Catch up on the latest events in the Tokeverse with this edition of the Tokebase Dispatch!
Since the last Dispatch, the Tokemak team has hosted a series of Spotlight AMAs with C.o.R.E. candidates, issued a handful of official announcements, and kicked off C.o.R.E.3 with a fresh radio station.
Tokebase Site Update
You may have noticed that we've done some housekeeping on Tokebase, including a fresh theme and a new domain.
We want to be the hub for all things related to the Tokemak ecosystem, including Membrane and Exa, so we've "rebranded" the parent site to *based (as in, a "base" for anything) in preparation for the launch of these projects.
Collateralization of Reactors Event
As of this afternoon, C.o.R.E.3 has begun!
THORChain, Stargate, Silo Finance, ApeCoin, and Redacted are currently leading the pack – but as veteran Pilots know, this is unlikely to remain the case throughout the week. Stop by the #core3 and #the-leaky-reactor channels to shill your favorite contenders and hang out!
To learn more about the event, including voting requirements and bribes, check out our latest Pilot Manual:
C.o.R.E. Spotlight Interview Summaries
The team has been hosting C.o.R.E. candidates in a series of "Spotlight AMAs." Founders have an opportunity to discuss their projects, the reasons they are interested in a Reactor, and the potential value they could bring to Tokemak in return.
Each summary includes a full transcript and a link to the recording.
Upcoming Spotlight Events
- DODO - Tuesday May 3, 9am PDT [UPDATE: This event is being rescheduled]
- Immutable X - Tuesday May 3, 5pm PDT
- Paladin - Wednesday May 4, 10am PDT
- Goldfinch - Wednesday May 4, 11:30am PDT
- Badger DAO - Thursday May 5, 11am PDT
Hot off the Press
State of Tokemak
In an announcement, Carson dropped a slew of updates about market making, operations, and the future of Tokemak.
- A major exchange will be listing TOKE soon.
- Current annualized growth is ~$55M with only 20% of PCV deployed.
- Details about the new pAsset mechanic will be released soon.
- A roadmap outlining the path to the Singularity is in the works.
An announcement outlined plans to spin up a TOKE Meta-Reactor by creating a new Curve v2 TOKE/ETH pool. The team will work to secure a gauge and direct emissions towards this pool, allowing Liquidity Providers to earn CRV and CVX.
This will allow Tokemak to continue the plan to reduce emissions paid to TOKE/ETH LPs, which have historically been the largest source of TOKE sell pressure.
"Update: Pilots, today, we’re standing up and seeding a TOKE/ETH pool on Curve v2 ($1M in USD value worth of ETH, and $1M USD value worth of TOKE). Once the pool is established, the goal is to secure a Curve gauge in the near term. Once achieved, Tokemak will vote to direct incentives to the TOKE/ETH Curve v2 pool, enabling LP’ers to stake their LP tokens for CVX and CRV. This pool represents an interim step to creating liquidity through a TOKE Token Reactor (aka the "meta" TOKE Token Reactor) and part of our reduction of TOKE emissions strategy as identified in the recent Medium article." – end0xiii via Discord
KaizenDAO discusses DeFi's development and continuous problem with liquidity.
Fresh Radio Tunes
InternetPaul has dropped a new Tokemak Radio station: Affiliate Radio, featuring "real boomer rap."
That's all for this week's Dispatch! Subscribe to our email newsletter to receive the next issue directly in your inbox.