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Degen Yeti Ski ClubDegen Yeti Ski Clubby0xf7084fA5D6FCc37c883d5d19832Af4afcA5730b3youngwhale.eth

Mint 10 Oracle Swap NFTs and participate in the $ORACLE airdrop

Voting ended almost 4 years agoSucceeded

OracleSwap is a DEX that is launching on the Songbird Network. https://www.oracleswap.io/

They are distributing their exchange token $ORACLE to people who mint Oracle NFTs, which can be staked on their platform in the future to earn a portion of trading fees.

$ORACLE has 1 billion supply and will be a token similar to $JOE, with gamified yield incentives for providing LP.

Trading on Songbird may see a big increase in volume with the launch of S- and F-assets, which will bridge XRP, XLM, DOGE, ALGO and BTC to smart-contract-compatible networks. https://www.youtube.com/watch?v=sJlZMbB8o5Y&start=1

Currently there is only one other DEX on Songbird, FlareX, so OracleSwap has a good chance to see sizable marketshare.

In addition to ~17K $ORACLE per NFT, if we delegate 5000 SGB to Flare FTSO, we earn an additional 1000 ORACLE per NFT up to 3 weeks (30K ORACLE). If we mint 10 Oracle NFTs, we get a 22K bonus. All told, this has the chance to net us between 200,000 and 250,000 $ORACLE. If Oracle goes to 1 cent (10m market cap,) this will be worth $2K.

11110 SGB at 5 cents = $555. We can loan against our AVAX-USDC Joe LP on Yeti Finance without selling any of our assets at the bottom. As our LP is worth ~10K, the chance of liquidation is extremely low and provides a precedent to do more leverage plays. YUSD, Yeti Finance's stablecoin, has held its peg during this market downturn.

Off-Chain Vote

Mint 10 OracleSwap NFTs w/ YUSD
574.61K DYSC100%
Mint 10 OracleSwap NFT other way
0 DYSC0%
Do Not Mint
0 DYSC0%
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Timeline

May 10, 2022Proposal created
May 10, 2022Proposal vote started
May 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated