GYSR Monthly #2
Month of December 15th, 2020 – January 15th, 2021
Overview
Welcome to the second installment of the GYSR monthly newsletter! Our intention with this publication is to keep the GYSR community and wider crypto-ecosystem up-to-date with GYSR-related news. If you would like more information or are interested in getting involved, please follow our official Twitter account, join our Discord, and take a look at our website.
Summary
· Total Geyser count has hit 64
· Meme contest finished successfully
· We hired a new developer
· The Hunt continues
· New resources have been published
· Early launch of webapp V2 discover page
· Early deployment of GYSR subgraph
· Core development progress report
· Upcoming emissions cut from the community Geyser
State of the Geysers
We are proud to share that, at the time of writing, 64 Geysers have been deployed using our v1 contracts. Recent examples include TRIPS launching a one-year liquidity mining program, CBET launching additional Geysers, and Reflect Finance teaming up with Ethanol token to launch a Geyser. Borg Token and MoovltFitness have created Geysers over the past month as well. If you’re an early stage project thinking about token liquidity and you’d like to talk to us, we would be happy to connect with you, so please reach out.
#StakeCalm Meme Contest
Over the holidays we ran a meme contest with the theme #StakeCalm. Our team picked the top ten out of over a hundred great submissions, and after a community vote on Discord several winners were announced. Thank you to everyone who participated! Take a look at our top three memes below for a laugh.
Welcoming Iain
GYSR has hired a new developer named Iain to lead the development of GYSR’s V2 Webapp. His primary focus will be to improve ecosystem discovery and accessibility. Iain is a skilled full stack developer with experience building scalable, enterprise-grade software. He is currently working at Amazon in their data privacy sector, and he was previously at IBM Watson building AI applications for strategic partners such as Apple and VMware. Iain has been fascinated with the rapid innovation taking place in DeFi and is a big fan of the GYSR platform, community, and mission. We’re excited to have him on board!
The Hunt
Inspired by Ready Player One, the GYSR team launched a DeFi themed scavenger hunt with a prize of 5000 $GYSR. The winner will also be the first to hear a big announcement we have regarding the GYSR roadmap. If you like puzzles feel free to start with the first step here and see if you have what it takes to win. We’ve been live for three weeks so far and the furthest anyone has gotten is step 6 out of 7.
New Educational Resources
To grow adoption of the Geyser system we have been concentrating on making it more accessible and easy to use. We want all of our users, whether they’re developers or investors to feel confident using the GYSR platform. As part of this effort, we have created some new educational resources to help people understand the mechanics and benefits of GYSR more clearly. Take a look at this tutorial and our revamped docs, and let us know if you have any feedback!
Development Update:
Webapp 2.0
Iain and the team have been making rapid and high-quality progress on a revamped GYSR webapp. We are ahead of our development timeline. As a functional preview, we recently launched discover.gysr.io.
GYSR Subgraph
We launched a GYSR subgraph to provide a data layer for our own webapp and to offer our community access to a useful development tool. See here for more information. We are proud to say completing this is also well ahead of our roadmap schedule.
Core Contracts 2.0
Devin and Alex have completed the design and architecture of the next version of our core contracts, which are now actively in development. Once launched these changes will allow GYSR to offer new features like non-competitive liquidity mining via fountains, support for transaction fee tokens, and more.
Reduced Token Emissions:
When we launched $GYSR, we divided the token emission rate into three phases according to the graphic below. The intention was to reward our early adopters, and if you’re reading this newsletter there’s a good chance you fall into this category.
As of February 3rd, the highest emission period for the $GYSR token will finish, and the community Geyser will drop its APY from ~460% to ~110%. We’re excited for this transition because it marks a shift in the life of the project: we’re moving on from bootstrapping the platform with our own token to make space for community projects to take the spotlight.
-the GYSR team
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