FLIX/OSMO Genesis Stream Updates

April 27th, 2023

Fam, OmniFlix Network is thrilled to announce the successful launch of FLIX token on April 20th via StreamSwap Protocol on Osmosis blockchain, with 3,133 unique accounts participating in price discovery for FLIX!

The community-driven nature of OmniFlix has been years in the making, and we're excited to share the results. Below is an overview of the event, the teams involved, and the final results

The History!

The journey began in April 2022 when Sistla, the builder of OmniFlix, asked Sunny (building Osmosis) "wen LBPv2?".

From that moment, the collaboration between the Osmosis and OmniFlix teams took off, leading to the development of the Golang module and after that, the smart contract version was discussed at Cosmoverse 2022.

Left to Right: Sunny, Josh, Daya, Orkun & Sistla - visual from a historic meeting to discuss everything that followed after - at Cosmoverse 2022

With a solid foundation in place with respect to the mechanism, architecture and stack, the Flix Crew and StreamSwap DAO worked together to move the contracts to the audit phase, carried out by Oak Security starting in Feb 2023. Following the successful audit in March 2023, the teams prepared for the mainnet deployment.

Listen more about the history in the Twitter Space with Sunny (Osmosis), Daya (OmniFlix) & Liam (Host, FlixTalk), recorded by TerraSpaces.

Governance proposal (#483) on Osmosis

A preview of the final state of Osmosis proposal #483 with a resounding 96% YES votes!

Thank you to the delegators and validators on Osmosis Zone that participated in the successful uploading of StreamSwap contracts via prop. 483

We are grateful to the community for supporting the proposal to deploy StreamSwap on Osmosis. A special mention goes to the Osmosis team for their timely assistance, ensuring a smooth and seamless experience for everyone involved.

Testnet (2 days before the mainnet)

Prior to the mainnet launch, an engaging Trading Competition took place on the Osmosis testnet to stress test StreamSwap. In this event, 2739 accounts took part across 3 StreamSwap streams, each lasting 1 hour and having a Bootstrapping Period of the same duration.

The objective was to earn the most ssFLIX using ssOSMO. This resulted in a number of strategies and UX related observations from participants, which helped in improving the overall state of the app by the mainnet launch.

Preview of the StreamSwap Testnet leaderboard with participation from 2739 accounts. Not all will be eligible as the rules stated clearly that each account should spend between 100 and 1000 OSMO to acquire FLIX

StreamSwap Stream on 4/20

Every StreamSwap launch has two phases: Bootstrapping and Streaming. For the FLIX/OSMO genesis stream, the Bootstrapping Phase lasted 39 hrs, followed by a 1-hour Streaming Phase. To know more about StreamSwap, check out the official blog post introducing the protocol.

During the Bootstrapping Phase, 620K+ OSMO were deposited, setting the stage for the Streaming Phase, which lasted for 1 hour. A lot happened during the Bootstrapping Phase. Below are tweets leading up-to the event:

Osmosis helping their community understand how StreamSwap works:

Jacob from Notional & team (who also powered the StreamSwap infrastructure on Osmosis) tweets about StreamSwap:

This was just 19th, On 20th.. we had the Flix Fanatics and the rest of the ecosystem show their support!

The FLIX token was visible and available for access on the Osmosis main app.

Just 5hrs before the Streaming Phase started, Keplr went live with the integration of the OmniFlix native app.

This was massive!

Cosmostation team tweeted out their integration of StreamSwap and the FLIX token launch via StreamSwap.

Just before the Streaming Phase, our Launch Party kicked off and it was spectacular. To relive the excitement, check out the Launch Party video below as it unfolded 👇

At the end of the Streaming Phase, 640,170 OSMO were swapped for 1M FLIX 🔥

The StreamSwap Streaming Phase was well worth the 36 + hrs wait. It was an exciting experience, akin to the climax of a thrilling movie or game, and we’re glad that everyone was able to enjoy it in the same spirit to the fullest!

Stats from the FLIX / OSMO genesis stream

A summary of stats with respect to the genesis FLIX / OSMO stream, are as follows:

A snapshot of the StreamSwap stream (Bootstrapping Phase & Streaming Phase)

The Bootstrapping Phase & Streaming Phases were 36 + hrs and 1 hr respectively.
The stream was created to swap FLIX for OSMO
A total of 620K+ OSMO were used to subscribe during the Bootstrapping Phase
A total of 1M FLIX were streamed during the Streaming Phase
Finally, a total of 640,170 OSMO were swapped for 1M FLIX by the end of the Streaming Phase
Some more stats to help you understand how the stream performed:
- Total OSMO subscriptions during the Bootstrapping Phase - ~620K+ OSMO
- Total participants - 3133
- Average deposited tokens - ~204 OSMO
- Average received tokens - ~319 FLIX

Milestones

The FLIX token launch saw numerous milestones achieved on & around 4/20.

Listing of FLIX on Osmosis
Integration of FLIX within Keplr
Integration of StreamSwap app within both Keplr (mobile app) and Cosmostation (mobile app)
Creation and liquidity provision for AMM Pool #992
95% all FLIX in the StreamSwap contract being redeemed in under 48 hrs

Integrations across the board include Keplr (web & mobile), Cosmostation (web & mobile), Leap (web & mobile) along with Mintscan (explorer).

Integrations that went live during the FLIX Launch on April 19th & 20th

We express our gratitude to everyone involved, including our node hosts, creators, collectors, community members, partners, developers, Flix Fanatics and the Flix Crew.

Special thanks to..

The individuals and teams responsible for making the FLIX / OSMO StreamSwap stream happen the way it did

Osmosis team members Victor, Aaron, Emperor OSMO (@Flowslikeosmo), Kevin, Johnny, Nico & Jeremy for their invaluable and timely contributions.
Special thanks to Jack Zampolin, Zaki Manian & Greg Osuri for sharing their insights into various aspects of the network and the stream during the conversations with the Flix Crew.
Special mention goes to the Chainapsis team for ensuring the timely integration of the network and StreamSwap app into the mobile app.
Shoutout to Jacob & Notional team for their participation, support & provision of Osmosis infrastructure during the StreamSwap stream.
Special mention to Mikey & the Cosmostation team for their timely help to ensure StreamSwap was listed on the Cosmostation mobile app.
Robert, for working on the initial golang module that proved it was possible and was almost completed by Cosmoverse 2022.
Kudos to Justin for the outstanding design of the StreamSwap app, which later served as the foundation for the current live app.
Orkun, Adnan, Serken & Flix Crew members for their exceptional efforts on StreamSwap.
The Flix Fanatics for their relentless dedication - Super, Tenka, Joseph & Mani
All of OmniFlix’s node hosts for their contributions regarding the infrastructure before the token launch, particularly with the upgrade, and especially after the token launch, when managing the increased load.
Finally, to the contributors we know as the Flix Crew, Harish, Rambabu, Pooja, Srikanth, Gnanendra, Naveen, Ken, Satish, Chetan, Jatin, Hariom & Rakesh for their hard work all through the years. Some of these contributors have been with us since 2017!

All the efforts, both big and small, from years ago until D-Day lead up to this stellar launch.

As we celebrate these achievements, we eagerly anticipate the continued growth and development of the OmniFlix Network. Thank you for being a part of this exciting journey.

With your support, we look forward to reaching new heights and expanding the OmniFlix Network. Stay tuned for more updates and exciting developments in the near future.