From April - June 2022 there has been an active $marmaj Farm. This farm started out as an experiment with the goal of finding efficient methods of supporting our growing community. The Marma J Foundation has gone through many changes over the past few months. Most notably has been our transition from a personal idea/hackathon project into a legal Non-Profit Organization, registered in Canada.
Goal: To max out unique number of tokens (16 or 32?) to create a curated list of ecosystem tokens (projects) that the marmaj Community can learn about, experiment with, and support. As the Marma J Foundation works to leverage Web3 for social good, we will continue to create educational content and guides to support the platforms we engage with; “teach a man, to teach a man, to fish” .
Rewards: The token rewards for the farm for pool 553 are pooled from a variety of sources
- The Ref DAO provides 819 $REF/week to the farm for pool 553 .
The marmaj DAO holds quite a bit of $marmaj <> $stNEAR liquidity as well as some $marmaj tokens it uses to add 8.19 marmaj/week to the farm (plans to increase this to 81.9/week soon )
- The marmaj DAO also recieves tokens from marmaj.near (management/individually owned account, secured by ledger, to support the Marma J Foundation). The $AURORA tokens come from a previous investment into Aurora*.
- *Not really … Selling ecosystem tokens is no fun , so the tokens have been (and will continue to be) deposited into Aurora Plus or Burrow.cash and the rewards from these deposits are used for further rewards).
- Also, burrow.cash is where the $BRRR token rewards will come from .
- As well, marmaj.near has deposits (and borrows ) on the Burrow platform which generate $stNEAR / $META / $USN rewards (as well as others )
- The PixelDapps team has been gracious enough to distribute tokens to the marmaj DAO, so we send those to the farm on a monthly basis.
For the foreseeable future, the marmaj DAO plans to send Ref Finance (refchef.near):
- 8.19: $AURORA, $stNEAR, $marmaj, and $xREF per week (1.17/day - 36.27/month<>31 days)
- 81.9: $USN per week (willing to switch stables… )
- 819: $PXT, $BRRR, and $META per week
We are hoping to work with near-multicall in order to make the transfer of these FTs possible in one DAO proposal. (half an example: https://app.astrodao.com/dao/marmaj.sputnik-dao.near/proposals/marmaj.sputnik-dao.near-774)
More tokens will be added (and the current ones may be paused/halted) at the discretion of the marmaj Community/marmaj DAO.