๐ฃ Announcing our integration and vault partnership with @SushiSwap.
This will give vault creators direct access to Sushi liquidity and assets, and future potential for cross chain swaps.
We'll also create custom Bento vaults in conjunction with the Sushi team.
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๐ฃ Most of you will know Sushi - a leading DEX with deep liquidity and volume on multiple Arbitrum assets.
In addition they offer a broad suite of DeFi products that open up a world of potential for Factor vault and strategy creators.
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๐ญ Factor offers the building blocks for modular asset management vaults.
We integrate multiple DeFi assets to enable these protocols to optimize their products.
We enable vault creators to utilize these products to create innovative strategies.
The mutual benefits?
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๐ Firstly, integrations:
* Enables our Factor strategists to utilize Sushi liquidity/LP
* As well as direct access to the full suite of Sushi products
* Creates potential for cross chain swaps within vaults
* Drives TVL and revenue to both Factor and Sushi
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๐ฆ Secondly, partner vaults:
* Unique vault structures with one-click access to Bento yields
* Additional potential to incorporate Sushi LP yields
* Drives additional TVL to Sushi via the partner vault
* Factor and Sushi both earn vault fees as a revenue stream
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๐ค Interesting vault options to explore include integrating Sushi Bento strategies into Factor vault structures.
As well as the potential for diversified one click, auto-compounding and auto-rebalancing Sushi LP yields.
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๐งโ๐คโ๐ง We're integrating with leading protocols to build the infrastructure and liquidity layer for DeFi.
Sushi is a long standing market leader and we are delighted to be working with them.
We're looking forward to growing Arbitrum DeFi together.
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๐๏ธ We are hosting Sushi on #TheKeyFactor podcast on 6 March 2023.
If you'd like to learn more about both projects and how we will work together then make sure to tune in.
Check out our great line up of guests!
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๐งโ๐ซ Learn more about @FactorDAO and $FCTR here:
๐ฃ๏ธ We listened to community feedback! 2 important announcements:
1. POL increase, deploying 50% of funds raised 2. Ecosystem incentives now vested for 12 months
This brings initial circulating supply down to 18% with the majority in the hands of public sale participants.
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The purpose of this is to reduce the circulating supply at launch and put power in the hands of public sale participants.
Aside from a small treasury and ecosystem incentives allocation there all tokens will either be in POL (launch LP) or owned by public sale participants.
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The small treasury and ecosystem incentives initially unlocked will not be deployed immediately.
They will be deployed carefully to drive TVL and adoption, and could also be subject to further vesting criteria depending on their usage.
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๐ฃ Excited to announce a groundbreaking three-way partnership with @lyrafinance and @official_CVI.
This partnership showcases the power of Factor as DeFi middleware, combining Lyra and CVI assets to seamlessly create unique and innovative vault strategies.
โป๏ธ Lyra is a crypto options trading protocol with over $1B in trading volume.
CVI is a crypto volatility index (a VIX for crypto) that enables users to mint their token to long volatility, or provide LP to hedge short volatility.
๐ญ Factor offers the building blocks for modular asset management.
We will take a Lyra and CVI options and volatility hedging strategy and seamlessly deploy it as a Factor vault.
This creates new use cases for Lyra and CVI and drives TVL and revenue for all three protocols.