Cheer Yourself Up with Cute NFTs and A Cup of DeFi “Smoothie”

2021-04-06 08:50:00 · 1909 views · 4 min read

 

Feel the spring coming? Time to cheer yourself up from the cold winter! Introducing 2 new dapps that will bring you a colourful mood with cute frog NFTs and a cup of DeFi “smoothie”! 
 

 

Ribbits

 

Ribbits is a unique set of 1,000 collectable and tradable grog themed NFTs based on the ERC721 standard on the Ethereum blockchain. Each NFT of this special collection is a lovely frog character with its own features and outfits. 


 

Each Ribbit can initially be claimed from the contract for 0.1 ETH via the website.

Currently, 465 out of the 1,000 Ribbits have already been claimed. The rest are left to be collected by NFT lovers.

 

 

You can also trade Wrapped Ribbits (wRBT). Wrapping Ribbits transforms them from an ERC-721 token to ERC-20 tokens which are tradable on exchanges like Uniswap. Each Ribbit wrapped provides 1 wRBT token and any Ribbit held by the wRBT contract can be unwrapped and sent to you in exchange for 1 wRBT.

The wRBT price in Uniswap at the time of writing is 0.08389 ETH, with a total supply of 29 wRBT tokens. You can wrap or unwrap your Ribbits NFTs on the Ribbit website.

 

 

 

Smoothy BSC

 

Smoothy is a novel stablecoin swapping protocol that is capable of supporting multi stablecoins in a single pool with low-cost low-slippage swapping and maximum interest earning for LPs. You can regard it as a challenger of Curve finance. 

 

 

Features of Smoothy:

  • Reduce the gas fee by algorithm optimization

 

  • Single pool supporting multiple stablecoins with better liquidity

(Source: Smoothy Medium)

 

 

  • Maximum LP reward

In addition to governance token earnings, liquidity providers can gain swap fees together with interest earning and lower gas fees.

 

  • Zero-slippage swapping algorithm

Smoothy developed a SmoothSwap algorithm that can guarantee 1:1 ratio swap most of the time if the percentage of the token in the pool is lower than soft weights; if not, a swap is still allowed by imposing a penalty fee as slippage.

The current 8 stablecoins supported by Smoothy are USDT, USDC, DAI, TUSD, sUSD, BUSD, PAX, GUSD. The protocol endeavours to make sure they trade at 1:1 for most of the time.

 

 

Comparing Smoothy BSC and Smoothy Ethereum

Smoothy launched on Binance Smart Chain at 2 am UTC time on March 30th, and held an initial mining and airdrop event. 

Maybe due to the initial mining and airdrop event, Smoothy BSC's data all go up: the 7d users have increased to 36.68K by 183.62%. The 7d volume experienced a 44.52% growth to 176.52M. Total 301.14K transactions happened on the protocol in the past 7 days with a sharp increase of 248.82%. 

 

 

However, for Smoothy on the Ethereum blockchain, all the on-chain users, transactions and volume have dropped. The active users decreased by 64.55% in the past 7 days to 369. The 7d volume was just $48.21M with a 65.29% drop. The 7d transactions witnessed a 69.03% decrease to 1.21K.

 

 

Launched less than 7 days on BSC, the users, transactions and volume of Smoothy BSC have all exceeded the Smoothy ETH. 

 


 

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