We’re excited to announce more information on the Teddy Bears Club and what to expect over the coming weeks. The rest of this article will explain the first details of the Teddy Bears Club and how to get involved with our community.
On February 2nd, 2023, we announced that we have been preparing an NFT collection for our community: Teddy Bears Club.
In this update, we release more details about the Teddy Bears Club and what to look forward to over the coming weeks.
We’re excited to announce we are collaborating with Peppermint to hopefully deliver an enjoyable NFT experience, with not only immediate utility for our TeddySwap FISO delegators and the ability to earn additional TEDY tokens, but also, boosted rewards for our Liquidity Bootstrapping Event (LBE) along with long-term liquidity provider bonuses.
There will be a total of 10,000 NFTs for the Teddy Bears Club, and the exact launch date will be announced soon.
Delegators to the TeddySwap FISO pools who hold any of these NFTs will earn increased TEDY rewards per NFT held.
All TeddySwap FISO delegators will be automatically whitelisted for this drop. This means when the Teddy Bears Club collection is live, our TeddySwap FISO delegators, along with later-to-be-mentioned whitelisted communities, will have ‘first dibs’ on securing these NFTs, which will allow them to earn more TEDY rewards.
The increase of TEDY rewards for FISO delegators and the additional amount of TEDY tokens will be announced in the coming days.
The first sneak peek of the Teddy Bears Club collection will be released soon.
For more information on TeddySwap:
TeddySwap is an open-source decentralized exchange AMM protocol focusing on stablecoins in the Cardano ecosystem. Our protocol is developed by former Cardano Foundation developers and the creators of plu-ts, a smart contract framework built to efficiently deploy Cardano dApps.