Thread by @Foudres_

[THREAD NEW #ELROND LAUNCHPAD ANALYSIS/@ash_swap]

As always, I will give you a little dig in the new Launchpad proposed by @ElrondNetwork which may be a major point for the evolution of the ecosystem 

RT/Like very appreciated ❤⚡ 

#ElrondCommunity #ElrondNetwork @ELROND_INITI

@ash_swap @ElrondNetwork @ELROND_INITI 1/ Defi Market Introduction

2/ AshSwap
     - What they want solve ?
     - Liquid Liquidity Provision and $AOC Stablecoin
     - Trading/Minting fees
     - Adoption & Listing Partner

3/ Social Mining and NFT

4/ Roadmap and Tokenomics

5/ Team & Partners

6/ Further Reflexion

@ash_swap @ElrondNetwork @ELROND_INITI 1/ Defi Market Introduction

- What they want solve ? 

#DeFi has been a driving force behind the BullRun of 2021, from its creation in 2017/2018 to today, we have gone from 40k$ deposited on smart contracts, to more than 180 Billions $.

@ash_swap @ElrondNetwork @ELROND_INITI DeFi had its first innovation boom in 2019/2020 with @MakerDAO which was the first large-scale decentralized application to offer Lending & Borrowing solutions via their decentralized stable, the $DAI.

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO But it is with @compoundfinance that we have seen these mechanisms rewarded in addition to rates, by governance tokens of the DEX.

So you were rewarded in $COMP tokens when you lent, as well as when you borrowed

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance DeFi has come a long way since then, there have been successes but also systemic disasters like the @CelsiusNetwork bankruptcy

After a BullRun of unbridled innovation, the next Bullrun will be one of consolidation of the foundations.

(the worst title ever choose, remove this😭)

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork On #Elrond, the DeFi arrived with Maiar with the mechanisms of Liquidity Providing, Farming and some innovations like Metastacking and Metabounding but now, the Elrond roadmap is about lending and borrowing

A Topic which I think will be very important during the Xday i think !

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork Today, only the $USDC is available as a stable but with the recent arrival of the Ad-Astra bridge and to allow the Defi to grow to its full potential on Elrond, it is important that the offer of Stablecoin on Elrond grows.

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork Especially for the lovers of decentralization using the $DAI or those who prefer the $USDT to the $USDC due to their recent decision to freeze $USDC passed through @TornadoCash. 

But @ash_swap has some very interesting things to say about decentralized stable, or rather "hybrid"

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash It is therefore likely that we will see in the future, especially with @HatomProtocol, lending and borrowing between stable in order to use the Defi without being worried by the volatility of the market

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol Being able to swap stable coins in order to move easily from one pool to another is extremely important for all the different mechanisms of the DeFi.

But unlike the CEX, the AMM and DEX have to use x*y=k traditional liquidity pools that are not adapted to this kind of swap

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol A problem encountered with LP composed of 2 tokens with very similar prices, is the slippage which can be much higher than the almost zero price difference of these two tokens. 

This is where AshSwap wants to orchestrate in order to increase the liquidity in Elrond DeFi

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol 2/ AshSwap 🔥⚡

Like any good Defi protocol, AshSwap will have its own governance token, the $ASH as farming rewards, as well as its vote-escrow token, the $veASH.

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol You will get $veASH by stacking your $ASH which will allow you to boost your LP farming on the platform and then participate in the governance of the protocol when it is developed

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol AshSwap wants to implement the concept of stable-swap first invented by Curve Finance while bringing some improvements to the user experience, the robustness of the token model and increase capital efficiency.

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol In short, it is an LP that uses a different formula than the traditional LP, if you want some mathematical view of the problem :

my.mtr.cool/yusmvktvkq

But this is not the only innovation that AshSwap wants to bring to the ecosystem, some explanation of the current LP model :

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol In order to create liquidity pools to allow exchanges between two stable coins (here $USDC<>$MIM), users must lock their tokens in a smart contract and are rewarded with transaction fees.

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol With transaction fees remaining low to create yields, AMM and DEX invented Liquidity Mining, more commonly known as Farming on Maiar, which allows users to earn another token (e.g. $MEX) in addition to the transaction fees to better reward these incentives and attracted liquidity

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol Unfortunately, your tokens remain locked in a smart contract and do not allow you to use them to take advantage of the myriad of possibilities that the crypto-sphere offers, this is where AshSwap brings a small revolution, they called it the LLP :

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol - Liquid Liquidity Provision and $AOC Stablecoin

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol This mechanism allows you to continue to use your LPs as a unique token as for example your LPs farming on @MaiarExchange that you can use in metastacking, but in a global way by creating a new type of stable coins.

 I explain myself :  ⬇

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange AshSwap will therefore create a pool suitable for stables with a very low slippage, for example $USDC<>$USDT.

When you give your liquidity to the protocol, you'll can mint a new stable named $AOC that you can use as any conventional stable coin.

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange So it will be a decentralized stable coin collateralized by other stable coins locked in LP, whether centralized, decentralized, or algotyhmic.

That's why I called it "hybrid", the decentralization of your $AOC is variable, depending on the mix of which the LP will be composed.

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange Minting your $AOC will not be free, it will cost you a 1% fees on the money initially deposited paid in $ASH, it seems a bit big ? Wait AshSwap has everything planned

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange if you plan to keep your LP for a long time, 1% fees will be largely compensated by your farming but in case you want to act in the short term, you can share the earned transaction fees with AshSwap to reduce it. 

Unfortunately I haven't found out how far this can be reduced

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange - Trading and minting fees 

100% of the trading fees will be given to users, 50% to LP farmers, 50% to $veASH holders 

For the mint fees, as they will be operating in $ASH, they will either be redistributed to the $ASH Stackers or burnt to lower the total token supply

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange Finally for the tradings fees given to AshSwap to limit the $AOC mint fees, these will be swapped into $ASH then given to the stacker or burnt 

The more $AOC gets used, the more LP tokens AshSwap has, creating a positive feedback loop that benefits all the people involved

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange - Adoption & Listing Partner

New Listing with $Token<>$AOC pool could come with partners or be implemented with existing project on Maiar, this would allow a massive adoption of the $AOC within the Elrond ecosystem, and would greatly benefit to the protocol and projects using it

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange The projects that have to provide liquidity for the Maiar's pools would be rewarded with $ASH and trading fees in order to have passive incentives and this would allow the protocol to burn or distribute a lot of $ASH to the Stackers

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange 3/ Social Mining and NFT

As AshSwap explains in its litepaper, conventional liquidity mining mechanisms remain most interesting for people with large wallets looking for less volatile and less risky passive income,

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange Even 10% APY on your stable if you have a 3 digit wallet is quickly questioned whent it is not even the performance of a token on bullrun days. 

That's why DeFi is often shunned by newcomers, not understanding its interest

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange But retails have powers that whales don't, like community power. 

So in order to reward small wallets more generously, AshSwap is planning a GameFi mechanism on its platform to distribute rewards, it could be big farming boosts, airdrops, etc.. we'll see what it prepares for us!

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange In order to be eligible for these rewards and to avoid botting, people interested in these incentives will have to own an AshSwap NFT.

We will have more information when the project is more advanced !

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange 4/ Roadmap and Tokenomics

The roadmap is as follows, the main points to remember: 

- Ofc Maiar Listing in Q4 
- Launch of Mainnet and AshDAO in Q4 
- $AOC minting in 2023 
- NFT Gamification in 2024

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange Released on the Bell but they are there ! 

We can see that the supply is caped and the release curve is rather slow which is a very good point for me !

And a significant portion of the public/private sale will be distributed in $LKASH in order to reduce selling pressure

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange 5/ Team & Partners 

I won't go into too much detail, I'll let you check their Linked In on their Website, we can note that the CEO already has a DeFi experience with @DafiProtocol, a multichain protocol oriented around stacking with a cross-chain bridge

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol For Partners and Investors, we can see that they are very well established in the ecosystem, we can note the presence of @Morningstar_vc, @IstariVision and @swissborg that we did not expect here. And partners with :

@jexchangeP2P/@EntityFinance/@ProteoDefi and @CantinaRoyale

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale 6/ Further Reflexion 

Let's not talk too much, let's talk well, this thread is already too long as usual ahah

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale The project announces a part taken for the development of the Defi on the side of Elrond which is in my opinion very good, it is an incredible engine for the evolution of all Layer 1 in construction and allows to attract the capital

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale Then, without going too far, in terms of innovation the concept seems very good, it allows to significantly increase the velocity of liquidity on Elrond without significantly increasing the systemic risk

Unlike a $UST which was an elastic supply mechanism between a "stable" --

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale -- token and a very volatile currency with $LUNA, here the collateralization will be done only with stable coins, so the risk supported by the liquidity pools which will be for example in $EGLD/$ASH should not be more risky than if they were in $USDC or $USDT, --

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale -- just the risk will be carried on 2 stable coins instead of one, but you might as well tell you that if one of these two giants fall, it is the whole crypto which falls, so it does not change much

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale On the other hand, we are lacking some information for exemple, what happens when an $AOC miner is no longer able to recover its liquidity ? 

Let's say I buy $EGLD with my 100 $AOC, the $EGLD falls by 50% and I come out with a loss with only 50 $AOC ?

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale Logically, if we understand the Defi correctly, we can imagine that the $AOC minter will only be able to recover half of his LP pool by burning 50 $AOC, but what happens to the other half when the remaining $AOC are scattered in the ecosystem ?

Will they burn the remaining LPs ?

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale Or maybe it will be up to AshSwap to burn 50 $AOC from its treasury in order to recover the remaining liquidity in the pools, there are still some grey areas on these subjects but i'm sure they will be detailed later on

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale You are starting to know me, I like to have full information on the project mechanism before we are able to invest in it, of course we can't always detail the whole project especially for long term features but I would have liked to see some graphs on burn expectation for example

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale It's very important to have your own stable on a blockchain, it's like a kind of sovereignty against fragility that could come from external causes, even if here the risk will be on the stable in collateral,

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale but it's already a first step for Elrond before proposing maybe their own backed decentralized stable coin with little correlation with entities too regulated or too centralized

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale I personally think that with @Ash_Swap, @HatomProtocol, @EntityFinance and the new Maiar 2.0 economics we are going to see a flourishing Defi and full of opportunities that will allow great things for the next bull run.

This is definitely a sector to follow very closely !

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale Thank you for reading my very long thread, but which go to the bottom of things and try to summarize in 10/15 min for everyone a whitepaper of somes hours of reading, research and understanding.

Keep digging friends ⚡🔥

See you soon !

@ash_swap @ElrondNetwork @ELROND_INITI @MakerDAO @compoundfinance @CelsiusNetwork @TornadoCash @HatomProtocol @MaiarExchange @DafiProtocol @Morningstar_vc @IstariVision @swissborg @jexchangeP2P @EntityFinance @ProteoDefi @CantinaRoyale Ressources : 

my.mtr.cool/szxioyrkiv

my.mtr.cool/mcqzvsmhgd

my.mtr.cool/yaqngqrmkv

my.mtr.cool/vpmkeksngr

my.mtr.cool/gkngethzfv