Once upon a time, there was a curious DeFi participant named Alice who loved exploring the new and exciting innovations in the blockchain world.
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She had heard about a project called $OATH that promised to revolutionize the way incentives in Decentralized applications worked. Intrigued, Alice started researching and soon found out that $OATH used a unique staking mechanism that involved something called "Relics."
Alice was fascinated by the idea of Relics and started digging deeper to understand how they worked. She learned that #Relics were #NFTs that represented positions in the staking system, and the longer you held a Relic, the more incentives you received.
Excited by the possibilities, Alice decided to stake her assets in Reliquary to create her own Relics. As she watched her Relics mature and her rewards increase, Alice felt a sense of satisfaction and accomplishment that she had never experienced before in DeFi.
Alice soon discovered this was just the beginning of what Reliquary meant in the world. With its unique maturity model and the ability to customize incentive structures, Reliquary promised to be the ultimate tool for DeFi developers* and investors alike.
*(it's open source too)
As Alice continued to explore Reliquary, she realized that she had stumbled upon something truly magical. It was like discovering a hidden treasure in a world full of bland and uninspired investment options.
From that day on, Alice became an avid Reliquary user and evangelist, spreading the word to anyone who would listen. She knew that with Reliquary's unique approach to incentive distribution, the DeFi world would never be the same again.
The #OATH ecosystem aims to revolutionize DeFi by funding its own incentives through revenue greater than or equal to token emissions. This creates a zero-sum baseline for the ecosystem to grow from, making projections more reliable and incentives more structured. 🥂
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How? By integrating clever asset management protocols like @Reaper_Farm which allow dormant assets to generate yield in a purely DeFi way. Think @Balancer or @beethoven_x 's boosted pools but now covering the other verticals: money markets, stablecoins and yield primitives.
Two real examples are the upcoming $OATH protocol Ethos Reserve (more info soon) or $GRAIN's @GranaryFinance (lending market) which will unlock new levels of capital efficiency previously untapped in DeFi. General schema attached.
Reliquary is simply a better way to distribute incentives in DeFi.
The truth is, current liquidity mining systems rely on continuous influx of new liquidity providers to sustain itself, leading to a cycle of value extraction. Emission schedules are like D-Day calendars.
This not only harms the protocols but also the users who are enticed by inflated short-term APYs and end up velocked in for the long haul.
If we continue liquidity providers will extract value and move onto the next thing, leaving behind a trail of insolvent protocols. Not great.
But, if we bring attention to this issue and implement a system like Reliquary, which aligns the protocol with its liquidity providers by giving them more incentives the longer they stay invested, we can ensure the long-term success and sustainability of the DeFi ecosystem.
Okay been a while since I've shared a hot one. I'm a huge fan of @TarotFinance and how innovative and beautiful the entire experience is, and right now you can abuse a TAROT-xTAROT hack via Solidly to farm mad amounts of TAROT.
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Learn more about Tarot: learn.bytemasons.com/content/tarot-…
It's really easy actually as long as you can have patience with the Solidly UI. 1. Acquire TAROT using app.firebird.finance/swap for best rates 2. Either market swap for xTAROT or stake directly at TAROT, make sure you check where you'll get best value. tarot.to/stake
Add TAROT-xTAROT to the vAMM pool. You'll need persistence sometimes to get Solidly working. Ensure you click Advanced at the bottom, and only 'Deposit LP'. After successful deposit, head back to tarot.to.
1/ Wow. $OATH has now raised 5,000,000 wFTM in a completely permissionless Liquidity Generation Event despite the worst geo-political macro market conditions available.
Here is a new thread highlighting what is happening on #Fantom and why everyone is taking the $OATH anyways.
2/ If nothing else from this thread, go visit and experience the bespoke LGE website. It is a labour of love.
/ oath.sale / <---- please read on and follow @MrMunchies69 who prepared this for you all.
Use low performance mode if you're experiencing issues.
@MrMunchies69 3/ You may know of the Byte Mason's who 10 months ago released Reaper.Farm, a native auto-compounder improving on Yearn available on Fantom which was so successful it acquired an NFT for @AndreCronjeTech's @solidlyexchange (which is important because yield boosts)
Byte Mason's (Fantom Native, 28 people, 150mil TVL, growth focused) have unveiled plans for a permissionless LGE to kickstart $OATH.
Special features: 1. NFT-Collection specific traits. 2. VENTURE MODE. 3. ANYONE CAN ENTER
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2/ As a completely venture-capital free collective the Byte Mason's aim to set a new standard for safety, security and service in the defi industry, developing excellence for the betterment of our community and ecosystem.
3/ Sitting at 28 talented individuals, 16 of which are software engineers. We’ve developed industry-leading legal and operational infrastructure, beautifully designed security operations, and a boatload of software that we’re excited to show you.