As the ancient Chinese chad Lao Tzu once said — ‘The journey of a thousand miles begins with one step.’
Today at 21:00 UTC (approximately half an hour from now), we as a chadmunity will take that first step. We are excited to announce the launch of our Chads of DeFi NFT Farming program. This event marks the beginning of our journey into the world of non-fungible tokens (NFTs), a journey which will eventually lead us to chadhalla. More details on our NFT chadmap can be found at the end of this article.
The Chads of DeFi Season 1 Collection
Our Chads of DeFi Season 1 series will initially launch with six cards — three commons and three rares. These cards are mintable at our farming interface chads.limited using CHADLETs.
Season 1 Common Series
- Sam the Slick (Sam Bankman-Fried)
- Blood Lau (Daryl and Darren Lau)
- The Common Virgin (Anthony Sassano)
Season 1 Rare Series
- Andre the DeFiant (Andre Cronje)
- Waifu Warrior (DegenSpartan)
- SINdicate (Benn Godenzi)
CHADLETs are a nontransferable proof of chad granting ethereum addresses the ability to mint Chads of DeFi NFTs. CHADLETs can be mined by staking CHADS/ETH LP tokens on our farming interface. A maximum of 69 CHADLETs can be minted per day with a maximum staking amount of 1104 liquidity provider (LP) tokens per ethereum address. See this article for instructions on how to obtain CHADS/ETH LP tokens.
Common cards will have a maximum supply of 1000 each and require 69 CHADLETs (one day of farming at maximum stake) to mint. Rare cards will have a maximum supply of 100 each and require 420 CHADLETs (~6.1 days of farming at maximum stake) to mint. To mint an NFT, click the ‘Buy Now’ button on chads.limited once you have enough CHADLETs to afford it.
Lottery
In staying true to the spirit of DeFi, we will reward the most degen among those who participate in our farming program using a lottery system. Once a week, a random minter of a common card (1 mint = 1 ticket) will be airdropped a rare NFT. Furthermore, we will periodically airdrop one of a kind NFTs to minters of rare NFTs (1 mint = 1 ticket).
After the launch of CHADSWAP Phase I (details here), you will be able to mint legendary Season 1 NFTs by supplying liquidity to our CHADS/STACY LP pool and mining BABIES. There will be three legendary NFTs as part of our Season 1 Chads of DeFi collection. More details to follow after STACY farming launch.
The Chadmap
Though we are excited about the first steps our chadmunity is taking into the world of NFTs, this is far from the final step in our journey. Here are just a few of the stops on our journey to chadhalla:
- Our CHADS of DeFi community competition is still ongoing until October 4th, 12 PM UTC (~5 days from now). Top prize wins 100,000 CHADS ($10,000 at current price) and gets their entry made into a mineable NFT. You can enter the competiton in our discord
- STACY mining goes live with our launch of CHADSWAP (timeline details TBD after NFT farming launch), after which it will be possible to mine legendary season 1 NFTs on our farming platform
- NFTs for our Chadvolution game are currently being created by a world class artist who has worked for such famous musicians as Miley Cyrus and Young Thug. Not only will these NFTs feature best-in-class artwork and custom sound design, they will also have novel use cases 👀. The only way to mint these NFTs is to maintain a Chadvolution level over a set period of time (TBD). This will be applied retroactively since trading start to reward OG CHADS holders. Tokens held in CHADS/ETH LP and NFT/yield farming contracts will be counted — liquidity providers are the bedrock of our chadmunity
- Once Moonbeam mainnet is launched, we will migrate CHADS and CHADS ecosystem NFTs to Polkadot, ascending onto the chaddest blockchain in the cryptoverse. Many novel use cases await us in this bold new frontier.
“We choose to go to the Moon in this decade and do the other things, not because they are easy, but because they are hard” — John F. Kennedy, an American chad
