Zookeeper Launches NTF Marketplace DApp with Farming and Utility Token
[PRESS RELEASE – 9th May, 2021, GENEVA]
The ZooKeeper DApp launched on April 16th is already taking the market by storm with a new marketplace that uses gamification and Yield farming to create an NFT experience unlike anything seen before.
What is ZooKeeper?
Created by its community with the help of the Wanchain team, ZooKeeper is a gamified yield farming DApp built upon Wanchain. By creating real use cases within the ZooKeeper platform, the functionality of ZooKeeper NFTs are noticeably superior to other Yield Farming DApps.
For example the ZooKeeper NFTs function to boost user rewards through farming. By binding an NFT to a liquidity pool, users actually increase their yield potential while also reducing the lock-in duration of the specified pool.
What Sets ZooKeeper Apart From The Other Animals?
With dual farming, ZooKeeper users can gamify their yield farming experience with the DApp utility token (ZOO) distributed as farming rewards to Wanswap Liquidity Providers (LPs), and ZooKeeper users. Users can then stake their WSLP (Wan Swap Liquidity Provider Tokens) to further increase their yield gains.
Double Rewards With Farming Pools
Upon launch ZooKeeper had 7 farming pools with double farming rewards (ZOO and WASP), including:
ZooKeeper also added the first ‘dual farming rewards pool’ with their own asset, ZOO/WASP, enabling users to profit more by doubling their rewards as they play. Within the first 3 weeks of ZooKeeper’s launch, the project achieved an TVL of $60 millions, and reached a market cap of around 7.5 million USD as of the 7th May, 2021. Due to the rapid early adoption, staking via ‘Safari Pools’ will be introduced as of May 21st and new Dual Farming Pool integration.
With the next two updates, ZooKeeper intends to add more Safari Pools and the new Dual Farming Pools integration. Safari Pools will enable users to stake their ZOO utility tokens and earn rewards beginning as of May 21st. Safari Pools require no lock period when staking ZOO, no limits to how many ZOO tokens a user can stake, and no penalty fees for entering/exiting staking pools.
The ZooKeeper NFT Marketplace
Choosing from their NFT assets, users can sell their NFTs in the ZooKeeper NFT marketplace for a range of cryptocurrencies including WAN, wanBTC, wanETH, wanUSDT, ZOO, or WASP. As the list continues to slowly fill up, users gain an increased selection of NFTs to purchase to boost their yield gains while reducing lock-in time for liquidity pools.
Features And Updates: What’s New In The Zoo?
ZooKeeper recently introduced the ‘insights page’ onto the DApp. This feature allows speculators and users to check all ZooKeeper information including TVL, expedition info (opened chests), and all NFT transactions to date.
ZooKeeper also enables community governance to vote on Safari expeditions, each with a set duration of 4 weeks – with only two staking pools always active at a time. One permanent pool will allow users to stake ZOO to earn ZOO token rewards, while the other pool will allow users to stake ZOO to earn current community-voted tokens and coins.
Zookeeper is a DApp that offers its users a dual farming experience while embracing the popular crypto trend of NFTs. The project is built on WanChain, and has a native utility token called ZOO.
Read more about ZooKeeper on Medium — https://medium.com/@ZooFarming
Learn About the ZooKeeper project in detail — https://docs.zookeeper.finance/