1/ For the 2nd part of this week's @LiquidDriver deck talk held on our discord we were honoured by the surprise appearance of @lafachief talking about the vision @eulogyDAO.
#LQDRv3 $LOG $FTM
#LQDRv3 $LOG $FTM
2/ @FantomFDN estimates that $2 billion staked fantom is waiting to mint $fusd. The revamp of $fusd is long overdue.
3/ With the experience @DeusDao had with $DEI and technologies they have built, Lafa believed maintaining the peg is not a problem. The more important issue to address is to find ways to incentivize liquidty for $fusd and make $fusd itself attractive which are currently absent.
4/ There is a clear market need of stable coin, as can be seen in the cases of $UST, $USDN, $USDD, etc.
5/ $fusd will allow validators to have a liquid position, and having a native stable coin that scales with $ftm is also beneficial to the chain. $fusd allows the network to be more decentralized and more secured by having more $ftm staked.
5a/ (And which chain do you think the released capital will flow to?)
6/ Community support is essential for the succuess of $fusd. It will need as many protocols supporting it as possible.
7/ Everyone will have an interest to @eulogyDAO be it you are a dex, money market, liquidity incentivizer or yield optimizer. In the case of @LiquidDriver, $xLQDR holders can expect to receive the interest income.
8/ The new model that @LiquidDriver is building may also help to bootstrap liquidity for $fusd!
9/ @eulogyDAO proposes a tokenomics model to direct all its revenue in terms of interest income to top fantom protocols, @DeusDao (which are expected to flow to its users) and the first validators minting the new $fusd.
10/ The tokenomics of $LOG will allow the top fantom protocols receiving the veNFTs to direct $LOG emission to incentivize $LOG liquidity.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
