<100 subscribers
Share Dialog
Share Dialog


At The Fedz, we're committed to revolutionizing DeFi by ensuring our stablecoin, $FUSD, remains resilient and stable. Central to this goal is our unique sequential access mechanism, known as Turns and Rounds, which mitigates bank runs by organizing liquidity access in an orderly, ordered manner.
In our ecosystem, liquidity is accessed sequentially by participants who hold exclusive Fedz NFTs. Each round consists of multiple turns, with each NFT holder getting their specific turn to mint fresh $FUSD tokens. This structured approach, grounded in research by economists such as Green and Lin, ensures stability by eliminating panic withdrawals. Every participant sees their turn coming, thereby reducing uncertainty and fostering trust within the ecosystem.
In practice, NFT holders, our The Fedz participants, are diverse, ranging from busy investors and active traders to DeFi enthusiasts and developers. Not surprisingly, many have reported difficulties in consistently keeping track of their turns:
"Yeah someone asked earlier - an email notif would be helpful + Add to Google Calendar / iCal."
"I think we should get a mail notification or similar when a new round starts. So we won't be dependent on us going to the Fedz site."
"Is there any possibility for push notification?"
Clearly, a user-friendly solution was urgently needed.
Our solution? A Telegram bot specifically designed to keep NFT holders alert and ready for their turns. Telegram was selected for its familiarity, simplicity, and alignment with our visually engaging user interface.
The bot continuously monitors the Arbitrum blockchain, tracking the Fedz contract (0xbF378EfFB797Eeeab306506f8b03A3A7bfcBfe28). It decodes blockchain events to extract detailed round data and individual turn orders, ensuring accurate and timely notifications.
Key features include:
Proactive Notifications: Users receive reminders eight hours before their turn and another when their turn begins.
NFT Visuals: Notifications include images of users’ Fedz NFTs directly fetched from Arbiscan, adding both utility and style.
Effortless UX: Simply start a Telegram chat, send /startInput your NFT number, and you're set.
Technical highlights:
Built in Python, leveraging PM2 for robust, continuous operation.
Simplified user data management through JSON storage.
Seamless integration with blockchain data to validate NFT turn order accuracy.
Perhaps most inspiringly, the Fedz Turn Alert Bot was developed by a member of our community. "Kavim," a dedicated developer, volunteered his time and skills to create this essential tool, reflecting the collaborative ethos that underpins The Fedz.
At The Fedz, we continually evolve, driven by community feedback and collaborative innovation. Thanks to initiatives like the Turn Alert Bot, our participants can confidently manage their turns without disruption to their daily lives.
Together, we're not just building technology, we're building trust.
Don’t Miss Your Turn!
At The Fedz, we're committed to revolutionizing DeFi by ensuring our stablecoin, $FUSD, remains resilient and stable. Central to this goal is our unique sequential access mechanism, known as Turns and Rounds, which mitigates bank runs by organizing liquidity access in an orderly, ordered manner.
In our ecosystem, liquidity is accessed sequentially by participants who hold exclusive Fedz NFTs. Each round consists of multiple turns, with each NFT holder getting their specific turn to mint fresh $FUSD tokens. This structured approach, grounded in research by economists such as Green and Lin, ensures stability by eliminating panic withdrawals. Every participant sees their turn coming, thereby reducing uncertainty and fostering trust within the ecosystem.
In practice, NFT holders, our The Fedz participants, are diverse, ranging from busy investors and active traders to DeFi enthusiasts and developers. Not surprisingly, many have reported difficulties in consistently keeping track of their turns:
"Yeah someone asked earlier - an email notif would be helpful + Add to Google Calendar / iCal."
"I think we should get a mail notification or similar when a new round starts. So we won't be dependent on us going to the Fedz site."
"Is there any possibility for push notification?"
Clearly, a user-friendly solution was urgently needed.
Our solution? A Telegram bot specifically designed to keep NFT holders alert and ready for their turns. Telegram was selected for its familiarity, simplicity, and alignment with our visually engaging user interface.
The bot continuously monitors the Arbitrum blockchain, tracking the Fedz contract (0xbF378EfFB797Eeeab306506f8b03A3A7bfcBfe28). It decodes blockchain events to extract detailed round data and individual turn orders, ensuring accurate and timely notifications.
Key features include:
Proactive Notifications: Users receive reminders eight hours before their turn and another when their turn begins.
NFT Visuals: Notifications include images of users’ Fedz NFTs directly fetched from Arbiscan, adding both utility and style.
Effortless UX: Simply start a Telegram chat, send /startInput your NFT number, and you're set.
Technical highlights:
Built in Python, leveraging PM2 for robust, continuous operation.
Simplified user data management through JSON storage.
Seamless integration with blockchain data to validate NFT turn order accuracy.
Perhaps most inspiringly, the Fedz Turn Alert Bot was developed by a member of our community. "Kavim," a dedicated developer, volunteered his time and skills to create this essential tool, reflecting the collaborative ethos that underpins The Fedz.
At The Fedz, we continually evolve, driven by community feedback and collaborative innovation. Thanks to initiatives like the Turn Alert Bot, our participants can confidently manage their turns without disruption to their daily lives.
Together, we're not just building technology, we're building trust.
Don’t Miss Your Turn!
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