VenomDAO community & Viper holders,
Congratulations on being pioneers of the Harmony ecosystem. VenomDAO’s handling of everything from Governance to coding to community engagement has been consistent and professional, and reminds me of the early days of BAO. Props to 0xViper and the team for their hard work. They are serious, experienced and forward thinking, we believe VenomDAO will go the distance.
I am CryptoHydrate, admin for ROTTENSWAP DOT ORG
On March 10th, we announced that we were in testing to migrate some ROTTENSWAP functions to Harmony, and would start with pools on Viper.
Since then, our community has joined the growing Harmony and VenomDao ecosystem. We completed testing of Ethereum to Harmony bridge functions including deposits and withdraws. We also tested multiple swaps on VenomDao and had users add and remove liquidity.
We’ve partnered with Ganesha from the Harmony Bridge team to redeploy the contracts with our 2.5% deflation per transaction feature. This will allow ROT transactions to burn 2.5% ROT per transaction and replace it with MAGGOT, which will be minted as HRC20. Note: This process does not mint any new ROT on Harmony, the only ROT that can be added is ported over from Ethereum.
Once everything is in place, we have a few things planned:
- Official announcement from Rottenswap
- 4chan banner ads
- Contests including Rotten/Viper related art, and ROT and VIPER giveaways to random liquidity provider addresses on Harmony
- Seeding of ROT / VIPER and ROT / MAGGOT pool on Harmony
Our proposal to your community
- The ViperDAO team floated the possibility of a ROT / VIPER pool that would earn VIPER.
- I am proposing a 6.66x ROT / VIPER emission schedule for 1 week, reducing to 3.33x for a week, 1.11x for a week and ending up at 0.666x
- In an increase in TVL on Viper.exchange
- Influx from a new community of users
- Increased utility of Harmony and VenomDAO overall
- Increased NFT activity on Harmony including snake themed art which can be used for VenomDAO promotional posts - Rottenswap has a large community of sponsored artists
Please let me know what your thoughts are as our plans come together! Open to your feedback to improve these plans and make the integration successful.