SpaceMine — All Your DeFi Needs in One Game

SpaceMine DeFi
3 min readOct 31, 2020

The first wave of DeFi tide came and went, washing out those who were swimming naked. More often than not, liquidity mining projects with insane initial APY number but zero token utility end up with the same price movement trajectory.

look, a fellow naked swimmer

However, solid protocols are still standing strong, proving that a reasonable yet still attractive yield can sustain even during market downturns. And with the recent Bitmex and OKEx incidents, more liquidity has started to migrate out of centralized exchanges, into cold wallets, and DeFi. We firmly believe that competitive yield for decentralized assets is here to stay.

But it seems that high yield does not come without a cost. It’s been a constant struggle even for crypto natives to keep track of new protocols that pop up everyday, conduct time-consuming research to avoid scams and rug pulls, and having to learn to use every interface as well as how to interact with contracts via Etherscan, just to name a few.

There has to be a better way, a way that provides the best yield generating strategies, without turning itself into a full-time job.

And now there is. Introducing, SpaceMine.

SpaceMine at a glance

SpaceMine aims to be the one-stop destination for all your DeFi needs, including but not limited to

  • Vault strategies that maximize your yield returns, with different risk tolerance tiers from beginner to expert.
  • DEX aggregated swap that automatically route your order to the exchanges and synthetic asset providers offering the best price.
  • Track your asset allocations across different protocols.
  • DEX advanced trading support, provide limit order/stop-loss order capabilities via mempool monitoring
  • Secret project to be announced after Vaults go live.

Furthermore, SpaceMine is built with the normies in mind. Our ultimate vision is to build a gamified experience that simplifies DeFi for all users. Explore space, the final frontier 😉 visit different planets, complete quests, and learn about DeFi. New to farming? No problem! Complete the following quests to learn all about farming and earn rewards in the process. Enjoy your SpaceMine adventure, get yields and utilize our suite of tools to navigate DeFi with ease.

$MINE Token

$MINE is the governance token of SpaceMine. The entire ecosystem will be built around rewarding $MINE holders. More details on how $MINE ties into each of our planet will be released in future articles.

The total supply of $MINE is 96,000.

  • 70% of all $MINE will be distributed via liquidity mining.
  • 10% will vest to the development team, linearly over 6 months.
  • 10% will vest to SpaceMine Treasury, this portion will be locked until community governance has been enabled.
  • 8.33% will be distributed in a white-listed presale.
  • 1.67% will be minted for initial Uniswap liquidity.

Once 50% of $MINE has been distributed via liquidity mining, we will enabled community governance on SpaceMine. $MINE holders can propose and vote on platform parameters such as distribution rate and yield allocations. And once the platform has reached a sufficient size and the community stabilized, we will give the community full control over the governance of new strategies, deprecation of old ones, as well as the deployment of treasury funds.

Join in on the voyages of the starship Enterprise.

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