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DPIN is a treasury acquisition vehicle dedicated to acquiring Disney Pinnacle NFTs on the Flow blockchain.

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Tl;Dr:

• KittyPunch has introduced a new trading product called ‘Strategies’, which scales the deployment of onchain treasury acquisition vehicles for liquid trading.
• DPIN is the first live trading product from ‘Strategies’, with the mission to acquire Pin NFTs from the popular Disney Pinnacle App on Flow blockchain.
• DPIN token is available for DEX purchase with an initial supply of 3M tokens.
• DPIN Contract Address = 0x96943341663dA3bDB36cd7099AaC9bbbB3686189

Disney Pinnacle is a Flow blockchain app from Dapper Labs that lets users hunt for, collect, trade and curate exclusive officially licensed rare digital pins featuring beloved characters from Disney, Pixar and STAR WARS.

KittyPunch is excited to introduce DPIN, a new onchain treasury acquisition vehicle designed to acquire Disney Pinnacle NFTs. DPIN is the first liquid trading vehicle that provides direct exposure to the popular NFT collection in a decentralized manner.

What KittyPunch did for DeFi on Flow, it will be doing for Disney Pinnacle with DPIN. Here’s a quick run down of what you need to know.

How it works

DPIN functions to acquire free capital from the Flow ecosystem and beyond via direct purchases, or via fees generated from the productivity of products related to DPIN.

This free capital is used to acquire Pins from Disney Pinnacle via both the primary and secondary markets, in addition to advantageous OTC opportunities. These Pins are then stored in the DPIN Vault and appreciate in value as the app gains mainstream popularity (we are very early).

DPIN Vault: https://disneypinnacle.com/user/@DPIN/pins

Additionally, the assets held by the DPIN Vault will eventually be put to productive use as the Pins become more decentralized in accessibility onchain. This includes concepts like lending/borrowing and algorithmic market operations where DPIN can function as a market maker within ecosystem NFT platforms.

As the premium to Net Asset Value (NAV) of the DPIN Vault increases, onchain governance via the KittyPunch protocol token, FVIX, will be used to determine the minting of additional DPIN tokens for direct purchase. This injects more capital into the system, and thus more purchases of Pins can be made.

DPIN Tokenomics

Unlike liquid fungible asset targets for treasury acquisition vehicles, NFTs require an upfront issuance of strategy tokens to fuel the system.

Therefore, 3M DPIN tokens are being issued at launch. With 2.5M tokens available in a PunchSwap V3 pool for direct purchase, and 0.5M withheld to backfill PunchSwap V2 and PunchVix volatility pools to facilitate effective trading and fee generation.