Recently I deployed updated Tokens Monitoring (also known as Mainnet Monitoring). Crucial new features include deployer nametag detection, so you won’t miss the next token by “Yearn: Deployer” and the initial version of the code analysis.
Code analysis compares the core token functions against a Base Token. It is useful to notice the “extra” code. It not always means it is malicious, but it makes easier to judge yourself. In the example below, it detects a section of code implementing a blacklist mechanism:
This feature is pretty rough around the edges at the moment, and highlights a lot of things. As I build up the safe patterns, it will evolve and get more user-friendly.
Today I am deploying the updated Pools Monitoring (formerly known as Uniswap Monitoring). It monitors new pools created on Uniswap and Sushiswap. I want to include Balancer next.
New features include monitoring of all new pools, not just the ones paired with ETH. You will see new pools created with USDT, USDC, DAI or any other token. This means you will also see the Token-Token pools.
I have devised a strategy aimed at Uniswap that would potentially work well as the AIM Pilot. The main condition for this strategy is Uniswap keeping its daily volume at a good amount. It not necessarily needs brand new pools or tokens. It should scale relatively well, however I plan to include a per-address cap. It is a pilot after all. I hope to start it by the EOY.
From the user perspective, it would be similar to providing liquidity to Uniswap, but through the Dapp: you would need to satisfy the increased TRND holding requirement (read about it in the next section) and then supply to the AIM smart contract a pair of DAI + xTRND (please note, I do mean a pair, not staking a single UniV2 LP token). You would receive AIM share tokens in return, representing your AIM pool share.
The contract would lock your xTRND for a certain period of time called an Epoch, and operate using the pooled DAI. Once the epoch is finished and the lock is released, you would be able to claim the DAI profits or withdraw your profits and the original DAI + xTRND tokens using the AIM share tokens.
The AIM Pilot would be Epoch 0. The investment ratio during this epoch would be 1 xTRND : 1 DAI. This means that today, you would need to hold $5 worth of xTRND to invest 100 DAI.
When you claim your DAI profits, there will be a 3% success fee on any DAI profit above your initial DAI deposit. This fee would be split 3 ways, each 1% going to: DAI/TRND liquidity providers, DAI/xTRND liquidity providers, and the dev. Liquidity providers would need to stake their UniV2 LP tokens with the AIM smart contract to be eligible.
When you withdraw your deposit using the AIM share tokens, the AIM share tokens are burned and you get your DAI + xTRND back. However, there will be a 2% withdrawal fee on your xTRND, split 2 ways: 1% going to the dev, and 1% going to the farming incentive for the ETH/TRND pool.
The incentive for the ETH/TRND pool will also be the farming of the recycled xTRND once the Dapp and the DAO begin to consume it. And yes, about the Dapp…
Dapp is free, but
The Trendering Dapp has always been free. The requirement to hold 13 TRND means you can freely test the Dapp without paying anything, and you only risk the TRND token price swings during your tests.
I plan to add certain data aspects built for the AIM into the Dapp along the AIM Pilot. This will help me monitor things, and may help you as well. As such, the Dapp should be moving to become more exclusive as time goes by. With this in mind, I plan to increase the Dapp requirement to 130 TRND by next week. However, this requirement can decrease in the future as well.
The DAO consumes xTRND during the proposal submissions and voting. Additionally, some elements of the Dapp will need to consume xTRND to work. For example, upvoting/downvoting token listings or running the live price/tx tracker may consume small amounts of xTRND per request. But this is further down the line.
I am reading the Trendering Private group voices on making it more exclusive as well, and I am inclined to increase its requirement similarly, to something like 170 TRND. Let’s do it this week? This time the requirement would be open to decreases as well.