Fire Ritual Update: Proclamations, Contracts Deployed, and Burning Incense
Templars. You wild, beautiful Templars.
TempleDAO Discord started with one invite and zero marketing. Over the next few months a few thousand weary pilgrims made their way to our gates. In the last week over a thousand people joined every day.
It has been a delight to see the festival unfold. Sacred doctrine, rare pepes, rap battles, !verify-premium, .. iykyk.
If you don’t know, you might be looking for:
- TempleDAO principles and the intrinsic value concept
- Mechanics 1: Safe Harvest & intrinsic value (👈 important context)
- Mechanics 2: Safe Premium
- Mechanics 3: Bonus Rewards
- Mechanics Part 4: Unstake Queue & Temple Defend
- TempleDAO Roadmap
- TempleDAO Fire Ritual & Tokenomics
1. Frax <> Temple Partnership
We are meditating on some deep partnerships with the Frax community, the first of which is currently under discussion and vote. Frax is a very nimble protocol with a great team, community, and track record.
We’re excited about working together to drive increased demand for $TEMPLE, deeper liquidity, cheaper lending markets, and a few even more innovative possibilities. The Temple gives back to those that give to it, so we have selected $FRAX as our stable treasury asset — a decentralised stablecoin with a tight peg and deep liquidity.
When you come to the Altar, bring $FRAX to sacrifice.
2. The Burn Incense Ritual begins today (29 September) at 7pm PDT
If you have the Fire Rituals role in Discord, have completed the Collect Offerings Ritual by visiting the secret Altar in Cryptovoxels, and confirmed your incense: You Are Ready.
At 7pm PDT today we will summon the first Templars into the Temple.
Every 24 hours, people will be summoned. If you complete the Burn Incense Ritual within your 24 hour window, you receive the cheapest offer. If you delay, the number of $FRAX stablecoins you must sacrifice increases.
Everyone pays the same price on a given day — no need to hurry — but make sure you are not late, and arrive at the Temple within your 24 hour window.
Templars will be informed of their day of summoning 3 to 7 days prior in their #collect-offerings channel so they have time to prepare.
3. New Fire Ritual Roles available for The Deserving
Over the next week we will be inviting over 100 Deserving Templars to the Fire Ritual. And wow, are some of you Deserving.
We will be rewarding love, faith, and good works in the form of high quality discord engagement, memes, visual/audio/performances, tweet threads, and direct help on small projects.
Many of these roles are hand picked by the Temple Watch. There is no set criteria, only to have faith and Be Deserving. Other Templars will be selected by Observance and her supporting clerics. They say she never sleeps and is Always Watching.
4. Contracts Deployed
All contracts utilized in the Fire Ritual are now deployed and available on Etherscan.
For those that love addresses:
- TEMPLE ERC20:
- LOCKED_TEMPLE ERC20:
- FIRE RITUAL:
We have not yet deployed contracts related to features that will only become active post Fire Ritual, such as Temple Defence. More to come!
5. Gitbooks in coming days
A flood of partnership conversations and Discord festivals have slowed down some of the very important work finalizing our documentation. Almost there, expect it in the coming days.
It’s a good news week.
We’ll end this post with a little Q&A.
What next? How can I participate?
The Fire Ritual will run for the next 21 days. After that, we will begin the Opening Ceremony and welcome all Templars into the Temple.
Visual learners rejoice:
How do I Burn Incense?
On the Ritual page, they will then be greeted and asked to connect their wallet with Metamask:
If the Templar has not received their incense, they will be denied entry.
If the Templar has received their incense but it is before they have been summoned, they will see this page:
If the Templar has received their incense and it is after they have been summoned, they will be granted entry and see this page:
Once the Templar has been granted entry, they will be able to burn their offerings, sacrifice their $FRAX, and complete the ritual. They will then be staked and locked until the Opening Ceremony period.
The sacrifice must be completed using the $FRAX.
Frax ERC-20 address:
The Templar can find more details about the $FRAX token in the Frax Docs. $FRAX can be acquired at Uniswap, Sushiswap, or Curve or by using an aggregator like 1Inch and Paraswap. The $FRAX must be in the wallet that was submitted during the #collect-offerings ritual.
Completing the Ritual
Once the incense are burnt, the offering is made, and the $FRAX sacrificed, the Templar will then staked and locked until the Opening Ceremony. At that moment, they will be guided into a new Chamber — the Fire Chamber—by the Temple Council by following the instructions in their #collect-offering channel.
We thank you all for being apart of this journey with us. It has been a special time for the Temple Council witnessing so many Templars participate. We look forward to welcoming you into the Fire Chamber and continuing this journey together.
For those not yet invited to the Fire Ritual and want more information, join Discord, get !verified, and begin your journey.
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