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Degen'$ FarmDegen'$ Farmby0xDeFa8146a9feA4e10Cf28f472a452c5fb54386A60xDeFa…86A6

DFIP-01: $MEGADUNG ERC-20

Voting ended over 4 years agoSucceeded

Hey, frens!

We all love $DUNG, but in order to transcend and multiply that feeling, we decided to create a $MEGADUNG version of the OG $DUNG.

Problem

$DUNG was designed as a governance, in-game utility token and unstoppable financial vehicle.

There are certain technical issues in DEX operations caused by the ratio of the assets in the pool. In our case it’s ETH-DUNG with a ratio 1 : 1,000,000,000,000,000. This causes a limitation when trying to sell and adding liquidity to the pool.

Solution

We propose to deliver an additional $MEGADUNG ERC20 token which is backed by $DUNG with 1 $MEGADUNG = 1,000,000,000,000,000 $DUNG ratio. We will also deliver a TRANSMUTE smart contract which allows users to convert $DUNG into $MEGADUNG and vice versa. When a user transmutes $DUNG into $MEGADUNG, the contract burns $DUNG and mint $MEGADUNG. When a user transmutes $MEGADUNG into $DUNG, the contract burns $MEGADUNG and mint $DUNG.

To bootstrap liquidity of $MEGADUNG we are also proposing to launch an additional $MEGADUNG COMPOST with rewards for liquidity providers with an amount of 100,000 $MEGADUNG.

Token details

  • Token symbol: $MEGADUNG
  • Token name: Degen’$ farm Giga Mega Dung
  • Decimals: 18
  • Exchange rate: 1 $MEGADUNG = 1,000,000,000,000,000 $DUNG

$MEGADUNG COMPOST pool details

  • Pair: MEGADUNG-ETH
  • Duration: 90 days
  • Reward pool: 100,000 $MEGADUNG (mint per request).

🤠❤️💩

Off-Chain Vote

Yes, I support this proposal
40453.57undefined 85.2%
No, I'm against this proposal
7010.37undefined 14.8%
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Timeline

Jul 09, 2021Proposal created
Jul 09, 2021Proposal vote started
Jul 12, 2021Proposal vote ended
Oct 26, 2023Proposal updated