Update #3 — Levinbar, Farming, NFTs and More
Farming has been launched for almost a week now. Results that we got from farming exceeded our expectations. We’ve reached $500,000 in liquidity, price hit new ATH at $9.00 and there’s been an influx of new users onto our platform.
Today, we’re announcing few new pairs which users will be able to farm, which include:
LEVIN/WXDAI — weight 200 (40%)
STAKE/WXDAI — weight 100 (20%)
STAKE/LEVIN — weight 100 (20%)
REALT S 19596/LEVIN — weight 50 (10%)
REALT S 5601/LEVIN — weight 50 (10%)
Weight refers to how much LEVIN tokens each pair gets every block.
Reminder: Farming pools will be updated once every week on Friday at 8 PM UTC.
Next week we’ll be releasing Levinbar — staking platform for LEVIN holders.
Users will be able to stake their LEVIN, acquired either by buying or farming, and earn share of the 0.05% swapping fee that Levinswap imposes on its trades via App.levinswap.org. Here’s a sneak peak:
Concerns have been raised by the community members regarding specific wallet — the DAO wallet, which held 2,750,000 million LEVIN tokens, as well as tokens that the team holds. As many of you know, we’ve partnered up with RealT, tokenized real estate investment platform and as a way for two projects to bond together a lot more and to give LEVIN community members and investors ease of mind, we’ve locked up 2,750,000 LEVIN in a multisig Gnosis safe wallet.
2 members from Levin and 2 members from RealT are in control of the wallets responsible for signing transactions, with threshold being 3/4. We’ll do our very first governance voting via Snapshot (more on that below) on the multisig — changing 3/4 to 4/4.
Gnosis safe wallets:
Gnosis Safe address — 0x756d2091Ef8b721B8110f2aA7659b5eA291D2722
As for tokens that the team is holding, we’ve locked them up in following contracts:
LP providers (active):
Timelock contracts are verified on Blockscout.
We’ve created our very own space on Snapshot. After our PR request has been accepted, LightningDAO Snapshot will be fully set-up and we’ll start utilizing it.
What is Snapshot?
Snapshot is an off-chain gasless multi-governance client with easy to verify and hard to contest results.
- Creating a proposal and voting is free no transactions
- Proposals and votes are just signed messages, stored on IPFS
- Signatures are easily verifiable online it uses the “eth_sign” format
- They don’t have any token
- It’s free to create a space it takes 5min
- Spaces can have their custom domain name
- Spaces can have their own skin
- Fully open source with MIT license
- They don’t use any tracking or ads in our site
At Levinswap, we’ve been discussing NFTs. What purpose does it have, how can we integrate it into Levinswap’s ecosystem, so that it benefits it and doesn’t become a speculative asset, like many NFTs have.
We’ll be sharing the details in the coming weeks as we develop and polish the system.
Don’t forget to join our Telegram chat — https://t.me/levinswap
Discord — https://discord.gg/vpFjHHrhM3
Twitter — Levinswap (@levinswap) / Twitter