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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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We are happy to announce that our community member NFTMerchant just created the $MEME NFT20 Pool!
$MEME Users can now deposit their NFTs and get $MEME20 Tokens (the ERC20 derivative of MEME NFTs), they can use $MEME20 to trade on AMMs such as Uniswap, buy rare MEMEs, or buy commons from the NFTs available in the NFT20 pool.
If $10k liquidity is bootstrapped by the MEME Community for the MEME20-ETH on Uniswap, we will start offering $MUSE (our token) as farming rewards. $MUSE holders get distributed fees generated by the DEX.
NFT20 is a permissionless NFT DEX with the objective of bringing liquidity to NFT projects and finding the right price for users, collectors and funds for investing into NFTs.
You can deposit any MEME NFTs into the pool and get 95 $MEME20 back, you can use MEME20 to add liquidity on Uniswap and trade MEME20-ETH.
You can deposit 100 $MEME20 back into the pool at any time and choose which MEME NFT to redeem. The 100 $MEME20 you deposit gets burned.
It is advised to lock common NFTs into the general pool as you’ll get the same 95 $MEME20 tokens for all NFTs, no distinction.
If you have a legendary NFT, you can create a dutch auction within the asset page and set your own price in $MEME20.
To get back an NFT from the pool you can either swap your MEME NFT directly to another NFT available on the pool, or buy 100 $MEME20 on Uniswap and buy an NFT from the pool.
Based on our past pools, there is a lot of arbitrage that can be had once liquidity is added to $MEME20-ETH.
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 MEME NFT from the pool.
Disclaimer: NFT20 is a permission-less protocol for creating liquidity to NFTs, we are not related in anyway with the MEME team, our community member NFT Merchant created the pool as he is a MEME fan.
We are happy to announce that our community member NFTMerchant just created the $MEME NFT20 Pool!
$MEME Users can now deposit their NFTs and get $MEME20 Tokens (the ERC20 derivative of MEME NFTs), they can use $MEME20 to trade on AMMs such as Uniswap, buy rare MEMEs, or buy commons from the NFTs available in the NFT20 pool.
If $10k liquidity is bootstrapped by the MEME Community for the MEME20-ETH on Uniswap, we will start offering $MUSE (our token) as farming rewards. $MUSE holders get distributed fees generated by the DEX.
NFT20 is a permissionless NFT DEX with the objective of bringing liquidity to NFT projects and finding the right price for users, collectors and funds for investing into NFTs.
You can deposit any MEME NFTs into the pool and get 95 $MEME20 back, you can use MEME20 to add liquidity on Uniswap and trade MEME20-ETH.
You can deposit 100 $MEME20 back into the pool at any time and choose which MEME NFT to redeem. The 100 $MEME20 you deposit gets burned.
It is advised to lock common NFTs into the general pool as you’ll get the same 95 $MEME20 tokens for all NFTs, no distinction.
If you have a legendary NFT, you can create a dutch auction within the asset page and set your own price in $MEME20.
To get back an NFT from the pool you can either swap your MEME NFT directly to another NFT available on the pool, or buy 100 $MEME20 on Uniswap and buy an NFT from the pool.
Based on our past pools, there is a lot of arbitrage that can be had once liquidity is added to $MEME20-ETH.
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 MEME NFT from the pool.
Disclaimer: NFT20 is a permission-less protocol for creating liquidity to NFTs, we are not related in anyway with the MEME team, our community member NFT Merchant created the pool as he is a MEME fan.
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