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MUSE DAODistribution of Muse staking reward
A few weeks ago we announced the start of single $MUSE staking to earn $MUSE bought back using the NFT20 protocol fees. We decided to migrate to a new staking contract that offers more flexibility and safety based on the xSushi smart contract:The new contract issues Staked Muse (sMUSE), an ERC20 that offers a new range of use cases for the $Muse ecosystem.The first contract had an arithmetic error spotted by Bailey T that could have locked forever some $Muse on the contract in the long term a...
MUSE DAO2 years anniversary community update
It’s been 2 years since the launch of the Very Nifty game that lead to the creation of the Muse DAO: An NFT venture builder owned by the community. In this article, we’ll take the time to write about some of our past releases and see where we are going. For the lookback, our past releases fit in the NFT universe and will be listed in several categories: Trading, Gaming, Tools, and experiments.NFT TradingNFT20 is our flagship product. The first NFT exchange that enabled trading tokenized floor...
MUSE DAONFT20 & MUSE Community Update
The Tao of Pooh the BearIt’s been a while since the last community update, in part because we’ve been growing and working on so many things that we didn’t have time to write one, but time is due.CommunityAfter 9 months of daily product iteration and investing time in the community, we are really happy with the state of things and enjoy more than ever the every day of coming to discord and discussing ideas, laughing with, and getting mad at anon pepes, a dream come true.We also see a consisten...
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MUSE DAODistribution of Muse staking reward
A few weeks ago we announced the start of single $MUSE staking to earn $MUSE bought back using the NFT20 protocol fees. We decided to migrate to a new staking contract that offers more flexibility and safety based on the xSushi smart contract:The new contract issues Staked Muse (sMUSE), an ERC20 that offers a new range of use cases for the $Muse ecosystem.The first contract had an arithmetic error spotted by Bailey T that could have locked forever some $Muse on the contract in the long term a...
MUSE DAO2 years anniversary community update
It’s been 2 years since the launch of the Very Nifty game that lead to the creation of the Muse DAO: An NFT venture builder owned by the community. In this article, we’ll take the time to write about some of our past releases and see where we are going. For the lookback, our past releases fit in the NFT universe and will be listed in several categories: Trading, Gaming, Tools, and experiments.NFT TradingNFT20 is our flagship product. The first NFT exchange that enabled trading tokenized floor...
MUSE DAONFT20 & MUSE Community Update
The Tao of Pooh the BearIt’s been a while since the last community update, in part because we’ve been growing and working on so many things that we didn’t have time to write one, but time is due.CommunityAfter 9 months of daily product iteration and investing time in the community, we are really happy with the state of things and enjoy more than ever the every day of coming to discord and discussing ideas, laughing with, and getting mad at anon pepes, a dream come true.We also see a consisten...
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Bored Ape Yacht Club collecors deposit their NFTs and get $BAYC20(the ERC20 derivative of BAYC NFTs), they can use those tokens to provide liquidity on the BAYC/ETH Uniswap pool and earn $Muse or just speculate on the floor price of the collection
NFT20 is a permissionless NFT DEX with the mission of bringing liquidity to NFT projects and finding the right price for users, collectors and funds for investing into NFTs.
Once liquidity is added to Uniswap it allows collectors to buy and sell those NFTs with Eth in once click thanks to our novel protocol!
Advanced users can deposit any BAYC NFTs into the pool and get 95 BAYC20 back (an ERC20 token), you can use BAYC20 to add liquidity on Uniswap and trade BAYC20-ETH.
You can deposit 100 BAYC20 back into the pool at any time and choose which NFT to redeem from the pool. The 100 BAYC20 you deposit gets burned. The BAYC20 tokens can be used for LP farming as described later
Normal collectors can just use the easy UI to sell or buy NFTs with ETH in one click on the home page.
It is advised to lock common NFTs into the general pool as you’ll get the same 95 BAYC20 tokens for all NFTs, no distinction.
If you have a rare NFT, you can create a dutch auction within the asset page and set your own price in BAYC20.
To get back an NFT from the pool you can deposit 100 BAYC20 at any time and get any of the BAYC available in the NFT20 pool.
You can also buy BAYC NFTs directly with Ether in one click from the pool:
Once you deposited a BAYC NFT in the pool, you can add liquidity to the BAYC20/ETH pair on Uniswap and stake your LP token in our farm to get $Muse.
You can swap your BAYC for any of the BAYC on the pool at any time by paying only for the gas here’s a video on how to do it
Based on our past pools, there is a lot of arbitrage that can be done. The goal of the NFT20 pools is to create a price floor for common NFTs and make them liquid on Uniswap.
Think creatively and you might find some nice arbitrage opportunities.
When you tokenize an NFT the pool contract mints 100 tokens, 95 go to you and 5 go to our factory to be distributed to $MUSE holders.
There are no fees for swapping, or getting back a BAYC NFT from the pool.
Disclaimer: NFT20 is a permission-less protocol for creating liquidity to NFTs, we are not related in anyway with the BAYC team, our community members created the pool as a Chubbies fan.
Bored Ape Yacht Club collecors deposit their NFTs and get $BAYC20(the ERC20 derivative of BAYC NFTs), they can use those tokens to provide liquidity on the BAYC/ETH Uniswap pool and earn $Muse or just speculate on the floor price of the collection
NFT20 is a permissionless NFT DEX with the mission of bringing liquidity to NFT projects and finding the right price for users, collectors and funds for investing into NFTs.
Once liquidity is added to Uniswap it allows collectors to buy and sell those NFTs with Eth in once click thanks to our novel protocol!
Advanced users can deposit any BAYC NFTs into the pool and get 95 BAYC20 back (an ERC20 token), you can use BAYC20 to add liquidity on Uniswap and trade BAYC20-ETH.
You can deposit 100 BAYC20 back into the pool at any time and choose which NFT to redeem from the pool. The 100 BAYC20 you deposit gets burned. The BAYC20 tokens can be used for LP farming as described later
Normal collectors can just use the easy UI to sell or buy NFTs with ETH in one click on the home page.
It is advised to lock common NFTs into the general pool as you’ll get the same 95 BAYC20 tokens for all NFTs, no distinction.
If you have a rare NFT, you can create a dutch auction within the asset page and set your own price in BAYC20.
To get back an NFT from the pool you can deposit 100 BAYC20 at any time and get any of the BAYC available in the NFT20 pool.
You can also buy BAYC NFTs directly with Ether in one click from the pool:
Once you deposited a BAYC NFT in the pool, you can add liquidity to the BAYC20/ETH pair on Uniswap and stake your LP token in our farm to get $Muse.
You can swap your BAYC for any of the BAYC on the pool at any time by paying only for the gas here’s a video on how to do it
Based on our past pools, there is a lot of arbitrage that can be done. The goal of the NFT20 pools is to create a price floor for common NFTs and make them liquid on Uniswap.
Think creatively and you might find some nice arbitrage opportunities.
When you tokenize an NFT the pool contract mints 100 tokens, 95 go to you and 5 go to our factory to be distributed to $MUSE holders.
There are no fees for swapping, or getting back a BAYC NFT from the pool.
Disclaimer: NFT20 is a permission-less protocol for creating liquidity to NFTs, we are not related in anyway with the BAYC team, our community members created the pool as a Chubbies fan.
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