Cover photo

Yuyu Social

Good morning.

Yuyu aims to create a comfortable social environment for visual media to be shared and traded on-chain.

Protocol specification

Posts

  • Users can create and retain ownership of multiple posts.

  • Owners have the ability to edit the URI, enabling future opt-in IPFS hosting.

  • Posts are exchanged on a fixed bonding curve

Rewards

  • 8 billion governance tokens will be distributed to users over a 6-year period.

  • Rewards accumulate on a per-second basis, calculated based on user trade volume.

  • Rate reductions occur every 52 weeks; users must claim rewards near this date to prevent loss.

Token

  • 8 billion tokens are allocated for user rewards.

  • 2 billion tokens are allocated for team members, with a 3-month cliff and 6-year linear vesting.

  • Tokens will be used to govern the protocol, set royalty fees, and designate the protocol fee receiver address.

  • All governance actions, including voting and execution, are conducted on-chain.

  • Governance will be enabled once tokens begin vesting to team

Warning: Smart contracts associated with Yuyu are currently unaudited. Use them at your own risk.

Token Usage: Tokens are not intended as investment instruments but are crucial for the decentralized functionality of Yuyu Protocol.

Addresses

  • Token: 0x9A6B9c6a80339be432849B08bd843F854b64ca24

  • Vesting: 0x08c1A82Dee1e98bB9E31a6C0D64F91B8C8f59feb

  • Market: 0x6ac16c2348F0d17Fe4d4491e90CC108e3c726F59

  • Owner: 0x54DA907e163321905EDc0ca48818F4463cbf166A