09/12/2022
AMA – Wednesday, 7th of December, 2022
AMA Participants:
Project Lead - David Hallett aka Maverick
Please find the latest exciting updates from the weekly Brewlabs AMA:
- ETH-BNB Brewlabs Bridge launched succesfully 10 days ago! Chart has shown some volatility as expected, we touched a new all time high of 4 cents! We wanted to see how it went before planning a farming pool, which will be out in the next 48 hours. We strongly advise anyone that wants to enter the farming pool to do their own research on impermanent loss before approaching farming. We are as well applying new logic to farming fees, since we don't have a large supply, so we'll probably introduce a fee on withdraw, to keep the farming pool sound and running smoothly.
BRIDGE update: Garlic put together the transaction history, which is sooo cool. You can see the transaction history on bridge in real time. This is much appreciated also in terms of transparency! We're now woriking with the first bridge client, a project that will have their bridge developed and integrated with ours.
- Brewlabs staking pools renewal. We started discussion around new staking pools for Brewlabs. We'll determine the best strategy, but we'll likely start a new pool in January or within the first quarter of next year, still applying the new fee logic we are planning to preserve sustanaibility. APR will probably be lower, but the new fee logic will help Treasury buying more tokens and raising token's floor price, so they ARP will be lower but the tokens earned would have higher value. We got half a million tokens last week from the staking fee, but this is not predictable, since if the price increases, we'll get less tokens from fees. Worst case scenario we can take resources from Treasury, but people prefer the Treasury to increase, so we're working on the new fee logic in community and project's best interest. Stay in touch for updates on eventual Brewlabs pools!
- We are taking huge steps to next hit product, the stables index protocol! Indexes we'll be primarily positioned on ETH as for their first components, then we'll move them to bsc as well.
- TrueNFT. Who is listening live to this ama got a sneak peak of the TrueNFT platform in its dev stage. It's a preview to be taken with a grain of salt. We'll release the components in steps, assuring that everything integrates and works perfectly! NFT components first, then inventory, then minting! We're introducing some first time and innovative functions, aiming to let people find in one place all the utilities of the projects they're interested in and have also the chance to overview all the other projects, while being able to see their collections, stake their ntfs in the relevant pools, mint the NFTs, make offers to buy or accepting offers to sell NFTs! We'll offer also a new kind of distribution utility, which is not known yet in the space! Fees logic will vary depending on the different projects' strategies that will be available on our platform.
TrueNFT offers basically anything a team needs and gives investors what they need as a passive income NFT platform, where they'll find projects' pools apr, yeld, collections, etc. Front end is completed for the most part and we're in the process of taking it from the design to the web3 dapp full implementation! Design is subject to change to get the most out of the experience and the utilities offered! It's likely that we'll public it soon, keep in touch!
- We updated the Freezer to accomodate ETH lp tokens lock. We can offer locks for any particular lp over on ETH. We are moving forward with all the clients that were waiting for it! We'll be looking in integrating other chains soon, now that on ETH side we laid down the base of multichain integration.
