Welcome back folks! Today, we'll be discussing some more news about Function Island! We are pleased to announce our partnerships with $pLUSD and The Camel Clan, the introduction of a brand new $PLS staking contract, the introduction of our very own decentralized exchange, our AMAs with Mineshafts.xyz and Drippy Inu, and more! Stay tuned folks, because you do not want to miss this!
The Camel Clan Partnership
Firstly, we are excited to share that we are now partners with The Camel Clan! You may ask: who are The Camel Clan? Well, they are basically a bustling community on PulseChain founded by the same founder of 2PHUX, Fast Abdoul! Through this collaboration, we aim to bring more value to both our communities and to the entirety of PulseChain as a whole! More news coming soon.
$pLUSD Partnership
As for our second partnership, we are ecstatic to announce that we have partnered up with $pLUSD! You may ask: what is $pLUSD? $pLUSD is a decentralized PulseChain stablecoin (similar to $pDAI) that was forked over from $LUSD on Ethereum upon the creation of PulseChain. Furthermore, the $pLUSD community is very strong and has created a plethora of utilities and burning mechanisms to ensure continuous buying pressure on the token, despite many hurdles along the way. Speaking of utilities, we are planning on adding plenty for $pLUSD, so stay tuned! Finally, DJ Khalid has also covered our partnership on YouTube, which can be found here.
$PLS Staking
We are also pleased to announce that we have developed a brand new $PLS single-sided staking contract where users can earn $PLS without relative price fluctuations. Introducing: Stack! Users can deposit $PLS and earn dividends in $PLS from the 10% deposit/withdrawal fees and external revenue that enters the contract! The contract can be found here! Finally, all of our 3D contracts on all chains have also been moved to this link, so keep that in mind if you are trying to locate them.
Function Island DEX
Moreover, we are happy to share that Function Island now has its very own decentralized exchange! On the Function Island DEX, liquidity providers currently earn 0.2% of all trades from swaps as fees. Furthermore, you can also farm various pairs and partner pairs of Function Island. As of currently, you can farm iDAI-DAI, PLS-DAI, ISLAND-iDAI, and FARM-iDAI, pLUSD-iDAI, DRPINU-iDAI, GOAT-iDAI, E626-iDAI, all of which allow you to earn $iDAI, our very own stable-backed token that's backed 1:1 with $DAI!
Mineshafts.xyz AMA
As for the AMAs we've started to do on my Telegram, they have been going spectacular! Our second ever AMA hosted was with Mineshafts.xyz, a growing project that possesses an $INC miner, $pDAI miner and their very own $INC reflections token! This project is also ran by our partner over at IMPLS Finance, Kairos B. Our AMA with them went great, and you can find it archived here.
Drippy Inu AMA
Furthermore, we also did an AMA with Drippy Inu! Drippy Inu is another project under the Function Island Network, and has the same developer as Function Island, Don Function! During this AMA, we discussed how Drippy Inu operates, their future plans, and how their staking system is fully sustainable through the use of rehypothecation and external utility! This AMA can be found on my YouTube channel here. Finally, we have plenty more AMAs in store, especially with our new partners, so keep your eyes peeled!
More to Come
Finally, we are constantly developing here at Function Island! We are currently working on a huge project that will combine all of our partners and provide extensive amounts of utility and liquidity to our entire network! Be sure to join us on our PulseChain revolution today by following us on our Twitter/X, joining our Telegram and checking out our website to learn more and stay up to date with the latest Function Island news!
As always, thank you for reading, this is not financial advice, do your own research and stay safe on the blockchain! I appreciate all your support! You guys can join my Telegram group for more updates and support! If you want to support me further and support the work I do on the Function Island team, consider leaving a tip and following our socials, we really appreciate it!
