GYSR Monthly #9
December 2021 - January 2022
Welcome to the ninth installment of the GYSR monthly newsletter! We use this publication 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. This is our most packed newsletter ever, so we will try to be succinct.
Over the past two months there have been 33 new pools deployed in total, 27 on Polygon, 6 on mainnet. Of these new pools, 21 were Fountains, 7 were Geysers, and 5 were Aquariums. We saw Sensitrust extend its liquidity mining pool, DeFi Hunters DAO launch a new liquidity mining pool, Blockchain Art Exchange create a new pool for token distribution, and much more.
After months of ideation and development work, excessive testing, a security audit, and a deployment, GYSR NFT staking finally went live on January 5th. We’re excited to offer a product that sits at the intersection of DeFi and NFTs, which is a category we think will have meaningful growth and impact over the next 6-12 months. In this article, we introduce the new technology, describe its significance, explore different use cases, and show a video demo.
In mid-December we hit 300 total Pools deployed and in late January the number of unique wallets that have interacted with GYSR contracts hit 4000. We are also right at the cusp of breaking through $1.5 billion in total volume that has flowed through our platform.
We’re excited to share with subscribers that we rolled out two meaningful technical partnerships in the past month. The first one is with UMA where we built an integration for streaming UMA KPI options using a GYSR pool. More on that here.
The second one is with Gelato where we combined forces to offer an out-of-the-box solution to Uniswap V3 liquidity mining incentives. More on that here.
Anyone who has followed GYSR knows how highly we value safety and security. As such we have recently launched a $30K bug bounty program in partnership with ImmuneFi. We were also awarded a grant from HaktDAO to help sponsor any payouts.
For some fun during the holiday season, we ran a “10 days of giving” event to say thank you and reward some of our active and longtime community members. In parallel, we held a contest to generate the funniest Froot grocery list and winners received a holiday gift from the team.
On the front end side (in addition to NFT staking), we have released several rounds of usability improvements. This includes a redesign of the staking page header, adding a network switcher dropdown, daily rewards estimates when APR can’t be computed, a new button to add GYSR token to metamask, and more.
Another major feature that came with the NFT staking upgrade is the new ability to claim rewards without unstaking. This is now supported for all v2 pools and allows for significant gas savings.
Like always, we already have our heads back down building more technology. This includes new core incentive mechanisms along with important auxiliary tools.
As you can see from above, we also currently have a major focus on partnerships and business development. This will continue to be a major theme in the coming months.
Finally, there will also be an added focus on longevity of the GYSR platform and defining a plan for long term success. We are excited to share and engage more on this topic soon.
As always, thanks to our community for all the great support, and please feel free to reach out with any feedback, questions, or ideas.
-the GYSR team