Diesel Pools - No GAS required: Gamified Liquidity Pools...
Diesel Pools are coming along. Just had the first code review and only minor edits are required. So, the actual back end code to diesel pools should be out in the next week. We're forking the Uniswap repos to get front ends ready. Hopefully that's relatively quick. We'll see, but my aggressive deadline for Diesel Pools being live on at least one Hive-Engine site is by the end of February.
Diesel Pool Rewards
The base contract is just to create the pools. The rewards portion isn't included in there yet. We're working on that next.
It looks like the plan is to take the mining contract and NFT influenced mining contract and edit them so that they'll work with Diesel Pools.
So... What does that mean? Gamified Liquidity Pools!
In the simple version of rewards you'll pick a token to reward the pool. It'll inflate into a contract that will send out a lottery. Could be every hour, could be every day. The lottery winners will be based on how much stake they have contributed to the pool. So, if you have 10% of the liquidity you'll have 10% chance to earn the lottery.
In the complicated version we can get pretty clever. When Splinterlands launched the DEC/ETH pool Matt added a clause: your stake will effectively double from the point of view of rewards if you leave your stake in for 100 days. That means if you put 1M it's counted as 1M, but if you leave it for 100 days it counts as 2M. It's a way to reward time...
What's that gotta do with Hive-Engine and Diesel Pools?
Well, by having pools and then separate mining contracts for pool rewards there's a lot of flexibility in how liquidity providers can be rewarded.
Maybe you want it so that if they stake 30 days that their stake in the pool is counted as 3X compared to what's actually in there. or maybe you sell a NFT which if you own it gives the user that bonus immediately and they don't have to wait 30 days. So, now your fungible token has a non-fungible sink that impacts their liquidity rewards.
Or they get some additional bonus because they have some other NFT. Count the stake as if it's been there longer, or give a bigger reward. Or a higher chance of winning the prize. Or a bonus on a certain portion of their overall stake.
There's lots of stuff that can be done. To my knowledge we'd be the first to be doing this: NFT influenced liquidity pools.
Hive-Engine is pretty awesome
My head's in this thing all the time, and all I can think is that this tool is really freaking awesome. By making a bunch of these modular smart contracts and allowing any token to take advantage of them we're really enabling anyone in the world to make their own community token for little money with a wide range of abilities.
it might be hard to see because it's not all on the front-end websites just yet, but we're working on that. We're getting the openhive portion of tribaldex.com/openhive up and running, and after that we'll go back and work on an easy interface to enable smart contracts we've created for your tokens.
I think by the end of March or sometime in April you'll be able to
create your fungible token
make delegations possible
start a smart contract distribution like Hive
get your own website out
create a selection of NFTs for sale
Get those NFTs onto tribaldex.com/openhive
Create liquidity pools
allow those liquidity pools to be influenced by your NFTs
Create a DAO
Fund the DAO with your token
Fund the witnesses from your token inflation or DAO
Create a separate governance token
Allow the governance token to impact values that you built into the system
Oh right, Governance...
So, if you see at the end there I snuck in governance. When we create a rule like after 30 days your stake gets counted as 3X those can be treated like editable variables.
After X days your stake gets counted as Y times your actual stake.
Well, we can allow governance tokens to modify this.
After X -2 days your stake gets counted as Y.4 times your actual stake.
My point is that governance can actually have control over certain contracts, edit them, and it can be based on community consensus.
Not the boss of you, but....
I suggest grabbing some WORKERBEE or BEE. Snagging some Farmfarmer and Mytical.Farm tokens. Creating your tribes. And getting ready to stake various tokens in the diesel pools and get rewarded by projects.
We're building right at the cutting edge. I don't think you'll want to miss the ride.