0
0
It was a week filled with updates and a lot of excitement around the USDT pool being Curated through the DAO of course. Read on for more info on:
Our DAO was woken up thru the week with a proposal to Curate the $USDT pool. Curating the pool means it get's some extra features enabled such as:
Thanks to EvilMessiah for helping spread community awareness during the proposal period.
🚨PROPOSAL REMINDER🚨
— Spartan Protocol (@SpartanProtocol) February 6, 2022
Spartans! There is an active #DAO proposal up!
It almost has majority consensus (66.66%) so if you agree, vote to help get it over the line!
If you don't, state your case and sway the vote!
It's looking like $USDT will be Curated soon🥳@BinanceChain #BSC https://t.co/QFTVV7GEEh pic.twitter.com/8hgzYJ6SE4
There was a gradual build in votes for the proposal then slowed down quite suddenly around the 50% mark after some days. Soon-after, suddenly jumping to 75% as more Spartans became aware of the proposal & put their support behind it. Jumping well over the required majority consensus pushed the proposal to the 3 day 'cool-off' period where it would have to retain at least quorum consensus for the period.
Thanks to our Queen Gorgo for the educational tweet explaining the events here especially around the 3 day cooloff.
💥DAO Consensus Reached💥
— Queen Gorgo (@Queen_Gorgo_SP) February 7, 2022
The current #DAO proposal to Curate the $USDT pool reached consensus in a rather dramatic fashion, jumping from less than 50% to over 75% in less than 24 hours🚀
It has now entered a 3 day cooloff period.@SpartanProtocol $SPARTA
Read more ⤵️ pic.twitter.com/ceSqmRbZ7A
Big thanks to the ONTO wallet team for setting up an AMA with our main man Phillip Reidy in their Telegram channel this week. Had some good questions from the community! A massive thanks to Phillip for always delivering the answers they are looking for!
Dont miss the AMA with @ReidyPhillip and @ONTOWallet today (08-FEB-2022) at 12:00 UTC in the ONTO Wallet Telegram channel: https://t.co/naa41Ckwvy https://t.co/dEFHRtAYvh
— Spartan Protocol (@SpartanProtocol) February 8, 2022
That wasn't the only surprise from the ONTO wallet team for the week as they also helped facilitate a special giveaway for some lucky random users of their lovely mobile wallet. Check out their wallet now and help celebrate their recent integration with the Spartan Community DApp.
Get ready for a special #giveaway hosted by #ONTO and @SpartanProtocol! 👏
— ONTO Wallet (@ONTOWallet) February 9, 2022
$1,500 worth of $SPARTA on offer for 150 lucky winners! 💰💰💰
Complete all Gleam tasks to share the REWARDS! 🤑
Join us now 👇https://t.co/gSftqBvrkK pic.twitter.com/R1h7ziTXot
Following the 3 day colloff, the DAO proposal had still retained more than enough consensus support to be pushed through and actioned by anyone who wanted to call the public function. This happened very quickly as soon as it was able, leading to the $USDT pool becoming Curated through DAO automation.
Existing USDTp holders can now stake them in the DaoVault, and new LPers interested in the USDT pool can also jump on board and add liquidity for exposure to the usual liquidity revenue, plus extras like the SPARTA yield via the DaoVault.
🚀 $USDT CURATED 🚀
— Spartan Protocol (@SpartanProtocol) February 10, 2022
The DAO proposal to Curate the SPARTA:USDT pool has finalised and is now in effect!
You can now stake your USDTp LP tokens for an estimated extra ~95% APY in the DaoVault ontop of your LP revenue 🥰https://t.co/WIvjjpom7p#USDT #DeFi @BinanceChain pic.twitter.com/MXhuvnmEWs
Our previous #LearnToEarn weekly quiz ended with 3 lucky winners nailing this question:
Which DAO function claims SPARTA yield into your wallet?
The answer was harvest()! Calling 'harvest' is what is hapenning behind the scenes when you click the 'harvest ' button in the DaoVault in the community DApp. The harvest function leads to calculating your current percentage of the total DaoVault weight against how many seconds have passed since your last harvest to help calculate the amount of SPARTA you are able to claim in that moment.
💸Winners are drawn!💸
— Spartan Protocol (@SpartanProtocol) February 10, 2022
The correct answer is: harvest()
This function injects that sweet $SPARTA yield into your wallet!
Read more here:https://t.co/QwJDdAXQ0p
Congrats:@farmgirlboss @alex_l@CsNoway$SPARTA on the way to your wallets now!#LearnToEarn #BinanceSmartChain https://t.co/ecks3CX6hc
The USDT pool becoming Curated quickly led to a jump up in liquidity in the pool. This increase in liquidity meant the caps needed raising a little pre-emptively (pool was already under the microscope and analyzed in advance leading to a quick #OpenTheGates)
Some of this liquidity entering was new/fresh of course, but also interesting to see some liquidity zap over from mainly the BUSD pool. A strategy that some Spartans have probably realised is that it is easier to gain a larger percentage of the pool's revenue in a pool that's currently not very deep and expected to go through a growth stage soon. Makes sense to spread your stablecoin LP exposure over multiple good stablecoin pools that you are expecting to generate good revenue in the coming weeks/months.
👨🔧#OpenTheGates $USDT👨🔧
— Spartan Protocol (@SpartanProtocol) February 10, 2022
Liquidity has been accelerating into the #USDT pool since Curation🚀
Contributors will continue to keep an eye on the pool's activity, but for now, caps have been raised to let the pool find its wings🦅
Can be dialled back any time if required!$SPARTA pic.twitter.com/cQcXA58NCs
Thanks once again to our Queen Gorgo for another good tweet! This time, explaining why the SPARTA token on-chain activity is higher than the usual tokens out there due to its critical utility as the common settlement asset in all pools. Every time someone swaps two tokens involving the Spartan Protocol pools, SPARTA is used behind the scenes as the 'rail' to facilitate the trade. For instance if BUSD is swapped for USDT, this is what happens behind the scenes:
Spartans be tradin' 🕺$SPARTA token utility becoming obvious on-chain with fairly consistent top-10 token activity
— Queen Gorgo (@Queen_Gorgo_SP) February 10, 2022
This will only become more evident over time:
🫂 Common settlement asset in every @SpartanProtocol pool
💪 Spartans gradually moving from CEX to the DEX world 🌏 https://t.co/yr6QuITX3n pic.twitter.com/E1QmsTvoBM
There is a new #LearnToEarn quiz up and live for Spartans keen to learn about another protocol function and win some SPARTA in the process!
Which DAO function can anyone call to finalise a DAO proposal that has passed its cool-off period?
After vetting correct answers and users who didn't pass the Gleam verification checks each week the pool of potential winners that are randomly picked from is quite small relative to the usual Twitter competition out there, so the probability is quite high for Spartans who enter each week and take the time to do all the steps + answer correctly. Worthwhile doing this every week if you are on the fence Spartans!
⌚#FridayFor300 Quiz #014⌚
— Spartan Protocol (@SpartanProtocol) February 11, 2022
"Which DAO function can anyone call to finalise a #DAO proposal that has passed its cool-off period?" 🙋♂️
💸3 random correct answers win 100 $SPARTA each
✍Enter here:https://t.co/KkS9ikT0fM#300SPARTA #LearnToEarn @BinanceChain #DeFi #Governance
Our in-house chair-hater @ReidyPhillip (aka Thespis) & community rallying powerhouse has gone ahead and had a unique handmade drum made to give away to a lucky Spartan community member! Follow the Gleam.io link in the tweet to get involved.
Some creativity & fun is recommended here in answering the tasks/questions, this drum is a massive prize and a huge symbol of Spartan pride & devotion. Show your alignment with Spartan Protocol by telling us what you love about it!
🏆Win a Limited Edition🏆
— Phillip Reidy (@ReidyPhillip) January 21, 2022
🥁 Physical #NFT Drum 🥁#BSC #Giveaway #BNB
1 Lucky winner from the @SpartanProtocol community
Thanks to @ReidyPhillip 🪑
Celebrating 2022 with a BANG🧨🥁🎇
🍒Randomly drawn
⏳Lasting just one month
👇Follow the link belowhttps://t.co/7fwkLZcvVW
Our community collates the public Spartan Protocol data into a PDF report each month covering Google Search (impressions, clicks, devices, keywords & geographical) & Twitter analytics. You can find the full January report here.
spartan-protocolBig thanks to a new friendly contributor who onboarded recently and had their first commits officially merged into the main branch during the week. A big warm Spartan hello for Jeremiasz:
Big thanks to Jeremiasz for taking the time to go through the DApp and inject a bunch of missing language IDs so that more languages can be updated easier by community members ongoing!
Jeremiasz then also went through and replaced a whole lot of the 'Google Translate' fallback Polish translations to proper human ones that make a lot more sense (and added in new ones from the newly added IDs)
The DaoVault APY has now been added to the pool liq management screen similar to how it is displayed on the home/pool list page
Thanks to Ronni from the community noticing and pointing out we had a mismatching input type in the 'add liquidity symmetrically' view. The text type and regex has been changed to match the input type used for the 2nd input so that the same keyboard style & behaviour is used for both
Next major item for the DApp will be to create a new branch with all stylesheets ripped out, starting by rebuilding the responsive structure of the major elements of the DApp using css-grid, then re-organising the file structure to make it a little more friendly, then begin building out a revamped theme/style for the react-bootstrap elements (light & dark modes)
spartan-protocolThe new website repo got some more love again this week, the mobile (xs) layout appears to be nearing completion of its first live draft stage, very excited for this one personally:
spartan-protocolspartan-protocolspartan-protocolspartan-protocolspartan-protocolspartan-protocolspartan-protocolNeed help with all sections ranging from grammar/spelling to copy-content creation, graphics (need to make it more visually appealing now!), to video versions of the text guides (these would be great under each relevant section), text guides and so on.
Some GitHub tasks are setup here:
spartan-protocolspartan-protocolspartan-protocolspartan-protocolspartan-protocolspartan-protocolspartan-protocolCompleted, all that remains is distribution! Please be patient and allow the contributors time to work out how these NFTs will be distributed. In the meantime please check out Bram on Twitter and show your support!
spartan-protocolThis component library has taken a bit of a back seat for now with a focus on cleaning up the existing DApp repo instead of rushing this one. Contributors can come back to this & work towards the initial plan of making it a whole component UI library (for all community DApps, not just the current one) instead of the in-between phase that it was becoming (the partial work will shift from here to a branch on the DApp repo soon for the DApp-refresh phase to continue)
Hence the below to-do list is now pointing towards what was previously meant to be the 'next stage':
spartan-protocolspartan-protocolNo activity in the subgraph repo for the week.
spartan-protocolNo activity in this repo for the week.
spartan-protocolNo public Github activity on the NFT/Gaming contracts this week.
spartan-protocolNo public Github activity on the API this week.
spartan-protocolNo public Github activity on the DeFi contracts this week.
Spartan Protocol is at its core, a community-driven and led project. In this vein, the more contributors the better. There is a great opportunity for community members to contribute by making LP reward analysis tools, etc.
Recently, community members have been graciously funnelling in to contribute to explainer articles, ideas and even $SPARTA donations to support the growth of the platform.
Where to find out about all the latest updates or suggest improvements — get involved.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0
15
1
