When we released FRTN token a year and a half ago we launched congruently with our first iteration of Ryoshi Dynasties. Our unique take on the game of Risk which let the NFT communities using our platform compete for weekly platform rewards on our NFT market. It was really important to us to have a strong use case for FRTN right out of the gate and so FRTN powered the game of Ryoshi Dynasties by providing the troops to place on the game board through staking FRTN token in our bank vaults.

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Ryoshi Dynasties had been in development for nearly a year before its release, going through multiple iterations and reworks. Starting as a 3D mobile game and evolving into what we thought would be more accessible and popular with our community. The game was very well received, we saw a massive uptick in active wallets not only on Ebisu's Bay but also on the Cronos Chain which was at an all-time low for daily active wallets at the time.

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Our community was eager to compete against one another, interesting team-ups and rivalries came into being. Players were also super happy to earn juicy platform rewards by taking control of the Ebisu's Bay realm.  We were thrilled by the success and continued to iterate on Ryoshi Dynasties. Listening to the feedback of the community and improving upon our designs. FRTN slowly gained traction and hit an all time high October of that year which was amazing. However, over time interest started to fade, our team chose to pivot into the DEX market with the ambitious goal of creating a sister game Moggy Money Market which will allow meme token communities to compete for LP farms for their tokens as well.

Overall the DEX launch has been a great success. We have achieved $2M in liquidity in a few short months which is a fantastic milestone. However, LP farming rewards coupled with the stigma of "rewards tokens" having no real value lead to a fading of interest in FRTN and steady decline in price leading us to an all time low exactly one year apart from our wonderful all time high.

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Many have failed to realized though that FRTN is much more than a simple "rewards token" it is a GameFi governance token which allows the community to direct the flow of rewards though the staking of FRTN giving game token pieces, in turn powering our entire ecosystem. We admittedly lost sight of that by offering a more tradition DEX yield farming and whats worse we did it in an environment (cronos) which has not enough on-chain DEX volume to sustain yield farming rewards for any DEX. To this point we are introducing some sweeping changes which will further reinforce the utility behind FRTN and to reward the strong believers of Ebisu's Bay.

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Using Troops to Boost Farms

As we mentioned before the LP Yield Farming rewards needed to build solid DEX liquidity are not practical for us. Now, users will need to use their troops gained from staking FRTN to "Boost" the yield farm rewards for the LP they are providing. Each troops will provide 30 seconds of boosted APR. Your APR is determined by your Mitama amount. Now in order to achieve those coveted 300%+ APRs users must commit a considerable amount of FRTN to the Vaults as well as use a large portion of their troops to achieve a full week of boosting.

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Capped Daily Rewards Based on Mitama

The amount of FRTN you can reward in one day from both Farm Boosting and NFT Listing rewards is now capped based on your Mitama level. This will limit excessive rewards while still rewarding our top most supporters the highest and allowing anyone to still earn FRTN.

Battle Card Trade In Limits

Ryoshi (aka Troops) are one of the most valuable resources in the game. Now that they have double the use case being used in both Ryoshi Dynasties and Farm Boosting we had expected to see a much higher demand. However there was a huge gap we had left open allowing people to get troops without having staked FRTN in the bank at all. This was through the use of the cards granted by winning battles in Ryoshi Dynasties. It became clear this mechanic is very unbalanced and was hurting the price of troops and in turn hurting the price of FTRN. Our solution is to put a cap on the amount of cards a player can turn in each week, again based on the amount of Mitama they have. Furthermore we have put in a fee of 100 FRTN per set traded in. It may be expected for this to be reworked slightly more, increasing the fee for each set traded in as well.

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Koban Farming Changes

Finally we reach the changes for Koban farming. Koban is in high demand for those players who enjoy Ryoshi Dynasties. It has traditionally been earned by completing a daily check-in on our platform. However, this mechanic is abused by the community. Creating multiply wallets to farm koban and sell it draining the liquidity from FRTN. Now instead Koban will be earned by "boosting" your vaults much the same way you boost your yield farms. You will be spending your troops in your bank vaults to unlock Koban. Those providing LP vaults will receive the highest amount of Koban.

The daily checkin will be changed to daily quests, requiring users to complete daily tasks such as "use the dex", "buy an NFT" or "harvest a farm". Upon completing your daily quests you will receive a loot box which may contain Koban, or other things such as NFTs, community tokens and more. The more tasks you complete in the day, the higher tier box you will get! This feature, unlike those listed above is still a work in progress and not live in production but you can expect to see it soon!

In the meantime Koban will not be awarded for daily checkin, only XP. To obtain Koban you will need to buy it from Rio on the Ryoshi Map at the start of each week and randomly through out the week.

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Wrap Up

We are making some sweeping changes to Ebisu's Bay to further drive the demand for FRTN by incorporating the need for Mitama in many more ways as well as plugging some gaps which were allowing some users to receive an unfair amount of FRTN rewards in ways which were not intended. Mitama is gained by staking FRTN in our bank or by staking LP tokens of FRTN/USDC or FRTN/CRO. Staking the LP tokens gives you an extra bonus amount of FRTN and a higher yield because it best helps the platform grow. We hope to see FRTN gain some momentum and get back on the trajectory we would all like to see. We are excited to next move forward with further integration of lands, heroes and the upcoming Moggy Money Market release. Until next time, FRTN Favors the Brave.