Thread by @Subli_Defi

@berachain is an EVM side chain built on @cosmos, and dedicated to #Defi

Defi primitives DAPPS are Dexes

So let's get a closer look at @beradrome, a new DEX based on @VelodromeFi & @Spirit_Swap V2... interesting match!

🧐: Read till the end to win a #NFT worth 1,44 $ETH

First of all, you don't know @VelodromeFi ?

It's the main DEX on #Optimism, based on Solidly vision but fine tuned to remove all flaws to make the protocol long term sustainable

Fore more info, you can check this link: sublidefi.notion.site/Velodrome-Fina…

In addition, @Spirit_Swap V2 was released mid 2022, operating on #fantom, and you can find more information there:

https://twitter.com/Spirit_Swap/status/1557474412223414275?s=20

Followed @beradrome on Twitter, joined their discord, found a lot of meme but no tech discussion. I'm here for the TECH?!

Since @berachain is all built on the meme spirit, IT WAS EXPECTED!

Hopefully, the doc is here to help us to understand the protocol: docs.beradrome.com

So @beradrome offers :

1️⃣ Traders: Lowest slippage possible & protects liquidity providers from asset volatility

-> Beradrome is using 2 types of Liquidity Pools
1- vAMM for uncorrelated assets as BTC/ETH
2- sAMM for correlated assets as USDC/DAI

2️⃣ Liquidity Providers: Earn $BERO & can Lock $BERO up to 4 years for $hiBERO

The longer you lock the more $hiBERO you get

$hiBERO holders vote each week on the liquidity mining to allocate to each Pool & receive 100% of trading fees + bribes

Following my discussion with the team, the bribes marketplace will be integrated natively into @beradrome like the sisters project!

The main difference with @VelodromeFi is that $hiBERO will be like veCRV, aka illiquid/non transferable

Tokenomics:

Initial supply: 10m $BERO
-5% to Early Users as liquid BERO
-10% to Community as hiBERO locking bonus airdrop
-45% to Protocols/DAOs as hiBERO
-20% to Beradrome Team as hiBERO
-20% to Ecosystem Votes as hiBERO supporting key⛓ liquidity ($BERO, $BERA, $HONEY)

Max supply: uncapped
Weekly emission starts @ 400k/week (4% of initial supply), decay of 1%/week & will be distributed to:
- Liquidity providers
- hiBERO holders as anti-dilutive rebase

Here is the weekly schedule chart:

Official partners who will receive a share of initial hiBERO:

1️⃣ @goldilocksmoney: a DAO for #defi infra

https://twitter.com/goldilocksmoney/status/1603443522157395973?s=20

2️⃣ @hiberanation: a yield auto-compounder / Optimizer

https://twitter.com/hiberanation/status/1587289108803596289?s=20

3️⃣ @GumBallProtocol makes NFT a liquid ERC-20 tokens, that can be then added into Beradrome

4️⃣ @B2Option is a derivatives options protocol

5️⃣ @Bera_Land a community group covering berachain ecosystem

Price estimation: Just finger guess, non financial advice

Assumption at Launch: @beradrome has the same Market Cap than @VelodromeFi i.e 14m$

Estimated $BERO price: 1,4$

VE(3;3) type of DEX doesn't guarantee Success!

Such Dex relies on the flywheel created by Protocols willing to lock $hiBERO for Deep Liquidity, so on the entire ecosystem growth

Hopefully, @berachain has already a large number of protocols lined up:

https://twitter.com/0x_Umeshu/status/1608782611857707009?s=20

Finally, @beradrome is doing an event during a stream on 8th of January where you can earn 1 bitbears NFT, floor price 1,44 $ETH!

Event link: discord.com/events/1022524…

NFT collection on @opensea opensea.io/collection/ber…

If you want to get all the ALPHA on #Berachain, give me a follow & retweet the post below, as i'll be covering ALL about #DeFi and share with you my research

https://twitter.com/Subli_Defi/status/1611326947229061120?s=20