December 21, 2021
Entropyfi is building a gamified yield platform. Entropyfi can provide users a more engaging staking experience and provide projects a more sustainable locking mechanism. In addition, as the staking mechanism becomes a central part of DeFi, we think Entropyfi can create a lot of synergy with other DeFi projects on the Polygon ecosystem.
Entropyfi 2.0 will soon launch in January 2022. Entropyfi 2.0 will bring users fun ways to stake their $ERP tokens, play interesting games, and earn stable coins and $ERP income, funded by an Entropyfi Endowment. The games can come from a wide range of topics, such as predicting whether Metamask will issue a token or not, or something funny as to whether Vitalik Buterain will change his Twitter profile picture or not. We believe that Entropyfi 2.0 can incentivize many users to stay engaged in the web3 conversation, regardless of the market condition.
In addition to Entropyfi 2.0, Entropyfi will soon launch its Entropyfi PRO service in Q1 2022. Entropyfi PRO is a program designed for our partners to run sustainable staking programs. We believe that Entropyfi 2.0 can contribute to Polygon ecosystem by providing a useful service that can increase the token utility for the partners.
Stage 1: In stage 1, Entropyfi PRO should have distributed its first half of the grants ($50k) to 2 to 3 different partners’ Endowment programs. Each Partner will receive $15k ~ $25k in subsidy for their endowment program, which will support the rewards for approximately 6 weeks. Each partner’s endowment will have attracted at least $500k of TVL, by the end of the first stage; $25,000
Stage 2: In stage 2, as the previous stage shows the effectiveness of Entropyfi PRO, we anticipate that there will be more partner projects applying to our Entropyfi PRO program. We will distribute the second half to the grants ($50k) to about 5 partners’ Endowment programs. By the end of the stage 2 distribution, the entire Entropyfi PRO platform should have attracted approximately $15m in TVL; $25,000