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Yearn Finance is commemorating Woofy’s makeover, rewarding $WOOFY hodlers by creating a set of 6 exclusive NFTs. Snapshots to honor long-term hodlers have already been taken, and new ones will be taken at appropriate times over the next four weeks.
A History Of Woofy
Woofy was created in response to people’s love for dog tokens and unit bias, meaning many individuals buy tokens that have a very high supply and a low unit price. YFI can be converted to WOOFY at a rate of 1:1,000,000, allowing access to DeFi linked dog tokens at low prices.
The launch received a fair bit of traction, with people sharing posts and pictures, and has seen adoption on several other chains where it continues to thrive.
A Woofy Makeover
Woofy has always been a cool and familiar-looking dog with pointy ears, a white nose, and yellow eyes. What’s the reason behind Woofy’s familiarity? Woofy looks familiar because the artist George Rodrigue has painted him in hundreds of paintings throughout his career.
For Rodrigue, the blue dog signified constant curiosity and the search for answers. Rodrigue has dedicated most of his life to education and expanding the horizon of and access to the arts. Out of respect for the artist and his estate, Yearn is giving Woofy a complete makeover, parting ways with the blue dog.
The Limited NFT Series
With help and designs from @tee_eggs and NFT wizardry from Project Galaxy, Woofy has gotten a complete makeover. We will also be witnessing the launch of the limited series Woofy NFTs that will launch later today.
Multichain snapshots have already been taken to reward long-term hodlers of Woofy, and future snapshots will also be taken, allowing everyone to have their very own Woofy.
Live The Pug Life
So how do you get your hands on the Woofy NFTs? Well, to start with, you have to hold $WOOFY because Woofy NFTs are exclusively for the token holders. If you hodl $WOOFY for a week, you would be given a key to open the mystery box. How many $Woofy tokens do you have to hodl? That’s for Woofy to decide.
Over the next four weeks, more snapshots will be taken to allow everyone to get in on the action and get their very own Woofy. You can visit the Project Galaxy website and find out just how many keys you are eligible for.
Making DeFi Simple
Yearn allows you to let your crypto work for you, allowing you to earn, lend, save, borrow just like a professional. So far, over $5 billion has already been deposited into Yearn products. The YFI token is often referred to as a DeFi blue chip.
$WOOFY, as mentioned earlier, was born as a response to unit bias and the rise of dog tokens. You can convert YFI to $WOOFY at 1:1,000.000.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Investment Disclaimer