About DojoSwap 2.0

Hello ninjas! Today I’d like to talk about DojoSwap 2.0

For those who are familiar with the ecosystem, let’s discuss some of the things that will be introduced in the future. The ecosystem keeps up with the times, or rather the market, and tries to keep up.

Usefulness in DAOJO

Bonding The main purpose of bonding is to attract liquidity to the DAOJO, which increases the liquidity of the protocol. This can be useful in a bull market, but can cause inflation and negative price action if used incorrectly. An example of safe use is issuing bonds only with certain assets to support the price of $DOJO and the entire ecosystem.

**Usefulness in SUSHI**

OMA Loyal SUSHI holders can expect significant eirdrops from $ERA and have already received two with two more in the future. Special NFT eirdrops are also planned to enhance the value of the Sushi NFT collection, centered around $OMA and ongoing cultural initiatives such as the comic book.

**Utility in BabyDOJO**

$BabyDOJO. This token project started as the largest distribution in Cosmos and is now backed by DAO.

Ecosystem unity

DojoSwap was originally planned as a single token ecosystem, but during the development process it became clear that additional tokens were needed, especially $DOJO for liquidity in Injective and DojoSwap.

Important Achievements

$GEM Claiming and Trading: Under development and will be a major milestone. Introducing DojoSwap 2.0: Updated roadmap to include Injera to make the ecosystem sustainable and grow Injective.

Injera and DojoSwap as a single entity.

*Injera* brings deep liquidity to the Injective ecosystem, which increases TVL and volumes, optimizing commissions for ecosystem holders. This attracts the best projects due to deep liquidity.

Key synergies between Injera and the DojoSwap ecosystem.

The launch of Injera has been a significant project for the DojoSwap team and is well integrated into the ecosystem. According to the DojoSwap 2.0 roadmap, the following synergies are expected once Injera is fully launched: 1.Share of protocol revenue: 5% of Injera’s revenue will go to DojoSwap’s DAOJO coffers generated from commissions. 2.Commissions from LSD: Commissions from Liquid Staking Derivatives (dINJ) will flow into DAOJO DojoSwap’s coffers when there is an active validator. 3.Stacking Yield: $DOJO holders will be able to earn high yields by stacking DojoSwap ecosystem assets on USDi. 4.GEM Accrual: The DAOJO treasury will accumulate GEM and receive a portion of airdrop, which will increase the liquid collateral of $DAOJO. 5.Hub of StableSwaps: DojoSwap will support swaps between stablecoins in USDi, increasing DEX volumes and fees that will support the ecosystem through DERF.

Summary of DojoSwap’s work in progress

• Completed DojoSwap startup, oversubscribed 4236% and scaled DojoSwap into the largest AMM/DEX in Injective . This includes other secondary functions such as dINJ and liquidity cultivation. Since then, emissions have been reduced by 80%.
• Launch of the first airdrop and launchpad platform in Injective, providing 12 airdrop and facilitating 8 launchpads since then for DojoSwap ecosystem holders. DojoSwap facilitated approximately $10,000.00 USD in launchpad.
• Developed and launched the CW404 token standard, the first of its kind in Cosmos, as well as the first 404 project in Cosmos, Sushi Fighter NFT, with subscriptions exceeding the bar by 7x.
• Developed and launched the CW20 reflection token standard, the first of its kind in Cosmos, $BabyDOJO. This was the largest airdrop to date in the Cosmos ecosystem, probably before Injera.
• A pre-sale factory was launched and ran 4 pre-sales, since then a total of $400,000 has been raised.

The journey from DojoSwap 1.0 to 2.0 represents a commitment to continuous improvement and innovation.

**AMA**

Let’s discuss what issues were resolved on the AMA Transcript of July 10, 2024, 10:00 UTC (Moderator: Shinzo, Present: Koga and Sensei)

At the beginning, the main goal of DojoSwap 2.0 was highlighted, namely to create a self-sufficient DEX by increasing liquidity through Injera, introducing new utilities for our tokens, and integrating deeper synergies with Injera to support the growth and stability of our ecosystem.

The team also commented on the fact that they were rarely in touch with updates:

“By nature, Koga and I (Sensei) are relatively grassroots in terms of community building, and while we’d love to spend more time posting shit, we’ve found that we have tension in developing DojoSwap and Injera. Especially in terms of the offchain initiatives (partners, market makers, InjLabs) that now need to happen for us to reach our ambitious goal of building the largest synthetic stablecoin project in Cosmos.”

The team promised a change in communication style, more frequent and formal social media posts, and scheduled AMA sessions to ensure transparency.The team also said they will also develop a more structured communication plan to keep the community informed of our progress and upcoming milestones(This includes buyouts that everyone loves, reaching milestones, and more).

The team is not focused entirely on Injera as it might appear.Injera is a critical component of this strategy. It is no coincidence that Injera is specifically designed to complement and enhance the DojoSwap ecosystem through revenue shares, GEM multipliers for our assets, which is especially important for DAOJO Treasury, and more.

They also told us what steps are being taken in connection with the recent problem with DAOJO steaking to prevent such events from happening again.

• The exploit occurred due to a vulnerability in our steaking contract, which we have already fixed.
• Going forward, security measures will be strengthened, regular audits will be conducted and incident response protocols will be improved to prevent similar issues. This vulnerability has cost users quite a bit of money, and roomada has apologized for the emotional experience that had to be endured, and remains grateful to the community that stayed and trusted us.
• Since then, combined with the introduction of DERF and subsequent refunds from exploiters, there has been over $500,000 in $DOJO and $400,000 in $DAOJO ransomware.
• They are now focused on making sure that existing protocols are working well so that they are not ignored.

Approximate near-term plans for the ecosystem :

1.Launching Injera and integrating its liquidity synergies into DojoSwap 2.Launching bond utilities, improving promised token utilities and CEX listings and partnerships with influencers.

The team said that there is no need to fear because it seems to some that not enough is being done for $SUSHI and $BABYDOJO. They are actively working on implementing additional utilities for $SUSHI and $BABYDOJO. $SUSHI started out as a 404 proof of concept and the team has many more plans for it This is also true for $BABYDOJO.

The updated roadmap includes specific initiatives to increase their value and options in the ecosystem.

• In the meantime, DERF will stabilize prices by supporting $DOJO, and ideally $DAOJO and Injera will be able to start a flywheel that will attract more liquidity.Note that DOJO is paired with bbDOJO, DAOJO and SUSHI, so when the price of DOJO goes up, so do the prices of the other paired tokens

Well, at the conclusion of this Transcript, the team answered the question of whether the updated roadmap is yet another roadmap just like the previous one. We are encouraged to witness the progress first hand. The updated roadmap reflects adaptation to the market and execution environment, as well as strategic planning, and they are determined to achieve the goals and deliver on the promises.