Cadets, we hear you.
You’ve been asking for there to be more winners. So today we’re excited to announce the imminent launch of a new Moonpot. But this time with 15 winners each week.
That’s one of the good things about Captain Ziggy. They always have time to listen to the Cadets. Even when busy growing the TVL on Moonpot to 100m USD — as they did yesterday.
You know what else Captain Ziggy has been listening to recently? Gwen Stefani’s ‘Hollaback Girl’. Because this shit is bananas. B-A-N-A-N-A-S.
That’s right: the new Moonpot is for staking, earning and winning ApeSwap’s BANANA token. Join it, here.
This marks the launch of our first Community Pot, which opens to all Cadets today, with the first prize draw on Aug 31, and then each and every Tuesday after that.
Any Cadets who’ve been part of the Moonpot mission over our first month will already know we have two established Main Pots — our Cake Pot and Ziggy’s Pot.
But the Community section of the Moonpot Space Programme is where we partner with the best projects and communities in DeFi to build more experimental Moonpots, and reach new stars.
It’s a chance to help DeFi communities we love get on board the Moonpot shuttle while also listening to our existing Cadets about what new features or ideas they’d like to see tried out.
This time round that means we’ve listened to your feedback and will be using this Community Moonpot to extend the number of weekly winners to 15.
And when it comes to communities we couldn’t have asked for a brighter start than a partnership with ApeSwap — who’ve placed community at the core of their project since day one.
In fact, when we asked on Twitter for input on what our first Community Pot should be there was only one clear winner: B-A-N-A-N-A-S.
We’re pretty sure their DeFi Apes are going to go bananas for what we’ve got planned together.
Because ApeSwap are so excited about this new partnership that they’ve agreed to inject 100k USD worth of BANANA into this new community pot, which will be used to pump up your APY.
Other than that, the normal Moonpot rules and systems apply, which is to say you deposit your assets (in this case BANANA) and will then be entered into a weekly prize draw to win big money prizes paid out in crypto. The Banana Pot will pay out prizes in both BANANA and POTS.
Your deposit is always yours, and will always be returned. You will earn interest every day on your assets. The interest on this Community Pot will be paid only in BANANA upon launch.
There is a 10-day Fairplay Timelock in place to stop any naughty Cadets from trying to game the system. This means 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 Banana Pot are sent by smart contract to Beefy Finance’s auto-compounding Banana Vault to earn the best yield possible.
The earnings of that overall yield is then divided as follows:
— 50% paid to Cadets as interest
— 40% is put into the weekly Banana 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 (current prize value: $1.03 million)
— 2% is sent to Moonpot’s Treasury for development fees
The best Cadets out there will notice this is one other area where the Community Pot 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.
Because while we are always committed to helping our Cadets reach the moon with high-flying APY and intergalactic prizes it’s good to remember that sustainability is key if we want to keep the shuttle flying. No one wants to run out of fuel while exploring the stars.
Moonpot’s Mission Control is excited to be sending Apes into space as the first step on our Community Pots project. We look forward to working with other top-tier projects and their communities in the weeks and months ahead.
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
And remember, the Banana Pot goes live before the day is out. You’ve got to be in it to win it so be sure to stake and play today.