Hello Spongers !
Know that Layer 2 has just been released, and here are the few changes from Layer 1 :
Hello Spongers ! So it is finally ready, our very long waited layered farming feature. Goal of the article is to give you details about fees distribution but also the initial pairs and multipliers for this first layer.
I invite you to read last medium article which introduce the concept of the feature. Link: https://decentralized-stef.medium.com/why-sponge-finance-layered-farming-will-save-the-world-b134fc44d1bb
Anyway here is a short description of our ‘Vampire’ Layered Farming feature :
Spoilers : it won’t 💩 ! But you should definitely check why this a way better than what you expected !
Basically most of you know how layer farming works, but just a quick reminder :
Hello Spongers, this article will be short and without gifs (Whaaat nooo !). The goal here is to explain you why we will close the Steamer (the contract that burn your $SOAK for $STEAM).
Basically since Steamer is open, we identified lot of transactions of people just taking advantage of Steamer for taking profits, creating a huge sell pressure on both $STEAM and $SOAK.
The heavy link done by the Steamer between $SOAK and $STEAM has basically dragged price down for both assets. In an other hand this could have been dragging the price up if one of the assets…
Hello Spongers ! I think it’s time for a new Medium article, explaining a few changes and the next steps coming for Sponge Finance !
Yeah we finally made it ! SPG supply has been finally 100% released !
If you remember 2 months ago we provided 80% of SPG supply to the Tenet farm. Now that the farming is finished this means no more new SPG emitted by farming, which means much less sell pressure !
What does it really means ? Basically now $SPG is a fully circulating with limited supply coin, with a passive yield via…
The very last token of Sponge finance & a whole new feature are coming soon !
Hello Spongers, Decentralized Stef speaking ! Happy Valentine’s day 🥰!
Today I’ll talk about the next step for Sponge Finance !
But before that, I would like to thanks our community and our partners that let us grow in a unexpected way !
Basically we were not expecting $SPG to rise before the end of the farming and that the supply is fully circulating (which will happen in less than a month from now !). …
New token and our own dapp will be out within the next hours !
Hello Spongers, it’s Decentralized Stef again, and today we have a lot to introduce !
Sponge token was launched one week ago at 0.2$ it mooned to 8$ and is not back around 2$… And still with some insane Quad APR% I would say this is a really nice start, and NoJob.Finance team is really happy with the results.
We also had some good stuff done this week :
And we had our first partnership with https://traphouse.vip/ offering you two things :
Hello folks ! It’s Decentralized Stef speaking, passionate DeFi investor, trying to upgrade to DeFi ‘fun’ provider ! I’m not alone we are a team of 3 for now, and hopefully my mates will introduce themselves soon !
So first we want to insist on full transparency ! And we have to admit that it’s our first project out there, that’s why we will keep it simple, but still fun and potentially super rewarding !!!