Weekly Roundup by Team Kujira: Ep.31

Gm everyone! As we are taking over the roundup while KP goes through exam hell, we thought we would look at some empirical data and statistics (rather than all that humor and nonsense KP usually puts out).

We conducted some high-level in-depth analysis of reader sentiment over the month of April using sophisticated tooling. In chronological order, the ratings by week were:

Week 1. WahWahWeeWah (we interpreted the data to mean excellent)

Week 2. Meh = (average)

Week 3. Meh

Week 4. Meh

Week 5. PANTZ (below par).

Imagine our incredulity when we overlaid this with KPs favorite metric below. We think you will agree that the results speak for themselves!

This bumper edition summarizes all Kujira-related news over the last 3 weeks, keeping you up-to-date and informed with some flavor. We’ll be back to the weekly releases in 7 days (but you’re still stuck with us for a few more weeks).

Written by Daniel Lux with humor sourced directly from Oldboy himself.

Ghost Games Funded by Community Pool

Ghost Games will be bringing Binary Options to Kujira — in the form of single play and multiplayer — allowing users to place bets on whether prices increase or decrease over a set time period (and including social features such as in-game chat). With Kujira’s new price oracles safeguarded by our validators, we are extremely happy to welcome F.N. Ghost, creator of GITC and Ghost Games, to the fold.

From the Senate Rostra

We are still finding our groove with multiple time zones, other commitments, kids, wives, iguanas, and bling (ok, no bling).

A typical week centers around our planned weekly meeting. And we arrange additional sessions if a protocol wants to chat.

In general, we rotate our meeting chair weekly so all members get a chance to wear the toga and laurel wreath. Preparation has been steadily growing more involved as we navigate weekly meetings, TG, discord, and other comms — but work continues steadily. We have seen more end to end proposals and have been razor focused on streamlining the process.

Blend has been our hot topic these past two weeks.

DCA From LUNA to KUJI Using CALC

Calculated Finance has done it again. Last time they hit over 1000 vaults — this time they’re adding yet another way to DCA into KUJI as they create one of the strongest financial toolboxes on any chain piece by piece.

FIN Autowithdraw/Autoclaim

Have you ever wanted a way to skip claiming filled FIN limit orders? Well, thanks to SeaShanty, it is now possible to enable auto claims on FIN. This needs to be done per trading pair — but once you do it for a pair — until retracted, it’s available forever.

New FIN Pairs

We have added a bunch of new pairs to FIN allowing users to trade that many more assets.

We have added new USK pairs for ARB, PEPE, AKT, MNTL, CRE, FLIX, REGEN, SOMM, LUNC, and RAC.

USK stATOM Mint Cap Raised

The USK stATOM collateral mint cap has been raised to 400K in light of the ever increasing demand for liquid staking derivatives as collateral. With Amit up to something exciting, we might have more interesting news to share on that front in the future.

Narwhal Casino Teased

“First game in the Narwhal Casino is right around the corner, so keep your eyes peeled.” How exciting! Supposedly we’ve heard 25% revenue share teased to Kujira Stakers. YUGE if true.

1.346+ Million KUJI Locked in Kujira Amplifier

Eris Protocol has released an absolute bombshell of a product — with locked KUJI reaching almost 1.35 million just a few weeks after launch.

Furthermore, with the recent launch of ERIS’s Amp Governance, ampKUJI holders can vote on which validators receive Amp delegations and participate in regular Kujira governance via weighted voting.

WinkHUB and WINK Pilot Sale

Kujira is getting a content hub brought to you by Kuji Kast: WinkHUB!

The content epicenter of Kujira. Home to influencers, writers, filmmakers and content creators who promote Kujira or do their thing with the Kujira brand integrated into it. A place where creators showcase their films, documentaries, educational content, blogs, podcasts, livestreams and art; whatever amazing dreams they have made into reality! It’s more than a gallery. It’s ALSO a marketplace. A space where creators submit proposals for concepts they want to bring to life. The $WINK token is used to vote on which content proposals are approved; anyone can pitch their idea to the community. Stakers vote to approve and funding is provided via $WINK from the treasury. Stake $WINK to have your say on what content is made and who makes it!

The WinkHUB is also a talent pool Protocols browse to source creative partners who can satisfy their marketing, advertising and brand needs. A space where they can create contacts, review portfolios, and put up Requests For Pitches (RFPs) for the creative they need. $WINK can be used to tip, donate & follow your favorite creators (not unlike a Patreon). An economy of content with $WINK as the currency.

Revenues generated by the platform will be distributed to KUJI stakers, $WINK stakers & the treasury to invest in further growth (things like fees for creator incomes, profit share of projects that are funded, sponsorships, protocol partnerships etc.).

We’re super excited to see what the bois are bringing to the table. It certainly looks spicy with its upcoming PILOT public sale in a week. (May 16–18th — Wink On Winkers)

MantaDAO Testnet

MantaDAO, the Kujira community DAO headed by Mike, focused on fundraising and building new technologies for Kujira such as MantaSwap — a hyper-efficient liquidity router — has launched its Testnet! Mike’s already built out swap, vault, and rewards tabs for the DEX as well as dashboard, treasury, existing proposals, and create proposal sections for the DAO.

MNTA is aiming to be the most decentralized DAO in DeFi and has 5% of its supply circulating. The remaining 95% of the supply and MNTA’s tokenomics are up to MNTA governance stakers to collectively shape and distribute however they’d like. MantaSwap which will be built on top of FIN will not only allow for extremely low slippage swaps of large amounts of tokens, but also make it simple to swap between any two tokens on FIN even if they have no direct pairs.

Cheeky alfalfa from Mike — “Expect Mainnet sooner than you think!!”

Kuji Available on Arbitrum

We want to give a huge thanks to Jason Ma from Axelar and Brob for making KUJI on Arbitrum a reality. Brob has single handedly provided over 26K KUJI of liquidity on Arbitrum–and our team will match that liquidity soon.

Arbitrum is one of the most cutting edge crypto scenes right now. And we are more ecstatic to be part of the party. When enough Kujira volume moves through Axelar’s bridge in the future, we’ll be excited to see USK added to Satellite. That day can’t come soon enough.

Bfit Pre-Seed Sale Announced

Now that peeps are more familiar with BFIT as well as their intention to fundraise in a token sale. BFIT have figured out a more detailed plan for their raise. Their token sale will be split into 3 different rounds: Pre-seed, Seed, and Public.

The first round ‘Pre-seed’ will take place over the next 22 days here where you can use USK, USDC, or USDT to buy BFIT tokens at $0.08, which is at a 50% discount from their target price of $0.16. There are 4.375M tokens being sold in the pre-seed round. The token sale is happening on Plasma courtesy of Fuzion.

The duration of the second round ‘Seed’ hasn’t been decided yet, but 10% of BFIT’s supply (12.5005M tokens) will be sold at a 20% discount i.e. at $0.128 per token.

The public round’s duration details are still in progress. In this round, 20% of the BFIT token supply is being sold (25.001M tokens) at $0.16 each.

We are looking forward to the outcome of this token sale for early BFIT supporters and newcomers alike.

Launch of Kujira News

KujiDAO is bringing to you Kujira News — a news meta aggregator for Kujira that provides real time up to date announcements about pretty much everything happening in our ecosystem. Planned network upgrade coming? New governance proposals live? Alpha leaked by a team member? Twitter Spaces happening somewhere? Fancy new threads with important details? All of that + more, as well as the weekly roundups are being fed into Kujira News multiple times a day, every day. Join us here!

Ghost Money Market & Orca Overhaul

The next pieces of Kujira’s DeFi base layer are GHOST and ORCA V2.

GHOST brings leverage to Kujira allowing margin long and short on all FIN assets including KUJI setting the stage for future perpetuals and FX trading. Since lending kicked off on April 19th and borrowing on April 24th respectively, Ghost has amassed over $2.63 million worth of total value locked in the platform. With the advent of GHOSTly xAssets, users get paid to lend assets to GHOST, based on the underlying borrow demand on the platform for those assets. This APR changes over time, but x-assets like xKUJI, xUSK, etc. only accrue more value over time. Current USK lend APR is 14% as of the time of writing.

GHOST lets you put all sorts of assets to work. Borrow against your KUJI, borrow USK against USDC up to 95% risk ratio, or short any asset by lending stables and borrowing that asset against your USK and then selling it to buy more stables. Since launch, GHOST has listed KUJI, USK, ATOM, axlUSDC, OSMO, gPAXG, stATOM, LUNA, DOT, wBNB, wBTC, stOSMO, wETH, AKT, ARB, wAVAX, CRO, FET, wFTM, wGLMR, INJ, JUNO, LUNC, and wMATIC as available tokens for lending and borrowing. As a part of this, axlUSDC can now be borrowed against 11 different assets on GHOST. And this is just the beginning.

Along with GHOST’s release, ORCA has gotten a massive overhaul as the two applications are intimately intertwined. For each GHOST pair of possible lent collateral and borrowed assets, there exists a unique ORCA queue settling liquidations for that GHOST token pair. There are now many different ORCA markets with many different opportunities. And each of these token pairs has two sides since for example with KUJI & USK, USK can be borrowed against KUJI or KUJI can be borrowed against USK. ORCA has been supercharged by GHOST with the possibility of seeing many more liquidations from use of leverage on the Kujira network.

However, the most exciting aspect of ORCA V2 is short markets. Bid on USK or axlUSDC with xKUJI (yield bearing KUJI), xATOM, xampKUJI, or whatever you’d like to use. Earn yield while you wait for bids to hit. No more worrying about setting bid activation conditions. We have full control over our own blockchain’s stack–and have been able to optimize ORCA to our network. Bids now autoactivate. Furthermore, using ORCA to liquidate shorts and bid in xAssets is equivalent to bidding with a yield bearing token to then sell that token up to 30% above market price at a local top. As GHOST leverage picks up, this will unlock never before seen DeFi applications. Read more here.

Our ORCA and GHOST docs are in the process of being overhauled–so you can look forward to detailed explanations of absolutely everything that’s changed in case you have questions.

Sonar Wallet Beta

The SONAR beta has been underway in the Kujrans’ Blowhole since April 28th and we’ve already gathered quite a bit of feedback. Suffice to say, peeps are very excited.

More than just a wallet for sending and receiving tokens, Sonar is a framework for a real payments platform for on-the-ground vendors, e-commerce merchants, and everyday users. It is compatible out of the box with mobile platforms and has a bunch of nifty quality of life features.

Sonar is integrated into key Kujira protocols that focus on DeFi, payments, and commerce. Driven by dual goals of providing a transparent asset experience and allowing users to move their assets between different chains without having to worry about the underlying network, Sonar is a new type of next-gen wallet.

The real Kujira experience is coming soon to everyone.

Kuji Kast Corner

Now for some sage words from Danny:

Why did the chicken cross the road?

It doesn’t matter. Fuck that chicken.

Because $WINK is coming to KUJIRA!

Do you like being happy?

That’s good. Soon you will be because $WINK is the token for you and all your friends who love you and think you’re doing great.

WinkHUB & $WINK.

Cooming soon.

PS follow us @TeamWinkHUB

Or else.

Closing Thoughts

We can’t wait for KP to get back. But in the meantime, we might as well throw in as many Arsenal digs as possible.

But on a serious note, we have ramped up our development efforts and some of our longest upcoming projects are seeing the light of day. Ghost has come out with a flourish along with our ORCA revamp & Sonar’s Beta is already well underway. Now that KUJI is also on Arbitrum, things will soon get even spicier.

We hope you look forward to the next Weekly Roundup! 🐳