Today we're going to share a thesis that we've read on @VaderProtocol, specifically about their native token, $VADER.
⚠️ Warning: Reading this might cause you to irresponsibly ape into Vader. Just try to control yourself. Consider yourself warned!
🔥 Let's go! 🔥
@VaderProtocol We did not come up with this awesome thesis.
It came from a person named zeroboundss from the Vader Reddit subthread. Decided to make a more graphic version of it and help spread it around so that more people will understand the uniqueness of the Vader Protocol.
🔹 Paradigm shift in governance tokens right now
🔹 Vader protocol combines several primitives in DeFi space that nobody has seen before
🔹 $VADER accrue value from the revenue streams: Protocol Owned Liquidity + AMM
🔹 No one knows how to extract value from governance tokens
🔹 Value is largely speculative due to the popularity of the protocol or TVL, but there is no clear value accrual of the tokens from the protocol
🔹 None of the current AMM have their own liquidity
🔹 They have rented liquidity so no/little profit can be generated for themselves, hence very little profit is channelled down to governance token
🔹 Tokens are only used to vote
🔹 TVL➡️Fee Revenue for protocol ➡️ LP's cut ➡️ Protocol's cut ➡️ Governance tokens
🔹 By the time the value reaches the governance token, not much is left
🔹 Hence to extract USD value from the tokens, people sell it
🔹 Protocols can distribute a % of the fees generated by trading with LP liquidity to the governance token holders
🔹 But LP will have fewer profits, and they might leave en masse out of the protocol
🔹 We know that rented liquidity has no loyalty, only yield matters
🔹 Protocols have huge revenue but low-profit margins because they do not own any liquidity
🔹 Without profits, nothing can be passed down stream to the governance tokens
🔹 Combines the idea of POL (by @OlympusDAO) with revenue-generating AMM together
🔹 Protocol will be profitable and a huge treasury will be built with highly profitable revenue streams
🔹 A % of this profit goes to $VADER, providing a yield
@VaderProtocol@OlympusDAO Now we have a larger share of the fee revenue going to the protocol itself, and thus a large part of it can be channelled down to the $VADER token
🔹 By holding on to the $VADER token, holders do not have to farm to dump the tokens in order to extract value, they will get a cut of the protocol's revenue stream
🔹 Farm-to-dump model ➡️ Hold-to-claim model
🔹 This is a breakthrough
➡️ Vader Protocol is the first to combine POL with fee generated from its AMM for the $VADER token to accrue value
➡️ By holding on and not selling, users can claim a part of the revenue stream
➡️ This hold-to-claim model shall become the gold standard in the future
Today, we are sharing a quick tutorial guide on @xDollarFi App v2. It might be a little confusing to newcomers on what the different features are all about, so we decided to do a light introduction to them.
Ready? Let's go 🔥🔥
@xDollarFi First of all, what is xDollar Space (v2)?
This is a multi-chain interest-free lending platform. Users can deposit assets to borrow their stablecoin, $XIM, with a min collateral ratio.
So, what can you do on xDollar app?
@xDollarFi xBank is where users can open Troves to deposit their collateral to borrow $XIM. So far, only $WBTC and $WETH can be used, but more will be added in the near future. There is a one-time borrowing fee of 0.5% and the min collateral ratio is 110%.
🔓 Software engineer, entrepreneur, and founder
🔓 Started to learn how to code at 13
🔓 In his first year of university, he created an online job board for students because he was bored
🔓 After 3-5 months, McDonald's started to put job offers on his website
@julien51@UnlockProtocol@AndrewSteinwold@zima_red 🔓 It grew to a couple of 100,000 students on his website
🔓 When Google AdSense launched, he integrated it. In the first month, he earned $8,000 in ads. His father was shocked and created a company for him
👶 Met around 5 years ago. His friends' group and her friends' group decided to go to Mexico together
👶 Was trying to flirt with her but she would have none of it
👶 Decided to approach in a different way by talking about Ethereum
We have 6 short clips from the AMA session of @bprotocoleth with @CRE8RDAO to share. These are from @EthFugu and @creativelem - all contributing members from CRE8R DAO!
Let's take a look!
What is B.Protocol?
This is @EKatchka - Head of Ecosystem and Development, speaking.
BRS Leaderboard
👻 @FelonGotchi is still on the top of the leaderboard
👻 Felon swapped out his LINK Cube for a Milkshake to bring down its rarity score to 933. Still ranked one but within range of Rocinante at 2nd place
👻 Godlike Cacti is crucial for ranking