Biweekly Report [1H June 2022]
( Disclaimer: The contents are subject to change without prior notice, and under no circumstances can it be used as evidence of legal responsibility for investment results. The information provided here does not constitute investment advice. If you have any questions, please contact the Stackswap team. )
Hello, StackSwap Community.
In June, the first stackswap team launched a new type of farming reward platform that pursues complete permissionless focusing on the development of Group Farming.
Group Farming can be implemented in three types: Single Token Farming, LP Token Farming, and NFT Farming, and the first NFT Farming can be used with StackSwap Gold and Silver Passes. (*Other NFTs will be supported in the future)
We participated in the Twitter space hosted by Stacks to share various opinions on Cross-chain Derivatives Trading.
> Stackswap Dashboard (at block number 64,631)
> Stacks Accelerator Verified Tokens: 9
- Stackswap (STSW)
- Stacks (STX)
- Arkadiko Token (DIKO)
- Arkadiko Stablecoin (USDA)
- Miamicoin (MIA) v1
- Miamicoin (MIA) v2
- NewYorkCity Coin (NYC) v1
- NewYorkCity Coin (NYC) v2
- Lucid Bitcoin (lBTC)
> Launch a New Group Farming
In group farming, each project automatically builds a pool without separate censorship, and in a form that can farm various tokens as a reward, multi-farming implementation is available up to 4 tokens either through cooperation with each other or purchase of tokens regardless of the Stackswap team.
Project teams or individuals using the platform can conduct airdrop and farming events without additional development and operation resources, and the accessibility of Meme Coins has been increased so that the event can be easily built.
Users who receive rewards have the advantage of being able to receive multiple types of tokens as a reward at the same time when participating in framing of a new project.
- Group Farming component
Case 1. Single Token Farming
Token used : Single Token(PJ Token)
Farm method : Rewards are compensated when Single Token is Staked (similar to the general Staked model)
Case 2. LP(STSW-PJ) Token Farming
Token used : LP Token(STSW-PJ Token)
Farm method : Rewards are compensated when LP toekns are put into the farming pool (similar to the general LP Farming model)
Case 3. NFT(Gold, Silver Pass) Farming
- Token used : Goldpass NFT, Silverpass NFT
- Farm method : Participation in Goldpass NFT Staking
- Participate by burning Silverpass NFT
> Cross-chain Derivatives Trading (Twitter Space)
We discussed Cross-chain Derivatives Trading with key members of Stacks and InjectiveLabs. As a result, we once again confirmed the importance of cross-chain, and we were able to exchange opinions on orderbook-type exchanges and minimum specifications for implementing Derivatives Trading.
In the future, the StackSwap team plans to conduct various case studies and tests for Derivatives Trading using cross-chain on the Stacks Chain.
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