Newsletter is here! Reminder that Poker Game is this Sunday (18th) at 1pm EST/6pm UTC. Stay tuned on Poker discord channel https://dropsdao.substack.com/p/drops-dao-newsletter-c0a

Drops DAO event Collab with BAYC Philippines: https://twitter.com/dropsnft/status/1604538749362515968

Happy holidays dear frens!

We’re all in this together and have survived one of the stormiest timelines in crypto history. As the saying goes what doesn’t kill us makes us stronger, we’re dedicated to make it worthwhile for those that stick around.

We’re appreciate that you’re still with us, and would like to deeply thank you for reading our newsletter, opening telegram chat or discord.

As a token of appreciation we’re launching a free “Proof of Frens” NFT, which can be minted below:

https://galxe.com/DropsDAO/campaign/GCVfnUw4Xd

This NFT will grant you a “fren” role on Discord and hopefully will remind you of all frens you made along the way.

Ahoy aboard!

New governance proposal is awaiting your vote on:

“DIP-5 List Milady in Pool 2 (Lake)”

https://snapshot.org/#/dropsdao.eth/proposal/0x103028846350c08e02526d82f5dad74103466d0627b2670b314a549323938dd5

Voters will be able to claim Dropsmanship governance NFT on Polygon.

Ahoy fellow degens, We're going to start doing bi-weekly community calls to hear all community voices and share update about everything what's happening under the hood.

First call will happen on Discord stage, Feb 10 at 4pm UTC
Feel free to share any questions under discord post. They will be answered during the AMA session.
https://discord.com/channels/807268748112560138/1072157043839991938

Proposal DIP-5 List Milady on Pool 2 (lake) has been successfully passed.

If you voted on snapshot, claim your POAP NFT below.

Only 12 whitelists, minting expires on Feb 11

https://galxe.com/DropsDAO/campaign/GCdY7U4mci

Milady is live on Drops pool 2 and SweepMax
https://twitter.com/dropsnft/status/1623279418247462912

Updates on AMA and Poker night!

Today at 4 pm UTC we will be hosting AMA on Dropsmanship Discord stage https://discord.gg/6DSNXpa5
You can can ask your questions here: https://discord.com/channels/807268748112560138/1072157043839991938

Poker Night!
Tomorrow, Feb 11 - at 1pm EST / 6pm UTC we will host a Poker night.
Join Poker channel here: https://discord.gg/FaHWJsjwzg

Winner will grab 200 DOP

Partnership announcement!
insrt finance x Drops = NFT yield meets leverage
👇
https://twitter.com/dropsnft/status/1625175170968174598

New proposal to list NFTX xTokens as collateral on Drops pool is up for discussion.
By listing xTokens we will enable leverage farming for NFTX users.

Voice your thoughts👇
https://discord.com/channels/807268748112560138/1075454828920193114

We partnered with Spice Finance to bring more liquidity to Drops pools and enable leveraged yield for Spice vaults
https://twitter.com/spice_finance/status/1626272687612997632

Governance vote to list xTokens on Drops pools is live.
Voting closes on Feb 23, 1pm EST / 5pm UTC

After the vote participants will be able to mint governance POAP NFT
https://snapshot.org/#/dropsdao.eth/proposal/0x3dd6a1872803cb993d6c85fa930d62aa3a6def0ffcc5bf561f47eec6f694891c

We’re excited to announce partnership with NFTX. Drops will xTokens to be used as collateral.

It will allow NFTX users to create leveraged yield and self repaying loans.
Read more👇
https://twitter.com/dropsnft/status/1628816550005202950

P.S. Everyone that participated in the DIP-6 governance vote can mint POAP NFT
on Galxe
https://galxe.com/DropsDAO/campaign/GCtjqU4yhB

⚠️ Planned maintenance work ⚠️
Tomorrow, on the 1st of March from 7pm until 10pm UTC we’re going to conduct drops.co maintenance work.

App interface will be temporarily unavailable.

We apologize for the inconvenience and thank you for understanding.

Bear in mind you can still interact with the protocol directly through etherscan.

Drops smart contracts can be found below
https://docs.drops.co/links/smart-contracts

Fidenza & Ringers collections got added to Drops Art Blocks pool

https://twitter.com/dropsnft/status/1631359863493197827

We’ve added the support of NFTX xTokens on Drops.

xPUNK, xMEEB, xWIZARD, xMILADY or xSQGL with up to 65% LTV.

Over 250 ETH is available for your degen needs.

https://twitter.com/dropsnft/status/1632811329957273600

1 more step towards lower DOP emissions.

We’ve updated lending pool contracts which now allow to disable rewards for borrowing.

Borrowing incentives have been set to 0.

Total emissions on lending pools have been reduced from 12,000 -> 7000 DOP/month.

Total DOP emissions now look as following:

DOP LP staking: 6000/mo

Lending pools: 7000/mo

veDOP: 18,000/mo

Total: 31,000 DOP/mo

We’re committed to reduce DOP inflation further.

By the end of March:

Launch of esDOP will further decrease sell pressure from lending pool incentives.

DOP LP incentives will be reduced and transferred to Bunni protocol that incentivizes Uni v3 pairs.

Drop your questions that will be answered tomorrow during Dropsmanship call

https://discord.com/channels/807268748112560138/1083429093862821910

Dropsmanship call starts in 7 minutes
https://discord.com/channels/807268748112560138/1073522794089955368

We're thrilled to share that the DOP/ETH gauge vote on Bunni has been successfully passed!

This means that our LP on Uniswap v3 will now be able to receive incentives with LIT tokens. Liquidity providers will be able to have higher APY and DOP emissions will be reduced.

We're excited about this development and look forward to sharing more updates with you soon.

DOP emissions are set to decrease even further.

A governance proposal has been approved on Bunni.pro to increase the rewards cap for DOP-WETH LP from 2% to 10%.

This means that more Bunni LIT tokens can be used for incentives, resulting in higher APRs.

The current DOP-WETH LP staking program on Drops is scheduled to close within the next two weeks.

Reducing monthly emissions by another 6000 DOP.

Soon emissions will look in the following way:

DOP LP staking: 0

Lending pools: 7000/mo

veDOP: 18,000/mo

Total: 25,000 DOP/mo