Pandayield — Weekly Digest 02/21
The past week has been exciting, engaging, and a little bit tiring. So much has happened on Pandayield this week! Make sure you have followed every news, info, update by reading the entire weekly digest.
What happened this week?
First of all, we released an interesting update on the 15th of February. We enabled personal profile creation. The user can add their own profile picture and change the username (because the wallet address isn’t sexy). By creating a personal profile, the user integrates the hall of fame > the leaderboard. In that update, we also detailed the APY/APR for a better user experience.
We asked the Snapshot team to change the voting system, which they did. Before, only the BBOO present in the wallet counted for the vote. Now the LEAF is also taking into account. You may have seen LEAF token in your wallet. This token sole purpose is to be a place holder or a receipt of your BBOO staked. Its utility was only to unstake your BBOO. However, it is now also used to vote. So the voting stake weight takes into account the LEAF and the BBOO in the wallet.
We were deemed trustworthy enough on Reddit, so the platform enabled us to open a place for our community. It is an essential step because Reddit is an important marketing channel for Pandayield. We would like to invite the Panda community members to post, interact, comment, upvote a lot on the Subreddit.
We also added a BBOO live price chart on the homepage. It enhances the user experience on the Pandayield website. The user doesn’t have to jump to another platform to look for the price chart, as it has everything concentrated in Pandayield.com. What happened behind the scene was that our Devs worked on the API and made it much better, which was an essential step for the rest of the platform’s development.
On the same day, we got our data changed on Coinmarketcap, which definitely boosted Pandayield. We welcomed lots of new users on the platform and Telegram. We are glad that the newcomers asked about our story. But if you don’t know about our heartbreaking story, you can read it here.
Last but not least, we officially participate in the BUIDL reward program. The program comes from Binance to reward devs who support the growth of the Binance Smart Chain. The reward is based on the transactions going through a smart contract, the Pandayield Smart contract. We decided to give 70% of the reward to the community. Info about the conditions and requirements will come in about ten days.
Next week plan
Every week is full of surprises on Pandayield, but next week is definitely an exciting one and a turning point for the community.
- Certik audit will start on the 23rd, but we don’t know how long it will take for now.
- Greenpaper will be released directly on Pandayield.com and, of course, the awaiting Roadmap.
- The personal dashboard will be released
- Leaderboard UX and data adjustment
- Welcoming a new designer for Pandayield
Burning BBOO token
We have started a small burn of 1000 BBOOs on the 15th of February. We know that the community expects us to burn much more. We believe it’s not the right timing to burn actively. However, backstage, we are working on the burning mechanism(s) that will start with the lottery. We want a slightly different lottery than what the community uses in the Yield Farming area. As it is different, it is a little harder to develop than we expected. Nevertheless, our devs are working hard to bring you the most thrilling lottery experience.
Governance
You can see older poll results on this page and vote on the active ones. There are still eight active polls right now.
Closed poll and result from the 15th to the 21st of February:
- Add BBOO-AUTO & BBOO-FUEL pools (at X5 multiplier)/ 10 voters: Yes 100% No 0%
- 2% Entrance fee for burning on non-BBOO pairs / 9 voters: Agree 99,24% Disagree: 0,76%
- Increasing BBOO liquidity by increasing BUSD-BBOO and BNB-BBOO multiplier to 30X / 9 voters: Agree 100% Disagree 0%
- Hide APY on the farm page/ 9 voters: Not agree: 96,47% Agree 3,53%
02/22 Update
There is an upcoming update that will start on the 22nd of February. We will add 21 new pairs pools divided into three categories. The pairs won’t be added at the same time. In fact, we will spread the releases in 5 days and a half. The users will see a timelock trigger alert, but that will happen because we are updating! Thorough information here.
Pandayield Weekly Digest is a series focused on the Pandayield activities recap. It is released every Sunday on Pandayield Medium.
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