium.com/ysl-io-peanut-20b89dde07a7
🐥 YSL Twitter
✈️ YSL Telegram
Bi-weekly Highlights #3
⚙️ PRODUCTS AND TECHNOLOGY
🎯 Hedge platform for high liquidity pools
We continue our work on processing and liquidity providing mechanism. We expect the first live of LP mechanism and processing in several weeks. Reminding that you can already test the calculation of the preliminary savings: https://dev-hedge.peanut.trade/calculator
🎯 Feeno
We’ve finalized the architecture and ready to start the development of Feeno smart contract from the following week. In a couple of days we’ll also start the developing of the Feeno’s API.
🎯 Smart LP
We have already started the smart contract development for our first pair ETH/USDt. The smart contract structure is already done. We’re planning to start our internal tests of the first working version till the mid of July.
🎯 $REM to $NUX swap
We have already started the swap process. Guardians and $REM token holders can claim/swap their asset here: https://peanut.trade/swap-rem-for-nux
⚙️ MARKETING
🎯 Conferences
We spent half a month traveling to various conferences. We managed to communicate with many people on different continents and preliminarily agreed on a couple of calls and further discussions on the introduction of our technologies into wallets and crypto products. Potential users include old foxes of the crypto industry as well. We will keep you informed if there is any progress in this direction.
🎯 Liquidity Mining programs
We are in the final stages of agreements with another platform where you can stake $NUX and earn rewards in $NUX + 4 other coins. It will be launched by the end of the month.
🎯 Marketing partnerships
Entered into an agreement with a marketing agency from Dubai. They will help us highlight Peanut products through various advertising channels, mainly YouTube and twitter influencers;
- Extended Fair Launch promo on DEXtools
- Finalizing negotiations with a new staking partner, announcement coming next week.
⚙️ MAY REVENUE
May revenue - $372k. 62500 NUX has been sent to buyback address. May market was very bad for listings, most projects choose delays and moving to BSC (Pancake)&Polygon (Quickswap). That`s why we are introducing new tools for Fair launch - Pancake listing and fixed price (flat fee) together with new logic for initial market making similar with "bid selling" on CEXs
⚙️ PRODUCTS AND TECHNOLOGY
🎯 Hedge platform for high liquidity pools
We continue our work on processing and liquidity providing mechanism. We expect the first live of LP mechanism and processing in several weeks. Reminding that you can already test the calculation of the preliminary savings: https://dev-hedge.peanut.trade/calculator
🎯 Feeno
We’ve finalized the architecture and ready to start the development of Feeno smart contract from the following week. In a couple of days we’ll also start the developing of the Feeno’s API.
🎯 Smart LP
We have already started the smart contract development for our first pair ETH/USDt. The smart contract structure is already done. We’re planning to start our internal tests of the first working version till the mid of July.
🎯 $REM to $NUX swap
We have already started the swap process. Guardians and $REM token holders can claim/swap their asset here: https://peanut.trade/swap-rem-for-nux
⚙️ MARKETING
🎯 Conferences
We spent half a month traveling to various conferences. We managed to communicate with many people on different continents and preliminarily agreed on a couple of calls and further discussions on the introduction of our technologies into wallets and crypto products. Potential users include old foxes of the crypto industry as well. We will keep you informed if there is any progress in this direction.
🎯 Liquidity Mining programs
We are in the final stages of agreements with another platform where you can stake $NUX and earn rewards in $NUX + 4 other coins. It will be launched by the end of the month.
🎯 Marketing partnerships
Entered into an agreement with a marketing agency from Dubai. They will help us highlight Peanut products through various advertising channels, mainly YouTube and twitter influencers;
- Extended Fair Launch promo on DEXtools
- Finalizing negotiations with a new staking partner, announcement coming next week.
⚙️ MAY REVENUE
May revenue - $372k. 62500 NUX has been sent to buyback address. May market was very bad for listings, most projects choose delays and moving to BSC (Pancake)&Polygon (Quickswap). That`s why we are introducing new tools for Fair launch - Pancake listing and fixed price (flat fee) together with new logic for initial market making similar with "bid selling" on CEXs
Demo of Feeno MVP progress
https://www.loom.com/share/c7f0cf814a0f418cbb9c32197951f7aa
https://www.loom.com/share/c7f0cf814a0f418cbb9c32197951f7aa
Loom
Small Peanut Feeno Demo
Farm $NUX and receive 4 more coins
- This pool is on Binance Smart Chain, with BEP-20 Tokens
- Earn up to 250% APY
- No Lock-In. Unstake anytime.
Check out the details here:
https://blog.oropocket.com/unifarm/announcing-unifarm-cohort-14-june-25-binance-smart-chain/
- This pool is on Binance Smart Chain, with BEP-20 Tokens
- Earn up to 250% APY
- No Lock-In. Unstake anytime.
Check out the details here:
https://blog.oropocket.com/unifarm/announcing-unifarm-cohort-14-june-25-binance-smart-chain/
🥜 Peanut (Announcement)
Farm $NUX and receive 4 more coins - This pool is on Binance Smart Chain, with BEP-20 Tokens - Earn up to 250% APY - No Lock-In. Unstake anytime. Check out the details here: https://blog.oropocket.com/unifarm/announcing-unifarm-cohort-14-june-25-binance…
#UniFarmCohort14 going live today!
On #BSC
1:30 PM UTC
https://blog.oropocket.com/unifarm/how-to-stake-on-unifarm-cohort-14/
On #BSC
1:30 PM UTC
https://blog.oropocket.com/unifarm/how-to-stake-on-unifarm-cohort-14/
Peanut partners with xSigma
We are pleased to announce that xSigma has partnered with Peanut and will integrate Feeno solution to enable ETH-free and front-run resistant transactions for xSigma DEX's users and LPs.
🚨 It will be possible to send USDT/USDC/DAI with no ETH in the wallet.
🕔 The feature will be available in Q3 2021.
Click to integrate Feeno into your app to enable ETH-free transactions and swaps, provide 100% front-run protection and offer a cashback to your users.
We are pleased to announce that xSigma has partnered with Peanut and will integrate Feeno solution to enable ETH-free and front-run resistant transactions for xSigma DEX's users and LPs.
🚨 It will be possible to send USDT/USDC/DAI with no ETH in the wallet.
🕔 The feature will be available in Q3 2021.
Click to integrate Feeno into your app to enable ETH-free transactions and swaps, provide 100% front-run protection and offer a cashback to your users.
Explore 10 Easy Steps to Stake on UniFarm Cohort 15 Effortlessly
The participating tokens in the pool include $NUX (17.88%), $WSB (12.46%), $TBC (7.07%), $GFX (3.68%) and $UFARM (7.39%).
https://blog.oropocket.com/unifarm/explore-10-easy-steps-to-stake-on-unifarm-cohort-15-effortlessly/
The participating tokens in the pool include $NUX (17.88%), $WSB (12.46%), $TBC (7.07%), $GFX (3.68%) and $UFARM (7.39%).
https://blog.oropocket.com/unifarm/explore-10-easy-steps-to-stake-on-unifarm-cohort-15-effortlessly/
Bi-weekly Highlights #4
⚙️ PRODUCTS AND TECHNOLOGY
Most of these two weeks we spent developing four areas: Feeno, Smart LP, Fair Launch on Binance Smart Chain and Hedge platform for high liquidity pools.
Let's start with 🎯 Feeno. During these two weeks we have done a tremendous work and our CTO Anatolii Padenko could not even stay away from sharing the first demo video. He will periodically continue covering the product promotions in this and other formats.
At the moment, we have completed the development of the API and implementing support for the EIP-1559 technology. The smart contract for Feeno is on its way, it remains only to add the support of EIP-1559.
Work on the 🎯 Smart LP is at the home stretch. Starting from the beginning of the next week, we will begin internal testing of the first working beta version. If we do not find any critical errors/bags, then in a week, our external beta users who have submitted an application on our website will be able to test the Smart LP: https://peanut.trade/smart-lp
Due to the “decentralization” feature of BSC, we have been trying for a very long time and it's hard to find a way to launch 🎯 Peanut Fair Launch on Pancake Swap. This week we managed to carry out the first successful case and shield project’s liquidity from sniping bots. There are a lot of requests for Fair Launch on the BSC blockchain and thanks to our successful launch, we are ready to continue with other projects. If you have a project that is not yet listed on Pancake Swap or Uniswap, fill out the form on the website: https://peanut.trade/sniping-bots-protection and our representative will contact you. An individual approach to each project is guaranteed.
🎯 Hedge platform for high liquidity pools continuing to work on the platform architecture. Since this is one of the most massive areas in terms of architecture, we decided to hire two more back-end developers who are actively involved in work and we are confident that this will speed up the development process.
⚙️ MARKETING
1. Staking pools for NUX token launched in partnership with UniFarm on both BSC and ETH chains: https://t.me/peanutann/107
2. Launched a campaign with DEXtools promoting Smart LP and now we have 1100+ emails in the waitlist
3. Partnered with xSigma DEX - they will be one of the first to integrate Feeno into their DEX to enable ETH-free transactions for their users: https://t.me/peanutann/106
4. Got 4 new video reviews by YouTube influencers:
📹 https://youtu.be/r-zrCJC0WZs
📹 https://www.youtube.com/watch?v=WPR78cQoiQA
📹 https://www.youtube.com/watch?v=44iqT-noqXM&feature=youtu.be
📹 https://youtu.be/Rg7oIZL_Bz4
⚙️ PRODUCTS AND TECHNOLOGY
Most of these two weeks we spent developing four areas: Feeno, Smart LP, Fair Launch on Binance Smart Chain and Hedge platform for high liquidity pools.
Let's start with 🎯 Feeno. During these two weeks we have done a tremendous work and our CTO Anatolii Padenko could not even stay away from sharing the first demo video. He will periodically continue covering the product promotions in this and other formats.
At the moment, we have completed the development of the API and implementing support for the EIP-1559 technology. The smart contract for Feeno is on its way, it remains only to add the support of EIP-1559.
Work on the 🎯 Smart LP is at the home stretch. Starting from the beginning of the next week, we will begin internal testing of the first working beta version. If we do not find any critical errors/bags, then in a week, our external beta users who have submitted an application on our website will be able to test the Smart LP: https://peanut.trade/smart-lp
Due to the “decentralization” feature of BSC, we have been trying for a very long time and it's hard to find a way to launch 🎯 Peanut Fair Launch on Pancake Swap. This week we managed to carry out the first successful case and shield project’s liquidity from sniping bots. There are a lot of requests for Fair Launch on the BSC blockchain and thanks to our successful launch, we are ready to continue with other projects. If you have a project that is not yet listed on Pancake Swap or Uniswap, fill out the form on the website: https://peanut.trade/sniping-bots-protection and our representative will contact you. An individual approach to each project is guaranteed.
🎯 Hedge platform for high liquidity pools continuing to work on the platform architecture. Since this is one of the most massive areas in terms of architecture, we decided to hire two more back-end developers who are actively involved in work and we are confident that this will speed up the development process.
⚙️ MARKETING
1. Staking pools for NUX token launched in partnership with UniFarm on both BSC and ETH chains: https://t.me/peanutann/107
2. Launched a campaign with DEXtools promoting Smart LP and now we have 1100+ emails in the waitlist
3. Partnered with xSigma DEX - they will be one of the first to integrate Feeno into their DEX to enable ETH-free transactions for their users: https://t.me/peanutann/106
4. Got 4 new video reviews by YouTube influencers:
📹 https://youtu.be/r-zrCJC0WZs
📹 https://www.youtube.com/watch?v=WPR78cQoiQA
📹 https://www.youtube.com/watch?v=44iqT-noqXM&feature=youtu.be
📹 https://youtu.be/Rg7oIZL_Bz4
UNIFARM CONCLAVE 3 with @AMomot
6 Projects | 1 Conversations | $1200 Airdrop
📆 July 07 2021/ 9:30 AM UTC
Check the details: https://blog.oropocket.com/unifarm/announcing-unifarm-conclave-3-adoption-and-the-future-of-blockchains/
6 Projects | 1 Conversations | $1200 Airdrop
📆 July 07 2021/ 9:30 AM UTC
Check the details: https://blog.oropocket.com/unifarm/announcing-unifarm-conclave-3-adoption-and-the-future-of-blockchains/
🎙 SOMMELIER LP AMA WITH PEANUT 🎙
SOMMELIER will have Alex Momot @AMomot from Peanut @peanuttrade join host Zaki @zkmanian to show how LP's on Uniswap, Curve and other AMM's can reduce their risk of impermanent loss, MEV & front-running
📅 Date: July 14, 2PM UTC
🌐 AMA location: https://twitter.com/sommfinance
⏳ Countdown: https://somm.fi/peanut-ama
💬 Ask Us Anything: Do you have a Question for Alex or Zaki? Post it on @getsomm or during the Twitter Live Stream
🗣 Spread the Word: https://twitter.com/sommfinance/status/1414517261986115584?s=20
SOMMELIER will have Alex Momot @AMomot from Peanut @peanuttrade join host Zaki @zkmanian to show how LP's on Uniswap, Curve and other AMM's can reduce their risk of impermanent loss, MEV & front-running
📅 Date: July 14, 2PM UTC
🌐 AMA location: https://twitter.com/sommfinance
⏳ Countdown: https://somm.fi/peanut-ama
💬 Ask Us Anything: Do you have a Question for Alex or Zaki? Post it on @getsomm or during the Twitter Live Stream
🗣 Spread the Word: https://twitter.com/sommfinance/status/1414517261986115584?s=20
Bi-Weekly #5
Update: 2021-07-16
We continue to make steady progress towards our products launch.
June’s buyback was started on July, 10 and finished on July, 12. $NUX tokens were sent to the storage address in the amount of 53 515 $NUX: 0x3EcC39e1E4F645FC77af0f2c83FfF1F9E9CaF4BE The average buyback price was ± $0,6 per $NUX.
Feeno
At the beginning of the following week we finish Feeno smart contract development. Next week we start implementing the API with EIP support. Approximate public release: after the Ethereum’s London Hard Fork.
SmartLP
We’ve tested smart LP during this week and have some details to share with you. For the first run of Smart LP contract we’ve got an incredible 500% APY (IL included, so it's not "clear" figure) but at the same time we found out the critical bug. Bug fixing has already started and according to the estimates it can take 1 - 2 weeks + at least one week for internal tests. Approximate public release: Mid August.
Tokenomics
We continue working on tokenomics and at the moment have an approved conceptual vision from @CyberStrategy1 and @TMCTG as a basis. We’re on the stage of calculations and system improvements for every our product. Learn more about the conceptual tokenomics: https://cyberstrategy1.medium.com/21dfeea5b874
Conclusion
We definitely should wait for Ethereum’s London hard fork, otherwise we will spent resources in not very efficient way for same operations.
As an example, our smart contracts depends on each other and when anything changes on basic (protocol) level it could cause changes in waterfall of other contracts. Since we have this possibility together with redeploy of new contract and some changes in it there is no logic in launching contract publicly right now.
Update: 2021-07-16
We continue to make steady progress towards our products launch.
June’s buyback was started on July, 10 and finished on July, 12. $NUX tokens were sent to the storage address in the amount of 53 515 $NUX: 0x3EcC39e1E4F645FC77af0f2c83FfF1F9E9CaF4BE The average buyback price was ± $0,6 per $NUX.
Feeno
At the beginning of the following week we finish Feeno smart contract development. Next week we start implementing the API with EIP support. Approximate public release: after the Ethereum’s London Hard Fork.
SmartLP
We’ve tested smart LP during this week and have some details to share with you. For the first run of Smart LP contract we’ve got an incredible 500% APY (IL included, so it's not "clear" figure) but at the same time we found out the critical bug. Bug fixing has already started and according to the estimates it can take 1 - 2 weeks + at least one week for internal tests. Approximate public release: Mid August.
Tokenomics
We continue working on tokenomics and at the moment have an approved conceptual vision from @CyberStrategy1 and @TMCTG as a basis. We’re on the stage of calculations and system improvements for every our product. Learn more about the conceptual tokenomics: https://cyberstrategy1.medium.com/21dfeea5b874
Conclusion
We definitely should wait for Ethereum’s London hard fork, otherwise we will spent resources in not very efficient way for same operations.
As an example, our smart contracts depends on each other and when anything changes on basic (protocol) level it could cause changes in waterfall of other contracts. Since we have this possibility together with redeploy of new contract and some changes in it there is no logic in launching contract publicly right now.