# Tavern Goer #### What is $RUM? Rum was created by the DAO to help incentivise liquidity for the game. The token is a premium currency used to mint exclusive rewards in the DPS universe. Rum will be paid out as rewards for: \ \ **TMAP <-> Doubloon** **Doubloon <-> MOVR / ETH (depending on chain)** #### What is $RUM used for? $RUM holders will be able to redeem $RUM for other Pirateverse assets such as room upgrades. #### Why not just offer $TMAP and/or $Doubloons? By giving liquidity providers $TMAP or $Doubloons as rewards you create downward sell pressure on assets as people look to convert those rewards into cash. By offering a different asset we look to protect the value of these currencies. #### Why should I provide LP? As we grow as a project we want people to have an easy on ramp to the game. The goal is that Doubloons are the currency of the Pirateverse and having a Doubloon <-> MOVR/ETH pool gives players an easy on ramp. From there they can purchase TMAP from the TMAP <-> Doubloon pool to go on voyages. Using any spare doubloons to acquire upgrades and support ships. NFT projects are a collective effort by all involved, just like guilds in WoW or ESO. By offering $30 or $50 of LP, you help lower slippage and create a better experience for all. When everyone is working together for the long term health of the project, the project is much stronger. #### What are the risks? The main risk when providing liquidity is impermanent loss. When you provide liquidity to a pool you take the current swap rate and provide assets in that ratio. As the price fluctuates you will be able to withdraw more of one than the other. E.G If you add 100 $TMAP and 3000 $Doubloons and the $Doubloon Prices increase vs $TMAP, when you come to remove liquidity you might receive 150 $TMAP and 2000 $Doubloons. #### Dao Owner Liquidity The DAO will be utilising its assets to provide liquidity to the pool for two reasons. 1. Deeper liquidity providers less slippage for players and a better game experience. 2. The reward from $RUM rewards will allow the treasury to collect NFTs that can be auctioned or used as giveaways for the community and is the first step in generating revenue for the treasury. If anybody wishes to donate small amounts of $TMAP, $Doubloons, $RUM or $LP to the treasury it would be greatly received (Moonriver Treasury Address: 0x85E3A9A05d5e37778ee4559673F7c4F3ACb831b1). ### How to Add LP 1. Go to 2. Click Add 3. Choose asset 1 as Doubloon 4. Choose asset 2 as either MOVR or TMAP 5. Select the amount of Doubloons you wish to add 6. The DAPP will select the appropriate amount of MOVR or TMAP for you 7. Approve Tokens 8. Confirm adding liquidity 9. Next go to 10. Search for Doubloon 11. Select the appropriate farm and approve 12. Add Max liquidity and confirm 13. Stake that liquidity to start earning $RUM 14. Wait for that $RUM balance to grow! Now go out there and get your rum, ye scurvy dogs! --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://damnedpiratessociety.gitbook.io/the-damned-pirates-society/ways-to-play-gamefi/tavern-goer.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.