Dondi — The First DeFi Social Media Protocol
NFT’s have been preached about and have given creators all over the world a new realm to express and monetize their artistic talents.
But is there more that can be done with NFT’s besides cool graphics?
We at Dondi definitely think so.
Dondi takes this to the next level by integrating DeFi features we’ve grown accustomed to, like yield farming, and gamifies it for the ultimate social experience.
Dondi enables users to earn both Dondi and Ethereum, which can then be used to purchase “loot.”
Loot is an innovation on the standard NFT and essentially will act like a scratch-off lottery ticket. Each NFT redeemed will have an underlying Metamask seed phrase, which gives users the chance to win it big.
And just like their real-world counterparts — there’s a chance you may get nothing. But there’s also a provably fair chance you could be able to purchase a reasonably sized lunch.
How Do I Earn Dondi?
Dondi itself will be earned in two ways — either through traditional yield farming and providing liquidity in one of the supported pairs like you would for any liquidity mining protocol.
Our goal here is distribution, so there are no fees of ANY kind. There’s also an option to boost earnings for an hour (from 2x — 10x) to increase how much you earn.
The other option is through slots. Purchasable through ETH, each slot will net you 1 Dondi per hour.
Users can also take advantage of a spin the wheel feature, which grants users 5 daily spins. Users may earn additional spins, Dondi, or may strike out altogether.
The video linked above explains everything and gives you a visual walkthrough of the interface, so you have an idea of how things work without even having to take a step into Dondi.
Yield farming starts October 30th, but users can earn Dondi through slots and by referring other users starting now.
Best of luck!