βοΈ Curious about how #APR will be decided?
Join us in exploring the process and rationale behind it.
Join us in exploring the process and rationale behind it.
The APR on NFT collections will initially be set by the Kairos team based on the current market.
#APR will be decided in tranches:
- 10%, 20%, 40% and 80% per year
Example β¬οΈ
Low volatility + High trust (BAYC or CryptoPunks)
β’ 10%, 20% per year
High volatility + Low trust (CryptoDickButts)
β’ 40%, 80% per year
- 10%, 20%, 40% and 80% per year
Example β¬οΈ
Low volatility + High trust (BAYC or CryptoPunks)
β’ 10%, 20% per year
High volatility + Low trust (CryptoDickButts)
β’ 40%, 80% per year
Future #Kairos versions will have APR set by LPs and they will compete on it.
βοΈ Why fix APR?
Initially, it is to make the system more efficient and fix one of the three variables
β’ APR
β’ LTV
β’ duration
LPs will compete on LTV + duration first.
This will help us fix and monitor bugs during #Testnet
Grind for #Kairos WL hereπ crew3.xyz/c/kairos/questβ¦
Initially, it is to make the system more efficient and fix one of the three variables
β’ APR
β’ LTV
β’ duration
LPs will compete on LTV + duration first.
This will help us fix and monitor bugs during #Testnet
Grind for #Kairos WL hereπ crew3.xyz/c/kairos/questβ¦
Curious about LTV?
β It's important for both lenders and suppliers!
We wrote a thread on it β
β It's important for both lenders and suppliers!
We wrote a thread on it β
https://twitter.com/kairosloan/status/1618606687241539584
Real example β¬οΈ
You have a CryptoPunk worth 60 $ETH
β’ APR is 10%
A lender offers 0.6 LTV for 6 months
β’ You accept the 36 $ETH loan
Lender makes 1.8 $ETH over 6 months
You have a CryptoPunk worth 60 $ETH
β’ APR is 10%
A lender offers 0.6 LTV for 6 months
β’ You accept the 36 $ETH loan
Lender makes 1.8 $ETH over 6 months
The APR is based on the token used for the loan (such as #ETH or a #stablecoin)
and will eventually be incentivized with our own token. π
and will eventually be incentivized with our own token. π
π’ Setting APR on NFT collections is a dynamic process that takes into consideration the current market and the competition between LPs.
NOTE: For #Testnet we'll have fixed 40% APR across all collections
NOTE: For #Testnet we'll have fixed 40% APR across all collections
We're launching #Testnet for our NFT-Lending platform tomorrow π
#Crew3 WL winners will be announced soon
Stay tuned for updates on tomorrow launch and other cool news from @kairosloan π¦
#Crew3 WL winners will be announced soon
Stay tuned for updates on tomorrow launch and other cool news from @kairosloan π¦
β’ β’ β’
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