🔏Egg Vault
Locking up wild eggs.
Last updated
Locking up wild eggs.
Last updated
The Egg vault uses a percentage of the secondary sales and mint funds to buy the floor of the NFT collection at random intervals sending them to the Egg Vault. The vault locks away the captured eggs and allows us to control their yield. This gives us two options which will be discussed with the community.
If the community decides Edgy Eggs should earn rewards whilst in the vault, the yield rewards earned by NFTs will be released after a 1 month vesting period per Egg. Based on a subsequent community vote to re-lock these rewards, a decision will be made to keep re-locking these rewards or to release them. The yield will be used as giveaways to the community.
This results in few people receiving larger sums potentially.
If the community decides to stop reward yield from Eggs whilst in the vault then this will increase the amount of rewards produced by each NFT outside the vault thereby providing faster ROI to all holders.
This results in a larger number of holders (all of them) receiving a small boost in their personal rewards.
Currently, all Edgy Eggs locked in the vault have been sterilised and their rewards redirected to holders.
The Egg Vault also contains our investment portfolio and budding Egg Farm. Tactical investing has been in play since launch as we snipe deals beneficial to the community and for the long-term plans of EdgyEggs. We've had to keep relatively quiet on most of our acquisitions in order to acquire the best deals from those looking for exit liquidity.
Over time we will update the community on the performance of our egg vault and how large our Chikns are growing as we regularly feed them with our chikn vault contract...
