After tense competition in our community vote, we’re pleased to announce the imminent launch of a new Pot: The BabySwap Community Pot.

With 10 winners, Cadets have even more of a chance to hold onto a winning ticket and take home a $BABY prize along. We’ll also be boosting the APY with bonus $POTS as a reward to all early partakers.

What is a Community Pot?

Moonpot’s Community section is where we partner with the best DeFi projects and communities to build more experimental Moonpots. This time, BabySwap has been selected by the community as the next Moonpot for release.

BabySwap will also inject 50k USD worth of $BABY into the new Community Pot to pump up your APY. The Baby Pot will payout prizes in both $BABY and $POTS.

There’s a 10-day Fairplay Timelock in place for Community Pots, meaning you can only withdraw your funds within 10 days of depositing if you pay a Fairness Fee of 2.5% (or less, as it reduces down to zero over the course of the ten days).

All assets deposited in the Baby Pot are sent by smart contract to Beefy Finance’s auto-compounding $BABY Vault to earn the best yield possible.

APY breakdown

The earnings of that overall yield are divided as follows:

— 50% paid to Cadets as interest

— 40% is put into the weekly BabySwap Pot prize draw

— 5% is sent to Ziggy’s Pot (sold for POTS and paid out to Cadets who’ve staked POTS)

— 3% is sent to Ziggy’s Pot for Ziggy’s Monthly Prize Draw

— 2% is sent to Moonpot’s Treasury for development fees

Cadets may notice this where Community Pots differs from our Main Pots — with 2% of the earnings from the Moonpot going to Treasury to help make the overall project more sustainable, and help pay for development fees and further growth.

But it’s important to note that change doesn’t reduce the APY on the Community Pot itself, or Ziggy’s Pot either, but comes from Ziggy’s prize fund instead.

Message us on our social media channels about what other Community Pots you’d like to see rolled out, and be sure to tag those projects too.

Twitter: https://twitter.com/moonpotdotcom

Telegram: https://t.me/moonpotdotcom

Remember, the Baby Pot is live today with APY and prizes to be earned! Injected $BABY is on a first-come, first-served basis.

play.moonpot.com/#/community