1./ Today is the launch of the $APOLLO token from @ApolloDAO.
Why has this token value, why you should be excited and why I'm ready to buy. Not financial advise.
The main things to discuss are the #Warchest and the $zAPOLLO token.
A thread about the #Warchest🧵
Why has this token value, why you should be excited and why I'm ready to buy. Not financial advise.
The main things to discuss are the #Warchest and the $zAPOLLO token.
A thread about the #Warchest🧵
2./ So, the #warchest
Liquidity incentives can't last forever and @ApolloDAO is aware of that. Where many protocols face the problem of how to keep incentivising LP providers when all the tokens are distributed, the Apollo team has already solved this before TGE
Liquidity incentives can't last forever and @ApolloDAO is aware of that. Where many protocols face the problem of how to keep incentivising LP providers when all the tokens are distributed, the Apollo team has already solved this before TGE
3./ The #warchest is the solution for this, but what is it?
The community farming event was used to boost the value in the #Warchest. Users were able to deposit mAssets LP tokens, as well as other #Terra governance token LP pairs.
The community farming event was used to boost the value in the #Warchest. Users were able to deposit mAssets LP tokens, as well as other #Terra governance token LP pairs.
4./ Instead of getting the usual rewards of these pairs, the rewards were used to buy $APOLLO tokens for $0.25. The money raised by the community farming event was placed into the #Warchest.
5./ The money distributed to the #Warchest will initially be used to buy $LUNA, $bETH and $aUST. Later on, the #DAO decides which assets to buy.
The value of the #Warchest is used to back the $APOLLO tokens. Because of this, a price floor is created for the $APOLLO token.
The value of the #Warchest is used to back the $APOLLO tokens. Because of this, a price floor is created for the $APOLLO token.
6./ Because the assets bought by the #Warchest are yield bearing assets, the #Warchest has an ongoing revenue stream without being dependant on the protocol fees.
7./ As $APOLLO token rewards decrease over time, there will be an increased percentage of the by the #Warchest generated revenue that goes to Apollo LP providers and Apollo vault users.
8./ This means that in the first years LP providers, stakers and vault users are being rewarded with $APOLLO tokens but as more tokens are being distributed this will slowly be replaced by the #Warchest profits.
9./ As not all the profits will be distributed the #Warchest will be an ever compounding mechanism with the profits to be distributed to platform users getting more and more and more.
10./ So, the value in the #Warchest will grow which means the backing of the $APOLLO token will grow. Because of this, the floor price of the $APOLLO token will also grow.
11./ Because the #Warchest will grow, the profit it's making will also grow so there is more money to be distributed as rewards resulting in an higher APR when using the platform which will like increase the users.
12./ When more users are going to use the platform, more performance fees will be directed to the #Warchest, which will make it grow further, which...
You starting to see it? This #Warchest is a masterpiece and with owning $APOLLO tokens you own a part of it.
You starting to see it? This #Warchest is a masterpiece and with owning $APOLLO tokens you own a part of it.
13./ Later today I'll post something about $zAPOLLO, but to be honest, I don't think you need that to be excited already. If you're not excited yet. Please read this thread again.
@ApolloDAO LFGGGG 🔥🔥🔥🔥
@ApolloDAO LFGGGG 🔥🔥🔥🔥
• • •
Missing some Tweet in this thread? You can try to
force a refresh
