Week #66 Notice of Mushrooms
You might feel it is unbelievable to say fairwell so soon to January of 2022. Market situation seems to stablize a bit this week after the bleeding slump but no one could predict the future easily. There are still huge risk in DeFi during these early days like smart contract bug or centralized vulnerability.
Keep safe and earn wise. ☔
💭 MM Token Distribution of Week #66
- Farming Pools (70%) distribution of week#66 is illustrated as following (emission cut is 4.29% from week#65)
from block#14133272 to block#14179098 on Ethereum,
from block#14904851 to block#15106451 on BSC,
from block #29545653 to block#30217653 on Fantom,
from block #24409870 to block#24689870 on Polygon.
(Please note Fantom & Polygon average block time may change significantly so the weekly block interval may vary).
- DevFund (25%) vesting same as farming pools to incentivize and support the hard-working team of Mushrooms Finance, same ratio as before. Part of this allocation also helps to cover the cost for system maintenance like incentives to keep3r or Chainlink upkeep networks and provide base liquidity across markets.
- Treasury (5%) vesting same as farming pools for operations like code audit, community grants/bug-bounty program/moderator, marketing/campaign, liquidity provisioning, partnership, etc, same ratio as before.
🌉 Please note that since we use multichain.xyz to support cross-chain transfer of $MM tokens, we allocate the mining share of this week for BSC/Fantom/Polygon farming pools from team wallet via various cross-chain bridges to mining smart contract on BSC/Fantom/Polygon.
☄️ For cross-chain transfer between Polygon(Matic) & Ethereum, please use official Polygon PoS bridge and enjoy the “PlayToEarn” on ComethSwap farming and tube! Find more in our release blog.
💻 Security/Development/Integration
🧱 Multiple strategies across chains updates complete this week:
- wETH strategy on Ethereum migrated to mint DAI from MakerDAO and invest DAI in Curve/Convex pool (currently with UST wormhole)
- wBTC strategy on Ethereum migrated to mint DAI from MakerDAO and invest DAI in Curve/Convex pool (currently with UST wormhole)
- as usual, above both CDPs in MakerDAO are monitored by home-grown bots and external keepers to safeguard against market volatility
- SPIRIT strategy on Fantom migrated to new boosted pool in Tarot to earn higher lending profit
📈 As part of continuous efforts to build user-friendly product for Mushrooms community, we are preparing some off-chain data for UI to display more details for each earning vault/strategy. Stay tuned for exciting Feburary updates.
🎉Community/Ecosystem
🌌 LP Migration (two simple steps) required on ComethSwap joint-farming on Polygon for Mushrooms pairs. Seize the amazing APR as it stands.
🌉 H/T to multichain team to support direct cross-chain transfer for MM tokens across all deployed chains including Ethereum/Polygon/BSC/Fantom with elegant UI to use.
🙌 We have applied collaboration with dForce to allow Mushrooms earning vault to mint $USX on Ethereum & BSC. 💌 Please vote for Mushrooms!
🐒 Call for community to thumb-up for Mushrooms support in Ape Board and request forms to integrate Mushrooms Vaults/Farming are well submitted and received.
🧮 Numbers on Mushrooms
📋 Interested community members could find our summary on daily buyback of $MM in our DuneAnalytics dashboard and we have a discord bot channel dedicated to earning strategy `harvest()`.
🍄Buyback 618 $MM in the past week (on Ethereum)
🎯 There are also other stats in our Dune Analytic dashboard for Ethereum/ Polygon/BSC like total revenues earned and total users so far in Mushrooms Finance in the dashboard (please note there might be some delay for different chains to sync-up):
💬 Join Mushrooms Forest
- Discord https://discord.gg/azeHDXA4BF
- Twitter https://twitter.com/MushroomsFinan1
- Medium https://blog.mushrooms.finance/
- Email contact@mushrooms.finance
- Website https://mushrooms.finance
- Github https://github.com/mushroomsforest/
- Telegram https://t.me/mushroomsfinance
