Moonpot News — 11 Oct 2021
Yet more Pots launched, new partnerships, and an ever-growing community. It’s business as usual at Moonpot HQ with great things happening each and every day. Catch up with all the latest news from Captain Ziggy and his crew thanks to the Alpha News Network.
And before we get into the recap of last week, we want to point you to some Breaking News! Side Pots with a daily CAKE prize draw were released yesterday. Learn more about Side Pots, here.
Let the POTS flow.
Binance Smart Chain shines a project spotlight on Moonpot
In case you missed it, Moonpot was chosen as one of the winners of Binance’s MVB III Monthly Stars for August. Binance Smart Chain’s official Twitter account recently posted a project profile about Moonpot as a follow up to our award. Interested Cadets can read it here. Add your voice to the Twitter thread here. This is the third edition of Binance’s competition, which seeks out to recognize and award the very best projects on Smart Chain. It’s an extremely prestigious award that has seen previous winners gone on to be listed by Binance. Having won a monthly star at the first time of asking we now have to wait until Nov 25 for the top ten projects to be announced.
Two new LP Pots launched
Captain Ziggy trusts you’ve been doing your Liquidity Pool homework as we have now launched two new LP Pots: a CAKE-BNB LP Pot, and a BIFI-BNB LP Pot. If you’re new to Liquidity Pools and LP Tokens please do your own research, and be absolutely sure you understand the risk associated with Impermanent Loss. Our Moon Academy article on this topic is a good place to start. Read it here. Again, every Cadet who stakes in these Pots will earn LP tokens as interest, plus bonus POTS, and the chance to win the prize draw every two weeks. The first winners will be announced on Thu 21 Oct with prize draws taking place every other Thursday from then on.
New POTS strategy on Don-Key Finance
Captain Ziggy is not alone in space. POTS has been added to Don-Key Finance whose community has been known to refer to it as the eToro of yield farming. The DApp lets you explore and follow strategies built by real farmers. And now includes a strategy dedicated to Moonpot. Stake your POTS, watch them compound automatically, and get up to 190% APY with $DON. If the investment strategy wins one of our prize draws then Don-Key will buy more $POTS and reinvest. A win for you with Don-Key is a win for Moonpot. Remember: life isn’t a zero-sum game, and nor is Moonpot. It can be win-win if you know how.
Third Community Pot launched — welcome to Blizzard.Money
Blizzard’s Yeti may have lost the Community Pots Battle to Paçoca, but the project’s supporters came out in such force that Captain Ziggy felt it was only right to agree to a Community Pot for the runner-up too. This last week saw the launch of our Blizzard Moonpot where Cadets can stake and earn $xBLZD. The first Blizzard prize draw will be on Tue 19 Oct, when ten winning tickets will split the prize consisting of $xBLZD and POTS. Prizes will continue to be awarded every other Tuesday. Thanks too to the Blizzard.Money team for the $50k USD of tokens we have added to the Pot as bonus earnings.
Leveraged POTS yield farming on Alpaca Finance
POTS-BUSD leveraged yield farming is now live. Open up to 2x leveraged position. Earn up to 970% APY. You can also stake ibALPAC for $221k in POTS rewards. What’s not to like?! Read more about our collaboration with Alpaca Finance on the Grazing Range via their blog here. Visit app.alpacafinance.org/farm to take part. It’s a great way to provide liquidity in support of Moonpot and the POTS price, while earning fantastic APY thanks to our new partner, Alpaca Finance.