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Boba Network technical roadmap 2022

March 1, 2022

Boba Network - Alan, Jan & Pepe

WAGMI v1 is here!

This month’s update brings some exciting changes to the WAGMI program – read on for all the details!

1. Recap

WAGMI is Boba’s spin on traditional liquidity mining. The program, developed in conjunction with UMA Protocol, supports projects deployed on Boba by allowing them to offer additional incentives to users in the form of ‘WAGMI Options’. These WAGMI Options are “KPI Options” (key performance indicators) with payouts based on the performance of Boba Network over a one month period. After the options period ends, users will be able to redeem their WAGMI Options for BOBA tokens based on the network metrics of the following month.

With WAGMI, incentives are aligned between all stakeholders and we’re all rewarded together for taking actions that contribute to long-term and sustainable ecosystem growth.

Think of it as Liquidity Mining 2.0.

Each new month introduces a new cohort of program partners, offering new and interesting incentive opportunities again and again. WAGMI v0 started in February 2022 with a KPI of Total Boba Network TVL. You can find more info about WAGMI v0 here and here or look for a recap article coming soon!

2. What’s New in WAGMI V1?

 

We’ve added 5 new partners to our existing v0 cohort:

 

The range for options redemption is now 1 WAGMI = 0.5 to 10 BOBA, compared to last month’s range of 1 WAGMI = 1.0 to 2.0 BOBA!

Finally, the TVL benchmark has changed from USD to ETH. We’re benchmarking ETH, because we believe ETH is money, and the change allows for a more dynamic and market-sensitive determination of program performance.

3. WAGMI v1 KPI Design

The KPI for WAGMI v1 is the TVL of the Boba network for the month of April 2022, measured in ETH.

The options are redeemable as follows:

  • If Boba April TVL < 70,000 ETH: $WAGMIv1 is redeemable for 0.5 $BOBA
  • If Boba April TVL is between 70,000 ETH and 375,000 ETH: $WAGMIv1 scales linearly from 1-10 $BOBA
  • If Boba April TVL > 375,000 ETH: $WAGMIv1 is redeemable for 10 $BOBA

TVL will be calculated on the April 2022 TWAP of TVL to prevent short term attempted manipulation. The official source for Boba TVL will exist on the WAGMI page and is also available on L2 Beat.

4. How to Participate and Earn Rewards

Each WAGMI participating partner receives a set allocation of WAGMI v1 tokens and can choose how to allocate rewards. Visit each of the partner dApps to learn how to participate on each of their platforms!

5. Important links

Don’t forget to check out the following links:

Bridge to Boba: https://gateway.boba.network or https://bobabridges.com

WAGMI program documentation and FAQs: Boba Network – WAGMI docs

Original WAGMI announcement thread: Boba Network – Twitter thread, WAGMI

WAGMI v0 Litepaper: Boba Network – WAGMI v0, litepaper

6. About Boba Network

Boba Network is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of Ethereum. Our Ethereum Virtual Machine (EVM) equivalent Layer 2 ORU helps Ethereum smart contracts scale while delivering a delightful user experience. 

Boba’s proprietary Hybrid Compute technology enables Ethereum developers to build dApps that trigger code executed on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are far too expensive, far too slow, or otherwise practically impossible to execute on-chain.

Boba Network aims to deliver a faster, cheaper, more seamless experience for the next billion users of Ethereum.

Connect With Boba:

Website: https://boba.network/

Twitter: https://twitter.com/bobanetwork

Discord: https://discord.com/invite/YFweUKCb8a

Telegram: https://t.me/bobanetwork

Github: https://boba.eco/github

Boba Network WAGMI v1 Release Notes

March 1, 2022

Boba Network - Alan, Jan & Pepe

WAGMI v1 is here!

This month’s update brings some exciting changes to the WAGMI program – read on for all the details!

1. Recap

WAGMI is Boba’s spin on traditional liquidity mining. The program, developed in conjunction with UMA Protocol, supports projects deployed on Boba by allowing them to offer additional incentives to users in the form of ‘WAGMI Options’. These WAGMI Options are “KPI Options” (key performance indicators) with payouts based on the performance of Boba Network over a one month period. After the options period ends, users will be able to redeem their WAGMI Options for BOBA tokens based on the network metrics of the following month.

With WAGMI, incentives are aligned between all stakeholders and we’re all rewarded together for taking actions that contribute to long-term and sustainable ecosystem growth.

Think of it as Liquidity Mining 2.0.

Each new month introduces a new cohort of program partners, offering new and interesting incentive opportunities again and again. WAGMI v0 started in February 2022 with a KPI of Total Boba Network TVL. You can find more info about WAGMI v0 here and here or look for a recap article coming soon!

2. What’s New in WAGMI V1?

We’ve added 5 new partners to our existing v0 cohort:

 

The range for options redemption is now 1 WAGMI = 0.5 to 10 BOBA, compared to last month’s range of 1 WAGMI = 1.0 to 2.0 BOBA!

Finally, the TVL benchmark has changed from USD to ETH. We’re benchmarking ETH, because we believe ETH is money, and the change allows for a more dynamic and market-sensitive determination of program performance.

3. WAGMI v1 KPI Design

The KPI for WAGMI v1 is the TVL of the Boba network for the month of April 2022, measured in ETH.

The options are redeemable as follows:

  • If Boba April TVL < 70,000 ETH: $WAGMIv1 is redeemable for 0.5 $BOBA
  • If Boba April TVL is between 70,000 ETH and 375,000 ETH: $WAGMIv1 scales linearly from 1-10 $BOBA
  • If Boba April TVL > 375,000 ETH: $WAGMIv1 is redeemable for 10 $BOBA

TVL will be calculated on the April 2022 TWAP of TVL to prevent short term attempted manipulation. The official source for Boba TVL will exist on the WAGMI page and is also available on L2 Beat.

4. How to Participate and Earn Rewards

Each WAGMI participating partner receives a set allocation of WAGMI v1 tokens and can choose how to allocate rewards. Visit each of the partner dApps to learn how to participate on each of their platforms!

5. Important links

Don’t forget to check out the following links:

Bridge to Boba: https://gateway.boba.network or https://bobabridges.com

WAGMI program documentation and FAQs: Boba Network – WAGMI docs

Original WAGMI announcement thread: Boba Network – Twitter thread, WAGMI

WAGMI v0 Litepaper: Boba Network – WAGMI v0, litepaper

6. About Boba Network

Boba Network is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of Ethereum. Our Ethereum Virtual Machine (EVM) equivalent Layer 2 ORU helps Ethereum smart contracts scale while delivering a delightful user experience. 

Boba’s proprietary Hybrid Compute technology enables Ethereum developers to build dApps that trigger code executed on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are far too expensive, far too slow, or otherwise practically impossible to execute on-chain.

Boba Network aims to deliver a faster, cheaper, more seamless experience for the next billion users of Ethereum.

Connect With Boba:

Website: https://boba.network/

Twitter: https://twitter.com/bobanetwork

Discord: https://discord.com/invite/YFweUKCb8a

Telegram: https://t.me/bobanetwork

Github: https://boba.eco/github