Overview

The official documentation for DegenHive [WIP]

Welcome to the DegenHive documentation—a living blueprint of our pioneering DeFi x Gaming ecosystem involving dragon-bees. This document will continuously evolve, providing the latest insights and inviting community feedback to refine our vision.

Welcome to DegenHive, where we're building the world's first digital intellectual property centered around dragon-bees - mystical bees that can breed, evolve, and farm HONEY on the blockchain. By seamlessly merging DeFi mechanics with a gamified governance model, we're creating the first-ever on-chain beehive ecosystem where dragon-trainers can nurture, battle, and earn with their unique dragon-bees.

Our innovative platform combines the excitement of collecting and battling magical creatures with the financial opportunities of decentralized finance, all governed by our community of dragon-trainers through their dragon-bees.

Core Ecosystem

DegenHive implements a gamified meta-DEX where users can:

  • Collect and breed unique dragon-bees

  • Trade coins and provide liquidity to our AMM pools

  • Launch meme-coins on the bonding curve

  • Stake SUI for degenSUI which passively earns staking rewards

  • Lock their dragon-bees to direct HIVE and HONEY rewards to AMM pools

Dragon Egg :: Genesis

The journey begins with our Genesis Dragon-Bee Eggs sale:

  • Initial price: 15 SUI

  • Maximum price: 150 SUI

  • Total supply: 42,690 genesis eggs

  • Maximum raise: ~4.2M SUI

Each Genesis Egg features:

  • Randomly allocated HIVE and HONEY tokens providing initial energy and health values

  • Unique 256-bit DNA sequence determining appearance and powers upon hatching

  • Special status as first-generation dragon-bees

Dragon-Bee Egg Utilities

Egg holders gain access to multiple revenue streams and utilities:

1. Protocol Fee Earnings

  • Earn share of protocol revenue in HIVE and HONEY tokens

  • Earnings based on tokens locked within the egg

  • Begins once HIVE and HONEY become tradable

2. Liquidity Provider Benefits

  • Stake eggs with LP pools to direct HIVE and HONEY emissions

  • Earn additional bribes when available

  • Share in trading fees (converted to HIVE and HONEY)

3. Breeding Mechanics

  • Breed dragon-bees to create new eggs once hatched

  • Pass down unique traits and characteristics

4. Governance Rights

  • Participate in protocol governance

  • Vote on crucial proposals and updates

Game Mechanics

  • Protocol earnings increase egg energy and health values

  • Values are consumed during battles and missions

  • Successful gameplay leads to evolutionary upgrades

  • 50% of HONEY earnings are locked with the egg until dragon-bee enters the HiddenWorld

Strategic Roadmap

We are just at the start of this journey, and the funds raised from dragon-bee eggs sale will be used to ship the following features -

  1. Hatching mechanism activation: Once an egg attains 4200 energy and 69k health and its artwork is provided by the team, it will be hatchable by its owner

  2. Borrowing against NFTs: Users will be able to borrow SUI / USDC against their locked NFTs (starting with dragon-bee eggs)

  3. PvP battle system launch: Users will be able to engage in PvP battles with dragon-bees from the HiddenWorld, with a change to evolve their dragon-bees and unlocking multipliers.

This documentation serves as a living blueprint of our ecosystem. We actively encourage community feedback and participation in shaping the future of DegenHive. Join us in creating a revolutionary platform where DeFi meets gaming in an unprecedented way.

Important Links 🔗

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