Lots of things have been happening in the background as we continue to execute on our roadmap for CHADS and STACY.

08 Dec 2020, 22:25

Lots of things have been happening in the background as we continue to execute on our roadmap for CHADS and STACY. Here's an update: Our highly anticipated NFT staking feature is almost ready. The code is written but deployment of the feature will require a migration of all liquidity in the STACY vault contract (similar to the migration which will happen for Chadswap Phase II). As protection of user funds is our top priority, we are setting up a dry run test to ensure everything is working properly prior to releasing the feature. While our virgins test the code, we've decided to go ahead and begin 🔥burning the virgins 🔥 this week. Stay tuned for details ;) Finally, as the holidays are right around the corner it's time to ask one very important question - Has Stacy been naughty or nice? This year, Stacy has been very naughty. One of our chadmunity members discovered a small bug in the pop cherry function on the STACY contract - instead of redistributing the STACY from the Uniswap pool to stakers as originally intended and increasing the price of STACY daily, the function instead mints STACY. True CHADS don't mind if Stacy is a bit naughty, so we're going to give her a present anyways. Our basement virgins have developed a fix for the bug which we will deploy following the conclusion of the Burn the Virgins campaign. The fix will occur in two stages - (1) deployment of a wrapper contract which fixes the popcherry function (enabling STACY to finally increase in price by ~1% a day as intended) and (2) burning of ~27% of the STACY in the Uniswap pool to reset the supply of STACY to 1 billion, leading to an immediate 30% increase in the price of STACY