Waves Ducks - funding

Governance
1

What do we propose?

  1. Integrating PETE staking and Pete NFT staking in the Waves Ducks interface (Third-party tab).

  2. We offer to send one of each item/Jackpot from new event collections to the Waves DAO (whichever DAO can auction/keep/stake). As a reference, some event items have been sold for over 50 WAVES on the marketplace. Jackpots are also able to get double-digit prices in WAVES.

  3. 5% of all burned EGG tokens are attempted to get sent to user’s referrers. However, since most users don’t have an active referrer attached to them, this 5% is burned. We propose to allocate this unassigned 5% to the Waves DAO.

  4. In case there is a shortage of funds earned by the DAO and WAVES sent to us, we propose to add 5k SPICE tokens and fill up the rest with unique ducks that we received from the liquidated Collective Farms.

  5. If the DAO is interested, we will credit them 10 vEGG monthly, so they can buy perches and send ducks to farming.

To give some numbers:

The players did 169 turtle rebirths in the last rebirth event, which means 202 EGGs were spent.

Last month, 373 * 0.5 EGGs were spent on ducks’ rebirth, which means another 186.5 EGGs were consumed.

154 breedings were done, which is equivalent to spending 154 EGGs.

Since the launch of turtles, 3416 turtles have been created. 2083 Turtles got hatched through an incubator (Average price 2.72 EGGs, current price 3.42 EGGs).

A total of 5700 EGGs were spent on hatching turtles during the 3-month period. This means EGGs are HIGHLY deflationary since we’ve got only 40 EGGs released daily or 1200 monthly.

Total players in Duck Hunt went up by x3, and total EGGs caught in Duck Hunt went up by 15 times.

So we see that we are able to engage more players, and also players who play longer and spend more.

Therefore, we do believe that the efforts put in ducks do bring a lot of value for Waves Ducks, the Waves ecosystem itself, and everyone involved.

Since the summer, we have expanded our team, hired new developers, and streamlined our internal and external processes.

We solved many long-standing bugs, especially in Duck Wars.

We expanded our marketplace to support NFTs like PETE third-party NFT.

Financially we’ve reached a point, where we are breaking even and making a slight profit. However, if we want to move faster, deliver even better quality, and get more developers, we will need some extra funding for this.

Some of the plans we want to accomplish:

  1. Reinvent Duck Wars. Some of you might have heard of the Hood Wars concept, we want to bring this idea/broken promise alive. We would like to start working on this in January.
  • Improving the measures to maintain the healthy balance of in-game economy, zero tolerance for abusers

  1. Total revamp of farming in Waves Ducks, with a soft switch. We will first introduce a vEGG staking solution to test out the mechanics.

  2. Extending our focus to include extra chains and communities.

  3. Improve our support line with night-shift coverage. Currently, we have 1 support agent who can’t be online 24/7.

  4. We will introduce a revolutionary referral system for Duck Hunt and Duck Wars. EVERYONE will be able to start earning instantly by bringing people on board. No investments are needed, start earning from the first SPICE earned by the ones you bring on board. We strongly believe this can bring a wave of new players, since everyone will be able to monetize their marketing efforts for Waves Ducks.

We strongly believe Waves Ducks is currently one of the most successful projects on Waves, and we hope you all will join us on the path to the new heights and even more glory.

We also invite every approved Waves DAO project to contact us for collaborations. We currently have the concept of daily and weekly tasks implemented. We could expand those to tasks that involve your applications/smart contracts and in that way attract new people in a fun and playful way to discover other projects. Currently, we feature daily and weekly tasks.

1 Like
2

AMAZING, I love it :clap: :clap:

1 Like
3

I love Waves Ducks, and I can not lie! :duck::duck::duck:

4

Hey,

Why not allocate a portion of Marketplace fees to WavesDAO instead of giving NFTs ?

5

Thank you for the kind words of support!

1 Like
6

/I_love_waves_duck_and_I_can_not_lie

7

:wave: Hey, WFN!

The fees are used for team needs and EGG buyback to maintain the token deflation. There is a wide range of benefits with NFTs!

• The limited edition of these items increases their upside potential over time. It’s reasonable for DAO participants to hold a stash of them😉
• The stakeable NFTs & ducks can produce extra passive yields for DAO each epoch. Stake > claim > enjoy!
• Furthermore, you can use these items for marketing purposes to bring more users to POWER DAO

Waves DAO can take 30 times greater revenue for instant selling of these items than slowly by fees!

:duck: With the best wishes, your Waves Ducks Team

8

:wave: Hey, WFN!

The fees are used for team needs and EGG buyback to maintain the token deflation. There is a wide range of benefits with NFTs!

• The limited edition of these items increases their upside potential over time. It’s reasonable for DAO participants to hold a stash of them😉
• The stakeable NFTs & ducks can produce extra passive yields for DAO each epoch. Stake > claim > enjoy!
• Furthermore, you can use these items for marketing purposes to bring more users to POWER DAO

Waves DAO can take 30 times greater revenue for instant selling of these items than slowly by fees!

9

Introduction
image

Waves Ducks is one of the most highly-performing projects within the Waves Ecosystem. It is a well-known, based on collectible NFT characters Play-to-Earn game with a native EGG token in its core. The primary objective of the EGG tokenomy is to stay a rare and deflationary asset. Nowadays, we naturally burn twice as much EGG as its daily emission.

Recently, we started the winter festival event and outperformed our yearly peaks by the rebirths, Duck Hunt players, and number of caught eggs.

Incentives for DAO participants:

We propose to allocate 0.1 WAVES for regular EGG buyback via our in-game trading pool to enhance the token value. EGG is trading at a 30% discount to its average price in pair with WAVES this year. Buybacks will significantly impact EGG’s deflation factor and increase the token price. We have a lot of economy-boosting releases in the pipeline that will also drive the project in parallel with buyback. It’s the best deal for Waves DAO governors, as such volumes can push the prices higher than the required 10% treasury profit per quarter/epoch without any resistance.

EGG success will benefit the entire ecosystem:

Pools with EGG tokens are among the most liquid among Waves-based DEXs, such as Puzzle Swap, Swop.Fi, and WX.Network. Swop.Fi and Puzzle Swap communities may benefit from governance returns. Meanwhile, WX.Network can speed up the buyback processes, please the PETE holders, and by the growth of pools $TVL and trading volumes!

10

Overview:

We propose to unstake the collective farms’ tokens and transfer them to the Waves address under Waves Ducks management 3PDJ1WNMzKX5cfWqYq7wFDh1Y7HRv2dCkAL to execute the recently passed CF tokens buyback proposal for a subsequent launch of the liquidity pool

Introduction:

Initially, DAO accepted the liquidity-boosting proposal from the active community member to diversify DAO’s holdings by repurchasing collective farms’ share tokens at the market and providing a steady revenue inflow by investing these tokens in a new in-game liquidity pool.

We are publishing our proposal to finalize the previously agreed decision about providing the bought-back LP tokens into a specially designed in-game pool

Execution:

Historically and up to the present, Collective Farms have been the most straightforward means for investors to generate passive income. The Collective Farm tokens currently under staking in DAOs possession are as follows:

Duck Street - initiated by the game’s founder, @vlzhr, and presently led by @cryptopeterpan
Black Turtle - founded by @Black_Turtle and managed by @ecelps & @CaptainCryptex
Duxplorer - established by Duxplorer’s CEO, @G1zm0nl
Granja Latina - founded with a Latin American vibe by @misterpks

Once the proposal passes, these collective farms’ share tokens will be invested into a liquidity pool. After that, all the LPs of this pool, which represents DAO investment, will be sent back to the DAO treasury and continue to be stored and managed by the DAO’s custody

DAO benefits:

This liquidity pool is meaningful as it creates a major and stable market within the ecosystem for DAO’s treasury holdings

The underlying concept of this pool is twofold: prioritizing returns for investors and, equally importantly, burning the other half of the fees generated by the pool. This mechanism will significantly impact the entire game economy, driving up the prices of all assets held by DAO and making them more valuable, thanks to the burning mechanism. Additionally, this creates a slight arbitrage opportunity with Puzzle Swap pools, which could generate more income for DAO members by boosting volumes for both platforms

Hence, DAO stands to gain not only from collected fees but also from the appreciating values of its assets