Thread by @CryptoaaService

1/ Mega Thread (Part 1)
Lava Financial
Network: Avalanche
Launch Date: Provisionally early April

Hello again, Sorry this one took so long. Been mad busy with work! I've listened to both YouTube recorded AMA's and watched a bit of the poker as well! #nodelife #crypto

2/ Also scanned the discord and asked a lot of questions. Defo need a break after this one!

Let's Dig in. The Core team have spent a lot of time on this project. What I like is that they have been in the node space themselves as investors,

3/ and like some other projects have identified weaknesses that they are keen to fix in order to find sustainability. There is a clear phased plan that's been put in place and some interesting strategies in the forms of Angels, subsidising and sister projects.

4/ Lava is going to explode in biblical proportions.
Puns fully intended. The protocol is broken down into phases so I'll review with my high lvl of each phase so you get an idea of the direction it's heading. Please keep in mind they seem to be very flexible

5/ on how to implement things. I like this personally as it allows for adaption to ever changing conditions.

Phase 1

Components:
Nodes - Passive income with a bit of tapering
NFTs - Boosters

Nodes

See tiers below: Source: Latest whitepaper

6/ You won't be able to use the bonding processes to buy Nodes at Launch straight away but it will
soon be open after launch. Nodes are not transferrable. But if you were hacked the team may
be able to help out. (No promises but it was mentioned during an AMA.)

7/ I thought that was classy from the team). Yes the nodes include fees paid in USDC.e. The UI will provide you a deadline for pay date.

Flexible Nodes

Interesting concept best compared to a savings account with a purpose to get your first car.

8/ You start with a minimum of 1 lava that earns 0.5% a day return and you can steadily add more to that
flexible node until you reach the required amount for a full Fuji. If you have an existing node you can compound those rewards to your flexi node too.

9/ The flexi node only applies from 1 lava to a Fuji.

Fusion

You can fuse nodes together to get reach the next tier. So for example a Nova costs 500 $LAVA, if you have 5x Fuji Nodes you can fuse these together for a small fee to get a Nova. The team may turn this feature..

10/ off if needed for sustainability purposes. Again another example of being adaptable to market conditions.

NFT boosters

See below: Source: White paper.

11/ This will raise a fair junk of funds split between Marketing/Liquidity and the treasury before launch with the Majority going to the Liquidity Pool to help control the volatility of Pump and Dumps at launch.

12/ There will no doubt be a bidding war for the higher tiers of boosters as if the project gets the hype it needs to help with this. I think it will. The auction will be in Avax and they then plan to convert this to USDC.e and distribute out as described earlier.

13/ Also some secret utility for the NFTS planned for later.

Pre sale: Yes for WL. Spots almost gone. Anyone who misses their WL spot will have it reallocated out.

Pre sale reminds me of the way the tavern did it a bit. You buy pLava and essentially can only use that
for nodes

14/ ..although the tavern were slightly different where xMead slowly got released in batches to Mead.

Launch price: $0.60

$Lava will be used to create nodes throughout each phase and can be bought using USDC.e. The rewards from the nodes will probably start off being paid in

15/ $Lava but the team may change it to USDC.e. Again keeping options open and being adaptable. The $Lava token will gradually lose it's ubiquitous utility within the protocol as the project progresses onto phase 2 and eventually (hopefully) phase 3! Essentially becoming the

16/ reserve for bearish times and Star Wars: The Covid Variants strike back phase.

There is also the governance token that is airdropped at each node creation. See tiers below:

17/ not sure if this is phase 1 or 2 but I would assume phase 1. gLava is the governance token and can not be sold or transferred. This prevents collusion and manipulation of the governance system.

Phase 2 - The big push to sustainability.

So much planned here....

18/ ..and the phase I am most looking forward to.
The $nlava implementation will up and running once the treasury is looking and producing healthy amounts. $nlava will be in part used for reward payouts. An example is..

19/ if the treasury is making 25% of the emissions in profit then a large percentage of that would be used
as rewards so you would be paid in $lava or $USDC.e and $nlava. There will also be the introduction
of the 3 sisters, angel investments and

20/..more investments with the help of the community.

The 3 Sisters

Athena, Moneta and Flora. These 3 sister projects will provide some nice chunks to the Treasury with Ari I think it was in the AMA particularly excited about Moneta being the money maker.

21/ But the team have kept their cards close to their chest on this so other protocols don't copy them at this early stage. I respect that and I am now more excited to see these 3 projects in action. Nearly typed sisters there. Awks.

22/ I spent a little while trying to find clues
and couldn't find anything about the sister projects. Even what the names meant but I think it's just based on an interest of ancient greek/roman history! I think one of these might be a game though...we'll see.

23/ Angel Investments - More $nlava utility

The idea is a wealthy investor goes to a startup and offers them the capital to get going and hopefully
flourish. Happens offline a lot too. It's risky, especially in crypto considering the success rate of projects.