Gutter Cat Gang is now live with two liquidity pools!
What is the purpose of a liquidity pool? To stabilize the floor price of Gutter Cats. There is no reason to sell your Gutter Cat on OpenSea below the floor when you can get the floor price INSTANTLY by selling to the liquidity pool. This will help the floor price organically and steadily rise as well.
What are the benefits to me? A steadily rising floor means your Gutter Cat NFTs are worth more. Also, you earn fees for providing liquidity and rewards for staking your $LP tokens. You can also take advantage of arbitrage opportunities that arise. Finally, you can swap out floor Gutter Cats you don’t vibe with for other Gutter Cats in the pool should one catch your eye.
What is the basic process?
1. Deposit your Gutter Cat Gang NFT into the Pool and Earn $GCG. –
2. Provide $GCG/ETH Liquidity for Fees and $LP Tokens. –
3. Stake $LP Tokens for Additional Rewards (aka Yield Farming/Liquidity Mining). – NFT20: https://nft20.io/farm – NFTX: Coming Soon NFT20 Summary – Provide $GCG/ETH Liquidity and Earn Fees (Uniswap) – Stake $LP Tokens and Earn Rewards (aka Yield Farming/Liquidity Mining) – Specific Gutter Cat Redeem – 5% Fees / Lower Gas NFTX Summary – Provide $GCG/ETH Liquidity and Earn Fees (Sushiswap) – Yield Farming/Liquidity Mining Rewards Coming Soon – Random Gutter Cat Redeem – No Fees / Higher Gas