Fr0x Weekly Report #1

Dank Morning fr0xers!

Hooo Mirror, my beautiful mirror, now that the project is more and more fully constituted and the roadmap gives more visibility, the time has come to be more loquacious.

The aim is to keep you informed on a weekly basis, so don't forget to activate the notifications here and on Twitter.

Treasury

It's been a month and a half since the project was launched from scratch on Fantom.

Slowly but surely, the effects of the liquidity grabber have had a positive impact on treasury.

So much so, that in this short space of time we've already reached several thousand dollars in assets under management.

And all this without any active cash management or income of any kind.

Which augurs well for the future when the first dividends are paid to the staking contract and we can flex our fine CT positions.

As of February 15, here's the status of our positions:

- 8,900 FTM

- 465M fr0x

- 147 Equal (veNFT)

- 658 MSLP (Mummy Stable Liquidity Provider)

- 333 vMMY

Total value of $7872.

NFT

The last few weeks of debate and opinion-sharing have led to a recent consensus on the usefulness of the 'Fr0xers', the collection of NFTs that will unite a community, create an interesting game theory around APR arbitrage, and have the immediate effect of boosting treasury in order to move ahead more rapidly with the execution of the roadmap.

Since 2024 is not a year like any other, we took advantage of this to set the mint date at February 29.

A snapshot of the fr0x token holders will be taken between now and February 27. This snapshot will enable us to whitelist the addresses that will have access to the mint 24 hours before the others.

Here are some details:

- Whitelist Mint: February 29

- Public Mint: March 1

- 1000 NFT

- Price: 50 FTM

As a reminder, in addition to being a unique piece of art, owning NFTs will give you access to an exclusive share of the income generated by the treasury.

Migration

In parallel with NFT development, we've been working on a new version of the fr0x token.

The idea behind this evolution is to have a token that allows more modularity.

The new version will be compatible with more DEX, allow better tax parameterization and make it compatible with multichain use.

We'll be giving more details on the migration process shortly, but what can already be said is that there will be no deadline, so that a fr0xer (we know how you live...!) who falls into a coma today and wakes up in 97 years' time (we also know how long you live...!), will still be able to migrate to the v2 token without any problems.

Strategy

Even though the project is still in its infancy and the treasury is not yet very large, it's clear that we need to start applying a more elaborate and well-constructed money management and investment strategy.

We're currently working on the way in which we're going to segregate our assets, and on a tool that will enable anyone to see our positions in real time, so as to provide a level of monitoring and transparency never before seen in an investment fund.

The next article will go into more detail about the strategy.

Post Scritpum (We couldn't do big brains without a bit of Latin):

If you were rekt in the Multichain affair and have joined the Fantom Fondation reclamation, we'd like to thank you in advance for dropping us a line or DMing us