Starters Guide - Overview
This is an overview / starters guide for all things Pond0x.
What is Pond0x ($PNDC)?
Pond0x is a decentralized platform offering basic DEX functions, swap rewards, free claims, and “easy mode” DeFi yield farming mechanisms to users of the platform.
Pond distributes 100% of its revenue to users of the platform via PONDWATER
What is a DEX?
A digital marketplace for trading cryptocurrency without a middleman, allowing users to conduct peer-to-peer transactions directly from their DeFi wallets (like MM, TW, etc.) Pond0x is a DEX.
$PNDC is the “cash-tag” for PondCoin, an erc-20 cryptocurrency. PondCoin is the platform token to Pond0x, it allows you to participate in automated DeFi tools like PONDWATER. You can obtain $PNDC by swapping on Pond0x, a Centralized Exchange (CEX), or by mining
What is Mining?
During a Pond0x mining event, you can use $ETH as well as other ERC-20 tokens to mine for $PNDC.
Half the ETH from a mining is used to swap for $PORK and the other half is sent to the project multisig vault 0x17CC6042605381c158D2adab487434Bde79Aa61C
What to do during an active mining cycle:
Enter an amount of $eth you want to spend to mine.
Click the ETH logo to reveal additional ERC-20 tokens you can use to mine.
Boosters can be used to increase the amount of $PNDC you obtain from a mining transaction.
Boosters
Boosts are single use. Capture 6 and use them together for maximum boost.
- 💎 Diamond
- 🐷 Pork
- 💉 Covid
- 🦄 Uniswap
- 🟪 YGN
- 🐰 Void
- 🏆 Top Rank
- ⛏️ Pro Miner
- 🤝 Swapper
- 🧪 Pro Spawner
- 🪷 Pro Liquid Staker (pndETH)
- 🧩 Quest
- 👨🍳 Chef
- 🎁 Recap
Breeding
To be eligible for breeding, you must mine for $PNDC during a mining cycle and help fill the test tube.
When the test tube reaches 100%, you can breed for $pork.
This requires you to sign $PNDC spending approval transactions, as well as another transaction to make the actual claim.
Pro tip: Find the current BreedManager smart contract and pre-approve the $PNDC spending limit.
PONDWATER
Lock it up! 🔒 The longer you lock $PNDC up the greater the yield multiplier
Streaming Yield
Once locked, you will earn weekly yield paid in $wETH, or wrapped ETH.
Your $PNDC must be locked for at least 7 days before you can start streaming yield.
If you lock on a Saturday, you won’t be able to start streaming until the second Wednesday.
Vesting Period.
When streaming starts, you are able to “activate” the vesting period for your yield by signing a transaction that deposits an NFT from Sablier into your wallet.
$wETH will stream into the NFT over a period of 7 days, you can then withdraw the full amount.
Free Token Claims.
The Pond0x community recieved their first free claims of $PORK on 2024-02-13 and speculates there will be more free claims of $PORK tokens in the future.
DEX Rewards Claims
Like the $PORK token claim, DEX rewards are not live at the time of posting this guide.