88mph Weekly Update — 3/8/2021
Find out what happened last week in 88mph’s ecosystem.
📆 Vesting period of MPH rewards update
Vesting period increased to 270 days for the new deposits. Current vested MPH aren’t affected. New cUNI & aDAI users will have a vesting period of 14 days & 30 days respectively until we set the vesting period to equal the deposit period. Stay tuned. Insight from our man, Zefram: https://twitter.com/boredGenius/status/1366833150689562624
🏦💦 ZCB Liquidity Mining Announced
March 14, 2021, will mark the beginning of our experimental liquidity mining program for our 4 Zero-coupon bond SLPs. On the roster is:
🦄 UNI August 2021
🦄 UNI February 2022
3️⃣ 3CRV August 2021
3️⃣ 3CRV February 2022
Rewards coming from the treasury.
Reason given to land lord:
Sir, we ain’t gonna build structured products without liquidity! 🙅🏼♂️
🧑🏻🏫 Demystifying the ZCBs
Zero-Coupon Bonds can seem a little daunting at first, but they’re actually rather simple. Crypto is a world of innovation and 88mph is at the fore. Learn up with the first part in a 3-video explainer series:
88mph in 5: why and how to mint a Zero-Coupon Bond (ZCB) https://youtu.be/fP5jkPoKCME by @JB87crypto
🍵 Listing on MXC
抹茶 — Matcha. Listed on the incredibly popular Asian exchange, giving us a real boost to Asia outreach operations. 绝了！
MPH/USDT pairing available here: https://www.mxc.com/trade/pro#MPH_USDT
🏎 Speedmeter88
A dope Twitter bot that provides all kinds of metrics on the 88mph ecosystem is available for your following pleasure: 🏎 💨💨💨
🧿 New Fixed-Rate Interest Pools
We’re super pumped to launch our $stETH and $renBTC Fixed-Interest Rate pools: FIR APY + $MPH APY
🧿 CRV:STETH: 9.88% +15.78%
🧿 CRV:RENWBTC: 0.68% +23.78%
Use the ⚡️ Zapper to deposit $ETH, $stETH, $WBTC, and $renBTC directly on http://88mph.app.
📻 88FM NFTs have all Sold Out
💎 ETH depositor NFT
Q: Earning 8.8% Fixed-Rate APY on your #ETH + 18.7% #MPH APY and then receiving a dope @_Man_WithNoName NFT?
A: Uh, yes!
Top 8 ETH depositors in the front page Fixed Interest deposits will receive it.
💰 Ξ𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐜𝐚𝐥𝐥 (𝐀𝐓𝐇) +97%!
Weekly $MPH staking rewards are now $24,462 DAI. Pro Tip: withdraw the DAI rewards, reinvest into the front page to earn more DAI + MPH!
💹 +97% compared to the last 7 days!
TVL: 102,306 MPH
Current distribution period: 3/6/2021–3/13/2021
Current period reward: 24,462 DAI
Estimated annual ROI: ~15.1%
⛏💦 Liquidity Mining Round 8 Continues.
2,203 $MPH rewarded (157/d), lasting until March 12, 2021. These MPH come directly from the governance treasury, no additionally minted tokens. Stake your LP tokens on https://88mph.app/farming/.
💨💦 NFT “Doc handling real econ sciences” airdrop
Big thanks to everyone who participated in our last liquidity mining airdrop.
45 new LPs received this NFT “Doc handling real econ sciences” created by
ManWithNoName.
Airdropped with the help of https://0xmons.xyz/#/multisender. Check it out.
💨💧 Visualdon NFT airdrop coming soon
🈴 Community Grant applications on REQ Network.
A complete revamp of the Community Grant systems has been released. By utilising Request Network, 88mph is ensuring that all grants are legitimate, transparent and on-chain. The new system is integrated into the website here: https://88mph.app/funding. Additional details about the grants here: https://medium.com/88mphapp/88mph-ecosystem-community-grant-round-1-8a2eff9c0855
