Thread by @CrossChainAlex

🧵 Thread on @aerariumfi, another innovative upcoming launch on #Metis based around fractional ownership or the protocol or Treasury-as-a-Service (TaaS). It takes the #node concept (which I strongly dislike) and innovates to make it sustainable (which I like). 1/17

Their #node alternatives are called fractals. Like #nodes you buy fractals using the native $AERA token. 1 fractal costs 10 $AERA. The base reward rate is 0.1 $AERA per 100k blocks on the #Metis network (roughly one day). Fractals will be tradable as #NFTs in due course. 2/17

However, unlike typical #node projects the total supply of both $AERA and fractals are finite. The objective is that by buying a fractal you are buying a fair representative fraction of the protocol, and sharing fairly in rewards/dividends from the protocol. 3/17

Aerarium is the latin word for treasury. And they are looking to align the value of the treasury and market cap, hence mitigating typical discrepancies (and volatility) between market cap and treasury value that the majority of other similar protocols face. 4/17

This will be moderated through buy pressure when market cap falls below treasury value, strategic gentle sell pressure when market cap is 20% higher than treasury value, and actively managed #DeFi farming to generate yield not solely reliant on trading volume. 5/17

There are a max total of 1m $AERA with 10k available at launch in the LP. 650k will be sent to the distribution contract (fractal rewards) and 340k will be sent to the treasury (I assume used to generate yield/control market cap). 6/17

As mentioned it costs 10 $AERA to buy a fractal. Upon purchase 50% of those tokens are used for reward distribution, 29% are sent to the LP to strengthen liquidity, 20% are sent to the treasury and used to generate yield/control market cap to treasury ratio. 1% are burned. 7/17

I believe that in the long-term there are no buy and sell taxes, but for the first 9 days there is a 20% sell tax to incentivise compounding back into the ecosystem. 15% goes to the treasury, 5% goes to the LP, and also there is no claim tax on rewards. 8/17

Obviously once $AERA trading and treasury yield generation starts (via investment and farming) the above mechanisms will come into play to balance treasury and market cap and generate sustainable yield (rewards) to maintain payouts to fractal owners. 9/17

There are some interesting additional features too. @aerariumfi will offer discounted $AERA token packages (bonds) for users to create fractals, to reduce overall sell pressure and promote a sustainable ecosystem. They say there will be no unsustainable flash bond sales. 10/17

They will also offer farms on their website and also via partner farms in a big to offer greater utility, credibility (via partnerships) and promote overall growth of the #Metis ecosystem. This will include native farms, partner farms, hermes emissions and auto-compounders. 11/17

Finally, they are offering the ability to lock up $AERA as $xAERA, a locked version of the token based on the $veCRV model. The aim being to move from an intensive distribution model to a finite token with value derived from revenue captured within the protocol. 12/17

I'm very interested in the model as it looks to balance bootstrapping the growth of a very interesting protocol model with an emphasis on moving towards fixed supply with rewards paid out by genuine protocol generated yields that are sustainable. 13/17

The team comes across as smart and I believe it's the same people that are behind @TheTulipDAO with a track record of success on #Fantom. They seem well connected and are apparently already in discussions with @MetisDAO as well as other projects in the #Metis ecosystem. 14/17

There was a pre-sale for 1k fractals (no $AERA tokens were sold) at a cost of $200 per fractal (equates to $20 per $AERA). I participated and it sold out in about 40 minutes. It was a very smooth experience, congrats to the team. 15/17

$150k from the pre-sale will be paired with 10,000 $AERA for a public launch price of $15 per $AERA. This launch will take place from 14:00 onwards on 26 March, and I will be watching with interest. It's great to see innovative protocols doing new things on #Metis. 16/17

As usual this is a summary of the protocol and #NFA so make sure to #DYOR:

🌐 aerariumfi.com
📗 docs.aerariumfi.com/aerarium
🐦 twitter.com/aerariumfi
📩 discord.gg/aerariumfi

Hope you found this informative and lmk what you're excited about on #Metis 😄 17/17