Hey everyone ☀️
Can you feel that green acid 🟢 running through your veins?
It’s the FRAKT Alpha kick.
LFG!
(Previous weekly update is available here)
General news
A lot is happening right now ahead of BANX mint 🔥
Below is a short TL;DR:
BANX Presales
Presales can be purchased at frakt.gib.tools by having the Discord role required to purchase
- Holder guaranteed presale (verified Discord holder, purchase by 4/20)
- Presales allocated to other projects/DAOs (limited, purchase by 4/28)
Reasons to purchase your Banx presale
TL;DR in our doc: Why mint BANX?
🔥 Revenue share backlog: 10,000 SOL
🔥 Revenue share from future royalties, product fees, & protocol owned liquidity yield
🔥 Chance at 25 1/1s
🔥 Chance at rare, high utility points valued currently at 100+ SOL
🔥 Every single trait is rare
🔥 5K SOL AMM offer liquidity post-mint
BANX WLs distributed to participants of the Fraktlisting Leaderboard Competiton
Get referred by a holder or project/DAO and climb the leaderboard with your lending/borrowing activity to potentially win multiple Banx whitelists and blue chip NFTs!
- Apply to the Fraktlisting leaderboard competition and/or find your referral codes on fraktlisting.frakt.xyz
- Check the Leaderboard rankings and prizes on leaderboard.frakt.xyz
- Find all details on Presales & WLs in our documentation
- Find our recap Twitter thread below:
We are currently seeing a huge appetite for BANX presale from Partners & DAOs — so much that it exceeds the total allocation 🔥
So we’ve decided to go with several waves: each community will be offered a fraction of their presale ask, and will only access the next fraction when the first is sold out, on a FCFS basis. This is the best way to reward our highest conviction supporters.
Automated Lending Strategies released in BETA
- Strategies are automated bots that move Bonds offers and manage them in an automated manner 🤖
- For beta we created just one Strategy that is available to depositors. After some time we will enable approved users to create their own Strategies and make them available for interested investors 🤑
- Note that Strategies are riskier than our aggregated and isolated lending pools ⚠️ If you feel like aping, here’s a detailed breakdown of our our first strategy’s structure
- More details in our documentation 📚
App activity accelerating fast
Minting 4,445 extra Banx with SOL (with 0 dilution to existing holders) will strongly benefit the FRAKT protocol & community by boosting:
📈 Acquisition of new protocol users (as Fraktlisting whitelisting is tied to protocol usage)
📈 Acquisition of new community members & ambassadors
📈 Awareness for both BANX & FRAKT protocol
📈 Trading volume for BANX (more liquidity and more arbitrages opportunities)
📈 Protocol revenue, due to increased Protocol Owned Liquidity
📈 Sustainable passive income for holders, due to increased protocol revenue
Growth & Marketing
- We are currently very busy discussing with almost all projects/DAOS regarding BANX Presales and Fraktlisting referral codes
- We continue partnering with Projects for lending liquidity:
- We continue educating & onboarding more users to Bonds, the most flexible, scalable and composable lending product on any chain:
- Our Educational content contest is still ongoing! 📚
PFP
We shared 5 hot new BANX sneak peaks 🔥
Design & Development
- Released Strategies (beta), Fraktlisting (beta) and Leaderboard (beta)
- Released several impovements and bug fixes for Bonds
- Working on bulk loans new pro UI
- Working on BANX mint app
- Working on “My rewards” page UI including the Adventures and passive income loot-boxes
- Working on Bonds features : Refinancing active loans feature, Selling active collateral feature, Mortgages, Bonds listings feature (enabling instant high loan values for rare NFTs)
- Secret stuff we can’t share just yet 👀
