Howdy, frens! We’re excited to announce that we’ve integrated Chainlink Price Feeds on mainnet to activate the main feature of our game — dynamic NFT farming. We’re excited to reveal to users how the underlying game mechanics work and how it leverages Chainlink oracles to access high-quality and reliable price data needed to generate boosts when breeding NFT creatures.
We decided to integrate Chainlink as our go-to oracle solution because it is the most widely used and time-tested decentralized oracle network in the industry. It already supports top DeFi and NFT apps, successfully securing tens of billions of dollars in value across the blockchain space through periods of high market volatility and network congestion.
Creating a fair, engaging NFT farming game with Chainlink
Degen’$ Farm is a collectible NFT game on Ethereum using the ERC-721 standard, where players can collect unique NFT creatures, lands, and tools. Each creature not only delights its owner but also accumulates network fees in the process.
There are 20 types of creatures on our farm, with three levels of rarity: normies, chads, and degens. While 2000 normies are available during the initial distribution, 400 chads and 20 degens can only be farmed. Essentially, 2000 normies are used to breed 400 chads, which can then be used to give birth to 20 mighty degens.
If you want to farm one chad creature, you need to get one normie and one land and deploy both into our farming cabinet for one week. Not everyone will get them though — the basic probability of chad farming is 20%, and chads are breeding the mighty degens with a basic probability of 5%. But you can improve it, and that’s where the real farming competition starts!
Successful farming depends on the luck and DeFi experience of the farmer. Each creature is connected with a specific DeFi protocol. For example, our horses are in love with UNI. If the farmer has UNI tokens in their wallet, the chances of farming a chad horse are boosted. But it’s not only a whale’s game! If the price of the asset connected to the creature type increases during the farming process, the chance of getting a rare creature is also boosted. Tracking the price of the selected asset is crucial, and Chainlink Price Feeds ensure that the calculation behind the probability of getting a rare creature is fair, precise, and tamper-proof.
Degen’$ Farm is tightly integrated with the underlying assets of the most prominent DeFi protocols, meaning we need a wide range of crypto asset prices. With a robust compilation of decentralized price oracles already running in production, Chainlink Price Feeds are easy to integrate and provide users with strong integrity guarantees around the generation and distribution of our rare farming creatures. Some of the top features of Chainlink Price Feeds that influenced our decision include:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and wash trading. Chainlink’s data aggregation model generates accurate global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record for reliability, even during high gas prices and extreme network congestion.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or the oracle network.
- Reputation — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.
“Our Chainlink Price Feed integration will provide our players with the most secure and reliable price data for supporting a fair and transparent distribution process of chad and degen creatures. Chainlink is the most trusted decentralized network, and the Chainlink Labs team has provided us with excellent support to make sure the process is fast and secure.” — Chichi, Degen’$ Farm CEO
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.
About Degen’$ Farm
Degen’$ Farm is our attempt to embrace the degen spirit and support the establishment of the new degen world order. The logic behind the game connects the dots between the most notable DeFi protocols and explores DeFi mechanics from the NFT perspective. We are celebrating farmership and rewarding the curious pioneers and innovators. And perhaps our act of art will leave a trace of spartan beauty on-chain forever.