@altointern
@altointern
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The team announced that this mechanism WILL be hitting test net very soon for all to try out. The new mechanism changes are currently awaiting final audit and after that . . .Tapioca will be redeployed to mainnet
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So why is this system so great? - It allows for price discovery on the price of time -It encourages first and foremost the locking of liquidity -Secondarily it encourages locking that liquidity for as long as the market will support. -Much simpler than previous iteration
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Each epoch users lock their tokens (either TAP or USDO) into these buckets. At the end of each epoch any bucket that has fewer tokens than it did in the previous epoch (due to unlocks) will reduce its lock duration by 1 week (-1). Any bucket that has the same or more tokens than
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In order to explain the new mechanism the guys presented this graphic (worth 1000 words). But the basic idea: There are 4 buckets each for Tap/USDO, one can lock into, each with their own lock time and level of voting power in the case of TAP, or oTap rewards for locked USDO.
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Episode 105 starts by going over what problems @tapioca_dao was trying to solve with the locking consensus mechanism and why a new mechanism was required to more simply achieve that goal.
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🗒️If have owned TAP on Arbitrum mainnet while we have been building (there have been multiple snapshots) you’re eligible for a pro-rata share of the 105,000 aoTAP airdrop. This will be based on the time-weighted average of your TAP ownership.
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📈 Earn aoTAP Airdrop Testnet users providing feedback on Tapioca will be rewarded with an aoTAP airdrop! Snapshots are ongoing, and TAP incentives are on the horizon. 🔥
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💰 Liquidity Provision Strategies Jones DAO introduces new Tapioca liquidity strategies. Choose from bear, bull, or wide/narrow strategies to optimize your LP'd $TAP yield. Major liquidity providers are already testing these options. https://t.co/jqTconqotW
Greetings @tapioca_dao enjoyers Check out our $TAP / $WETH Smart LP strats, built specifically for tapiocans! We're delivering 3,150 $ARB to these strategies over the last 12 hours of our STIP campaign 🔥
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🔗 LayerZero Catalyst The LayerZero Catalyst initiative is live! It’s designed to support omni-chain protocols by fostering collaboration and growth by connecting promising builders with the biggest names in funding. https://t.co/CZRK6mjzXs
Introducing lzCatalyst LayerZero Foundation is launching lzCatalyst, a program dedicated to connecting the best builders with the best venture capital firms in crypto. As lzCatalyst launch partners, a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin
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1/9 There is news, Tapiocans! 🗞️ After a launch with trouble, Tapioca V1.1 is coming! I studied the latest press conference by @twMattt, read the plan regarding the upcoming testnet and $TAP AIRDROP, and I want to summarize it for the community of @tapioca_dao 🧵
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➡️ To Script or not to Script: Additionally, on the show it was discussed the nuances of deployment script testing and why fully automated deployment will be featured on MAINNET but NOT the testnet
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➡️ Wen Testnet? The team is working diligently to complete audits of the recent minor changes and also to reconnect the soon to be redeployed contracts to the front end.
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➡️ An overhaul of the Access Controls system to limit attack surface area is being implemented to add additional security to the protocol
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➡️ New Issue Identified / Resolved An issue was identified during front end testing that would have impacted future cross chain features. A fix was identified and is in process of being tested and reviewed.
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📌Tap Talk Recap nº 101 📌 Today on Tap Talk @twMatt and @ubenjammin2 discussed biggest news in defi today: The HUGELY important hearing today in Congress by the House Financial Services Committee. As always here are the other updates from the show 👇
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📌Tap Talk Recap nº 100 📌 Today, Taptalk celebrated 100 episodes with @enigmadarklabs as a special guest to give a rundown of all the details on Tapioca V1.1. Final updates before testnet launch are as follow: 1⃣ Tapioca testnet: Complete and in internal testing! The
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📌 Tap Talk Recap nº 99 📌 A lot happened this week on the space! Matt & Ben commented on Vitalik's takes on DeFi and the new Maker rebrand to Skymoney. But let's focus on @tapioca_dao new updates! 👇 1⃣ New consensus locking mechanism: As we already know, a "liquidity"
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tap has zero usage relative to the hype it has, basically, a value trap nothing against them, but uninvestable
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The correct discount is 33%, not 50%.
📌 Testnet deployment date: Testnet will be deployed at the end of august, If everything goes well, mainnet will be deployed 1-2 weeks after that. Users will be able to test and provide feedback on the testnet, and get rewarded with a 50% discount options airdrop (oTAP).
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