Decentralized Finance Projects: November 2020

Kitty fight is a game where cats/kittens fight each other based on crowd-based actions. Just like how the cheering crowd at a boxing match motives boxers to box, in the case of kittyFight, the crowd bet on each kitty they are in support of, causing their kitty the other opponent. The people/crowd choose which cat to bet on, resulting in action on the part of the chosen cat. The actions are random bets placed on the blockchain. The outcome of the betting results of each crowd participant causes events emitted from the blockchain api service to the front-end/UX resulting in kitty animation actions (punching, scratching, etc). The actions result in damage which is reflected in the opposing cat through vibration and or shaking or blocks.

When there is no action for 10 seconds [No events emitted from blockchain for 10 seconds], there are simulated actions called “idling actions-with sound and reaction” that are carried out by each kitty in turn. Basically, during the idling cycle kitties shadow box each other, and dodge the actions/hits with a slight ducking, but keeping the game interactivity and continuity going, to keep the game enjoyable without actual damage. The winner of the game is the kitty that sustained the least damage. KittieFIGHT adds utility for Cryptokitties users and cut down on the oversupply of kitties on the Cryptokitties platform. It is also an interesting experiment in gamified demand in a Token economy utilizing a utility ERC 2O token called KTY, which is tightly integrated with with UNISWAP AMM. KTY has various fee burning and spending needs for game participation, without the need for users to directly hold KTY.

Combat MMO game for Cryptokitties users.
Game jackpots backed by Lending Protocol.
Players drive combat by betting ETH.
Games yields 10 times initial ETH jackpot.
Gamified KTY Token demand economy with UNISWAP AMM.
Decentralized Governance using Aragon DAO.
Weekly yields to lenders, DAO stakers and game winners.
UNSTOPPABLE, PROVABLY fair and TRANSPARENT Ethereum Dapp.

How its work??

KTY dutch auction.

The KTY dutch auction is the initial KTY distribution preceding Kittiefight Volcano Yield Farming launch that incentivizes on-chain liquidity. Users get to set the price off KTY by sending bids during a 4 week bidding period. Users can then receive +200% more KTY utility tokens and SDAO for providing KTY and WETH, ANT, yDAI,yYFI, yyCRV, yaLink, aLend, aSNX, yETH, aYfi , 2key, GNO, yETH liquidity on Uniswap tapping into potentially +$1.7 B USD worth of governance power without risk of impermanent loss. Learn more.

Dutch auction.

A dutch auction is an auction where a batch of tokens set set up to be sold to the public using a process that allows buyers to determine the price of the tokens. The process works like this :

Imagine a batch of tokens is set up in a smart contract with the following guiding parameters about the sale:

Start date
End Date
Start price
Minimum price
Number of tokens to be sold
Tokens to be sold

Imagine that a scarce resource batch of 100 tokens are to be sold at a starting price of $10 each and minimum price at $1, with the price gradually decreasing every second towards the $1 mark and over a predetermined auction duration time.

Bidders send bids at specific times and price points. Bids represent total money buyers willing to pay for an allocated number of tokens at a specific price point during a specific time in the auction duration.

Some people may buy the token at $7 really early or $5, $4, most at $3 and the token sells out at $2.5. The Exciting thing is that every one gets to pay $2.5 per token, balancing first mover advantage with democratic price allocation. This auction process makes it a fair way to make sure everyone who really wanted the limited available tokens, got them and everyone else is happy with the price. KTY Token will be distributed in the fair manner described above allowing early holders to acquire our tokens for use in the KTY Volcano yield mining program to earn even more KTY and SDAO tokens as the main KittieFIGHT lending and gaming protocol is launched unto the Ethereum Main net.

KTY Yield Farming.

The KittieFIGHT Yield Farming Volcano Faucet distributes KTY and SDAO tokens to Yield Farmers who provide liquidity on Uniswap V2 while staking uniswap liquidity pool tokens in the Volcano yield farming contract. The more liquidity you provide, and for longer, over 6 months program duration, the greater share of the KTY and SDAO token pools you receive. 7% (or 7,000,000 ) of the total fixed KTY token supply and 7% (or 7,000,000 ) of the total fixed SDAO token supply is allocated to the 6 month program duration. 10% (700,000 KTY & 700,000 SDAO) of the program allocations are auto awarded to yield farmers who participate within the first 7 days of the volcano program launch, and as long as they continue till the end of the program duration.

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