Category: Defi Projects

We’re bringing ‘21 back.Spring is coming. Sentiment is rising. OGs are returning.We don’t want to jinx it, but it feels like 2021 again. We want to capture that feeling. So, we’re hosting a celebration of our own history on Tezos.Tacos 2.0 is next. Let’s dive in.Tacos?The history of the tezostaco.shop project is one filled with deep lore of the Tezos ecosystem. Back when your favorite Tezos founders were still in the trenches, trading new tokens in first era of DeFi on Tezos, a new project emerged from the shadows.Yep, that’s me.Before Genius Contracts, SpicySwap, Matter, ArtDEX, Tezos Cartel, and everything else, there was just Jabba. The tzTacos event was my first ever DApp and launch on mainnet.My goal was simple, create a new type of NFT with onchain metadata, and mint them infinitely to anyone who cared. The response was overwhelming, and I was hooked on Tezos development.The demand for tzTacosV1 led to tzTacosV2, which still has 20k XTZ locked in a contract (that I will someday get back with an onchain proposal). The success was a spark; I then went on a 3 day hackathon to develop and deploy sDAO/RSAL and the first yield farms on Tezos.The combination of yield farms, new tokens, and tzTacosV3 created a feverish surge of degenerate activity only exceeded by the rise of HEN. After tens of thousands of taco NFTs minted, the party finally ended, and the 3+ year journey of Genius Contracts truly began.EvolutionTacos 2.0 is a celebration. We can feel the recent energy surging back into the Tezos ecosystem, and we want to contribute. Further, there were some missed opportunities with the original tokenomics of the tzTacos event that we can improve on.The essence of the Tacos meta-game will not change. This is a PvP market, meaning that you are competing with other degens for your rewards.Please understand this before playing. It sounds scary but the buy-in costs will be low, so you’ll be able to join and interact with low risks.Player vs. Player (PvP)The core facets of the Tacos 2.0 PvP game are Minting and Farming. Mint Tacos and you’ll be able to pair your them with XTZ and provide LP in ArtDEX Earn to receive rewards.This pathing is similar to the tzTaco > RSAL LP farming path in the original tzTacos project. This time around we will be using the NFT LP farming system on ArtDEX, so there is no need for an extra intermediate token.Just like the original, the price of Taco NFTs will start at very small number and increase after every purchase.The other facet to this PvP market is that some users can choose to play by buying Taco NFTs and selling them into the LP on ArtDEX. This is expected, and should be understood by players before playing.RewardsWe are going to sponsor a pot of rewards for players.The initial farm on ArtDEX will be loaded with 500 WTZ, emitted over 1 month. Once the primary farm completes, we will load up a 3 month farm with 500 SP Crystals.Bonus for Taco holders.Again, this is a PvP market where other users can sell into the liquidity on ArtDEX. This means there will be Taco NFT bagholders at the end of all the farming, and we want to make sure they are taken care of.Once all farms end, we will apply 1000 SP across all existing Taco 2.0 NFTs. This ensures that holders get rewarded, in addition to short-term farmers and PvP sellers.Ex: If there are 10000 Tacos, each would gain 0.1 SP.A New LookWe want to touch on an important organizational update.One of our close contacts recently started up a small graphic design group, and we’ve been in the background trying to get them to help out GeniusTeam with our various projects.We’re proud to announce that this new team will be joining GT as a partner, with Tacos 2.0 being the first project they’re helping on. We’re excited to build an updated Tacos game with their help.—Tacos are back and tastier than ever 🌮️Keep following, and stay tuned for updates. Thanks for all the support!GC

GC Drop — The GameHubFrom Vegas, with love.Hello Geniuses! We hope you enjoyed your holiday season. Over the last few weeks, we’ve had a very Merry Shipmas! During Shipmas we’ve celebrated the Tezos community by shipping ArtDEX Earn, ArtDEX Auctions, Liquify, new features on SpicyHD, infrastructure updates, and more!The best part? Shipmas isn’t over.We’re proud to announce that a new casino is coming your way! Read on for all the details.The InspirationWe’ve wanted to re-open the SalsaDAO Gaming Hall for some time. After a recent team trip to an AWS re:Invent conference in Las Vegas, we were inspired by the bright lights of Vegas to rebuild our gaming hall from the ground up.Our goal is to bring Vegas to Tezos with a fresh new UI and new incentive structures.Under New ManagementTezos Cartel x Genius ContractsWith the rebuild, we needed a rebrand. In 2023, we started a general partnership with the Tezos Cartel team to support their project from the technology side.The GC team agreed that the Tezos Cartel brand would be a perfect home for the new casino. We’ve already launched their CartelID membership NFTs on ArtDEX, and we are assisting with the upcoming PFPHaus project, slated for early 2024 release.We’re happy to announce this expansion of our partnership, with Tezos Cartel becoming the new operations team for the rebuilt casino. The new casino will sit on the Tezos Cartel HQ website, and the TC team will be responsible for support, casino challenge events, and player rewards.The GameHubWhile the TC team will be managing operations, GC is still developing the new smart contracts and SDK, as part of the SalsaDAO GameHub protocol. The GameHub is an update to the previous Gaming Hall contract, so users can be assured our battle-tested core features still stand strong.Let’s review what’s new.Global GPPreviously, we tracked GP per currency and paid out players according to their amount of GP in each currency. This incentive structure was too tilted to early players, who could get cheap GP early and farm fees without playing anymore.We’ve changed GP to be a single global value per address, and you’ll only get global GP when you play with certain currencies. Going further, there will be no more automatic payouts for simply having GP.Player IncentivesWith GP payouts deprecated, we are launching new player incentives that are more aligned with the casino experience. The Tezos Cartel team will be in charge of distributing recurring airdrops to our most loyal players, in addition to running events like short-term GP Weekend contests.We will also be adding new negative house-edge games, where the user has a positive expected return from playing, rather than the house. Playing reverse-edge games will require burning one GamePass NFT per play; the GamePass will be one of the key rewards airdropped to players by Tezos Cartel.Along with reverse-edge game passes, players will be rewarded with SP-enabled NFTs that can be used to farm fees from SalsaDAO DApps.SalsaDAO VIP BenefitsGP payouts have ended, but we are keeping the bankroll invest & divest fees. These fees will now be routed to SalsaDAO VIP Staking, similar to ArtDEX trading fees.This brings new utility and earning potential for both $sDAO stakers and SP-enabled NFT holders. To support our VIPs, we are building a new VIP staking portal that will help users manage and claim their earnings.Hosting FeeTo support the ongoing development and operation of the new Cartel Casino, we’ve added a small hosting fee. The hosting fee is essentially a minor tax on the house-edge. GC and TC will split this fee.The fee only applies on house wins, so players will never pay the hosting fee.—The best casino on Tezos is coming back in force!We are at the 90% completion mark and will be shipping to mainnet in just a few days. Follow Genius Contracts and Tezos Cartel on Twitter!GC

GC Drop — ODDITYPerpetuals are landing on Tezos!Hello Geniuses! Today is a great day in the SalsaDAO empire. Markets are looking brighter every day, and the all the work that the GC team put in over the bear market is gaining traction. ArtDEX Earn and ArtDEX Auctions are undergoing code review and will be shipping imminently!We are incredibly proud of all the features & upgrades we’ve shipped in 2023, and today we have even more good news for those who follow our project.The ODDITY.fi Ghostnet Beta is LIVE!Our new perpetual markets protocol brings a popular DeFi primitive to Tezos. If you want to try our first test market, visit the updated beta site. Otherwise, let’s dive into the new information.Combining ForcesODDITY x Genius ContractsWondering why this news is being released on the GC Medium?ODDITY is joining Genius Contracts!GC will be taking on the ODDITY brand, project development, and long-term scaling. We want to thank the original ODDITY team for thinking up this idea and creating the ODDITY branding.We’ve come to an agreement to have the original team stay on to help us find new markets and API feeds. This is the best solution for both parties, combining GC’s DApp experience with the ODDITY team’s expertise on APIs & data analytics.What is ODDITY?The goal of ODDITY Finance is to offer perpetual prediction markets where users can bet on a number going up or down. Most perpetual platforms host markets where you can bet on the price of certain crypto, like Bitcoin or Ethereum.ODDITY markets will be a bit more exotic. 🙂ODDITY relies on off-chain data.When we say exotic, we are talking about creating prediction markets that are not solely based on cryptocurrency price fluctuations. We will be leveraging the Acurast platform to deliver API data from all sorts of industries.Sports, weather, government… as long as there is a number that moves, ODDITY can host a prediction market. Our main value proposition is offering exotic markets that no other platform else has, on any blockchain.ODDITY DevelopmentWe’re proud to announce that we’ve completed the core smart contract that acts as the engine for ODDITY prediction markets. This engine is completely fresh and built from scratch, using a pool-based architecture for efficient management of pool shares and funding rates.The Ghostnet Beta is fully functional: we’ve already built the contracts, indexer, API, and Test UI. Funding rates are active on our test market, so you can see what our perpetuals will be like on mainnet. Our test market tracks a 2-hour XTZ price TWAP, we’ll be adding more soon.As of now we are working towards polishing the codebase and raising money to pay for an audit of the ODDITY engine.⚠️ We are planning an incentivized Ghostnet contest where users will compete in P&L contests to win mainnet NFTs & $sDAO. Keep following us for more info.ODDITY RoadmapWhile we are excited about building & shipping ODDITY, we are not ignorant to the DeFi situation on Tezos. The Tezos ecosystem lags heavily in number of DeFi users, which leads to low volume and participation. Keeping this in mind, we will be going slow and steady for ODDITY.We are not funded with millions in VC dollars, ICO funds, or grants, so we have to be smart about how we develop this software.Our plan is to go to mainnet with our core offering, monitor traction within Tezos DeFi, and then adjust our plans according to the response.Don’t panic!We’ve designed the contract to be modular and upgrade-friendly. This means we can rapidly deliver major upgrades to ODDITY in 2024, as we gain traction. What we want to deliver 👇🛠️ Margin & Leverage🛠️ Multi-Collateral Deposits🛠️ Multi-Option MarketsView our detailed roadmap on the ODDITY Ghostnet Beta.—Here at GC, we are very excited to develop and scale ODDITY. The perpetual contract is a popular new DeFi primitive that has not yet been explored in earnest on Tezos.We believe that ODDITY will be key to attracting new users to Tezos DeFi. We hope you’ll support our journey and try the Ghostnet Beta.Follow GC and ODDITY on Twitter for all the latest updates.GC

The timeless alliance between financial institutions and art finds a modern, blockchain-driven expression through the ‘Plenty Collection’. We not only celebrate the global diaspora of artistic creativity but also reinforce our commitment to fostering a community-centric financial ecosystem. The journey from ‘naan collection’ to ‘Plenty Collection’ is a testament to our evolving narrative, one that resonates with the ethos of inclusivity, innovation, and a deep-rooted appreciation for cultural and artistic diversity.About a year ago, for our mobile wallet naan (now rebranded as Plenty Wallet) we started collecting Art on Tezos under the name ‘naan collection’. Curated by the discerning eye of Varun Desai, or Varundo on Twitter, this collection was more than a mere assortment of NFTs. It was a loud cheer for the artists on Tezos, a spotlight shone on the flourishing Tezos art realm. It was an exploration that began with a nostalgic delve into the roots, heralding the creations of Brazilian artists and the vibrant marketplace of hicetnunc. The journey meandered through the empowering Girlsgang event, lauding the artistic prowess of female and non-binary artists, particularly in the realm of photography. The third phase was an ode to the ingenuity of coders within Tezos, illuminating the world of generative and interactive art.As we transition to the ‘Plenty Collection’, we are thrilled to announce ‘phase 4’ of this unique curation. Varundo now turns his focus towards the Indian subcontinent, coinciding with the 2nd annual 9nights event — a marathon minting festivity celebrating the Indian Navratri. This phase is a kaleidoscopic venture into the colors and creativity stemming from the Indian and South Asian diaspora, illuminating the rich tapestry of traditions, narratives, and artistic expressions. As the 9nights event unfolds, a vibrant array of artwork celebrates not only the Indian Navratri but also the broader spectrum of human creativity and cultural heritage. This curated collection transcends geographical boundaries, embracing contributions from artists hailing from various regions who have participated in this year’s 9nights event, thereby fostering a global dialogue of artistic exchange and appreciation.Plenty’s stride into the realm of art, akin to traditional financial entities, marks a significant stride towards fostering a holistic, culturally rich, and inclusive DeFi ecosystem. As we relaunch the ‘Plenty Collection’, we reiterate our commitment not just to financial innovation but to a vision that appreciates and integrates art and culture as vital facets of the decentralized financial narrative. Join us in this exhilarating journey as we explore, celebrate, and invest in the cultural and artistic diversity that the Tezos ecosystem so uniquely offers.About PlentyPlenty V3 features Concentrated Liquidity: a revolutionary approach that allows liquidity providers to allocate their capital within a specific price range. Plenty allows swaps on uncorrelated assets, and low-cost, near 0 slippage trades on tightly correlated assets. Plenty also features a built-in bridge from Ethereum and Polygon to Tezos. Plenty Wallet is a fun, simple, and secure way to explore the new world of Web3 on iOS and Android.PlentyJoin the Plenty Discord Server!DeFi 💜 Art: The Journey of the Plenty Collection on Tezos was originally published in Plenty on Medium, where people are continuing the conversation by highlighting and responding to this story.

Today marks a monumental milestone in our journey towards a more decentralized and efficient financial ecosystem. We are thrilled to announce the launch of Plenty V3, a groundbreaking upgrade for more capital efficiency in Tezos DeFi.The cornerstone of Plenty V3 is Concentrated Liquidity: a revolutionary approach that allows liquidity providers to allocate their capital within a specific price range. Unlike traditional models where liquidity is spread uniformly across an infinite price curve, Plenty V3 optimizes the use of capital.In traditional pools, much of the liquidity remains untouched. Plenty V3 allows liquidity providers to focus their capital on specific price ranges. This results in deeper liquidity at those ranges, enabling traders to get better rates and liquidity providers to earn more fees. We refer to this as a “position,” and providers can have multiple positions per pool.https://medium.com/media/6ba4e732cf493d8945327a0557d5229c/hrefActive LiquidityIn Plenty V3, liquidity becomes “active” or “inactive” based on the asset’s price movement in relation to the set price range of a position. When the asset price moves out of the position’s range, the liquidity becomes inactive and stops earning fees.This dynamic nature of liquidity allows for a more efficient market, as liquidity providers are incentivized to keep their liquidity active. They can do so by setting multiple positions at different price intervals, thereby letting the market naturally determine the most efficient distribution of liquidity.Your liquidity position in V3 is represented as an NFT!TicksTo facilitate concentrated liquidity, Plenty V3 introduces the concept of “ticks,” which serve as the boundaries for each price range. A tick represents a ~0.005% change in price, and liquidity providers must choose the upper and lower ticks for their position.The smart contract for the pool will continuously swap assets within the current tick range until the next tick is reached, at which point any dormant liquidity within the new tick range becomes active.Tick spacing is directly related to the swap fee, allowing for a more flexible and efficient liquidity provision.Range OrdersPlenty V3 introduces a novel approach to swapping through automated market makers (AMMs) with the concept of Range Orders. This feature allows for customizable liquidity positions and single-sided asset provisioning, offering a mechanism similar to traditional limit orders.In conventional order book markets, limit orders can be set to buy or sell an asset at a predetermined price, to be executed at an unspecified future time. In Plenty V3, you can approximate this by providing liquidity for a single asset within a specific price range. Once the spot price crosses this range, the target asset becomes available for withdrawal, effectively executing the range order.Unlike traditional markets where limit orders might incur fees, range orders in Plenty V3 generate fees for the liquidity provider as the order gets filled. This is because range orders are technically a form of liquidity provisioning.FeesUnlike in Plenty V2, fees are not allocated to veNFT holders for voting but are manually claimed by liquidity providers. We’ve also introduced multiple pools with varying fee tiers, ranging from 0.01% to 1%, allowing for tailored strategies based on asset volatility.Introducing the fastest analytics for Tezos DeFiWe’re excited to share that Plenty V3 now features the fastest analytics on the Tezos blockchain! We’ve overhauled our analytics engine to provide real-time insights that are second to none.Whether you’re a liquidity provider looking to optimize your strategies or a trader seeking the best execution prices, our state-of-the-art analytics will give you the edge you need. With lightning-fast data retrieval and intuitive visualizations, you can now make informed decisions quicker than ever.This is more than just an upgrade; it’s a game-changer in how you interact with decentralized finance on Tezos.Plenty analyticsWe created new tools for devs!Plenty’s Unified APIPlenty’s Unified API offers a comprehensive resource for accessing extensive information about all aspects of the Plenty ecosystem, encompassing both the v2 and v3 decentralized exchanges (DEX) as well as the vote escrow system. This unified API simplifies the process for developers to retrieve specific data related to Plenty’s applications, facilitating the creation of a wide range of services and applications on top of Plenty.Welcome to Plenty’s Unified APIPlenty V3 SDKA V3 SDK for Typescript developers. It simplifies interaction with Plenty’s segmented CFMM by offering essential math utilities and operation object creation for tasks like swapping, liquidity management, and staking positions in farms.@plenty-labs/v3-sdkOur analytics has been upgraded and stronger than everWhats next?The launch of Plenty V3 is just the beginning. We are continuously working on adding more features and improvements to make your DeFi experience seamless and rewarding. Stay tuned for more updates, and thank you for being a part of this revolutionary journey.We invite you to experience the future of decentralized finance with Plenty V3. Together, let’s take control of our financial destiny and pave the way for a more equitable world.About PlentyPlenty Labs is building an all-in-one decentralized platform on Tezos. Plenty allows swaps on uncorrelated assets, and low-cost, near 0 slippage trades on tightly correlated assets. Plenty also features a built-in bridge from Ethereum and Polygon to Tezos.PlentyJoin the Plenty Discord Server!A Revolution for DeFi on Tezos, Plenty V3 is live! was originally published in Plenty on Medium, where people are continuing the conversation by highlighting and responding to this story.

Plenty, a leading decentralized exchange and automated market maker (Dex & AMM) on the Tezos blockchain, has joined forces with the Tezos Domains team to ensure a smooth launch of the Tezos Domains (TED) token.Tezos Domains is a crucial element of the Tezos ecosystem and a key driver behind the thriving non-fungible token (NFT) market. The upcoming launch of the TED token will see Tezos Domains transition to a decentralized autonomous organization (DAO) governance model. The Tezos Domains team plans to distribute the TED token to the community via an airdrop method, similar to what Plenty successfully executed prior to its own launch.Through this strategic partnership, both projects will bring significant value to the Tezos ecosystem in the following ways:The TED token will launch exclusively with initial liquidity on the Plenty exchange, providing a solid foundation for trading and exchange.Plenty will feature TED bribes and pools, with specially boosted PLY bribes for the first two weeks of launch on its platform, which will encourage liquidity and trading volume.Tezos Domains will utilize the Plenty platform to offer TED bribes that incentivize market-making and liquidity growth of the TED token, benefitting both existing and new holders.Plenty will also put a bribe for TED token pools in PLY and Tez both, making the TED pools the most rewarding in the market.With the listing on Plenty, the TED token will be immediately available on major price-tracking platforms, including Coingecko.Plenty team will also help launch a Plentyv3(Uniswapv3 alike) pool, once it is ready, for TED token for greater capital efficiency which will make trading of TED token more lucrative even with relatively smaller liquidity.“We are thrilled to partner with Tezos Domains to support the successful launch of the TED token,” Bernd Oostrum, Co-founder Plenty Labs. “This collaboration will provide a significant boost to the Tezos ecosystem and enable a new wave of innovation within the NFT market.”“We are genuinely excited to have the opportunity to partner with Plenty Network for the upcoming launch of the Tezos Domains DAO,” Andrew Paulicek, Co-founder Tezos Domains. “This partnership is a significant milestone in our journey as it not only strengthens our position in the market but also provides an unparalleled platform for growth and innovation. Moreover, this partnership signifies our shared commitment towards enhancing the Tezos ecosystem. We’re thrilled to be contributing to the ecosystem’s growth through the launch of the TED token.”About PlentyPlenty is a decentralized exchange and automated market maker (Dex & AMM) built on the Tezos blockchain. The platform offers fast, secure, and low-cost trading for a wide range of digital assets. Plenty is designed to empower Tezos users with fast, secure, and low-cost trading services, providing them with greater control over their assets.About Tezos DomainsTezos Domains is a domain registrar and hosting service built on the Tezos blockchain. The platform offers secure, decentralized, and censorship-resistant domain names and websites for users on the Tezos blockchain. With the launch of the TED token, Tezos Domains is transitioning to a DAO governance model, enabling community-driven decision-making and development.Plenty Announces Strategic Partnership with Tezos Domains to Support Successful TED Token Launch was originally published in Plenty on Medium, where people are continuing the conversation by highlighting and responding to this story.