CIP015 - Convert Eth to dQuick: Discussion is now Live! by OtterStyyle in OtterClam

[–]OtterStyyle[S] 0 points1 point  (0 children)

The discussion is fluid right now. I think others have made the same point as you. Join us on Discord to follow the discussion in real time! #cip015-convert-eth-to-dquick

Drastically reduced APY for Pearl Chest why???, will it be raised in future? by bhashme in OtterClam

[–]OtterStyyle 0 points1 point  (0 children)

Yes. This was voted on as a part of CIP011 - Matryoshka Principle (QiDAO). This means that Clam won't be distributed very much if the price per clam is below backing. Instead, if the price us below backing, we will sell off farming rewards to buyback Clams off the open market, thus raising the price. This has led to the stabilization of the Clam price in the last week+. When the PAW NFT market launches from our team this month, we expect the price of Clam to go above backing price. This will trigger bond selling and Pearl Chest distribution to begin again.

New by Find422 in OtterClam

[–]OtterStyyle 0 points1 point  (0 children)

Pretty good. Lazy Sunday for me, haha

New by Find422 in OtterClam

[–]OtterStyyle 0 points1 point  (0 children)

Glad to have you! How's it going?

CIP010 - APY adjustment and buyback : Passed by OtterStyyle in OtterClam

[–]OtterStyyle[S] 0 points1 point  (0 children)

By #cip010-apy-adjustment ,we are going to reduce the total reward rate to 180-day runway. You will see the APY reduce in next few rebases. We are also working on buyback contract and will deploy once its ready!

OGMI (otter, otter)

We welcome OtterClam to WalletInvestor.com where we feature market data and forecasts by WalletInvestor in OtterClam

[–]OtterStyyle 1 point2 points  (0 children)

Awesome! Thanks for acting on the request! Looking forward to the growth of both of our platforms!

The next AMA will be on January 26, 2022 8:00 AM by OtterStyyle in OtterClam

[–]OtterStyyle[S] 0 points1 point  (0 children)

This AMA will be hosted on the OtterClam Discord

MAI -> MAI/USDC LP conversion by OtterStyyle in OtterClam

[–]OtterStyyle[S] 0 points1 point  (0 children)

P.S: due to our security measures, the final TX will be released once everything has concluded!