nova
/nova1106
Home of Nova DAO : https://novadao.io
The votes are in, and the community has had their say!
All votes were in favour of reducing the voting window down to one week. This will enable our development and operations to speed up decision-making processes.
All votes were in favour of reducing the voting window down to one week. This will enable our development and operations to speed up decision-making processes.
Today's world lore is about the Shimmering Fields!
Further afield from the Squashroom Forest lie the Shimmering Fields. Luminescent flowers, pink grass and gnarled roots grow across these fields. The flat terrain is easy to traverse, littered with food, resources and outposts for adventuring Gooeys to rest and share their tales at the campfire.
The Shimmering Fields are home to some monsters, an ideal hunting ground for Gooeys to hone their skills. Living stumps are known to roam these fields, attacking Gooeys brazen enough to approach. Statues from long-abandoned shrines can be found throughout, and perhaps a roaming spirit or two!
Further afield from the Squashroom Forest lie the Shimmering Fields. Luminescent flowers, pink grass and gnarled roots grow across these fields. The flat terrain is easy to traverse, littered with food, resources and outposts for adventuring Gooeys to rest and share their tales at the campfire.
The Shimmering Fields are home to some monsters, an ideal hunting ground for Gooeys to hone their skills. Living stumps are known to roam these fields, attacking Gooeys brazen enough to approach. Statues from long-abandoned shrines can be found throughout, and perhaps a roaming spirit or two!
GM $NOVA-nauts! Remember that there's just one day left in the current governance proposal to reduce the voting window duration.
Please have your say, it only takes a moment to vote!
https://snapshot.org/#/nova-dao.eth/proposal/0xb1cd8aa6bcc75986e6254f1b8c2d6e2c8b8722a8171004bda0c8384b12393306
Please have your say, it only takes a moment to vote!
https://snapshot.org/#/nova-dao.eth/proposal/0xb1cd8aa6bcc75986e6254f1b8c2d6e2c8b8722a8171004bda0c8384b12393306
Chalk one up for the "because we can" gang
USDO, Nova's dogecoin-backed stablecoin has now held the $1 peg for 229 days so far.
It remains over-collateralized by 261.565%; and until recently, stood as the *only* stablecoin available on Dogechain (bridged usdc & usdt arriving back in!)
USDO serves more as a technical showcase than anything else, as its inherent "safety first" mechanics makes it very difficult to grow in liquidity.
However, the protocol itself has stood through some deeply turbulent times in the market without breaking a sweat.
More importantly, USDO can function with *any* protocol - turning any token at all into a fully-fledged, and fully decentralized stablecoin.
USDO, Nova's dogecoin-backed stablecoin has now held the $1 peg for 229 days so far.
It remains over-collateralized by 261.565%; and until recently, stood as the *only* stablecoin available on Dogechain (bridged usdc & usdt arriving back in!)
USDO serves more as a technical showcase than anything else, as its inherent "safety first" mechanics makes it very difficult to grow in liquidity.
However, the protocol itself has stood through some deeply turbulent times in the market without breaking a sweat.
More importantly, USDO can function with *any* protocol - turning any token at all into a fully-fledged, and fully decentralized stablecoin.
Reminder: We currently have one governance vote open for another ~6 days! The DAO is voting to reduce the voting window duration to enable us to speed up the pace of decision-making, in line with the market heating up.
If you're planning on bridging to @base, please vote on Ethereum before bridging! Remember that it doesn't cost any gas to vote.
https://snapshot.org/#/nova-dao.eth/proposal/0xb1cd8aa6bcc75986e6254f1b8c2d6e2c8b8722a8171004bda0c8384b12393306
If you're planning on bridging to @base, please vote on Ethereum before bridging! Remember that it doesn't cost any gas to vote.
https://snapshot.org/#/nova-dao.eth/proposal/0xb1cd8aa6bcc75986e6254f1b8c2d6e2c8b8722a8171004bda0c8384b12393306
One of the protocols we support with our custom DeFi/Yield codebase is DeFi Girls; a collection of 6,765 NFTs on Polygon.
Their request was simple; they had a treasury which they wanted to put to work for their holders.
We developed a suite of DeFi tools that allowed us to get their treasury into concentrated liquidity balancers, track the fees/rewards, and distribute it evenly among every NFT holder each month.
To date, our LP management has racked up a total of 18.69 ETH in fees for their community, all distributed via smart contract based on how many NFTs any individual owns. Approximately 20% of the fees went directly to Nova, fuelling our own growth.
This is the basis behind upcoming releases under Nova such as /cypher - building sustainable and long-lasting reward systems from real yield.
In everything we build, we aim for real revenue generation & sustained growth to boot. We're hugely looking forward to putting these strategies to work for everyone at Nova over the upcoming cycle.
Their request was simple; they had a treasury which they wanted to put to work for their holders.
We developed a suite of DeFi tools that allowed us to get their treasury into concentrated liquidity balancers, track the fees/rewards, and distribute it evenly among every NFT holder each month.
To date, our LP management has racked up a total of 18.69 ETH in fees for their community, all distributed via smart contract based on how many NFTs any individual owns. Approximately 20% of the fees went directly to Nova, fuelling our own growth.
This is the basis behind upcoming releases under Nova such as /cypher - building sustainable and long-lasting reward systems from real yield.
In everything we build, we aim for real revenue generation & sustained growth to boot. We're hugely looking forward to putting these strategies to work for everyone at Nova over the upcoming cycle.
Finally on base! Bought some :)
A few details on the incorrect data about our token you might be seeing on DexScreener and other sites. ☝️🐱
gm all! Some quick house-keeping on $NOVA ( CA: 0x7Cea109FC3516eD1248ae9AA67B5a352cF74075e )
- Go+ Security is trash tier, and flags a bunch of alerts on every token that's set up via the Optimism Superbridge. There is no mint function, nor ability for the owner to change your balance. We're in touch with them to get that fixed up.
- The owner is not renounced; this isn't a memecoin 😬, the contract is owned and controlled by the DAO! Ownership will be transferred to the DAO Multisig over the next few days (after verifying the deployer via basescan etc).
- The total supply is also off on dexscreener; once coingecko updates with our base contract, this will be shown correctly. The starting supply was 1.4bil, which was reduced to 940mil following burns. The circulating supply is around 670mil; with the remainder owned by the DAO Multisig (i.e: you, the community).
We expect we'll have all the above sorted within the next few days. And a massive welcome to everyone joining us! 💙
- Go+ Security is trash tier, and flags a bunch of alerts on every token that's set up via the Optimism Superbridge. There is no mint function, nor ability for the owner to change your balance. We're in touch with them to get that fixed up.
- The owner is not renounced; this isn't a memecoin 😬, the contract is owned and controlled by the DAO! Ownership will be transferred to the DAO Multisig over the next few days (after verifying the deployer via basescan etc).
- The total supply is also off on dexscreener; once coingecko updates with our base contract, this will be shown correctly. The starting supply was 1.4bil, which was reduced to 940mil following burns. The circulating supply is around 670mil; with the remainder owned by the DAO Multisig (i.e: you, the community).
We expect we'll have all the above sorted within the next few days. And a massive welcome to everyone joining us! 💙
I've just published one more @novadao governance vote on behalf of the DAO! Proposal to reduce the governance voting window to 1 week (currently 2 weeks). 2w is excessive, especially when we have multiple proposals depending on the previous outcome... can be a real process blocker.
Be sure to cast your vote, $NOVA holders!
Be sure to cast your vote, $NOVA holders!
gm $NOVA-nauts, another governance vote has been published!
Proposal to reduce voting window from 2 weeks to 1 week. This will reduce blocked processes and shouldn't impact voter turnout.
Read all the deets below, and be sure to cast your vote!
https://snapshot.org/#/nova-dao.eth/proposal/0xb1cd8aa6bcc75986e6254f1b8c2d6e2c8b8722a8171004bda0c8384b12393306
Proposal to reduce voting window from 2 weeks to 1 week. This will reduce blocked processes and shouldn't impact voter turnout.
Read all the deets below, and be sure to cast your vote!
https://snapshot.org/#/nova-dao.eth/proposal/0xb1cd8aa6bcc75986e6254f1b8c2d6e2c8b8722a8171004bda0c8384b12393306
$NOVA liquidity is on the shift! 👀
ATTN Novanauts; expect to see our liquidity shift as we complete our migration to /base!
https://x.com/0xNovaDAO/status/1838986255062945978
https://x.com/0xNovaDAO/status/1838986255062945978
A bit of world lore for you today:
The Squashroom Forest is a tranquil place, home to giant squashrooms: a type of squash-mushroom. Squashrooms solidify over the years as they grow large, but the younger ones are soft and bouncy. An abundance of shallow streams flow through the forest, with plentiful fish.
The forest is littered with small villages, where Gooeys fish and send their wares to the main market towns. It's a peaceful place with few dangers and many friendly folks.
The Squashroom Forest is a tranquil place, home to giant squashrooms: a type of squash-mushroom. Squashrooms solidify over the years as they grow large, but the younger ones are soft and bouncy. An abundance of shallow streams flow through the forest, with plentiful fish.
The forest is littered with small villages, where Gooeys fish and send their wares to the main market towns. It's a peaceful place with few dangers and many friendly folks.
> See you soon, based brothers.
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Ahoy folks! Just a gentle reminder for those that haven't yet voted: we currently have two governance votes open, both ending in just over a day!
Please take a minute to vote, remember it doesn't cost any gas! Your input is valued in these important votes, as they will dictate the immediate future path we take! 🙏
1 - Bridge/Migrate to Base
https://snapshot.org/#/nova-dao.eth/proposal/0x5ad52ef91038e6066c918a07ba6a14c260901d8879526fb60870ad3f5452b50c
2 - Removal of $NOVA token tax
https://snapshot.org/#/nova-dao.eth/proposal/0x847ccbc0a03dbdc356381da97040c52e31e2b39ad739cb44dc6c712c8fbe3281
Please take a minute to vote, remember it doesn't cost any gas! Your input is valued in these important votes, as they will dictate the immediate future path we take! 🙏
1 - Bridge/Migrate to Base
https://snapshot.org/#/nova-dao.eth/proposal/0x5ad52ef91038e6066c918a07ba6a14c260901d8879526fb60870ad3f5452b50c
2 - Removal of $NOVA token tax
https://snapshot.org/#/nova-dao.eth/proposal/0x847ccbc0a03dbdc356381da97040c52e31e2b39ad739cb44dc6c712c8fbe3281
Honey wake up: new Gooeys article just published! 🔥👀
Read all about our upcoming title, Based Gooeys, which will be our first GameFi release on @base! Whether you're a returning or new player, you'll want to check out what Nova has been cooking!
It will feature significant additions and improvements from Gooeys Classic and we're hyped to share more in our latest Medium--check it out and pass on the good word!
https://studionova.medium.com/announcing-based-gooeys-4cbc6049e452
Read all about our upcoming title, Based Gooeys, which will be our first GameFi release on @base! Whether you're a returning or new player, you'll want to check out what Nova has been cooking!
It will feature significant additions and improvements from Gooeys Classic and we're hyped to share more in our latest Medium--check it out and pass on the good word!
https://studionova.medium.com/announcing-based-gooeys-4cbc6049e452
A massive proposal today from the Nova Council - should $NOVA bridge, or migrate liquidity to @base? 🙀🔵
The council have opted for a full liquidity migration - allowing $NOVA to flourish on what's fast becoming the retail L2 of choice!
Make sure to have your say and vote in this critical governance proposal!
https://snapshot.org/#/nova-dao.eth/proposal/0x5ad52ef91038e6066c918a07ba6a14c260901d8879526fb60870ad3f5452b50c
The council have opted for a full liquidity migration - allowing $NOVA to flourish on what's fast becoming the retail L2 of choice!
Make sure to have your say and vote in this critical governance proposal!
https://snapshot.org/#/nova-dao.eth/proposal/0x5ad52ef91038e6066c918a07ba6a14c260901d8879526fb60870ad3f5452b50c
A very big proposal was put forth to the Nova community today; should the $NOVA token bridge, or fully migrate liquidity to /base?
Eggo and the Nova Council have opted for fully moving liquidity to Base.
Get your say in, hodlers 👇
https://shorturl.at/pcqFv
Eggo and the Nova Council have opted for fully moving liquidity to Base.
Get your say in, hodlers 👇
https://shorturl.at/pcqFv