Hawksight Degen Pool: Gamifying DeFi while rewarding NFT holders

3 min readApr 28, 2022

TLDR: Hawksight is developing a no-loss DeFi prize pool GameFi project (similar to PoolTogether on Ethereum) to gamify & drive Total Value Locked to Hawksight’s DeFi vaults — while rewarding Debonair Degen Hawks NFT holders with 67% of GameFi fees. Target beta launch: Q3–2022

Hawksight’s mission is to make DeFi accessible to Everyone — and we are tackling this mission with 3 (three) strategic launches:

DeFi app with 1-click automated DeFi strategies
DeFi-NFTs to “mint” first-time DeFi users
GameFi Degen Pool to make DeFi more accessible, engaging, and rewarding to users (especially NFT holders)

What is Hawksight Degen Pool?

Hawksight Degen Pool is a no-loss DeFi prize pool game whereby users can deposit USDC into pools of DeFi vaults, and get a weekly chance to win the entire pool’s yield rewards. And the best part is that if users don’t win that week, they can rollover the deposits into other weekly pools, or withdraw 100% of initial deposits. Hence no-loss, you either win big from the entire pool’s yield rewards, or you breakeven (or rollover to get a chance to win in another pool).

How do Debonair Degen Hawks NFT holders benefit?

Hawksight Degen Pool will generate revenue from profit-sharing and winnings fees. 10% of pooled yield will be dedicated to reward NFT holders, and 5% winnings fees will be dedicated to $HAWK token buybacks and protocol revenue. Effectively, 2/3 (67%) of revenues are dedicated for NFT holder rewards, and 1/3 (33%) of revenues are dedicated to $HAWK token buybacks and protocol revenue. Rewards will be distributed to NFT holders based on rarity as follows:

Platinum: 11x Rewards

Prestige: 5.5x Rewards

Premium: 2.2x Rewards

Prime: 1x Rewards

Besides rewards from GameFi fees, HawkDAO (NFT Holders) will get to take part in the decentralized governance of driving the future success & direction of Hawksight Degen Pool to be the leading gamification infrastructure for DeFi projects.

🐦Get a Debonair Degen Hawks NFT: Magic Eden.

Here is a recap of the full benefits of our NFTs, besides the GameFi rewards mentioned above: Hawksight NFT Rewards & DeFi Ecosystem Building

Timeline & progress

We expect to launch beta Hawksight Degen Pool in Q3–2022, which is perfect timing a few months after Hawksight DeFi app mainnet launch, since both will be integrated together.

Our Growth Flywheel

Hawksight Degen Pool will generate revenue and drive value to $HAWK and NFT holders by:

Accelerating DeFi adoption on Hawksight
Becoming a gamification infrastructure solution for other Solana & Terra DeFi projects through partnerships

Disclaimer: Degen Pool and reward details are subject to changes and improvements to align with development and trends

What is Hawksight?

Hawksight is a DeFi super-app for Everyone. Simply deposit USDC to automate DeFi strategies and earn profit-optimized yield on Solana. Or make smarter investment decisions using our superapp’s AI-driven trading signals, social signals, DeFi-NFTs, and GameFi utilities. Hawksight is backed by Solana Ventures.

Passive investors can simply deposit USDC to automate DeFi strategies to earn capital gains and profit-optimized yield on Hawksight.

While Active investors can access AI-driven trading and social signals to make smarter trading decisions

Hawksight’s mission is to make DeFi yield accessible to Everyone — and we are tackling this mission with 3 (three) strategic launches:

DeFi app with 1-click automated DeFi yield strategies
DeFi-NFTs to “mint” first-time DeFi users
GameFi Degen Pool to make DeFi more accessible, engaging, and rewarding to users (especially NFT holders)