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        <title>wDOGE DAO</title>
        <link>https://paragraph.com/@doge-dao</link>
        <description>To introduce wrapped $doge into major EVM-compliant ecosystems, among whom Ethereum Classic being the first.</description>
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            <title><![CDATA[wDOGE DAO to realize Wrapped Dogecoin as the second WBTC]]></title>
            <link>https://paragraph.com/@doge-dao/wdoge-dao-to-realize-wrapped-dogecoin-as-the-second-wbtc</link>
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            <pubDate>Fri, 18 Mar 2022 14:09:28 GMT</pubDate>
            <description><![CDATA[With TVL up to $11.1 billion, Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. Completely transparent. 100% verifiable. Community led. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers. WBTC brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs), and makes it possible to use Bitcoin for token trades. --------------------...]]></description>
            <content:encoded><![CDATA[<p>With TVL up to $11.1 billion, Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. Completely transparent. 100% verifiable. Community led.</p><p>WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers.</p><p>WBTC brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs), and makes it possible to use Bitcoin for token trades. </p><p>-----------------------------------------------------------------------------------------</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/elonmusk">Elon Musk</a> said he&apos;d HODL and not sell any dogecoin. He was doing the wrong way towards $doge. Dogecoin is the most decentralized, POW-based, peer-to-peer digital currency. (on the contrary, Reddit is a <strong>centralized</strong> forum thus it has no future. Haha) It was born to be used for everyday life (like paying at <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/McDonalds">McDonald&apos;s</a>), or for tipping the good services. However, using $doge needs both parties to have doge wallet. 7 years passed, yet how many people/businesses actually used $doge in real life? They can only trade dogecoin at CEXs, or HODL just like <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/elonmusk">Elon Musk</a> does. However, with wrapped dogecoin, it would be much easier to pay or tip $wDOGE with mobile wallets such as Argent or MetaMask. Also, why don&apos;t we start trading wrapped $doge at various DEXs on various smart chains? Or even make money by providing liquidity of wrapped $doge at DEXs.</p><p>We saw <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/renprotocol">Ren Protocol</a> has done some marvellous work by wrapping $doge and introducing it to Ethereum MainNet. However, so far the market cap of $renDOGE is only $1 million, and not so many trades are made each day. Considering the level of gas fees and the fast development of many EVM-compliant ecosystems, we believe it&apos;d be best if $wDOGE can be introduced into Ethereum Classic(which is also POW-based) first, and L1s or Layer2 EVMs will follow.</p><p>Thus we established the wDOGE DAO at Aragon. The wDOGE DAO aims to export wrapped dogecoin into all major EVM-compliant ECOsystems. We believe that $doge, as world&apos;s 1st MEME coin, will find wider acceptance and more applications through our efforts. The DAO&apos;s official Twitter is <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/DaoWdoge">@DaoWdoge</a>, and auxiliary account is <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/wDOGE_DAO">@wDoge_Dao</a>. The discord channel is at</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://t.co/trMhXS0b10">https://t.co/trMhXS0b10</a></p><p>(invitation link). <strong>$WDG</strong> is our DAO&apos;s native ERC20 token, the token&apos;s contract address is <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://etherscan.io/token/0xccf24a2bb5b6fb09eb458406bf6e638016d2cb59">0xccf24a2bb5b6fb09eb458406bf6e638016d2cb59</a>.</p><p>We, the wDOGE DAO, aim to raise 1,000 $ETH s to achieve our goal: export $doge token value, and capture value of wrapped $doge value at the EVM end. Make donations in $ETH to doge-dao.eth or DAO&apos;s wallet address at wdoge.aragonid.eth, you&apos;ll become a member of wDOGE DAO. Each 1.1 ETH you donate will get you 100,000 $WDG DAO tokens. The calculation formula is $WDG = $ETH * 10 / 11 * 100000, as the 1/11 ETH you donate will be used as gas fees on Ethereum MainNet.</p><p>Feel free to contact us at <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="mailto:wdoge.dao@gmail.com">wdoge.dao@gmail.com</a> , or provide feedback/advice at Twitter/Discord. Hope we can do this together!</p>]]></content:encoded>
            <author>doge-dao@newsletter.paragraph.com (wDOGE DAO)</author>
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