88mph is sponsoring the Open DeFi Hackathon, hosted by Gitcoin and sponsored by dozens of leading DeFi projects.In gratitude to all our holders, who support us in the project development process, from the GreenAir team, and at the request of our holders, we have decided to launch our first staking program.
For those unfamiliar with the term “staking”, Crypto staking is similar to depositing money in a bank, in that an investor locks up their assets, and in exchange, earns rewards, or “interest.” In this case, GREEN owners will be able to obtain benefits for depositing these tokens in the staking program.
Duration and availability:
The duration of this first program will be one year, it will be available to all holders, this program will begin from Friday, January 14 at 17:00 GMT, at which time $GREEN tokens may be included in the program, and they will begin to generate the indicated profitability.
Purpose:
The purpose of this program is to reward our holders, in addition to achieving greater price stability, and therefore greater security for our investors.
Technical Details:
This program will be accessible through our website, and it will be developed on In a new parallel contract developed by us, providing greater security to our investors, by not depending on any external platform.
Buy $GREEN now to staking.
The Hackathon will end on May 23, 2021.
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We are inviting our community of builders to register in order to participate:
2 bounties are sponsored by 88mph and 1 is co-sponsored by @bprotocoleth.
Feel free to discuss the bounties with other developers, or ask questions to the team directly on our Discord.
Our main man Z has been hard at work for the upcoming 88mph v3 release. To be implemented into the 88mph floating-rate bonds, which are minted on a per-deposit basis (so not fungible between IDs) but is fungible for a particular deposit, Zefram has found a method to make the ERC-1155 NFTs into a tradable and poolable ERC-20 token.
Read his thread below:
This is just one of the many new implementations coming to 88mph v3 that will improve both user and developer experiences.
On Thursday 1pm EST, McFly and Zefram, along with other community team members, will be taking a call on the 88mph Discord to discuss the upcoming progress on v3, partnerships, and to take the community’s questions.
Also featuring is Mark from the Bancor community, who was pivotal in helping us to get the great coinvestment deal at Bancor Network.
A recurring call like this is a great way for the team to communicate with the community about what work is being done behind the scenes.
Be sure to drop by!
The MPH/BNT pools on Bancor continue to grow and continue to churn out high APY% rewards for those involved.
Last week liquidity was up to $12.4m!
See below for more information:
Take advantage of the offerings over on Bancor by following this link: https://app.bancor.network/eth/portfolio/stake/add/single/0xAbf26410b1cfF45641aF087eE939E52e328ceE46
Remember, you can provide single-sided liquidity and also benefit from Impermanent Loss Protection by using Bancor’s service.
An important step that many investors look for before fully heading into a token, the Peckshield Audit of 88mph has begun, ahead of the official release to ensure the security of the new updates.
View our v2 audit by the same team here:
The Chinese community has been growing thanks to your Chinese mod team, and the recently updated docs detailing 88mph in all its current and v3 glory have been diligently translated into Mandarin.
Check them out below, and forward them on to your Chinese friends!
docs.cn.88mph.app
Weekly $MPH staking rewards: 12,571 $DAIStaking APY: 7.29%Historical MPH staking rewards distributed: 222,344 DAI
Cash dividends are generated by the fees on the fixed-rate interests paid out + $COMP and $FARM harvested.
Stake your MPH tokens here: https://88mph.app/rewards
✨ Time-proportional & partial FIRB withdrawalIn 88mph v3, there is no fund lockup at all. Instead of the end of the lockup period, a FIRB’s maturation time now denotes the end date of the fixed-rate interest terms that it enjoys.
✨ Top up & roll over FIRB88mph v3 allows users to add funds to an existing FIRB.
✨ Transferrable vesting88mph v3 makes vested MPH rewards transferrable NFTs, which makes accounting easier for contracts that integrate with 88mph. Redeeming vested MPH rewards is also now permissioned, meaning only the owner and the operator of the NFT are allowed to redeem for themselves.
✨ Fungible FRBIt is now possible to represent them in fungible ERC-20/ERC-1155 tokens instead of the current ERC-721 NFTs, which makes floating-rate bonds much easier to trade.
✨ Perpetual yield futures88mph perpetual yield futures will be the first perpetual yield-derivative product on Ethereum, making it magnitudes easier to speculate on the yield of protocols like Compound, Aave, Harvest, and Yearn.
✨ Proxy upgrade patternThe usage of the proxy pattern allows the team to make upgrades much more easily, as well as allow for bug fixes.
✨ Early withdrawal & vesting FIRB88mph v3 will use a new vesting contract where vested MPH is tightly-coupled with FIRB. This means that when a user wants to withdraw a FIRB before maturation, instead of asking the user to pay back the entirety of the MPH reward given to the FIRB, the pool will simply stop the remaining vesting stream.
✨ NFT’s metadata updateCurrently, only the governance treasury multisig has the authorization to attach metadata to the FIRB NFTs. 88mph v3 will allow the owner of a FIRB NFT to update the NFT’s metadata.
✨ Single-tx zapsThe introduction of transferrable vesting in 88mph v3 makes it possible to zap into a pool using at least 1 transaction and at most 2 transactions.
In keeping with the commitment to a community-driven approach, the v3 specs aren’t cast in stone. They represent the core team’s vision and we share it to gather your feedback and insights. We hope that this approach will be the preliminary step to ensure long terms organic growth in an antifragile way for 88mph.
Apply here: https://88mph.app/funding.
Additional details about the grants: https://medium.com/88mphapp/88mph-ecosystem-community-grant-round-1-8a2eff9c0855
Join 88mph on Twitter, Telegram, Discord, or GitHub.