Read on Twitter
🔊 ANNOUNCEMENT: Recently, we announced the launch of Root's first Stem, @LimitlessFi_!
Let’s dive into what Limitless is, how they're shaping DeFi, what being a Stem means, and how the incubated protocol will drive revenue to Root's Treasury! 🧵
/1
Let’s dive into what Limitless is, how they're shaping DeFi, what being a Stem means, and how the incubated protocol will drive revenue to Root's Treasury! 🧵
/1
The ultimate goal of Root Protocol is to become the DeFi Operating System, where users can access every conceivable DeFi service within the Root ecosystem as part of one simple, integrated, and predictable user experience.
This is where our ecosystem of Stems comes in. 🌱
/2
This is where our ecosystem of Stems comes in. 🌱
/2
Root incubates an ever-growing series of DeFi products that capitalize on high-priority market inefficiencies whilst streamlining the user experience.
Root, in turn, receives a percentage of revenues from these Stem protocols, providing sustained income for the treasury.
/3
Root, in turn, receives a percentage of revenues from these Stem protocols, providing sustained income for the treasury.
/3
We're excited to announce Limitless as the first stem that Root will be incubating. Limitless is a liquidation-free, permissionless lending facility and margin trading #DEX built on top of Uniswap V3.
limitlessfi.xyz
/4
limitlessfi.xyz
/4
Limitless offsets impermanent loss and provides higher yields for Liquidity Providers ("LPs").
Limitless offers traders unprecedented leverage (50x~2000x) with no forced liquidations, which is 40 times higher than $GMX .
/5
Limitless offers traders unprecedented leverage (50x~2000x) with no forced liquidations, which is 40 times higher than $GMX .
/5
In this way, Limitless meets Root's key criteria for Stems in that it has unique solutions for solving important market inefficiencies in a product sector with high Enterprise Value and TVL potential that will deliver exponential revenue back to the Root treasury.
/6
/6
As part of the partnership, Root will offer its operational, development, engineering, and technical capabilities to Limitless in order to facilitate its growth and long-term viability.
/7
/7
Root will also leverage its resources to provide substantial input on modeling, distribution, architecture, and the structural components comprising Limitless.
/8
/8
In return, Limitless will provide Root with multiple revenue streams.
We'll unpack these revenue streams in another thread to provide a deep dive into how Stem incubation offers mutual benefits to projects like Limitless and Root itself.
/9
We'll unpack these revenue streams in another thread to provide a deep dive into how Stem incubation offers mutual benefits to projects like Limitless and Root itself.
/9
In the meantime, you can discover more about Root by reading our documentation at rootdao.gitbook.io/root and joining the Root Discord community at: discord.gg/rootdao.
Don't forget to follow @LimitlessFi_ on Twitter!
/10
Don't forget to follow @LimitlessFi_ on Twitter!
/10
• • •
Missing some Tweet in this thread? You can try to
force a refresh
