$OATH is the revenue sharing governance token of the ecosystem
As all roads lead to Rome, all revenue streams lead to $OATH
All dApps in Byte Mason ecosystem will drive revenue to $OATH
3/32
$OATH was launched on $FTM through a LGE
Almost all $OATH from LGE is already claimed
@ByteMasons have a lot of POL and little need for emissions to incentivize liquidity during bear, until recent months where they have started utilizing bribes heavily on ve(3,3) dexes
4/32
The marketcap of $OATH is currently $28m, up 4x from the bear-lows
5/32
$OATH will be able to be staked for $bOATH (Bonded OATH) in a
80% OATH /20% ETH @Balancer LP
Using a 80/20 LP pool as the ecosystems governance token mitigates regulations for single side staking, and minimizes IL for stakers
Is a multichain lending/borrowing protocol forked of @AaveAave
It's currently deployed on multiple chains like $FTM $OP $METIS $ETH $ONE $AVAX and has $10m TVL without having launched its token
10/32
Multiple snapshots of early users have been taken during the last year and the $GRAIN token will be airdropped with the launch of @GranaryFinance v2
They will be hosting the first multichain LGE for the launch
Wen?
11/32
Granary v2 will generates its revenue by depositing the dormant deposits into Nitro Pools, which generates yields via @Reaper_Farm in low risk strategies, which is why it can charge 99% less protocol fees than its competitors
12/32
The revenue will be used to buyback $GRAIN from the market to distribute as incentivization to lenders and borrowers without the need for token emissions
13/32
4οΈβ£ Ethos Reserve
@EthosReserve is the CDP stablecoin of the Byte Masons ecosystem $ERN.
It is not yet released.
Wen? February 2023
Ethos Reserve is based on @LiquityProtocol codebase but Byte Masons have upgraded it to allow ETH and wBTC as collateral
14/32
Ethos Reserve allows rehypothecation of the deposited assets
(can be deposited to Reaper Farm in the background to generate low risk yield)
With ETH and BTC as collateral the $ERN stablecoin will have low risks collateral, while having access to a lot of capital
15/32
Imagine Liquity $LUSD but with yield generating assets.. But not the kind of risky assets that $MIM has
This yield will be used to buyback $OATH from the market and distribute to the $ERN stability module stakers
16/32
There will be a flat issue and redemption fee for minting/redeeming $ERN which is also distributed to $bOATH stakers
17/32
Byte Masons are looking to make Ethos Reserve evolve into treasury bonds of Defi, by allowing funds to be deposited to Reaper Farm earing yield that will be funneled to $bOATH and $ERN stakers
18/32
5οΈβ£ Digit
(previously Reliquary)
Is a new defi primitive made to attract and reward sticky liquidity.
To combat mercenary liquidity Digit will make it possible to deposit a LP token into a financial NFT that accrues maturity points over time.
19/32
This means that a LP token wrapped in Digit will become more valuable over time compared to a LP token
This can be used by protocols giving liquidity incentives based on the maturity of the NFT
20/32
The NFTs will be tradeable on NFT marketplaces so you can sell your LP tokens at a premium with the accrued maturity
At any time you can withdraw your LP token from the Digit NFT but you would lose the accrued maturity.
You can also split, merge and shift LP tokens
21/32
The NFT can also be used as collateral to take out a loan in the future
The underlying assets would be managed by Reaper Farm to generate yield for the holders.
Again fees will go towards $bOATH stakers
22/32
The first protocol to start using Digit will be @beethoven_x, a friendly fork of @Balancer on FTM and OP
I can't imagine anything other than that all Byte Masons product will be utilizing Digit
23/32
6οΈβ£ Moon
Is a onboarding platform aiming to make it as easy for users to get started with web3 as it is today for users of web2
It will include a wallet and solutions for socials, ads, app store and payments
24/32
β οΈRebrand
There will be a rebrand of all of the Byte Mason products, with the aesthetic sitting somewhere between cypher punk (legacy) and polished/professional (future) @decodedeficrypto
With ve(3,3) season currently going rampant, and @0xPolygon season on the horizon with zkEVM launch...
Let's take a look at ve(3,3) dex @SatinExchange $SATIN and their innovations using yield bearing stablecoin $CASH and ve-LPs
π§΅π
1/21
π¨ Disclaimer:
This is not financial advice, i'm here to educate you on new and innovative defi protocols
2/21
β οΈ Satin Exchange
A solidly fork ve(3,3) dex launching on @0xPolygon
Stable swaps and variable swap, veNFTs, gauges, and voting... but with a few twists... they are bringing quite a few new features and innovations to the solidly model
Short thread on an upcoming ve(3,3) dex @beradrome on the maybe fake @berachain π»βοΈ and their launch of $DROM NFT collection on @GumBallProtocol
π§΅π
1/8
π¨ Disclaimer:
This is not financial advice and a lot of this is pure speculation
I lose ETH on most of the NFTs that i buy so don't listen to me
One of the most interesting strategies in DeFi are protocols leveraging bribe economy to the maximum by creating multiple flywheels
Let's learn from the example of @fBombOpera $fBOMB
π§΅π
1/
π¨Disclaimerπ¨
This is a highly experimental strategy, and buying $fBOMB is extremely risky. This is a low cap shitcoin experiment that utilizes defi synergies to the maximum.
This is NOT Financial Advice and YOU are responsible for your own investments
Also, i have bags
2/
If you didn't catch my previous thread you can view it here
The strategy is now unfolding and lets see how it have turned out.