MaskDAO proposes a token swap between MASK and SUSHI to further diversify both treasuries, promote ecosystem cooperation and deepen interaction between our communities.
Mask is building a bridge between Web 2.0 social networks and Web 3.0 DApps. We have built a robust decentralized infrastructure that allows almost any dapp to be integrated on top of existing social networks without resorting to their APIs. We have also thought long and hard about what DApps we should bring to Web 2.0 social networks. More than 20 Dapps have gone live on Mask network, including Uniswap, Sushi, Opensea, Snapshot, Arweave, Gitcoin donation, etc.
You can use all of them without ever leaving Twitter as long as you have the Mask Browser extension installed. Mask is even compatible with Metamask and can be used alongside. In fact Mask is even sharing a seat with MetaMask in one of the major standard-setting organizations for the internet, ECMA.
$MASK is the native token of MaskDAO. The DAO is the owner of the Mask Ecosystem. $MASK holders are members of MaskDAO and possess ownership of the Mask Ecosystem through the DAO. As the native token, $MASK serves as incentives to facilitate governance. Each $MASK represents one vote. Overtime, Mask Network team and ecosystem members will develop more products and services that would accrue value to $MASK.
Mask & Sushi
SushiSwap has been a long-term partner of Mask Network. $Mask has been listed in the Onsen pool on Ethereum and is on Polygon Sushi as well. The liquidity of $MASK/$USDC pair is well over $2 million.
SushiSwap is a founding member of the SocialFi Alliance. SocialFi Alliance was initiated by Mask Network and aims to bring next-generation finance experience to the mass majority. We handpicked this batch of the social DeFi apps to cover both the core features like swap and swap aggregator and more consumer-level features like social trading, lottery, social savings, and sports/election betting.
We have always valued Sushi as a long-term ecosystem partner. Mask Network has integrated Sushiswap, enabling users to trade assets directly on Twitter with our decentralized applet infrastructure (see demo gif here). We will continue to integrate a series of Sushi’s products including the upcoming Shoyu and Miso, which we think have good synergy with our features of NFT gallery & authentication and Initial Twitter Offering.
It is worth noting that the integration of Shoyu and Miso will be done by Gitcoin hackers in the GR 11. Shoyu integration into Twitter will be ready at launch. Mask is also one of the largest donors and sponsors of Gitcoin.
It is also worth mentioning that there is an active interaction between our communities. Our team had an AMA on Sushi’s Discord channel a few weeks ago and it went very well with over 500 audiences.
In the future, we will launch more social DeFi projects for social network users, promote the connection between Web2.0 and Web3.0, guide more top Internet social platform users to access DeFi, and, for the long term, we are dedicated to promoting the large-scale application of Web3.0 along with our partners.
We believe that the token swap enables us to:
- Deepen bonds between our communities
- Diversify our treasuries
- Provide governance power in each other’s protocols
Execution at current 30-day moving average prices with no discount.
At the time of writing,
$MASK 30-Day MA = $11.5
SUSHI 30-Day MA = $12.13
$ 3 million notional value, paid in $SUSHI and $MASK.
247320.7 $SUSHI <> 260869.6 $MASK
Execute swap with MaskDAO
Do not execute swap with MaskDAO