SingularityDAO: Something Big Is Coming

Greetings DinoForce,

Mark your calendars

After a long wait, the date is set, and the countdown has begun! For your support and patience during this time, thank you. Now, the time has come!

This upcoming launch marks an important transition for SingularityDAO, from Beta to Live product. Since the project began back in the first half of 2021 all roads have led here. The culmination of more than a year’s work building a DeFi platform, DynaSets, AI algorithms and advanced, effective trading strategies comes together with this launch.

Not only is this a special occasion for SingularityDAO, but it is also a big deal for the crypto ecosystem as a whole. Fostering the hunt for real yield.

While this marks the end of Beta, it’s truly just the beginning of everything SingularityDAO is set to accomplish. You can expect to hear much more about those plans in the coming month, but for the time being, let’s keep our attention on the launch!

Contributions to dynBTC, dynETH and the long-awaited dynDYDX will open on Tuesday, October 11th, 2022 at 12:00 UTC+0 and will remain open for 14 days.

The trading period for dynBTC and dynETH will be 3 months. dynDYDX is also planned to run for 3 months, however with this being a beta, and having a reliance on the dYdX the protocol, which has plans to move to Cosmos, the exact runtime of this set cannot be guaranteed.

Summary of new features

• Withdraw and Redeem of DynaSet LP tokens for dynBTC & dynETH

Users will now be able to own their share of the DynaSets and do with them as they please. Your keys, your crypto. This is another big step in the decentralisation of the protocol.

• DynaSet with leveraged long and short positions (dynDYDX)

No longer limited to long-only strategies, capable of taking advantage of both bear & bull trends.

• dApp refactored with a better user experience

It has been completely redesigned with new user workflows to make it easier for the users. Due to popular demand, it also includes a dark theme.

• Rebranding

Along with new products and a new user experience, comes a fully reimagined SingularityDAO. While keeping true to the spirit of our original branding, the time has come to move into the future. Cutting-edge blockchain, AI and financial technologies deserve a more futuristic style.

dynDYDX

The DynaSet will be launched as a Beta. dynDYDX will have the ability to execute trades in BTC & ETH positions, utilising long & short exposure. At the end of the trading window, the DynaSet will close and users will be required to withdraw their assets (in USDC only)

dynDYDX details:

• Max contribution: $4,999,999
• Minimum deposit: $500 worth of tokens (at the time of contracts initiation)
• Term: 3 months
• Withdrawal in: USDC
• DynaSet Fees
• Management: 2% of the TVL annualised
• Performance: 20% of the profit above the hurdle rate
• BETA version
• No Early redemption
• Integration with leading on-chain derivatives solution DYDX
• Read and accept the Beta T&C’s located within the DynaLab before accessing the DynaSet

dynBTC / dynETH details

dynBTC & dynETH offer exposure to Bitcoin & Ethereum using a long-only strategy.

• Max contribution: Uncapped
• Minimum deposit: $500 worth of tokens (at the time of contracts initiation)
• Term: 3 months
• LP tokens withdrawal: Yes
• Redeem
• dynETH: USDC or WETH
• dynBTC: USDC or WBTC
• Exit fee:
• 0–30 days: 5%
• 31–60 days: 4%
• 61–90 days: 2.5%
• 90+ days: 0%
• DynaSet Fees
• Management: 1% of the TVL annualised
• Performance: 10% of the profit above the hurdle rate

Automatic roll over from BETA to V1

At the beginning of the contribution period, any unclaimed funds from the current dApp will be automatically rolled over into the new DynaSets and considered a contribution for the coming period. After funds are rolled over they will no longer be redeemable without the related early redemption fees, until the following redemption period. Users will be able to see their rolled-over contributions in the new dApp on October 19th.

dynSING

As previously announced, dynSING will not be rolling over at this time. If users have not yet done so, it is suggested to visit the new SingularityDAO dApp to claim any remaining tokens. There are some very interesting plans for dynSING when it is re-released in the coming months with updated mechanics and strategies.

Below are the contract addresses containing the remaining dynSING tokens, awaiting withdrawal.

https://etherscan.io/address/0x7B39e62798cc31503dD9BD9C6E06794200bCE728

https://etherscan.io/address/0xe42073eba832E9e9109dD11e40b3B92d6130424f

DynaSet Smart Contract Workflow Architecture

New UI Details

Along with the release of new DynaSets, users visiting the SingularityDAO dApp will be greeted by a reimagined User Interface, User Experience, and fully updated branding.

Visit singularitydao.ai on Tuesday, October 11th, 2022 at 12:00 UTC+0 to witness SingularityDAO reborn!

Make sure to follow SingularityDAO on social media so that you don’t miss any upcoming announcements regarding more DynaSet details as well as an upcoming 14-day launch celebration event!

Social Links
Telegram Community
Discord
Twitter
YouTube
Announcements Channel
Facebook
Instagram
Medium
Reddit

Audits
dynETH/dynBTC
dynDYDX
Past Audits

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