Introducing Farms: Stake DAOs for whitelist 🧑🌾
We have a devised a fair and programmatic way to potentially earn WL for upcoming launches. In our new Farms page, you can stake any of the 4 DAO tokens to earn Daos World Whitelist Token ($DWL). Burning these tokens give you a chance to earn a guaranteed WL! Stake now here: https://t.co/uLgotUugwa
First a disclaimer: DWL is NOT the https://t.co/J8XEaI2bwE governance token or platform token. It has NO inherent market value, do NOT ape it. We have NO official governance token ⚠️.
That being said, here are the technical details:
We are allocating 15 DWL tokens for stakers of the 4 DAO ($AISTR, $AR, $ALCH, $FDREAM) tokens over the next two weeks. Emissions happen on a pro rata, linear basis - if I stake twice the number of DAO tokens as you, I will earn twice as much DWL as you. You can withdraw your DAO tokens and claim your rewards at any time - no lockups or vesting. $DWL gets emitted every block.
You can burn 1 DWL token to earn 1 guaranteed WL (burning UI yet to be made.) If you burn less than 1 DWL token, you are entered into a weighted raffle to earn whitelist. For example, if Alice burns 0.6 DWL and Bob burns 0.4 DWL, then Alice will have a 60% chance to earn a whitelist while Bob has a 40% chance.
Note that these whitelist tokens are NOT meant to serve as the primarily utility of the 4 DAO tokens. Each DAO has their own unique purpose and mandate they wish to achieve. These DWL tokens are simply a small bonus used to reward holders of DAO tokens and encourage future participation in DAO launches.
This is a highly experimental farm and we encourage everyone to educate themselves prior and deposit at their own risk. We are tokenizing one of Base's most scarce and valuable assets: the Daos World Whitelist. Welcome to a new era of defi.
Our team has been working extra hard to bring our vision to life on all platforms, for our upcoming VR, time-travel adventure game. Aren't they doing a fantastic job? 😁✨ #quest3#psvr2#vrgame
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