Betting on extracting value from all future transactions - buys, sells, deposits, jeets - and all future developments in the ecosystem. Refer to the docs to see how all actions are +EV for bakers:
https://t.co/1XfDM9kaZY
High APRs - Proof-of-bake draws some similarities to reflection protocols like safemoon. But instead of rewards going to all holders, it only goes towards those who’ve proven their conviction by staking for a higher price. Btw, this also makes it compliant.
Safemoon went to the billions and many holders earned 3 digit APRs. With only ~17% $dough staked as of writing, one can only imagine what the APRs could be with even a fraction of the volume safemoon got.
One good example Vitalik is, staking tokens based on price and claiming rewards. Let's say you stake a token for 2x when the market cap of the token is 1 mil, then the staked tokens will unlock at 2 mil market cap along with good rewards. If you stake tokens for 100x then then tokens will unlock at 100 mil market cap with more rewards than 2x. This makes people diamond hand the token.
The rewards come from tax which makes this model sustainable. $DOUGH by @l3th1mc00k has built this model with no marketing and already 16% of the $DOUGH supply has already been staked, most of it for 100x. The meme narrative set by the team is really cool too. Buy $DOUGH on uniswap, become a chef and bake (stake) the $DOUGH in the Le Oven, remove it when golden brown. (Claim rewards) lemme know your thoughts.
GM chefs, It’s time to spread ze word of #Doughboy.
We’re launching our Breadcrumbz series over on both TikTok and Instagram.
Follow Doughboy’s journey from the trenches of fast food kitchens to becoming a master chef at Le Bakerie.
New content is c00king in le kitchen. Drop us a follow and let’s get these out everywhere!
(Links in bio)
To all ze bakers - we’re honored to be a part of the first price-based #DeFi staking protocol with you all. In just 3 days since the dApp launch we have:
🍞 ~15% staked, most of which for 100x
🍞 Average staking target multiple of ~80x
🍞 Dune dashboard in the works courtesy of @whale_hunter_
Phase II will be about expansion. More details soon. Stay tuned, stay toasty, and as always, L3T H1M C00K‼️
@VitalikButerin Ever tried staking based on target price? It’s better than staking based on time.
First time in DeFi, first time on eth. You should consider taking a look.
@TheCryptoLark Yep. Memecoin insanity is in full swing. When celebs are in the news you get memes like $JENNER and $MAGA. Many people are saying that the popularity of Jonathan Dougherty will take $DOUGH to unseen levels and help lift the entire space 👀
https://t.co/RMiOYxCVQX
@MattShiller_ $DOUGH. Period. Not only because it is a top-notch meme that stands alone on its own, but because there is amazing tech attached to it. The next 24 hours are going to be exciting as the dApp goes live. Hope you’ll take a look 👀
https://t.co/ScGyrHxfXj
@YisusCryptos@itsFoxCrypto Was just a small dip, but $DOUGH!
Amazing meme with innovative tech tied to it. The dApp is going live imminently 👀 🔥 🍞
https://t.co/ScGyrHxfXj
@LadyofCrypto1 I hope your portfolio includes $DOUGH. The coolest meme coupled with truly game-changing tech 👀 Staking (baking), but based on price, not time. Great team, based community. It’s a true all-in-one project and the dApp goes live in the next 48 hours 🔥 🍞
https://t.co/ScGyrHxfXj
This guy holds 4% in $DOUGH (worth about 40k USD). And he says he is gonna stake all of it when staking launches (this week)
This is bullish af because his 40k worth $DOUGH will unlock only when $DOUGH reaches 100 million USD market cap. I hope some of you normies get to be in the chat before the utility launches to know how $DOUGH stakers gonna make alot of $$$$ @l3th1mc00k
Le Bakerie is opening soon 🚀
As we prepare for the dApp launch, we will be answering questions on TG and making minor changes to the website/dApp UI.
stay tuned, stay toasty, and as always,
L3T H1M C00K ‼️
@kylechasse Kyle have you checked out $DOUGH yet? Innovative tech where you stake (“bake”) based on price, not time. Super fun meme branding as well with a very pro team. The staking dapp (“Le Oven”) is going live any day now. Think you’d really like it! 🔥 🍞
https://t.co/uCOsBJ7RlW