Frog & Friends Launches Friendly Staking Platform following mint-out success
The Frog & Friends community is celebrating a series of significant milestones on the Cronos Chain
Key Takeaways:
Frog & Friends minted their ERC404 NFT collection in just 7 days.
Paired and burned $10,000 worth of CRO with $FAF tokens.
Friendly Staking platform live for Cronos ERC721 collections; 500+ NFTs activated to earn $FAF.
LP staking on Ebisu Bay Farms launched, releasing 1 million $FAF monthly for 12 months.
The Frog & Friends community is celebrating a series of significant milestones on the Cronos Chain. Their ERC404 NFT collection was minted out within the first week of launch, paired with an impressive $10,000 CRO burn to support their $FAF token. This success sets the stage for their Friendly Staking platform, which went live immediately after the mint-out and has already seen over 500 NFTs activated to earn $FAF rewards.
Innovative Staking Options
Frog & Friends introduced two core staking features:
Friendly NFT Staking: Any whitelisted ERC721 collection on Cronos can activate their NFTs to earn $FAF from the monthly pool of 1 million tokens. Activation fees collected will benefit FAF NFT holders, with 50% of these fees airdropped starting January 1, 2025.
LP Staking on Ebisu Bay Farms: Frog & Friends launched a liquidity pool (LP) staking initiative, releasing 1 million $FAF per month over a 12-month period. The farm is already live and accessible here.
Additionally, 50% of secondary market revenue from the FAF NFT collection will be airdropped to FAF NFT holders, beginning in 2025.
Community-Driven Development
The project continues to emphasize its community-centric approach. FAF NFT holders will vote in December to whitelist new Cronos NFT collections for staking. Furthermore, Frog & Friends incentivizes community engagement by rewarding $FAF to members who participate in their X (Twitter) activities, potentially paving the way for future platform monetization.
What’s Next for Frog & Friends
Frog & Friends has hinted at exciting developments on the horizon:
Exploring New Partnerships: Talks are underway with Obsidian DEX for $FAF staking, with additional options being evaluated.
Roadmap 2.0: The team will reveal its next roadmap update on Monday, which promises further innovation and growth opportunities.
Frog & Friends has achieved remarkable momentum, with the community rallying around the project. Their ambitious goal? To propel $FAF to a $150K market cap by Monday’s Roadmap 2.0 announcement.
Source: Frog & Friends X