We have heard about this game for some time already. It was announced mid 2022 and we are still awaiting its launch. In the last AMA session Forex_Sh4rk discussed a bit more of the details of the game and the progress they are making.
In this article I’ll share the updates which were discussed during that AMA being the latest most recent info we have on the Dogs Roulette Game and regarding Single Asset Lending.
Project Status (as per the AMA)
The development team was excited to announce the upcoming release of Dogs Roulette. In a recent dev meeting, the team was able to work out exactly what needs to be done to finish the project and establish concepts for the user interface. The back-end developer planned to report back on the actual code to ensure it functions as intended in a follow-up meeting.
To ensure the best user experience, a talented front-end developer has been brought on to work on the Dogs Roulette user interface. Concepts have been provided and in the week that followed, the developer was going to present his ideas for the user interface. Forex indicated that the team was confident that everything will come together soon and an update can be shared quickly.
The Game Play
The goal of Dogs Roulette is to provide an interactive experience that feels like a smart contract, rather than a traditional game. It aims to mimic the feel of playing on a site like stake.com.
What Will Single Asset Lending Bring?
Another update that the team is working on is Single Asset Lending (SAL). Single Asset Lending ill provide the same utility as YFI on the ERC20 network, but with the added benefit of increased yield earning potential. This feature will be particularly attractive for anyone interested in staking single assets.
Previously, the team had been determining which bridge to use for lending single assets, but now it has been decided to build the feature to work with all bridges that are allowed.
The Single Asset Lending product will aggregate across multiple bridges to ensure the highest yield for the staked asset and then take the yield, swap it for the staked single asset token and compound it back into the principle (auto-compounding). The team is using bridges that have been recommended by Binance and have been thoroughly investigated and validated. With this update, users can expect to earn 15–20% APY on their single assets. The team is excited to release this update soon.
Wrapping up
Another AMA is already announced so we might get more recent updates regarding these two projects. For now this is the latest info we have. Sounds promising, so let’s see when we can expect it.
References
Website:
Wiki
Telegram channel The Animal Farm:
Telegram channel Forex Shark Calls:
Disclaimer
DYOR/NFA
Nothing in this article is to be considered as investment advice. The author or the publication cannot be held responsible for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links. Always DYOR.
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Disclaimer
DYOR/NFA
Nothing in this article is to be considered as investment advice. The author or the publication cannot be held responsible for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links. Always DYOR.
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Become a Medium Member
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