DackieSwap August Highlights

TLTR:

  1. NFT Upgrade V2 and QueenDACKIE launched.

  2. DackieSwap partnership with MoonGate.

  3. Dackie Bifrost Go Live.

  4. The DackieSwap DAO.

  5. Staking Season 4 launched.

  6. DackieSwap onboarded Linea.

  7. Dackie USD (dckUSD) launched.

  8. Our Future Vision.

We are excited to share DackieSwap's August highlights with our valued community in this article. Additionally, we would like to outline our future vision for the remaining months of 2024.

1. NFT Upgrade V2 and QueenDACKIE launched

DackieNFT and DackieSwap have collaborated to introduce the NFT Upgrade V2 feature and QueenDACKIE NFT, offering additional use cases and benefits for holders of DackieOnBase and DackiEGG.

NFT Upgrade V2 and QueenDACKIE
NFT Upgrade V2 and QueenDACKIE

2. DackieSwap partnership with MoonGate

Moongate is building an attention asset protocol for real-world activations. DackieSwap has partnered with MoonGate to foster community collaboration and explore future integrations. To celebrate this partnership, we're also hosting a giveaway campaign.

DackieSwap x MoonGate
DackieSwap x MoonGate

3. Dackie Bifrost Go Live

DackieSwap has launched a significant new feature: the integration of LayerZero technology to introduce Dackie Bifrost. Our mission is to unify the onboarded chains more closely. With this integration, DACKIE, QUACK, and dckUSD tokens can now be bridged across multiple chains quickly, at nearly zero cost.

Dackie Bifrost
Dackie Bifrost

4. The DackieSwap DAO

We have begun operations under The DackieSwap DAO, officially elevating DackieSwap to a new level of decentralization. Now, DACKIE holders can express their views by submitting proposals and voting. The core team will implement any proposals that are approved by DAO members.

With seven DSPs (DackieSwap Proposals) passed in just one month, it demonstrates an exceptionally efficient month for DackieSwap.

The DackieSwap DAO (pic by LongHau)
The DackieSwap DAO (pic by LongHau)

5. Staking Season 4 launched

Staking Season 4 has launched for the quarter, serving as our primary program to create more use cases for DACKIE, QUACK, and DackieNFTs holders. This initiative provides benefits to holders and ensures that future emissions of DACKIE and QUACK are reserved for users loyal to the Dackie ecosystem.

Staking Season 4
Staking Season 4

6. DackieSwap onboarded Linea

Linea is now integrated with DackieSwap. Linea is a highly promising chain with significant growth potential. We planned this integration several months ago and successfully onboarded Linea this month. Establishing a presence in Linea's market is expected to bring us greater profits in the future.

DackieSwap onboarded Linea
DackieSwap onboarded Linea

7. Dackie USD (dckUSD) launched

DackieSwap is excited to unveil its latest innovation, the algorithmic stablecoin Dackie USD (dckUSD). Designed to enhance liquidity and drive growth within the DackieSwap ecosystem across multi-chain, dckUSD represents a significant evolution in decentralized finance (DeFi) products.

Dackie USD leverages a cutting-edge mint-and-burn mechanism with DACKIE tokens to stabilize its value at 1 dollar. This approach ensures stability and reliability, making dckUSD a robust instrument within the DackieSwap ecosystem.

dckUSD price balance mechanism
dckUSD price balance mechanism

8. Our Future Vision

DackieSwap has expanded our ecosystem to encompass 8 chains, allowing our tokens to be easily bridged across these chains—a technological breakthrough that enhances the seamless user experience within the Dackie ecosystem. For example, users can earn high incentive rewards in a pool on X Layer, then swiftly bridge these rewards to Base for improved liquidity, all in just a few minutes with nearly zero bridge costs.

Base remains our primary focus, as it is where we began and will always be the first platform for rolling out new features. We are currently allocating the most incentive rewards to users on Base and are committed to building the largest liquidity there. Other chains will follow in priority, with an emphasis on those with high trading volumes to ensure substantial profits.

Regarding our CEX listing plan, we have decided to postpone it to Q4 or Q1 of next year, when the market conditions are more favorable. Our current focus is on building substantial liquidity for DACKIE before considering a CEX listing. Listing on a CEX at this stage might increase the trading volume of DACKIE tokens on the exchange but would not benefit token holders or boost trading volume for DackieSwap. Moreover, with the many use cases developed for the DACKIE token, such as governance, crafting NFTs, and lock staking to achieve Tier, maintaining circulation and substantial liquidity on DEX is more advantageous than listing on a CEX. We will select a more suitable time for the listing.

Thank you for reading! Please continue to follow us for more updates!

Quack!

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