November Medium Update
Single-sided Dogira and Dogira-MATIC staking pools are almost here.
We’re not quite ready to launch them yet — there will be a bonus Medium detailing everything you will need to know — so in the meantime, this Medium will be diving into a few things like:
- The creation and auditing process of our staking farm
- What our farming partners (CRYSTL and PolyCat) have been up to
- The recent price action and why it matters
- And more!
Let’s get to it.
Cooking Up the Perfect Stake
Part of growing our ambitious “DoFi”, or Dogira Finance, ecosystem is ensuring that the groundwork we lay is perfect for lunch ;) . While much of the crypto space is building the train while it’s roaring down the track, we’ve opted for a different approach.
You may notice too, that many Defi platforms fail to get their contracts audited. In nearly 100% of cases, this lack of auditing means that bugs in the code are missed and contracts need to be redeployed, funds are lost, or the overall user experience is subpar.
For us, there’s much more value to be found in getting things right the first time.
Before Eoghan wrote the contract that Paladin is currently auditing, he built an entire practice model to ensure this DeFi platform would do exactly what Dogira needed it to.
The conversations we have had with Paladin behind the scenes really highlight the importance of taking time to do things right in this industry. Too often, devs give in to social pressure to rush, be sloppy, and “fix it later” with a token contract update.
And for Dogira, we see contract updates, V2 tokens, etc., as being reserved for the evolution of a project, not just covering for sloppy code work. We want this staking ecosystem to be a hallmark example of a job well done, with an experience that’s easy to understand and even easier to use.
So while doing a good job means things take a bit longer than usual, know that we’re working to get it right, not just get it out.
Let’s Talk Charts
With the recent “dog season” surge, Dogira snagged a tasty pump. Remember, price action is NOT everything in the world of crypto. It has certainly been a bit of a roller coaster with whales doing whale-y things, however it’s important to keep some perspective:
The current price is an extremely accessible price point for new buyers and a great opportunity to refill some bags ahead of staking, if you’re looking to accumulate a bit.
That said, it’s important to understand why whales are selling when they do. They are not selling any sort of news right now. Generally speaking, they’re selling the way they are to force the price down. They’re hoping to spur a “bank run” to buy back even cheaper.
We understand that everyone has their price target, however swing-trading whales are not community players. Three or four times now we’ve had whales suppress the price only to find that the floor heavily resists their efforts.
When you see these sells, remember that it’s one or two holders trying to shake you out. The higher the floor rises, the more resistant we can be to these dump tricks.
The BEST way to sell is on the way up, with sells over time at smaller amounts — if you want to maximize your profits. Rushing to take out profits can kill momentum for your fellow Dogira bros, do you really want to do that?
Crystals and Cats
Both CRYSTL.Finance and PolyCat upgraded their Dogira farms based on the recent price action. By staking Dogira-CRYSTL, Dogira-PAW, or Dogira-MATIC you can earn CRYSTL or PAW depending on which platform you give LP to.
Here’s the breakdown:
CRYSTL:
- $DOGIRA — $MATIC: increased to 7X
PolyCat:
- $DOGIRA — $MATIC: 0.5X to 2X
- $DOGIRA — $PAW: 0.35X to 0.5X
This could be a great opportunity to earn some passive income, especially while we wait for Dogira’s own staking pools.
Swing by our partners’ communities to say thanks!
November’s Marketing Push
Along with focusing heavily on community marketing, our Community and Marketing Manager, Skyler (@ramsaidh), has been hustling hard with AMA and conference appearances. This is what’s coming up/has happened for Dogira this month:
Public and Private AMAs
- 11/7: Private AMA with Skyler talking about Dogira
- 11/15: Twitter Spaces chat with the MUNCH team @ 6 pm EST
- 11/17: Twitter Spaces chat with the PolyCat team @ 9 am EST
Conventions
- 11/10–11/12: Blyss (@PrismFocus) is currently at the Miami Crypto Con chatting up big-wigs about Dogira.
- 11/10–11/13: We’ve got a presence at Lootfest both in the physical venue location and the digital venue. Skyler will be doing an AMA on the virtual side, while Brian (@OkinawaMilkTea69) will be spending time at the convention talking about Dogira and getting the word out.
- 11/19–11/21: We will be at the virtual DYGYCON, presented by Spinterlands. Skyler is one of the main speakers on Saturday, Nov. 20th so be sure you don’t miss his talk.
Of course, we want to say THANK YOU to all the community members who have been integral in helping get the word out on Twitter, Reddit, YouTube and more. You all are helping get Dogira out there, more than even a marketing team can!
We also want to give a special shout out to Blyss and Brian for getting boots-on-the-ground at in-person events, Kwint for leading the charge on Twitter, along with KGB and Ria for creating so many great tutorials for our YouTube channel.
That’s all for now! We will have an update soon, coinciding with the launch of our staking pools.
-The Dogira Team
