Yesterday the @ByteMasons conducted an AMA in their Discord. They dropped quite a few announcements, so I'll summarise it here for anyone that needs the TLDR 🧵
If you've got the time, here's the link to the recording. If you're an $OATH holder or just interested in what the Byte Masons are building, it's well worth a listen
Reveals: the team revealed that there will be a sweeping rebrand of their products, with the asthetic sitting somewhere between cypher punk (legacy) and polished/professional (future)
It's important for them to create a cohesive branding experience as they move towards @EthosReserve's launch (#soon™). The new $OATH branding looks slick 👀
They also revealed the design for the $ERN stablecoin and $bOATH token
@EthosReserve will find a home initially on @optimismFND - the team were extremely excited to be working closely with the OP team and believe it's the best place for them to deploy their flagship product
Remember that $bOATH (bonded $OATH) is the core token that will receive yield + fees. However, $bOATH is not just staked $OATH, it's an LP of $OATH- $ETH in an 80/20. This was done to address regulatory concerns about single sided yield bearing positions. Bullish
The suite of products Byte Masons have built will create a flywheel, where private Reaper vaults will be used to safely create yield which goes back to $bOATH holders. It will also utilise the Reliquary tech, now rebranded to #Digits
Want some real #alpha straight from the mouth of the venerable @bitSAMSoN?
No more detail on what this looks like, but it will reward supporters who stuck with the team through the bear market
Reminder that $OATH has no further emissions outside of some additional LGE claims. Other than the potential #airdrop and some bribes being used to incentivise liquidity across chains, $OATH will not inflate through further printing
In addition to the changes I've covered, the team summarised all the changes they are making in the discord:
They've released somenew graphics, including this profile picture supporters can use. You can check them all out in the Discord
A little while ago (before this AMA) I released a video going into detail about the @ByteMasons and their prodcuts which might help fill in some gaps. You can check it out here:
Hopefully you found this thread helpful!
If you did, it would be greatly appreciated if you can comment, like and share for more visibility and to help get the word out about one of the more innovative teams in #DeFi right now 🫡
While it’s bullish for the $ETH token, I’m already seeing bad takes on Twitter. Some accounts are talking about @coinbase releasing a token and there being airdrop farming opportunities? The most regulated exchange is airdropping a token…?
Comparing the @arbitrum situation to @coinbase is comparing apples to oranges, at least for the foreseeable future. Arbitrum have a desire to decentralise whereas the Base L2 is merely a portal into what onchain activity looks like via a completely centralised L2 solution
If you are galvanized by the #Aptos airdrop or frustrated that you didn't position yourself for it, fear not - this is the thread for you because there are other opportunities I'll be sharing over the coming days.
@PontemNetwork is one of the OG Aptos protocols, they featured in one of my videos covering the Aptos ecosystem prior to launch, so I wont go into too much more detail here, go watch the video 👇
As soon as Aptos launched, Pontem was also ready to launch. However they do not have a token yet, so by participating now without token incentives, you will be in a good position to receive an #airdrop if they do go down that path.
Aptos tokenomics were relased and some things are concerning. While it states 51% is for the community, there really isn't any going to the community. It will be at the Foundations discretion and held by them.
This is initially confusing, how is 82% of the supply staked already?
Until you release that even vesting tokens can be staked 👀 - does this mean even VC's/Foundation/insiders that are vesting can earn from staking and market sell before vests fully unlock? Even if they can't sell early, their share of the pie increases constantly. Unlocks = 💥👇