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BluDAC - Community Pools, Incentivized LP Mining on WAX!

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@l337m45732
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howdy frens

Good morning, good afternoon, good night, or whatever it is for you. Yesterday I was struggling and today I've decided that I'm going to focus on my work. Emotions can really fuck up your work flow. Anyway - I've written about BluDAC a few times in the past - check out one of the posts to get an idea of what I'm talkinga bout . BluDAC is a platform where you can stake your LP token from Alcor.exchange on WAX and earn BLU tokens. note: I am not a financial advisor or any of that bullshit. I'm a degenerate stoner that's obsessed with crypto. bluckle up, this shit's gettin weird.

Community Pools

So - as of today, BluDAC has been updated with this new Community Pools tool. Now anyone that has a BluDAC membership is able to create a mining pool and fund it with tokens to reward stakers. For example, I could create a pool and fund it with Y token and allow users to stake BLU/X token LP tokens. The user would go to Alcor and provide liquidity for the tokens and get their LP tokens. Then they would go and stake those LP tokens in my Community Pool on BluDAC to earn Y token. Make sense? probably not lol

This is for *degens only. It's a sort of game and the BLU token has done nothing but go down in value. I love to experiment with new and risky things like this because I find it fun. Clearly the guys behind it like to have fun took - there's a what the fuck is this? button. BLU is gaining utility gradually so that should help to start stabilizing the price. Staking/unstaking LP tokens from pools now has a 1% fee in BLU. Harvesting rewards from pools also has a 1% feel in BLU. Creating community pools has fees in BLU as well. A large portion of these fees get burned so that should help with the supply.

I don't know what 'grok' means but this shit is in beta. Use at your own risk. In fact - use the whole platform at your own risk. If you don't understand liquidity mining and impermanent loss, this is not the place for you. If you're a degen like me and want to play with some money - come play on BluDAC. Memberships are still available for like $40 I believe.

Here's the first 4 community pools. Look how degenerate this shit looks lol. I love it. Might have to get some BlUWEED just because it's stupid. As you can see these pools an be customized with different time frames and the AIMY (staking rate) is calculated automatically based on the tokens funded and the amount of LP tokens staked. I can't wait to see more and more of these pools pop up. Let the games begin.

Maybe we need to figure out a way to get Hive tokens on there. I know SPS and other tokens are on multiple blockchains. Any of them on WAX?

Are you on BluDAC? Are you confused? Are you aroused?

lemme know

Posted Using LeoFinance Beta