Decentral Games Newsletter #4
Weekly Update - February 14, 2021
Welcome to the 4th edition of the Decentral Games Newsletter! Our objective is to keep the Decentral Games community informed regarding upcoming events, news, product updates, and governance proposals. If you’re interested in learning more about Decentral Games, join our Discord and follow our Twitter.
Last Week’s Summary
The Decentral Games DAO treasury grew from $1.8 million USD to $2.4 million USD, and the first governance vote to allocate gameplay treasury funds passed!
22.5% of the gameplay treasury will be moved into ETH and matched with equivalent $DG to provide liquidity in the Uniswap ETH-DG pool. An additional 22.5% will be allocated to earn a yield on DAI with specifics to be finalized in a subsequent proposal. Join the dialogue here.
Last week, we completed the following:
Monday, February 8
Deployed DG Governance Forum to better track community discussion/debate
Live auctioned the first $DG Animated Short Film NFT ‘Degen Pepe’ for 4.2 ETH ($7,000 USD)! | Tweet
Hosted a FREE PLAY Casino Night featuring a DJ set and $650+ USD in prizes | Tweet
Tuesday, February 9
Increased Uniswap ETH-DG LP Rewards from 600 to 1,000 DG per week, and removed Balancer MANA-DG and DAI-DG LP Rewards in response to Update LP Rewards Logic Starting 2/9 gov proposal
Announced increase in weekly community rewards for a total of $7,000+ USD per week | Blog post
Hosted Casino Night featuring a DJ set and $2,400+ USD in prizes | Tweet
Wednesday, February 10
$DG DAO Treasury hits $2 million USD! | Tweet
Dynamic $DG Gameplay Rewards Rates gov proposal passed, which allows the DG team to adjust gameplay rewards rates in response to market conditions to target half of player’s expected losses
Thursday, February 11
Hosted Casino Night featuring a PROBCAUSE set and $2,400+ USD in prizes | Tweet
Friday, February 12
Hosted FREE PLAY Casino Night featuring a DJ set and $650+ USD in prizes with WIP Crew | Tweet
Finalized slider module for raising a custom bet in poker
Saturday, February 13
Treasury Distribution gov proposal passed, which allocates 22.5% of the gameplay treasury for liquidity provision in the Uniswap ETH-DG pool and 22.5% to a DAI yield to be determined
Increase Governance Rewards gov proposal passed, which raises $DG governance rewards from 400 DG per week to 1,000 DG per week starting February 23 (for 5 weeks)
Added My NFTs tab to account page to display player’s $DG NFTs in wallet
Added affiliate link modal to account page and $DG page for easier access
Press
This Week’s Events
Virtual events bring the community together each week to play games, hang out, enjoy live music, discuss $DG governance, and win prizes! Don’t miss out on the following events this week:
Monday, February 15
Casino Night with Emanate DJ performance @ 9pm - 10pm UTC featuring $2,400+ USD in prizes | RSVP | Add to Calendar | Hop in
Tuesday, February 16
Mattie Live Art NFT Auction @ 10pm - 11pm UTC featuring $400 USD in prizes | RSVP | Add to Calendar | Hop in
Wednesday, February 17
FREE PLAY Casino Night with WIP Community @ 8:30pm - 9:30pm UTC featuring $650+ USD in prizes | RSVP | Add to Calendar | Hop in
Thursday, February 18
$DG Hodler Round Table @ 7pm - 8pm UTC featuring $250+ USD in prizes | RSVP | Add to Calendar | Hop in
Friday, February 19
Casino Night with Emanate DJ performance @ 9pm - 10pm UTC featuring $2,400+ USD in prizes | RSVP | Add to Calendar | Hop in
This Week’s Deliverables
We are focused on the following items this week:
Move 22.5% of the gameplay treasury into ETH, match with equivalent $DG, and enter the Uniswap ETH-DG pool as an LP, add UNI V2 ETH-DG token value to treasury dashboard
Discuss with community and determine with DAO which DAI yield to use for treasury allocation
Optimize roulette and blackjack smoothness/scalability for large events
Determine meme competition winners and distribute prizes
Add guided website onboard to streamline UX for first time players
Prepare poker for closed beta testing next week
Active Governance Proposals
Strategic partnerships for custom venues, which would allow the DG team to negotiate strategic partnerships by offering a percentage of the house rake paid quarterly for that venue
Have a great week! 🚀 $DG
About Decentral Games
Decentral Games is the first DAO-governed metaverse casino. $DG hodlers vote on treasury management, economic policy, and game development to grow and strengthen the $DG ecosystem.
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