88mph Weekly Update — 2/14/2021
Find out what happened last week on 88mph ecosystem.
Headline News
🍣 88mph x Sushiswap AMA
McFly was invited to the Sushiswap Discord server for an AMA with the Sushi Squad, regarding the upcoming integration with Onsen. The AMA was broadcast on 88mph.app/fm, and the full video recording of the AMA is available here: https://www.youtube.com/watch?v=-uJBor2l7K0
McFly — “The way currently that 88mph is using Sushiswap is through the Onsen pool where we have some nice SUSHI rewards for the MPH/ETH liquidity providers. We are eager to launch some joint mining programs with MPH rewards on top.” 👀
🐰 PlexusMoney saves user’s gas.
Plexus showed us how to save gas by swapping ETH to MPH and adding liquidity for MPH/ETH in one transaction. https://twitter.com/PlexusMoney/status/1358577488591470599?s=19
🧧 Spring Festival celebrations
To celebrate the 1st day of the 1st month of the lunar calendar, 88mph announced an airdrop for Chinese users that have interacted with the fixed-rate deposits and floating rate bonds. Members of the growing 88mph WeChat group can qualify for the raffle giveaway of $MPH Red Packets, and a “cyber-cute” dancing DragoLorean as an exclusive NFT, from the resident artist ManWithNoName.
https://twitter.com/88mphapp/status/1360235681621147648
🎉 Longhash Ventures joins the party
Longhash Ventures, a global blockchain accelerator and investor, announced that they are working closely with the 88mph team, quoting the innovative tech and dynamic team!
https://twitter.com/longhashhatch/status/1360416703197237253
🏧 Fixed Rate Bond maximum deposit increase.
New fixed rate bond’s max deposit amount per tx increased to $500,000 (the previous limit was ~$100k).
https://etherscan.io/tx/0x53d973328ebf211ddee9eebbf79d0fdbc895546afb98987061752d8becc98eba
💹 LoanScan for past performance data
When deciding whether to purchase a floating rate bond or not, using LoanScan can offer some data on a lending protocol’s previous performance. Use as a guideline, not as investment advice. DYOR! https://loanscan.io/earn/historical?interval=1y
💎 Defiprime listing
88mph is now listed for viewing on Defiprime for your viewing and analytic pleasure: defiprime.com/product/88mph.
🆕 Weekly staking rewards increase!
Weekly $MPH staking rewards are now 18,117DAI. Pro Tip: withdraw the DAI rewards, reinvest into the front page to earn more DAI + MPH!
https://twitter.com/88mphapp/status/1360355714036883460
🉐 $MPH Staking rewards
TVL: 70,082 MPH
Current distribution period: 2/13/2021–2/20/2021
Current period reward: 18,117 DAI
Estimated annual ROI: 8.1%
⛏💦 Liquidity Mining Round 7 announced.
2,203 $MPH rewarded (157/d), lasting 14 days. These MPH come directly from the governance treasury, no additionally minted tokens. Stake your LP tokens on https://88mph.app/farming/
🈴 Continuation of the community Grant application system.
88mph will start utilizing the governance treasury for ecosystem, governance and community grants. Those three types of grants have the common goal of encouraging and developing the 88mph ecosystem and empowering the community. More details: https://medium.com/88mphapp/88mph-ecosystem-community-grant-round-1-8a2eff9c0855
