verynifty / veryniftyproposals

Submit a PR here for protocol/economics change ideas
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Addition of legendary stake for liquidity providers #1

Open been9 opened 3 years ago

been9 commented 3 years ago

Currently we have stake option for 400 points to regenerate vnft from muse.(5 muse gives 1 point a day)

As mentioned on telegram and discord earlier, Introduction of super stake feature to incentivise liquidity providers on dex. They have to first add liquidity to Muse-eth pool on uniswap and than stake UNI V2 LP token on new "superstake" page to gain nifty points. These nifty points can than let them buy monster vnfts which are rare. Monster vnfts will have several categories -

dollarmonopoly commented 3 years ago

I like the idea of: 1) Adding another incentive for pooling tokens (in addition to the current staking option of the pool splitting 50 $MUSE tokens ["Muse"] per day) that can mint vNFTS, called "superstaking;" and, 2) Having different types of vNFTS characters that come from superstaking, some with rarity.

I do not like the idea of: 1) More Muse minting power for certain rarer vNFTS.

Reason for not liking the more Muse minting: The minting power should be based solely on the level of the vNFT and the current-level-Muse-emission-curve, because this level-based emission curve provides a stability in the game. The instability of which rarity type the mint-able vNFT will be, upon newly minting, is enough of an alluring bonus. Changing the minting power changes the current curve of emission on the Muse token itself. Very rare, legendary, limited edition vNFTS could have other bonuses such as an "evolution" upon a certain level, where the vNFT becomes even rarer, or, upon a certain level takes the number of a dead, low-number original vNFT.

I think it's imperative that we slow emission of Muse and burn as many Muse as possible (allowing it to be re-minted), staying true to the game's principal of keeping a low total token supply, while increasing the amount of art in the VeryNifty Museum.

unrulyfex commented 3 years ago

I like the idea of rewarding liquidity providers with the chance to gain points for minting vNFTs like we currently see with the minting pool. Perhaps as increased incentive, there can be a chance to mint a rare creature -- not a guaranteed reward. This keeps the game more fair by adding an element of randomness and not just a whale's game with a strong incentive to sell a rare creature for profit and farming again. I don't believe rarer creatures should have more mining power. Perhaps, there are other unique characteristics a rarer creature can have (for ex: the ability to "heal" another vNFT without requiring MUSE to increase TOD. )

dollarmonopoly commented 3 years ago

(for ex: the ability to "heal" another vNFT without requiring MUSE to increase TOD. )

This is a cool idea. An ability for a vNFT to be a "Healer," reducing others TOD. Some other features could be a point giver, who, instead of minting muse, minted points and thus could send them to other vNFTs. The "Point Giver."