A few highlights of activity over the past week across the Lamden community:
# NEWS
- The $MARMITE / YETI team held an AMA to discuss a variety of topics including the functions of the new YETI token (9% tax — allocated to 6% for rewards, 2% for LP, and 1% for rain — rewards will be in TAU initially but goal is to transition to WETH once liquidity is restored), an increase of the supply (plan is to increase supply by 10 billion to be used for liquidity pools), preview of the new website (yeti-token.com coming soon), a status on the bridge (hoping to be added to LamdenLink but will explore all other options if needed), date of release (March 22, 8pm GMT), and more.
- The Taurus NFT marketplace is working with artist ‘thatguy’ on a new NFT collection themed after the site’s bull logo. The collection will contain 625 unique NFTs, each with distinct and rare traits. NFT owners will be able to participate in the new Taurus DAO.
- The Nebula (NEB) to Portal (XPTL) optional swap has now concluded. A total of 24,373,725 XPTL tokens were minted via the swap. The new website will be moving from the Rocketswap domain to https://prtl.finance . More info about the vaults and other details can be found via the team’s latest status update.
- The Portal team is planning to create a widget that any project can add to their website to show users that a token / LP lock exists and its duration. This is important information for any project token holder to be aware of since it ensures liquidity will be available for buying or selling and/or that the team’s token allocation won’t be sold. The Portal team plans to lock XPTL LP once the new locking contract has been completed.
- The Rocketswap team has distributed rewards to the winners of the XPTL and RTAU trading Leaderboards. Congrats to the winners! Check out the latest competition for XPTL and RTAU!
# AMA
Each week the Lamden team will answer questions from the community. Please submit your questions to the community manager (deadline is each Wednesday to give us sufficient time to answer). This week’s AMA begins now…
thatguy asks, “What’s the team’s top 3 priorities for 2023 and what are they doing to complete them? Are they staffed sufficiently to achieve said goals?”
- Fix some outstanding issues with the nodes
- Onboard community nodes finally
- Simplify usability and streamline onboarding for new users
endogen asks, “Development for which of these components in the Lamden ecosystem is guaranteed to happen and be paid for by Lamden fiat funds (and not by the DAO) in the future? (1) block service (2) bridge (3) wallet (4) lamden_wallet_controller (5) website”
It’s a loaded question, nothing is guaranteed. But Lamden is concerned with the protocol and contracting only. Everything else is ancillary.
endogen and Lorythril ask, “Is there a guarantee that some projects on Lamden (like for example BLBR, MARMITE, TRT) will be added to the bridge?”
No, nothing is guaranteed.
Benji asks (paraphrased), Can you explain past instances where trades were performed by the team and losses incurred?
We’ve made a number of strategic investments and partnerships over the years. Not all of them are guaranteed to work out. It’s important to recognize when to cut your losses, or risk losing it all. It’s also important to recognize the wins. In particular, Lamden has endured during several bear markets over the past five years. We successfully navigated the collapse in value of ETH during the 2018 cycle and persevered during the current implosion of CeFi, CEX, and other organizations.
Benji asks (paraphrased), Will the Lamden team consider allocating any fiat toward the DAO?
There are no current plans to allocate any fiat toward the DAO. The DAO will be funded with ~40 million TAU which will be stored in a smart contract. The DAO funds are then allocated at the discretion of the node owners if and when motions are passed with a majority of votes.
Thanks again for everyone’s great questions this week!
# TOTALS
- Transactions: 1,299,714 (+965)
- Burned: 7,689 (+5)
- Tokens: 188 (-)
- Dapps: 11 (-)
- Contracts: 1,914 (-)
- Addresses: 26,045 (+63)
Why Lamden?
It’s fast, with tiny transaction fees, and a developer-focus. Built from the ground up to remove technical hurdles and empower developers. Choose to program in Python, or your preferred language, and significantly reduce the time to produce your dApps. Developers are further incentivized since 90% of each transaction fee is returned to the dApp creator. $TAU has a maximum supply of 248 million and is deflationary with 1% of each transaction fee burned. Lamden is paving its own path as the premier Python-based layer-1 blockchain platform. With access to a potential developer base of over 10 million, the sky is the limit. Welcome to Lamden — let’s build together!
