Thread by @THORmaximalist

1/13

What is @BrokkrFinance ?
The first protocol to build investment strategies on @THORChain synths is here.

The IDO is coming up, small overview.

Retweet giveaway : 5 Brokkr NFTs for IDO whitelist.

⬇️🧵

2/13

First, here's ways you can participate in the IDO :

March 30-31 : Whitelist Sale
Accessible only for holders of Brokkr Whitelist NFTs. A snapshot of the holders will be taken on the 29th

Each NFT lets users buy up to $1,500 during the Whitelist Sale (2NFTs = $3,000 alloc)

3/13

April 1st : @thorstarter $UST commit

It will have price discovery mechanics and thus two phases. It's designed in a way that everyone ends with the same price.

4/13

Users will commit $UST independently on the price. They just invest based on how much they're comfortable. At the end of this phase price X is found (based on how much people committed to total tokens in the sale)

5/13

March 3-4 : Withdrawing

Anyone who is not comfortable with the price that's been found can withdraw what they committed.
Each withdrawal has an effect on the final price. After the Withdrawable phase ends, the "Discovered" price is found.

6/13

Everyone who participated receives a corresponding amount of $BRO tokens for that price.

7/13

Marche 5-8 : StarTerra sale

The price that's been discovered on TS will be used on StarTerra and will be fixed for the whole time of the sale.

Max allocation $2,500

8/13

What is @BrokkrFinance ?

Brokkr is an investment protocol that enables the creation of automated strategies that are grouped into portfolios. A multichain @iearnfinance with more sophisticated strategies.

9/13

It allows you to do very complex yield farming strategies in a non custodial way, all through smart contracts.

The founders are elite yield farmers and wanted to commodify their strategies.

10/13

Users will be able to pick the risk bracket they want to be in, deposit capital and it will all get executed in a click, pooled with others to get economies of scale on compounding etc.

11/13

Here are some examples of strategies they're launching with :

Mirror Delta Neutral. It will go live next week in capped version). Then the other strategies will come out in Q2 and will be focused on Stable coins → to build the first Portfolio

12/13

Other strategies will be :

Anchor - Mirror short loop
Anchor + Insurance
And some others (Also we want to utilize TC if possible and the vaults)

13/13

Once TC synths are composable, strategies will be built.

Disclosure :
I'm an investor in the seed and series a of @BrokkrFinance.