Our harvest moon has passed and our G-App is on the horizon. Season Seven brings us a new home, two new launches, and one big happy family of Gainers.
Season Six Review
When we setout for our sixth season, we wanted to offer high upside opportunities to our farmers and stakers. We achieved this by offering Bitcoin as a farming reward, JAWS as a staking reward, secured enough votes for a third cycle of TINY farm rewards, and then entered into our first TDR period.
For GAIN-ALGO liquidity providers, this meant they could enroll in three farms on Tinyman; while also committing GAIN-ALGO LPs to Algorand governance. This LP is our marquee and an absolute winner in Algorand DeFi. If you’re reading this and on the sidelines, don’t hesitate to enrich yourself by providing GAIN-ALGO liquidity. We’ve made it a point to buildout our treasury holdings of TINY to ensure GAIN-ALGO receives TINY farm rewards each cycle.
We saw huge strides in our X performance over S6 as well. All key metrics were up dramatically from Season Five, and we’ve maintained over 1k followers quite easily. We hope to see more X posts from Gainers as our G-App launches, and more community engagement with our posts.
Season Seven: Gainify App Launch
The Gainify App, or G-App, is tentatively slated to go live between November 6–12th. At launch there will multiple high APR farms & stake pools, from multiple projects, for Gainers to choose from.
The timing of the G-App’s public release will impact our typical seasonal schedule. Because it will release mid-season, we’re extending Season Seven to run through the end of November. Going forward, our seasons will start on the 1st of each month and run for the duration of the calendar month. So Season 8 will be December 1st -> 31st, then Season 9 begins January 1, 2025.
We’ll have an in-depth article about the G-App that will be released near the start of November, but here are some highlights:
- Permissionless farms & pools — anyone can make or enter a farm/pool
- Flat rate for deployment — $10 with boost enabled / $20 without
- Dedicated pages for farms & pools
- Lifetime reward tracking
- Pera / Defly / Exodus / Lute / Kibisis wallet integrations
- Incredible benefits for gain.algo NFD holders detailed below
gain.algo NFDs
Perhaps the greatest beneficiaries of our G-App are gain.algo NFD holders. We’re taking NFD utility to another level by offering unparalleled benefits.
First, 10% of the G-App’s quarterly revenue will be distributed to all gain.algo NFD holders (that aren’t team NFDs). Snapshot minters, who are our earliest supporters, will receive a slightly higher allocation than those that came after them; following through on the perks promised when we debuted our segments.
Second, v3 gain.algo NFD holders will be entitled to a 20% deposit boost on enrolled farms & pools. This means that if you stake $100 of a LP or token, you’ll be credited as having $120.
Now there is a catch with this, as most of the gain.algo NFDs are v2. v2 NFDs offer lifetime ownership, whereas v3 NFDs must be bought on a yearly basis. The requirement of having a v3 NFD for deposit boosting is purely a technical one, as v3 NFD infrastructure has the capability to offer this feature. v2 and earlier do not.
We understand this might be disheartening, but v2 NFDs will still be eligible for revenue distribution. It is up to you to decide if the deposit boost is worth migrating your v2 NFD to a v3. We think it will be worth it, but the decision is yours.
Season Seven Farms & Pools
We have three farms currently running on Tinyman that will extend through Season 7. These farms reward:
- GAIN provided by GAiNiFY
- TINY provided by Tinyman governance
- ALGO provided by TDR #13
Liquidity providers for GAIN-ALGO on Tinyman should enroll in all three farms. They’re currently offering APRs that range from 15–35%. Visit our Tinyman pool page to start farming the pair.
We’ll be doing our last dance with Cometa this season. We’d like to thank them for their role in helping GAIN develop, and being a prime destination for our farms & pools. The final farm and pool we’ll launch on Cometa are:
- Stake GAIN-USDC Tinyman LPs, earn LINK | 15d timelock | 30d farm
- Stake GAIN, earn GAIN | 30d timelock | 30d pool
The GAIN team has always been fans of Chainlink. We previously incentivized the GAIN-LINK pairing and wanted our last farm on Cometa to award one of our favorite tokens. So we’ve done just that.
We have stayed away from offering a stake GAIN earn GAIN pool as it typically leads to a sell-off, but we’d caution against that behavior in advance of the G-App debut. Single asset staking for GAIN will be consistently incentivized on the G-App, so we‘re helping you grow your GAIN bag before that happens. Enjoy!
When the G-App goes live, there will be more farms & pools that come with it. Keep an eye out for the G-App release article as it will detail the various farm/pool options that coincide with the G-App’s launch. Season 7 will offer more GAIN related farms & pools than we’ve ever seen in a season before.
Vertex
Coming soon to a G-App near you
Website v2.0
Our current gainify.xyz website will be overhauled this season. The site was created to communicate critical information surrounding GAIN’s launch. Since then, we have placed third in an AF hackathon, travelled to Decipher, crossed key benchmarks, and now have a full suite of offerings within Algorand.
To better reflect the GAiNiFY project as a whole, we’re redesigning our website and will debut it with the launch of the G-App.
Part of this overhaul involves replacing our old mascot Emmanuel. He previously went on the lamb due to threats of persecution from Gary Gensler, and he’s been M.I.A. since. We hope he’s enjoying his retirement, wherever he landed.
As we’re mascot-less, we’ve turned to automation to fill the void. GAiNiFY now has mascots — via organic robots that help our farmers find the best yields in Algorand.
We’ll be featuring our hybrid farmer robots as our mascots both on our website, and in our marketing materials. So if you see a robot with foliage growing out of it, you know GAIN is nearby.
Record
Values in parentheses are based on the start of the prior season
- GAIN price = $.0006 (even)
- Total trading volume = 1.66M ALGO (+70k)
- Swaps = 20,900 (first record)
- 1 ALGO = 193 GAIN (-4)
- GAIN FDMC = $72,157 (-1k)
- GAIN TVL = $33,925 (+1,326)
- Holders = 456 (+6, this number doesn’t include LPs or farmers)
- GAIN Liquidity Pairings = 9 >$100 (+1)
- Segments minted = 73 (even)
- Twitter followers = 1,168 (+61)
- Discord members = 230 (+8)
Conclusion
Things are looking incredible for Gainers through the end of the year. We have the G-App, insane benefits for segment holders, more farms & pools for GAIN than ever before, and a committed team building out GAiNiFY.
Our team resides on four continents and just welcomed our first community member to join us. The addition of Chipwood is another checkmark on the list of things we wanted to accomplish when we created GAIN.
We’re delivering everything we promised at our launch six months ago
Despite our efforts and good intentions, we continue to be subjected to baseless accusations on places like X or in Vestige chats. We encourage you to ignore all the noise. We’re building, we’re meeting our objectives, and we’re providing value for Gainers in ways no one else can or will.
And that will never change.
Join one of our five farms or stake pools at the start of Season Seven. Then follow that lead to one of the ___ farms/pools that launch on the G-App midseason. Still to come is a dedicated article about the Gainify App, and an explainer of the mysterious Vertex section above. Thanks for reading!
