Sincerely, Rouge. 🟠

Science buff. Picture hoarder. Believer in infinite possibilities.

[El JPEG Master @TheJpegMaster]

Okay, we have to talk about @FamousFoxFed

Is it worth to in ? Which budget ? Which returns ? WTF IS FFF ? Let's deep dive

Disclaimer : Not a financial advice, do your own research

1) WTF is FFF ?
FFF is a NFT project (mint : sept, 30 2021) that build a lot on the $SOL NFT space.

There is 3 main collections and a token :
- Famous Foxes (FFF) - supply 9.3k - FP : 4.5 SOL
- Transdimensional Foxes (TFF) - supply 7.8k - FP : 1.27 SOL
- Dens - supply 3k - FP : 4.3 SOL
- $FOXY - FDV : 261M $

2) WTF they do ?
FFF got a top tier revenue flow for a SOL jpeg project.
Their Dapps benefits to the whole ecosystem, and generate a good volume + fees.

2.1) Citrus
Citrus is the NFT lending/borrowing Dapps.
According to @DefiLlama, Citrus got a 1.2M$ TVL (due to NFT market dump)
According to their @flipsidecrypto dashboard, Citrus generate around 800$ per week in fees

2.2) FFFlip
FFFlip allow user to double their SOL or FOXY (with 3% fees) with a 1/2 probability to win.
According to their flipside dashboard, FFFlip generate around 3.5k $ per week in fees

2.3) Raffles
Raffles allow everyone to create a raffle by putting a prize, and a TTV (Total Ticket Value). In this example, the price is a @y00tsNFT with a 4.26 FP and a 4.19 TTV (0.1039 SOL x 50 tickets).

Everyone can ape on a raffle, and win the prize with a bit of luck

FFF take fees on each raffle, +3k per week according to their flipside

2.4) The rest...

FoxySwap is one of the most important feature for the ecosystem. That allow users to trade a NFT for others, with or without SOL. That's fucking important for OTC trading. The project take fees on. Royalties on their 20k NFT on secondary market is an important income source too.

You have to notice than theses numbers are historically low for the project (like all the market).

To be more explicit, here's the revenues dollarized for last 12 month, per week :

As you can see, it's not very stable. Most of time between 20k and 50k per week

3) Rev share

Why this is important ?

-> because a big part of revenues is distributed to holders, via 2 ways.

- Monthly holders raffle
- Missions

The first one is a raffle exclusive to holders. You can buy your tickets with FOXY, and win lot of prize such as FFF/TFF/Dens, SOL, FOXY, other NFTs...

April was a 300 SOL raffle, May too, June 120 SOL...

Missions are a kind of staking, with a 1 week lock. At the end of each period, you can win "Chest" with prizes, and "FAME"

Fame is the XP of your fox. You need x Fame to level up, and you also can transfer Fame from a fox to an other, with a % cut.

You're not guaranteed to get chest at the end of each period. This depend of your "power" and your luck.

Power is calculate by : lvl x rarity points (trait boost)
For each period, bonus traits are selected, giving a bonus for foxes with it.

Average power rn : 484

To accurate your fox power, you can add "Dens". 1/10 of the "Dens score" is add to your fox power.

If you win chests, 4 per FFF and 1 per TFF, + bonus chests depending on your lvl.
You can sell theses chests, or open it. If you choose to open, you can earn similar prizes than on a raffle.

5) Community

I have to notice it but community is absolutely top tier !
special kiss to @Bluernote ❤️‍🔥
WL are pretty cool too, and globally there is different "unexpected" events over the time.

6) My strategy

This is a whale game, but the floor price is low.
For my part i'm going to accumulate good lvl & rarity, my goal is 5-10 FFF. Imo this collection is undervaluated rn, so it seems to be a good entry price. An important fact is that fully lock my liquidity, i can't borrow SOL on them when on mission.

I should win chests every weeks with this big fam.
I keep SOL, sell when NFTs, and use all FOXY i earn during the month to participate in monthly raffle.

My main goal is to take profit at break even (yield is on the calcul) to keep 3-6 foxes "for free". Obviously, before to sell i'll transfer the max Fame possible to my rarest FFF.

That was my intro to @FamousFoxFed, here's wp and flipside dashboard links :

- https://t.co/QlF8fM2Kph

- https://t.co/DmQ8AYr9pZ

If you write all, a follow or a comm could make me very happy 😘

[Famous Fox Federation 🦊🟠 @FamousFoxFed]

Round up the squad and rally the skulk, the Famous Foxes are about to go on an epic new mission starting today!🟠🦊

[Famous Fox Federation 🦊🟠 @FamousFoxFed]

NFT loans made extra juicy this week at Citrus!🍊

We will be giving out Double Juice rewards to all loans that are reborrowed from any lending protocol, including Citrus!🦊

Double Juice Week starts April 17th 1600 UTC until April 24th 1600 UTC.

Get Juicin’ today!🟠🦊

[Sociosa 🟠 @Sociosa1]

Why Citrus?

Lenders and Borrowers:
- For each SOL volume, you get 0.000208 SOL.
- Automatic LTV% offers so you don't need to constantly manually manage your offers.
++

Borrowers:
- Benefit from only 7 to 14% platform fees. This is up to 50% less fees than the current market leader, resulting in significantly cheaper loans for Borrowers for identical loans.

[Sincerely, Rouge. 🟠 @rougesound_]

By doing nothing, somehow, Kamino is the biggest winner of the day.

[Sincerely, Rouge. 🟠 @rougesound_]

To go a step further:

Don't fade the obvious trades. Things that make dollars -> make sense.

[Dawnwalker @Dawnwalkerr]

Don't overcomplicate it.
Buy low, SELL for higher.

[Sincerely, Rouge. 🟠 @rougesound_]

@Dawnwalkerr Bullish on Base?

[CL @CL207]

study hooman sapiens

[toly 🇺🇸 @toly]

Stop doing this.

[Sincerely, Rouge. 🟠 @rougesound_]

@FamousFoxFed continues to be one of the best value plays I've ever made.

With weekly rewards like this, how could you disagree?

[Sincerely, Rouge. 🟠 @rougesound_]

@0xOppty @FamousFoxFed Thanks for making such an awesome dashboard, Oppty! Been using it to track rune supply for a couple weeks now 🫡

[Sincerely, Rouge. 🟠 @rougesound_]

My unsolicited advice?

Support platforms that you love. Being rewarded for early/consistent support is a total win-win when you love the product.

[Sincerely, Rouge. 🟠 @rougesound_]

Can't say that I'm a fan of the points meta.

Users that are "farming" these platforms are often the ones getting farmed for their liquidity.

In many cases, it's unclear what the points amount to, if the drop will be in a day or a year, or if any of it was worth your time.

[Sincerely, Rouge. 🟠 @rougesound_]

Days like this are like the Superbowl for eth maxis, they've been waiting for an outage for so long

[Sincerely, Rouge. 🟠 @rougesound_]

@FamousFoxFed Four runes!

[Sincerely, Rouge. 🟠 @rougesound_]

Too many airdrops, too little time.

[Sincerely, Rouge. 🟠 @rougesound_]

The Jim Cramer effect must be studied. This dude never misses.

[Sincerely, Rouge. 🟠 @rougesound_]

I wonder how all of those "quit my job to go full time in web3" folks are doing.

[Sincerely, Rouge. 🟠 @rougesound_]

@CardsTradeup Great thread! I had no idea that the DST was so high for some of these projects. Very interesting to visualize things in a new/different way!

[Sincerely, Rouge. 🟠 @rougesound_]

@Froggo_Magician @FamousFoxFed 🟠