Stable summer introduced us to the core trading pair of GAIN-USDC, and Season Four brings us Hatake. Hatake is Japanese for field, and this season presents a field of opportunity for all Gainers. Be them farmers, segment holders, NFT fans, gamers, predictors, or raffle players.
Season Three Review
Stable summer was a massive success for Gainify. We gained a farm on Tinyman. Incentivized a key stable trading pair. Took home third place & $3,000 in the DeFi track of the Algorand Foundation sponsored “Change The Game” hackathon. Our Tech Lead Joe made a visit to Decipher and we recapped the trip in a X space. Then, we launched our gain.algo segment offering and have seen over 60 mints so far. We closed out Stable Summer with water week, which saw over $2,000 in liquidity added to the GAIN token across five trading pairs.
So much gets lost in the day to day shuffle of crypto, and everyone loves to chase new trends. But if you’re reading this, take a moment to digest all these developments — they’re incredible and they all took place in 30 days! Plus, they reflect the passion and determination of the GAIN team, community, and supporters. We’re so thrilled to share this journey with you.
Now let’s dive into Season Four.
Hatake
As mentioned above, Hatake means field, or cultivated land, in Japanese. We chose this as our Season Four theme because a field of opportunity awaits both new and seasoned Gainers alike. The Japanese theme is borrowed from our partnership with Inu Moo, and we encourage everyone to give our joint X space a listen. Inu Moo is a complex GameFi project and it’s best to hear an overview from the creators themselves.
Hatake will see collaboration with two projects in total. Next to Inu Moo is a partnership with one of Algorand’s great NFT projects — AlgOctopus. On face value it might seem hard to partner with a NFT project that doesn’t have a tradeable token. But crypto is a space of creative entrepreneurial spirit, and we have an agreement in place that is mutually beneficial for both projects. We’ll be having a X space with AlgOctopus on July 19th and hope to see you there.
Farms
Our farm on Tinyman will continue to run through both S4 & S5 as it was initially provisioned to do so. At the time of writing there is $15,000 locked in the farm and it offers an APR of 65%. This is a great frictionless farm available for all Gainers to take part in.
As our team greatly values stable TVL, the GAIN-USDC earn GAIN+ALGO farm will be returning for another round on Cometa. It will be a 30 day farm with a 19 day timelock.
Current GAIN-USDC farmers need not worry about ever breaking this LP as it will always be a priority for us. While we envision the GAIN-ALGO farm to be near static on Tinyman, and hopefully start to earn TDR from the Foundation, we consider GAIN-USDC to be similar in scope.
There are two things we’ve learned from deploying 11 farms in the past three seasons. First — liquidity is sticky when it’s incentivized. Second — large incentives drive liquidity. Therefore, if you remove incentives you also remove most, if not all, of the market provided liquidity. So expect to see GAIN-USDC consistently incentivized.
As part of our partnership with Inu Moo, we’ll be boosting liquidity of GAIN-INUMOO and there will be a farm on Cometa that awards LP providers of the pair. The farm will run for the whole season and carry a 15 day timelock. This farm present an amazing opportunity for Gainers to acquire INUMOO before the game launches at the end of S4. As INUMOO will be the gold standard within their game, we expect to see a ton of buy pressure for INUMOO once the game is out of alpha. This will be a great token to hodl.
Pool
In the S3 medium article we talked about how we didn’t have plans to make another GAIN stake pool for a while. But, you have to adapt in this space or you’ll get left behind.
Someone not affiliated with the Gainify core team created two stake pools on Cometa. Both involved staking GAIN and one earns GAIN while the other earns GAIN+ALGO. They’re still live if interested in joining either of those pools. Both pools combine to hold over $5,000 TVL in GAIN tokens.
This TVL is higher than the GAIN-USDC farm on Cometa while offering a fraction of the APR. Stake pools are attractive to users with lower risk tolerance, so we’re going to entertain those users by rolling out a stake pool for S4.
Gainers will be able to stake their GAIN tokens and earn PEPE for all of S4. The pool is emitting a large amount of PEPE at 500k per day. Because this is a short term pool that will carry a fat APR, there is a 30d time lock for the pool. We had incredible feedback on our first PEPE farm, so this pool is a perfect compliment to the OG farm.
BLOPS!
As mentioned above and also on X, we’re partnering with a premier Algorand NFT project for S4 — AlgOctopus. AlgOctopus has a innovate reward system for their NFT holders called the motherlode bot. The bot resides in their discord server and allows verified NFT holders to enter a shuffle to win a random amount of an ASA token at different time intervals.
Gainify has provided GAIN tokens to be awarded in the motherlode bot, and in return AlgOctopus has provided some BLOPS! NFTs for us to distribute within our ecosystem. If you’d like to learn more about BLOPS!, check their website or the collection on Asalytic. If we look at the entire AlgOctopus collection, their metrics are very impressive!
Their floor price is dramatically higher than mint. There are 247 BLOPS! owners of the 1,888 NFTs; with only 3.7% of the collection listed for sale. Their X account has over 2,590 followers with 1,100+ Discord members as well. The first version of their NFTs debuted in 2022 so they’re seasoned vets in the space. The Gainify core team believes this partnership will lead to more GAIN holders while also exemplifying our willingness to work with quality teams in the ecosystem.
This partnership also provides great benefits for Gainers as well. If you’re already holding a BLOP, make sure you take part in the motherlode and other activities in their server. If you aren’t holding a BLOP there’s good news — we have some creative events for you to earn one!
Burn For Blops
Starting July 28, we’ll be running a “Burn For Blops” campaign. Segment holders in the snapshot period (mints 1–63) can burn GAIN to win a BLOP. The eligible gain.algo segment holder who burns the most GAIN wins a BLOP NFT! To participate, beginning on July 28 you can send GAIN to the bonfire address:
BNFIREKGRXEHCFOEQLTX3PU5SUCMRKDU7WHNBGZA4SXPW42OAHZBP7BPHY
The first round of Burn For Blops will run for a week and end on August 3rd. After snapshot minters have their crack, we’ll open a second round for all Gainers to participate in later on. We’ll be producing a leaderboard to report results as the event is happening. The Gainify team is also going to match the total amount burned during the week!
There will be other ways to earn a BLOP as the season goes on, so keep your eyes on our Twitter or Discord to stay in the know.
Mint — Predict — Win
To continue moving up the NFD segment leaderboard, mid-way through S4 we’ll be running a “Mint-Predict-Win” promotion for new segment minters.
A week before a sporting event happens, we’ll post an announcement outlining the prediction requirements. If a user mints a segment and gets the prediction right, they’ll get their cost of minting refunded.
We want gain.algo to become a top ten segment and hope to reach that spot before S4 ends. If you’re already holding a segment, please RT & engage with the Mint-Predict-Win announcements as they come out.
GBAG
After stake pools, farms, and Discord rains, GBAG now has over 300 holders which is a great foundation to build off of. We had our massive 4th of July burn which contributed to more than half a billion of the supply being roasted. The Bonfire address is now the fourth largest for GBAG, behind LPs and a contract nonetheless.
We’re going to keep the momentum going for S4, but sadly, this marks the end of our contributions to GBAG’s distribution. The Gainify core team all staked for GBAG and together we compiled a nice war chest of it. But after the burns, segment airdrops, and farms, we’re tapped out of what we staked for.
All in all, the Gainify core team has combined to burn or distribute over 610M GBAG, representing 8.7% of the entire supply.
The original premise of GBAG was that we created the token, setup a distribution method, then would rely on the ecosystem to carry-on from there; and the time for that is now. With so few tokens coming out of rug.ninja, the opportunity for GBAG to be a premier Algorand meme token is ever present.
For our GBAG distribution conclusion, we’re loading up a Cometa farm. The farm will be stake GBAG-ALGO Tinyman LPs & earn GBAG. The hope is that this will drive up stable TVL for GBAG and set it up to win over the long haul. This farm goes live on July 21, runs for the whole season, and carries a 15 day timelock.
Record
- GAIN price = $.00109 (1.6x from S3 launch)
- Total trading volume = 1.35M ALGO (+310k)
- 1 ALGO = 143 GAIN (-54)
- GAIN market cap = $115,454 (+$44k)
- GAIN TVL = $37,706 (+$18,360)
- Holders = 401 (+98)
- GAIN Liquidity Pairings = 8 >$100 (+2)
- Segments minted = 66 (+64)
- Twitter followers = 737 (+145)
- Discord members = 221 (+3)
Reminder: the record is taken the day before the article’s release each season
Wrapping Up
By all measures GAIN continues to grow at a sustainable, measured pace — which is ideal. As the overall crypto market starts to look bullish, GAIN is positioned well to move up with it. Looking at the record above, we doubled our TVL and added over $44,000 to our market cap during S3 which is quite impressive!
We appreciate all our Gainers, both old and new, and hope you continue to enjoy the journey with us. This season brings us new partners, new farms, a new pool, and new opportunity. Hatake!
