2 weeks ago, we released an updated white paper, V2, clarifying how we’re thinking about our token structure. $WRAB is for DAO IP ownership/governance, and staked Producer Passes are for creative input. Currently, the only way to get $WRAB is by buying producer passes when voting is open and staking them. Today, we want to introduce a new and creative way to earn WRAB: Cookshop.
Airdrop - what happened
You may recall in chapter 2, the middle path presented a mysterious airdrop.
Which, after voting, shows you a literal airdrop
This was part of an experiment: whether people who vote for the middle path know there is an airdrop. To our surprise, no one seemed to have caught the hint as voting was active. To make things more interesting, we decided to start doing the actual airdropping while voting was still open.
Once people noticed the airdrop, most people started voting for the middle in hopes of getting the airdrop.
Even though the fox option still won the chapter 2 vote, perhaps not to the degree we imagined (flipping the vote). It was an interesting experiment to understand how people are motivated when voting and how extra incentives can influence people to a certain degree.
The people who voted for the middle path before it was a confirmed airdrop got the rarest batch compared to the next batch of airdrop chasers as a fun commentary on human behavior in crypto chasing airdrops. We also rewarded everyone who voted in the Azuki casting experience with the last batch of airdrops to reward participation in the creative process.
Airdrop - Reveal
so what’s cooking in here?
Here are the steaks we have been cooking up, hand drawn by pplpleasr. They should be revealed in your wallet by the time you are reading this 🙂🥩 If you don’t have any steaks, here’s the link to find one you like!
Cute! But what do these do? You can stake your steaks to earn more $WRAB! These steaks also come in different “rare-ities”. Some are well cooked, and some are.. rare. The more rare your steak is, the higher the return on earned $WRAB when you stake. How do you stake? introducing…
Cookshop
The Cookshop is a place where Mirai and the fox hang out and try to fill their stomachs in the middle of their journey down the rabbit hole. It is also the place where you, as the producer, can join them by offering them your steaks! By staking your steaks in the cook shop over the next 3 months, you not only help Mirai and the fox not starve, you will also be able to earn rewards and claim them when you un-stake. Staking period is only 3 months, meaning rewards will only generate within the 3-month period. You may un-stake at any time to claim your rewards. The rewards happen on a linear curve - the longer you stake, the higher rate of rewards you get. Once you un-stake, you start over.
To stake your steaks, navigate to our website
Select the steaks you have “in the fridge”, click stake all to earn $WRAB
You can easily un-stake with the same UI
Conclusion
The Cookshop will open next week for staking. We wanted to share this writing with the community first ahead of time so people may ask questions and discuss in our Discord. Once you stake, you may sit back and watch your $WRAB balance increase over time. We hope this steak collection is a fun way to experiment with how an airdrop changes people’s voting behavior and addresses a very common question we get on “How do I earn more $WRAB?” between chapters.
Thank you for keeping Mirai and the fox fed! The staking period will be 3 months, in which a total of up to 2% of total $WRAB supply can be earned. Once all $WRAB are earned, we shall see what happens to the steaks. 😉 We hope you enjoy the steaks and cook shop while we’re in a the lab cooking up chapter 3 for you! 🔥🥩🔥
FAQ
What are steaks?
Steaks is an ERC721 NFT collection hand drawn by pplpleasr airdropped to users who voted in the middle path during chapter 2 and voted during Azuki casting.
Why steaks?
Steaks are a fun way for users to interact with the platform to earn $WRAB in between chapters
How do I earn $WRAB?
Stake your steaks in the Cookshop on our website.
What is the Cookshop?
Cookshop is the place Mirai and the Fox and getting fed by producers, you!
How do I stake?
Select the steaks in the UI, and click stake.
How long can I stake for?
You can stake for as long as you want, but rewards will only generate in the first 3 months
How much $WRAB will I earn?
A total of 2% of $WRAB can be earned by staked steak holders in total
What’s the rate I earn $WRAB?
The rate you earn $WRAB will be determined by both the rarity of your steak and how long you have staked
What is a rarity multiplier?
It’s how “rare” your steak is; the higher the number, the rarer it is.
How are the rewards calculated?
The rewards are calculated on a linear curve. The longer you have it staked, the more $WRAB per second you earn.
What happens if I un-stake?
You will start over from the lowest $WRAB per second for your particular steak and build up again.
What happens after 3 months?
Rewards will stop generating, but you can leave steaks staked or un-stake at any time.
How do I un-stake?
Go to the website, select your staked steaks and click un-stake.
What do the steaks do after staking rewards period end?
We shall see, happy staking!
I would like to ask you, how can I automatically pledge my steak without pledge for the steak I bought on Opensea. And there is no profit, so how can I cancel the pledge, now the steak is in the refrigerator, it shows that the pledge is not available!