CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

HunnyDAO Launches Hyper Staking And Kinetic Bonding

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HunnyDAO is an OHM Fork on the Binance Smart Chain (BSC). HunnyDAO is the only DeFi Online Casino Backed dual treasury asset reserve. HunnyDAO is developed by the team behind Hunny Finance, HunnyPlay (BSCs First Defi Casino), and HunnyPoker. HunnyDAO is a decentralized reserve currency protocol that endeavors to be the only reserve currency for all Online Casinos in the DeFi space.

Growing Treasury Is the Priority

HunnyDAO’s priority in 2022 is to grow our treasury and ensure sustainability first. OHM Forks are based on Game Theory. They challenge the idea in Game Theory that suggests that the player who is first in and first out always benefits the most. Any treasury is the core/backbone of a centralized/decentralized stable currency. The utility is the name of the game. HunnyDAO is only here to solve the problems encountered by most of the existing OHM Forks.

TL;DR

Benefits
1a) New Funds into the Treasury
1b) Attract new Users
1c) Existing community to have a sustained APY for an indefinite period of time
1d) Selling pressure of $LOVE is reduced with Performance Bonding and Vesting
1e) More opportunities for Dollar Cost Averaging for existing hodlers

Benefits
2a) Reduces Selling Pressure of newly minted LOVE
2b) Rebase bots who take advantage of staking and unstaking are rendered useless

More updates in the coming weeks and months. More aggressive marketing is on the way, let’s make this happen.

The phoenix, Introducing Kinetic Bonding, Hyper Staking, and other bits and pieces.

MASSIVE DISCOUNT BONDING for LOVE, GET KISS, and Attract HUG.

Follow the steps
1) Kinetic Bond LOVE
2) Hyper Stake LOVE
3) Receive KISS, attract HUG
4) Use HUGS to redeem LOVE

$LOVE redeemed by $HUG will be contributed by DAO.

Utility, how do we get there? Building the treasury, simply by offering massive discounts, you are attracting more new funds into the treasury, and as we know this alone benefits massively for everyone in the community.

HUG is performance vested using the Fibonacci Sequence. The Fibonacci sequence can be described using a mathematical equation:
Xn+2= Xn+1 + Xn

People claim there are many special properties about the numerical sequence, such as the fact that it is “nature’s secret code” for building perfect structures, like the Great Pyramid at Giza or the iconic seashell that likely graced the cover of your school mathematics textbook.

A new pool with new mechanisms with competitive APY

This new pool will work exactly like the old one with 2 exceptions.

1) Unstaking will trigger a 24-Hour Linear Vesting of UNSTAKED AMOUNT

2) Clock will trigger to reset after any unstaking action is performed.

About Hunny

Hunny aims to be the most engaging and fun DeFi destination built on Binance Smart Chain (BSC). On top of that, they are developing a brand new and unprecedented gamified farming playground where every user can enjoy high yields and exciting games at the same time.

Source:
https://medium.com/hunnyfinance/hunnydao-a-defi-2-0-a94ff816d5b9

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