Grazing Range Pool#8: Welcoming Oddz to the Herd
Tags: Nft, Nft Collectibles, Binance Smart Chain, Yield Farming

Grazing Range Pool#8: Welcoming Oddz to the Herd Huacayachief Follow Jun 17 · 5 min read

Dear Alpacas,

We Senior Alpacas are excited to welcome our newest addition to the range — Oddz.

With this partnership, all you Alpacas will be able to open leveraged yield farming positions up to 2.0x on PancakeSwap’s ODDZ-BNB pair, which currently yields ~240% APR in CAKE Rewards! The pool will go live on June 17th, 2021 at 10 AM GMT.

As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $160K USD in ODDZ rewards which will be distributed over 4 weeks.

Leveraged yield farmers in the ODDZ-BNB pool will also receive $10k USD in ALPACA rewards per week for every ~1 million TVL in the pool, on top of the leveraged yield farming rewards and trading fees.

🎁Grazing Range Reward Details

Total Rewards: 289,000 ODDZ (~$160k USD)

ODDZ Token: 0xcd40f2670cf58720b694968698a5514e924f742d

Rewards Period: 4+ weeks

Rewards Start Block: 8,375,000 (Approx. June 17th, 2021 10 AM GMT)

Rewards End Block: 9,181,400 (Approx. July 15th, 2021 10 AM GMT)

Distribution Schedule:

Exclusive NFT Cards for Pool’s Stakers

To be eligible, you must stake ibALPACA in the ODDZ Grazing Range pool before June 18th, 10 AM GMT (1 day after the pool opens) and stake for at least 27 days. The NFT tier you receive will be based on the amount of ibALPACA staked.

Green Tier: staked at least 500 ibALPACA

staked at least 500 ibALPACA Silver Tier: staked at least 5,000 ibALPACA

staked at least 5,000 ibALPACA Gold Tier: staked at least 50,000 ibALPACA

About Oddz

Oddz is a blockchain-agnostic trustless On-Chain option trading platform on the Binance Smart Chain, Ethereum, and Polkadot. It is built as the On-chain Options trading platform on BSC. Oddz has gained immense support from the Polkadot and Ethereum blockchains to revolutionize on-chain options trading for users.

It simplifies multi-chain option trades with the aim to capture the untapped potential in the on-chain derivatives markets. It facilitates in creating, maintaining and settling options contracts, conditional tokens, and futures contracts in a safe and secure way.

The key attributes of the protocol include:

Multi-chain trades: Being a blockchain-agnostic platform, Oddz allows seamless integration with various DeFi applications and facilitates multi-chain trade.

Being a blockchain-agnostic platform, Oddz allows seamless integration with various DeFi applications and facilitates multi-chain trade. High-degree of customization: The smart attributes of the Oddz Protocol allows platform users to customize automated options as per their input preference, thus resulting in a high level of personalization.

The smart attributes of the Oddz Protocol allows platform users to customize automated options as per their input preference, thus resulting in a high level of personalization. *Zero gas fees: Oddz Protocol enhances users’ options trading experience by making it economical and cost-effective.

Oddz Protocol enhances users’ options trading experience by making it economical and cost-effective. Fraction trades: Oddz Protocol allows users to chip in smaller amounts of capital in on-chain option trading to experiment with the derivatives markets in a permissionless environment.

Oddz Protocol allows users to chip in smaller amounts of capital in on-chain option trading to experiment with the derivatives markets in a permissionless environment. AMM Pool: Oddz protocol implements a USD-pegged stablecoin-based liquidity pool, so the underlying price volatility of the asset is mitigated.

Oddz protocol implements a USD-pegged stablecoin-based liquidity pool, so the underlying price volatility of the asset is mitigated. In-Built oracle: Allows users to execute informed trades by integrating in-built oracle into the Oddz protocol for accurate and reliable data.

🔒Security Score Card on Oddz

Have the contracts been audited by professional auditing firms?

Yes, it has been audited by Peckshield

What is the project’s inception date?

September 2020

Has your project even been involved with a hack or exploit?

No

What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?

All unvested tokens are within a vesting contract that will vest the tokens to a multi-sig wallet. The CEO, CTO, COO, and a principal engineer who are working from various locations have multi-sig

Does your token have a maximum supply cap?

Yes, our total supply is 100m

If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?

Once our options trading platform is live, we will start collecting 5% as a protocol transaction fee. Some portion of it will be used for compensating gas fees, the remainder will be given to users who stake their ODDZ tokens and oUSD tokens(oUSD tokens are the one which they get to provide liquidity into our options AMM pool). All the fees will be collected to a DAO pool.

Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?

No, but we are planning to deploy our protocol onto multiple chains

Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?

Token contracts are not upgradeable

What underlying external parties do your contracts rely on?

None

Where are tokens currently listed?

Uniswap, Pancakeswap, Gate, MXC, Ascendex, Bilaxy, Hoo

Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)

Please refer to the table here.

Please share your project’s roadmap

Roadmap can be found here

What % of the token supply is/will be controlled by the team?

15%

What % of the token supply is controlled by investors? What is the token distribution model?

25.30%

Please share the profile of key team members

All the team details are live on our website

What monitoring or controls do you have in place that could catch issues, halt functions, or delay attacks to protect assets?

None at the moment

Do you have a bug bounty program in place/planned?

Yes, you can find more details about the bug bounty program here

Is there someone dedicated to security on the team? Does your git include your test/qa scripts?

Yes, we have an engineer who actively looks at the security constraints