Today is a big day for us at GATA HUB: More than a year after launching our first Yield series with Yield Gorillas on Teritori, we are really excited to bring this concept over to Stargaze with the launch of our second Yield series: Yield Paws!
What is a Yield series?
Some of you might be wondering what a Yield series actually is. The concept behind those NFT collections is to allow holders of these NFTs to earn rewards coming from various income sources.
For Yield Paws the revenue streams are
- Staking $STARS
- DeFi strategies (LPing, borrowing & lending, etc.) managed by the team
- Private sales investments
Holders of Yield Paws will receive monthly epoch rewards paid out in the $STARS token based on the yield accrued with the mint funds used in the aforementioned activities (= yield model).
The Yield Model
How will the mint proceeds be split?
The mint proceeds will be used in the following way:
- 80% for the yield generation
- 10% to bootstrap the infinity pool on Stargaze
- 10% will go to the team
How are the funds for the yield generation be split between the different revenue streams?
The portion of the mint funds that will be used to generate the yield for the NFT holders will be split in the following way across the 3 different categories mentioned in the section above:
- 10–15% for staking $STARS
- 60–70% for DeFi strategies
- 20–25% for private sales investments
How is the yield generated being split?
- 70% of the rewards will go to the NFT holders
- 10% of the rewards will be used for asset building
- 10% of the rewards will go to the team as a performance fee for managing the funds
- 5% of the rewards will be used for a buy & burn
- 5% of the rewards will be used for a raffle which will have 3 winners
Yield Paws Rarities & Rewards
Not every NFT will receive the same share of the rewards. The color of the fur of your NFT will determine the amount of rewards it will receive during each distribution:
- Brown Fur will get 9% of the total rewards (~6x rewards / NFT)
- Grey Fur will get 13.5% of the total rewards (~3x rewards / NFT)
- Black Fur will get 16% of the total rewards (~1.3x rewards / NFT)
- White Fur will get 18% of the total rewards (~1.16x rewards/NFT)
- Orange Fur will get 43.5% of the total rewards (1x rewards / NFT)
Yield Paws Collection & Mint Information
- WL Mint: 4th of April 2024, 7 pm UTC
- Public Mint: 5th of April 2024, 7 pm UTC
- WL Mint Price: 725 $STARS (Max 10 Mints/Wallet)
- Public Mint Price: 777 $STARS (Max 50 Mints/Wallet)
- Collection Size: 5,000 NFTs
- Where: Stargaze
How can I get on the Whitelist?
We have opened a channel on our discord server for holders of GATA HUB NFTs (Colonial Cats, Voyager Cats, Yield Gorillas), where you can register your address to be added to the whitelist. So if you own at least one NFT of the mentioned collections head over to our discord and submit your wallet.
If you don’t own any GATA NFTs don’t worry. There will be plenty of opportunities to grab one of those whitelist spots through giveaways and several collaborations with many well-known Stargaze projects. So keep an eye out and don’t miss out on securing your whitelist spot.
What shall I do if I have additional questions?
In case there are still some open questions, feel free to head over to our gitbook. There you will find a dedicated FAQ section for Yield Paws. And if you cannot find the answer to your question there, reach out to us either on X or even better join our discord. We would love to welcome you to the GATA fam and are looking forward to your questions.
Disclaimer: Investing in yield-bearing NFTs is highly speculative and carries a high degree of risk. The value of yield-bearing NFTs can be highly volatile and can fluctuate rapidly, and there may be limited liquidity. Yield-bearing NFTs are built on blockchain technology, which is still relatively new and untested, and there may be technology risks associated with the underlying technology. The regulatory environment for yield-bearing NFTs is still uncertain, and changes in laws and regulations could negatively impact their value. Yield-bearing NFTs often rely on decentralized finance protocols, which can be vulnerable to smart contract exploits, hacking, and other security risks.
It is important to thoroughly research and understand the underlying technology, economics, and risks associated with yield-bearing NFTs before investing. We strongly recommend that you only invest what you can afford to lose and that you diversify your investments across multiple assets. This disclaimer does not constitute financial or investment advice and you should always consult a financial professional before making any investment decisions.
