How is @TheCitadel_DAO going to bring #DeFi to #Bitcoin?
Glad you asked fren
Here's everything you need to know about $CTDL yield strategies, in a language you can understand, so you can be ready for the greatest opportunity for $BTC in DeFi, are you ready ser?
🧵
Glad you asked fren
Here's everything you need to know about $CTDL yield strategies, in a language you can understand, so you can be ready for the greatest opportunity for $BTC in DeFi, are you ready ser?
🧵
1/
The Citadel is a Treasury #DAO, built on top of the yield engines;
@BadgerDAO & @ConvexFinance -
$CTDL is a SubDAO to $BADGER
Specifically, it aims to build the treasury with $BTC, $BADGER, $CVX, $bveCVX
The Citadel is a Treasury #DAO, built on top of the yield engines;
@BadgerDAO & @ConvexFinance -
$CTDL is a SubDAO to $BADGER
Specifically, it aims to build the treasury with $BTC, $BADGER, $CVX, $bveCVX
2/
I'm going to assume you know about the #CurveWars, as everyone & their grandmother knows about it now
& for those who do not;
check out @cryptoPothu great thread on the $CRV wars 👇
I'm going to assume you know about the #CurveWars, as everyone & their grandmother knows about it now
& for those who do not;
check out @cryptoPothu great thread on the $CRV wars 👇
https://twitter.com/cryptoPothu/status/1516227343911583744
3/
In short, $CRV is the backbone of #DeFi
$CVX is the token that has the most power over the curve ecosystem & in turn, the entire DEFI ecosystem
So you’ve heard of the curve wars, but have you heard about a key players @BadgerDAO?
In short, $CRV is the backbone of #DeFi
$CVX is the token that has the most power over the curve ecosystem & in turn, the entire DEFI ecosystem
So you’ve heard of the curve wars, but have you heard about a key players @BadgerDAO?
4/
$BADGER main intention is to bring #DeFi onto #Bitcoin & boost bitcoin core development
BADGER has accumulated a $CVX influence of over 1.7M
being 3rd most influential in the $CRV wars, behind $FRAX & $LUNA, but $CTDL is strategically aligned to aid the 4pool with $BTC 🧐
$BADGER main intention is to bring #DeFi onto #Bitcoin & boost bitcoin core development
BADGER has accumulated a $CVX influence of over 1.7M
being 3rd most influential in the $CRV wars, behind $FRAX & $LUNA, but $CTDL is strategically aligned to aid the 4pool with $BTC 🧐
5/
@BadgerDAO vaults have held an average TVL of 600M over the past 16 months, despite turbulent market conditions
All while generating consistent yields for $BTC & $CVX depositors
Here are the 3 Badger vaults that will be integrated into $CTDL 👇 (next tweet)
@BadgerDAO vaults have held an average TVL of 600M over the past 16 months, despite turbulent market conditions
All while generating consistent yields for $BTC & $CVX depositors
Here are the 3 Badger vaults that will be integrated into $CTDL 👇 (next tweet)
6/
Not impressed by the APRs?
You NGMI with that mindset cos there’s something huge you’re missing…
$ibBTC/crvsBTC is a double sided $BTC pool
meaning, Impermanent Loss (IL) is minimal & is boostable with $BADGER tokens up to 26%
& primarily emits BADGER which is 🗝️to boost
Not impressed by the APRs?
You NGMI with that mindset cos there’s something huge you’re missing…
$ibBTC/crvsBTC is a double sided $BTC pool
meaning, Impermanent Loss (IL) is minimal & is boostable with $BADGER tokens up to 26%
& primarily emits BADGER which is 🗝️to boost
7/
Think of $BADGER as a $CRV/ $CVX -like token for the BADGER ecosystem
more BADGER == more yield influence
& if Badger succeeds in bringing #DeFi to $BTC... one can only imagine 🥺
2nd pool- The $bveCVX pool, this is a wrapped version of $CVX with more attractive yield...
Think of $BADGER as a $CRV/ $CVX -like token for the BADGER ecosystem
more BADGER == more yield influence
& if Badger succeeds in bringing #DeFi to $BTC... one can only imagine 🥺
2nd pool- The $bveCVX pool, this is a wrapped version of $CVX with more attractive yield...
8/
thank locking $CVX in convex requires you to lock for 16 weeks, vote every other week, then spend gas on claiming & compounding your CVX
Good-bye profits doing it this way
Whereas, $bveCVX you lock for the same duration & the vault does all the hard work for you while...
thank locking $CVX in convex requires you to lock for 16 weeks, vote every other week, then spend gas on claiming & compounding your CVX
Good-bye profits doing it this way
Whereas, $bveCVX you lock for the same duration & the vault does all the hard work for you while...
9/
maximizing your yields with auto compounding of $CVX & emitting $BADGER
Henlo more attractive yield, right?
Finally, the $BADGER/ $wBTC pool will be integrated in the $CTDL, this pool is a key ingredient as it will generate CVX...
maximizing your yields with auto compounding of $CVX & emitting $BADGER
Henlo more attractive yield, right?
Finally, the $BADGER/ $wBTC pool will be integrated in the $CTDL, this pool is a key ingredient as it will generate CVX...
10/
While yes, its a 2 paired LP pool, there will be some IL, though it may be a blessing in disguise... me thinks.
If $CTDL & $BADGER achieve bringing #DeFi to #BTC, we may see them correlate in price?
Even though Badger sits at an 88M market cap to Bitcoins 740B...
While yes, its a 2 paired LP pool, there will be some IL, though it may be a blessing in disguise... me thinks.
If $CTDL & $BADGER achieve bringing #DeFi to #BTC, we may see them correlate in price?
Even though Badger sits at an 88M market cap to Bitcoins 740B...
11/
This means that when & if #BADGER rallies more than #Bitcoin, BADGER will be sold for $BTC inside the LP… the primary substance of Citadel
These 3 pools are key for the $CTDL in the beginning, the treasury will be built primarily in #BTC -> $BADGER & $CVX
This means that when & if #BADGER rallies more than #Bitcoin, BADGER will be sold for $BTC inside the LP… the primary substance of Citadel
These 3 pools are key for the $CTDL in the beginning, the treasury will be built primarily in #BTC -> $BADGER & $CVX
12/
These vaults in $BADGER are built on top of @CurveFinance / @ConvexFinance
i'm sure you're linking the dots, right ser?
All pools profits aid in growing other pools for continuous growth of #Bitcoin, $CVX & $BADGER for the $CTDL treasury
Much wow for the flywheel, eh?
These vaults in $BADGER are built on top of @CurveFinance / @ConvexFinance
i'm sure you're linking the dots, right ser?
All pools profits aid in growing other pools for continuous growth of #Bitcoin, $CVX & $BADGER for the $CTDL treasury
Much wow for the flywheel, eh?
13/
The Treasury Strategy & Funding fees will be split as follow;
Though the exact number here will be determined by the elastic emissions... don't know what that is? here's a thread about it 👇
The Treasury Strategy & Funding fees will be split as follow;
Though the exact number here will be determined by the elastic emissions... don't know what that is? here's a thread about it 👇
https://twitter.com/Etherpyr/status/1518605726884585472
14/
$CTDL will be the largest holder of $BADGER, rest assured we will see close to max boost on the boostable pools
Allowing #CitadelDAO to harness more influence in the BADGER eco
While being a ‘blackhole’ for the BADGER token, taking them off the market forever 👀
$CTDL will be the largest holder of $BADGER, rest assured we will see close to max boost on the boostable pools
Allowing #CitadelDAO to harness more influence in the BADGER eco
While being a ‘blackhole’ for the BADGER token, taking them off the market forever 👀
15/
So we can look at it this way
$BADGER could be thought of as a base-layer like $CRV, while $CTDL aims to be a $CVX-like token for $BADGER & $bveCVX
$CTDL also going to be a base-layer for other #DAOs with vlCTDL for strategies inside the $CTDL (more on that another day) 🫡
So we can look at it this way
$BADGER could be thought of as a base-layer like $CRV, while $CTDL aims to be a $CVX-like token for $BADGER & $bveCVX
$CTDL also going to be a base-layer for other #DAOs with vlCTDL for strategies inside the $CTDL (more on that another day) 🫡
16/
$CTDL will have access to BADGERS $CVX
$BADGER doesn’t 'own its own' $bveCVX.
its $CVX is 'rented' thru incentives (it owns about 10% of its bveCVX)
The challenge here is that if incentives taper, mercenaries may withdraw in search of other opportunities...
$CTDL will have access to BADGERS $CVX
$BADGER doesn’t 'own its own' $bveCVX.
its $CVX is 'rented' thru incentives (it owns about 10% of its bveCVX)
The challenge here is that if incentives taper, mercenaries may withdraw in search of other opportunities...
17/
which destroys TVL & yield influence.
though incentives can only really dry up if $CVX flops, which doesn't look likely at this point in time, as CVX can only flop if $CRV flops & you think that will happen anon?
still, best to be safe right?
smort 🦡
which destroys TVL & yield influence.
though incentives can only really dry up if $CVX flops, which doesn't look likely at this point in time, as CVX can only flop if $CRV flops & you think that will happen anon?
still, best to be safe right?
smort 🦡
18/
$CTDL will own all of its own $bveCVX/ $CVX, making the 2 DAOs very influential together in the curve wars.
$CTDL will solve this problem by building its own treasury with $BADGER & $CVX to harness & build consistent growth & yield inside badger & $CRV /CVX
$CTDL will own all of its own $bveCVX/ $CVX, making the 2 DAOs very influential together in the curve wars.
$CTDL will solve this problem by building its own treasury with $BADGER & $CVX to harness & build consistent growth & yield inside badger & $CRV /CVX
19/
$BADGER aids $CTDL with its rented yield influence
$CTDL aids $BADGER by owning its own yield influence & growing TVL 🤝
Both stronk on their own... Powerful together
you watch ser, DAO2DAO gonna be in force in 2022, already see it with the #4pool (despite price action)
$BADGER aids $CTDL with its rented yield influence
$CTDL aids $BADGER by owning its own yield influence & growing TVL 🤝
Both stronk on their own... Powerful together
you watch ser, DAO2DAO gonna be in force in 2022, already see it with the #4pool (despite price action)
20/
Which leads me to express a thought by @0Xsami $BTRFLY founder
#DAO2DAO partnerships are under explored & powering together can solve problems more efficiently
Another reason why i think $CTDL is so special, not only is it D2D, it is D9D 😉...
Which leads me to express a thought by @0Xsami $BTRFLY founder
#DAO2DAO partnerships are under explored & powering together can solve problems more efficiently
Another reason why i think $CTDL is so special, not only is it D2D, it is D9D 😉...
21/
The 9 Knights of $CTDL (strategic partners)
$TRIBE = $RARI & $FEI - @RariCapital & @feiprotocol
$REN @renprotocol
$TOKE @TokenReactor
$ALCX @AlchemixFi
$BADGER @BadgerDAO
$BTRFLY @redactedcartel
$CVX @ConvexFinance
$FRAX @fraxfinance
$JONES @DAOJonesOptions
D9D😉
The 9 Knights of $CTDL (strategic partners)
$TRIBE = $RARI & $FEI - @RariCapital & @feiprotocol
$REN @renprotocol
$TOKE @TokenReactor
$ALCX @AlchemixFi
$BADGER @BadgerDAO
$BTRFLY @redactedcartel
$CVX @ConvexFinance
$FRAX @fraxfinance
$JONES @DAOJonesOptions
D9D😉
22/
All 🗝️ players in #DeFi with their own unique value propositions & making moves in the $CRV wars, right anon?
Have a look at the knights cumulative $CVX power.
Out of the 9 knights, 6 are accumulating & have a cumulative power of over 6 million. Much wow
All 🗝️ players in #DeFi with their own unique value propositions & making moves in the $CRV wars, right anon?
Have a look at the knights cumulative $CVX power.
Out of the 9 knights, 6 are accumulating & have a cumulative power of over 6 million. Much wow
23/
While $CTDL brings #bitcoin to the 4pool
Truly becoming a Citadel for not just retail but DAOs as well
Lets quote Sun Tzu here;
“The greatest victory is one that requires no battle”...
hmmm, why did i choose this one, you ask?
Hint; curve WARS… 😉
While $CTDL brings #bitcoin to the 4pool
Truly becoming a Citadel for not just retail but DAOs as well
Lets quote Sun Tzu here;
“The greatest victory is one that requires no battle”...
hmmm, why did i choose this one, you ask?
Hint; curve WARS… 😉
24/
Okay, I must tell you, if you are reading this… you are early anon. Very early
CItadel is yet to launch & it's aiming for May with the Knighting Round
I’ll be posting a thread on that very thoon, so make sure you follow @Etherpyr to stay tuned 👇👇👇
Okay, I must tell you, if you are reading this… you are early anon. Very early
CItadel is yet to launch & it's aiming for May with the Knighting Round
I’ll be posting a thread on that very thoon, so make sure you follow @Etherpyr to stay tuned 👇👇👇
25/
Like the thread?
Has @TheCitadel_DAO intrigued your vision of #DeFi, are you bullish on any of the knights?
If so, please help a fren out
RT & ♥️ the first post of this thread to share & aid in building the peoples #bitcoin whale.. $CTDL 👇
Like the thread?
Has @TheCitadel_DAO intrigued your vision of #DeFi, are you bullish on any of the knights?
If so, please help a fren out
RT & ♥️ the first post of this thread to share & aid in building the peoples #bitcoin whale.. $CTDL 👇
https://twitter.com/Etherpyr/status/1519294645284802560?s=20&t=A7mGDzaebXRPXsJTzUk8hA
26/ FF ♥️
Want to be in the loop about new protocols in the $CRV $CVX ecosystem?
Some good accounts to follow with the best insights into #DeFI innovations
@SmallCapScience @crypto_condom @0xCha0s @DefiMoon @ethersole @CFrogE1 @0xMoves
Want to be in the loop about new protocols in the $CRV $CVX ecosystem?
Some good accounts to follow with the best insights into #DeFI innovations
@SmallCapScience @crypto_condom @0xCha0s @DefiMoon @ethersole @CFrogE1 @0xMoves
argghhhhhhh, didnt post photo for tweet 22/ :(
^Tagged the wrong sami, sorry sers
@0xSami_
@0xSami_
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