The @apolloDAO had started building their warchest long before Protocol Owned Liquidity became the new buzz word. A quick 🧵on why owning a share of the DAO by holding $APOLLO tokens could be a low maintenance way for #LUNAtics to build wealth.
Since the Token Generation Event, $APOLLO token is currently sitting at an easy 10X the Community Farming rate of $0.25 This is just the beginning. According to their Tokenomics model (articles.apollo.farm/apollo-dao-tok…), they will continue building the warchest for the next 3 years!
The greater the value of the warchest, the greater the value of $APOLLO token.
To build the warchest, a 10-20% performance fee applied to the various @ApolloDAO vaults.
But why would anyone depositing a token - $UST LP pair agree to that!?
To build the warchest, a 10-20% performance fee applied to the various @ApolloDAO vaults.
But why would anyone depositing a token - $UST LP pair agree to that!?
For the $APOLLO tokens they will receive as LP rewards, of course!
@apolloDAO write, “users will never receive less value in Apollo tokens than is taken in the performance fee”
@apolloDAO write, “users will never receive less value in Apollo tokens than is taken in the performance fee”
To find out more about how the @apolloDAO will accrue value for token holders, join us next Tuesday, 30th November at 4pm PST for a @TwitterSpaces event where we talk with @Cosmic_ape1 from the Apollo DAO team.
There may be alfas dropped 🔥
There may be alfas dropped 🔥
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