Replies: 15 comments 26 replies
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The Algo Faucet is possibly a leading option, due to the ease-of-use and very unintrusive. Also due to the simplicity of the operations and setup, any existing or future maintenance/ops. costs would be affordable for all parties involved (including especially the end-user). Thanks! |
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I propose: LP program stay the same but with a "bonus" tinyman staking option for some time period when it makes sense to promote ASAstat. |
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ASA Stats Token staking and farming historic dataIn-house farming of Tinyman ASASTATS-ALGO LP tokensUnique addresses count: 142 in-house_incentive_program_for_Tinyman-ASASTATS-ALGO_LP.csv AlgoStake stakingUnique addresses count: 432 Yieldly stakingUnique addresses count: 754 yieldly_distribution_report.txt Yieldly farming of Tinyman ASASTATS-YLDY LP tokens1st cycleUnique addresses count: 272 2nd cycleUnique addresses count: 189 Cometa staking1st cycleUnique addresses count: 117 2nd cycleUnique addresses count: 215 3rd cycle (68 of 90 days)Unique addresses count: 131 Cometa farming of Tinyman ASASTATS-ALGO LP tokensUnique addresses count: 82 |
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Here's Scott | FlippingAlgos.xyz comment in our Discord: well ive got a nice little NextJS setup im already working with i can show a bunch of examples but you likely seen it for staking.buttcoin.cc so its 100% open source solution.. nextjs/chakra ui/graphql style setup.. im deploying on vercel so free hosting unless you get hella popular and my raffle site going decent and i havent even hit 20% on the vercel yet. .i really got this dialed in.. its scalable AF and using like NO resources.. super clean and im using lambda/python script on a secure aws setup to handle the backend / sends |
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Here's the latest communication with Rylie from GARD: Hi Ivica, Appreciate you sending the extra information last week and your follow up email. We can definitely collaborate on doing staking during this quarter (most likely next 5 weeks) if that works for your community. We have a lot of features/announcements we're trying to get out during February so if we can announce/launch during March it would be better. You'd need to send us tokens to distribute on a quarterly basis but otherwise this wouldn't entail much on your end beyond co-marketing. Thank you for your support and trust for staking. Best, Rylie Hi Rylie! Thank you for your response. I'm going to present to our community what you have suggested and I'll reach you back as soon as possible. I'll just ask an additional question: is this 5 weeks period still valid even if we give you a confirmation next week? It doesn't mean you'd deploy 6 weeks from now in such a case, right? Sincerely, Ivica Yes, essentially we will try to launch one external partnership per month (maybe it will pick up) and could slot in your community for beginning of March! If this timeframe is totally unacceptable we could aim for the end of February. Obviously this is a short month. We still need to discuss your proposal, but if you ask me I don't want to rush you and start our collaboration that way. :) If the beginning of March suits you better then that's acceptable to us (or at least to me as the discussion just started). |
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It's quite late here, but I'll say that my favorites as of today are: a) Permission ASC predecessor GARD staking pools for 12 months with a total of 30 000 000 ASASTATS for rewards. On top of those rewards, every user that stakes an amount larger than 500 000 ASASTATS will get the Asastatster subscription tier and a governance seat if staking lasts for at least 10 months (those additional tokens will be provided by the DAO Pool). b) Tinyman2.0 ASASTATS-ALGO LP tokens farming Cometa farming for 90 days with locked period of 7 days. We'll define/predict related APY, while for the rest of the comment that value will be presented as c) Humble ASASTATS-ALGO LP tokens farming Humble farming for 60 days, rewards 1,000 ALGO (500 from Humble, 500 from us) + ASASTATS as d) Tinyman2.0 ASASTATS-ALGO, Tinyman1.1 ASASTATS-ALGO, Pact ASASTATS-ALGO LP tokens farming The Algo Faucet for 9 months, rewards in ASASTATS as |
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Personally I would go with the following order in priority:
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By 🍃 ༄ L E A F ࿐ 🍃 in Discord: sounds good, havent used gard before By DK+-x — Yesterday at 2:29 PM cometa is pretty good, but i like gard staking with their auto compounding, less hassle and i can just forget about it q2ev — Yesterday at 2:58 PM with recent news about cometa failed to get investments at decipher and laying off staff i woldnt make bets on its existence in 12months, i wish them the best, team is hardworking and delivering but you never know in this space. gard is controversial too with theirs tx ads spam and how they are desperate to get liquidity and users on their platform. i prefer humble for ui and obv faucet with huge advantage of tokens never leaving your wallet MochaNerd.algo — Yesterday at 8:15 PM I haven't ever used Gard so I'm not familiar with the platform... however I have used Cometa, Tinyman V1 & V2, and Humbleswap...Imo I'm a strong supporter of using audited smart contracts, my favorites would be either Cometa for ease of use/setup, or Humbleswap as I'm most familiar with either one and they're convenient/easy to use (edited) ipaleka — Yesterday at 8:24 PM Unfortunately, Humble doesn't provide ASA staking, just farming of their own AMM liquidity pools. Also, both GARD and Cometa have passed security audits: https://github.com/blockshake-io/algorand-ecosystem-audits |
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By moloch10 in Discord:
Same, never tried out GARD. I use Cometa but I'm not a huge fan. kerrilija — Yesterday at 8:53 PM Never used GARD, Cometa works great for me moloch10 — Yesterday at 8:55 PM I think i'm bothered by their UI (which i understand isn't really the point) but that aside, it does what it's supposed to do. kerrilija — Yesterday at 9:01 PM What's Cometa's support like? In terms of being approachable, respond times...? Gard seems ok in that aspect Sammyspeed — Yesterday at 9:06 PM Just like many others here, I've never used GARD, I use Cometa, but just like @moloch10, I'm not a huge fan. I just don't like the UI, although besides that, its fully functional. If by chance they survive the year...we could stick with them since they've already gained some degree of trust in the space.
Can anyone provide an answer to this...its an important question... Jeremy.algo — Yesterday at 9:09 PM My opinion would be for GARD if they can fit the preference. Rylie is a very smart individual and well connected in the ecosystem and available in the crypto twitterverse. I believe they are also pushing some new features soon for staking etc in their platform. motuwagon — Yesterday at 9:14 PM I am same never used gard. Only used cometa because that is where ASASTATS went. So we would tick the box for new users. Gard was looking for.🙂. I like the token getting seen where it hasn't before.
Have you used them how is it in your opinion? Jeremy.algo — Yesterday at 9:39 PM I have not used them before. Rylie's availability on twitter and open communication about what they were doing with the launch of $STBL and are doing with GARD launching and bringing new features to the ecosystem are a determining factor for me. They are representing the AlgoFam way of helping each other out which i respect a lot. Also a flippin smart person. Like i mentioned tho if they dont fit the communities need thats one thing but if we're looking for a place where the actual smart contract dev is available to discuss ideas...they're it imho. moloch10 — Yesterday at 9:36 PM I had a question for the cometa team recently and one of the mods got back to me almost immediately. They couldn't help me with what I needed, but they responded. sealab2022 — Yesterday at 10:47 PM I think gard is solid. They have plans going out to 2025 and they were able to maintain their peg/cds all the way to 16 cents. 🍃 ༄ L E A F ࿐ 🍃 — Yesterday at 11:21 PM well ill take gard vs nothing for asa staking. for the farms, humble is kinda slow the UI but its fine im staking vestige and some gomint on there. cometa is a bit faster but kinda boring right now. tinyman farm is pretty cool, probably best UI. Unohim — Today at 4:03 AM Just popping in to +1 for GARD - been using some of their services for a month or two without any issues at all. Solid project launched at an incredibly difficult time with a dedicated support team and a true visionary at the helm. TVL and app interaction (for GARD) has been growing steadily. Sassonemam — Today at 5:26 AM Algofaucet is the best RandomTask — Today at 11:04 AM Thanks for the initiative, Ivica. I am a big fan of the idea to allow stakers to earn a governor seat! It opens up barriers to engage in our dao! Other than that I favour remunerating LP providers over pure stakers, respectively think their reward should be higher. I am fine with both Pact and Cometa. Maybe Pact is the more future proof platform but both seem to be reliable services. |
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Hi everyone, it's Rylie from GARD. I wanted to chime in and say that we'd be honored to partner with ASA Stats for as long as your community is interested. We have been a user of the ASA Stats platform for some time and we'd love to collaborate with you all if possible. We have a really strong community and we are constantly improving our platform and making changes based on their feedback. Using the GARD platform for your staking needs would add a lot of value for your project given that we have a great community and great tech. We have 1300+ active users and counting and our staking contracts are audited/running on main-net for some time. One of the perks of our contracts is that with pools that pay out the same asset that is being staked, they auto-compound. In spite of being a somewhat new entrant to the communal staking arena, we will be adding this as one of our core products going forward. In fact, we believe we will be the go-to platform for staking. Our original motive for building staking contracts was for our own pools given that we needed them for our model, however, once we launched our pools our community told us we should move the pools we'd hosted on external platforms to our platform ASAP because our pools were the best user experience they'd had. Prior to that, we had partnered with Algostake, Cometa, and Yieldly in the spirit of partnering with/supporting other platforms. ASA Stats would not be the first project we partner with either. We are partnering with Glitter finance and several other projects as well that we haven't mentioned yet publicly. We intend to launch the Glitter pools next week and will be continuing to launch more pools over the course of the month/year. It would be great to have ASA Stats be one of the first external pools we launch and I hope we can grow together! If you have any questions for us please feel free to jump into our Discord or Telegram channels. We also have a weekly Twitter space where we engage with the entire Algofam, give project updates, Algorand/Governance updates, and let anyone ask questions or share updates about their projects Wednesdays at 1pm ET. Discord: https://discord.com/invite/y6rTK5S22a |
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Based on the quality and quantity of each option's comment, it looks like we should choose GARD as a predecessor of our Permission ASC. We'll wait another day if someone eventually brings a key point against it. If that doesn't happen then I'm going to reach Rylie. And about the farming of ASASTATS-ALGO AMM liquidity pool tokens, I simply don't know what to do but fill in that form on the Algo Faucet website. If they don't respond in a reasonable time then we'd try to communicate with some of the major LP providers about their willingness to lock their tokens to Cometa, or, as an alternative, what they say if we move all our liquidity to Humble, is locking Humble LP tokens something that suits them better? Also, we need to check with Cometa crew is there any chance for the deployment of their Liquidity as a Service any time soon. |
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Hi Ivica,
Thanks for passing this info along. We can also set up pools for farming.
It's essentially the same as staking as long as you pick a platform to use
for your liquidity whether it be Pact, Tinyman, etc. we can create a pool
that rewards one ASA for another (the pool's LP tokens). If your community
is keen on starting staking with us we can start there and add in farming
as well soon thereafter.
Hope this helps!
Best,
Rylie
…On Mon, Feb 6, 2023 at 1:28 PM Ivica Paleka ***@***.***> wrote:
Based on the quality and quantity of each option's comment, it looks like
we should choose GARD as a predecessor of our Permission ASC. We'll wait
another day if someone eventually brings a key point against it. If that
doesn't happen then I'm going to reach Rylie.
And about the farming of ASASTATS-ALGO AMM liquidity pool tokens, I simply
don't know what to do but fill in that form on the Algo Faucet website. If
they don't respond in a *reasonable* time then we'd try to communicate
with some of the major LP providers about their willingness to lock their
tokens to Cometa, or, as an alternative, what they say if we move all our
liquidity to Humble, is locking Humble LP tokens something that suits them
better.
Also, we need to check with Cometa crew is there any chance for the
deployment of their Liquidity as a Service any time soon.
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No worries! Want to be helpful but if you have other plans for farming
there is no pressure! Hope we can figure out staking soon!
…On Mon, Feb 6, 2023 at 2:41 PM Ivica Paleka ***@***.***> wrote:
Hi Rylie, thanks for your response!
I'm glad that GARD is both available and keen to provide such a service
for our LP tokens. :)
Bear in mind that our very first goal is - I'll even say that there is no
doubt among community members about that - to join Tinyman's official
farming program if that's possible. We just got a first response from them
and we'll make a first step toward that (that guarantees nothing).
After that, and this is solely my stance without any confirmation from
anybody in the community, we should check with Cometa about their plans and
options. If our community members agree on that, I'd fully support the idea
that we farm our LP tokens on their platform. My stance here is based both
on our pleasant experience so far with the Cometa team and platform, as
well as on non-tangible impression that for the sake of the project is
better to spread our collaboration across as many providers as possible.
The latter is even true for the ASASTATS AMM liquidity in general, but
simply the related discussion outcome
<#62> is that we for now
should stick to only one provider.
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By kerrilija in Discord: https://discord.com/channels/902639291828666448/902639292290043979/1073365402375172227 From GARD's Discord: GARD user:
Me:
David (GARD Team):
GamingToups — Today at 11:37 AM Yeah on one hand it's annoying that you can't just claim rewards but the autocompounding without transactions is really nice ipaleka — Today at 12:32 PM Yes, I'm absolutely for this feature in our case regarding Permission ASC, from so many perspectives. Like, they stake 725,000 and automatically get Asastatser tier with the permission of 331489389246 for that. After a while their staking increases and their permission reaches for example 334804280000 which automatically brings them a brand new feature they haven't been allowed to use before. |
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GamingToups in Discord: gard.algo (@Algogard) Seems GARD has some security issues kerrilija — Yesterday at 10:09 PM ipaleka — Today at 12:09 AM
kerrilija — Today at 10:29 AM If we're about to postpone/decline GARD, we continue with Cometa i suppose? edit: Everybody is mentioning MyAlgo issues, but seems like speculation atm. (edited)
ipaleka — Today at 11:40 AM
kerrilija — Today at 12:02 PM
ipaleka — Today at 12:03 PM ipaleka — Today at 12:21 PM kerrilija — Today at 12:24 PM
GamingToups — Today at 1:04 PM @GamingToups
kerrilija — Today at 1:07 PM
GamingToups — Today at 1:08 PM |
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As you may already know, the ASA Stats engine will read the subscription level of a user from the Algorand blockchain, respectively it will read an integer value that represents that user's permission level.
Btw, for a legal purpose (the reasoning behind this is probably out of the scope of this discussion), any POST request to the URL http://permission.asc.foundation in the future will return the application ID of our Permission ASC (respectively its predecessor), while any GET request to the same URL will bring a page that explains our Permission ASC in detail.
The Permission ASC will also act as a staking program for ASASTATS, so it is decided that we power up its predecessor before the actual development starts.
In short, we're looking for an ASA staking provider that we will use for around 12 months. It is expected that around 8-15% of the ASASTATS total supply will be deposited in it, while we'll provide around 3% of the total supply as rewards. On top of that, every user that stakes at least 500,000 in that one-year period will get a governance seat after that period ends. The governance seat (which lasts forever) is conditional - at least ten months of staking has to pass - while the subscription benefits last for as long as a user stakes ASA Stats in the Permission ASC (or in this case in its predecessor).
Please suggest and discuss any other possible option, the options we have at least mentioned so far are the following:
We have got two in a row ASASTATS staking cycles on Cometa and collaboration with Cometa has been a good experience so far. In the beginning, there were some doubts as a security audit wasn't done at that time, but now that's ad acta. Nevertheless, we need to have another meeting with the Cometa crew in order to get the newest information and conditions.
We have got open communication with Rylie from GARD and after they introduced a staking pool for Gardian (on top of the GARD staking pool) we asked about the possibility to stake ASASTATS on their platform. In order to continue the process we need to prepare our users' metrics for Rylie and that will be done in the next couple of days.
We have reached out and invited Scott from Flipping Algos to our Discord where we have got some of the needed information about a custom staking program he is able to provide to us, but a wider discussion that can bring any conclusion hasn't been conducted yet.
This is one of the options that exist, but no discussion whatsoever yet.
We had a staking program there for a while.
This is one of the options that exist, tho one of our most prominent governors doesn't agree to use them as a provider.
This option is probably out of question due to a loophole.
ASA Stats Token staking and farming historic data
In-house farming of Tinyman ASASTATS-ALGO LP tokens (50 weeks)
Unique addresses count: 142
Total rewards amount: 46,902,169 ASASTATS
in-house_incentive_program_for_Tinyman-ASASTATS-ALGO_LP.csv
AlgoStake staking
Unique addresses count: 432
Total rewards amount: 4,765,811 ASASTATS
algostake_report.txt
Yieldly staking
Unique addresses count: 754
Total rewards amount: 11,329,390 ASASTATS
yieldly_distribution_report.txt
Yieldly farming of Tinyman ASASTATS-YLDY LP tokens
1st cycle
Unique addresses count: 272
Total rewards amount: 9,895,215 YLDY
yieldly_farming_1st_cycle.txt
2nd cycle
Unique addresses count: 189
Total rewards amount: 4,989,236 YLDY
yieldly_farming_2nd_cycle.txt
Cometa staking
1st cycle
Unique addresses count: 117
Total rewards amount: 1,481,827 ASASTATS
cometa_staking_1st_cycle.txt
2nd cycle
Unique addresses count: 215
Total rewards amount: 5,237,517 ASASTATS
cometa_staking_2nd_cycle.txt
3rd cycle (68 of 90 days)
Unique addresses count: 131
Total rewards amount: 4,637,698 ASASTATS
cometa_staking_3rd_cycle.txt
Cometa farming of Tinyman ASASTATS-ALGO LP tokens
Unique addresses count: 82
Total rewards amount: 3,994,574 ASASTATS
Total rewards amount: 1,697.50 ALGO
cometa_farming.txt
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