Minimum bid: 0.10 ETH
Degen Dogs combine NFTs with DeFi. The degenerative art is inspired by Cryptopunks. The treasury aspect is inspired by Nouns. The DeFi and money streams aim to explore a new community that collides the worlds of NFTs and DeFi into a new type of crypto dog off-leash park. Grab your Dog and join the Club.
Degen Dogs is a submission for the 2021 ETHOnline Hackathon, and is powered by Superfluid, Uniswap, Chainlink, Compound, DAI by Maker, and hosted on Skynet. The website (dapp) HTML and CSS are modified from Nounds DAO, as is the Auction House contract, which was itself modified from the Zora Auction House contract -- used under a GPL licence. Nouns is a very interesting project, check it out.
The Dog Auction Contract will act as a self-sufficient noun generation and distribution mechanism, auctioning one noun every 24 hours, as long as there are dogs needing a new home.
Each time an auction is settled, the settlement transaction will also cause a new dog to be minted and a new auction to begin.
While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction dogs as long as Ethereum is operational and there are interested bidders.
Degen Dogs is an experiment that combines NFTs and DeFi. The proceeds of each auction are sent to the treasury. That's when the DeFi Dog magic starts:
Chew on that!
Degen Dogs are currently on testnet. The plan for a mainnet launch would include a DAO to manage the Club and treasury. To start, this might be comprised of a small number of Dogfathers, with all Dog owners automatically joining the DAO. Bark if you want in.
Degen Dogs are composed of multiple traits, including:
Degen Dogs are dogs in the same spirit as the Cryptopunks. We call it degenerative art.
Future dogs may be submitted and voted on by the club, with winning artists earning a cut. Stay tuned.
These Dogs are just getting started. Possible next steps and additonal features include: