EFi Update Announcement

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Dear community, DolphinSwap has been launched and has been running steadily for a week. We have achieved 4 days of lock-up funds exceeding 10 million EOS. The current lock-up amount has reached 11.6 million EOS. We are very grateful for the support of the community and we will continue to create better products.

As DolphinSwap is still in its infancy, in order to make DolphinSwap more healthy and sustainable, we will make the following adjustments to some of DolphinSwap’s parameters:

1. Mining pool adjustments :

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Estimated launched time:

2020–10–26 11:00 UTC

2. DolphinSwap mining distribution adjustments:

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This adjustment reduces the part of liquidity providers and the part of developers, and increases the part of DOP staking vault and market operations. The DOP staking vault is expected to be opened on 2020–10–26; Marketing operation, the first 3 months will be used and managed by the developer, the usage will be announced once a month, and it will be managed by DAO after 3 months; all community developers, marketing operation team, community builders can apply for this part of the fund.

Estimated launched time:

2020–10–28 11:00 UTC

3. DolphinSwap trading fee distributions:

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In this adjustment, a small part of the trading fee will be allocated to developers; DOP and DMD have opened irregular buy back, and the DMD-DAO voting will be initiated within 2 weeks. The repurchased DOP has not undergone any processing for the time being, and a voting decision will be made after DOP-DAO is opened.

Estimated launched time:

2020–10–28 12:00 UTC

4. DMD Buy Back Fund:

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5. DOP Staking Vault:

DOP will open the staking mining feature. Users stake DOP to get DOP. DOP staking reward comes from 10% of DOP liquidity mining output. Since the current mining pool has accumulated a certain amount of DOP, the hourly reward output is 0.1% of the total mining pool, which will be allocated once an hour. The DOP staking vault is different from the diamond vault, and dDOP will not be issued after the users stake DOP.

Staking time and weight:

Estimated launched time:

2020–10–26 13:00 UTC

6. BG(BigGame) Vault

The user deposits BG to the vault and obtains the dBG token. The vault stakes BG to the biggame platform to obtain staking income. The BG token obtained every hour is returned to the vault as the value-added part of dBG; the EOS income obtained every hour will be immediately distributed to the users who hold dBG, and the user needs to go to the vault to claim this part of the income. dBG will be able to trade in Dolphin swap and participate in liquidity mining.

Similar to dEOS, deposit BG to get dBG.

Deposit 1 BG, the formula for obtaining dBG: 1 * (current total dBG) / current total BG funds

BG uses an appointment to retrieve it. Click Appointment Retrieval, send dBG to the contract, and generate a retrieval order. It is estimated that the retrieval will be completed within 1 hour, and the retrieved BG will be sent directly to the user account.

Income Distribution:

1. For EOS, 90% will be distributed to users and 10% will be exchanged for DMD (3% to developers; 6% to buy back DMD; 1% strategy fee)

2. In the BG part, 90% is added to the warehouse, 10% is exchanged for DMD (3% to the developer; 6% to buy back DMD; 1% strategy fee)

Estimated launched time:

2020–10–29 12:00 UTC

7. Community and Governance

Due to the large amount of community messages at present, many good ideas are easily washed away by the messages flow, and the same question may also arise that community users have put forward many times.

Therefore, we have developed a forum for the community to communicate ideas, proposals, fund applications, etc. At the same time, the output of related documentation and tutorials is unified.

Estimated launched time:

2020–10–29 12:00 UTC

Written by

To build an all-inclusive DeFi DAO & ecosystem on EOS.

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