Root Protocol (@Root_Genesis) is a #DAO that's revolutionising the #DeFi landscape by developing and incubating new DeFi protocols, or "Stems". In this thread, I'll break down why I'm bullish on $ROOT. 👇👇
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Root's mission is to create a sustainable and diversified revenue stream for its treasury by developing and incubating new DeFi protocols, known as "Stems". It's like a greenhouse for DeFi projects! 🌱 Check out the Root Dapp with the upcoming Torus stem (more later):
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🟣 Governance Layer
One of the key components of Root Protocol is its governance layer. This layer allows users to participate in decision-making processes, giving them a say in how the protocol is run.
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The Governance Layer also provides a sustainable revenue stream to the Treasury. This means that the protocol can continue to grow and develop without relying on external funding. It's self-sustaining! 💰
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🟣 DeFi Lab
Another key component of Root Protocol is the DeFi Lab. This is where Root develops and incubates new DeFi protocols, or "Stems". It's a hotbed for innovation and risk mitigation in the DeFi space.
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The DeFi Lab is designed to consolidate design and development authority, reducing systemic risks. While Root is open to incubating third-party projects, the majority of Stems are developed in-house. It's a powerhouse of DeFi innovation! 💡
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🟣 $ROOT
The Root Token is the native token of the Root Protocol. It's used for governance, allowing token holders to vote on various decisions related to the protocol. It's not just a token, it's a voice. 📢
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🟣 Torus
This is the first in-house developed Stem by Root. It's a liquidity protocol that revolutionises liquidity distribution and yield across multiple automated market makers (AMMs). It's a game-changer in the DeFi landscape. 🎯
🟣 Revenue
Revenue comes from various sources, including the Governance Layer and the protocols incubated in the DeFi Lab. This diversified revenue stream provides a sustainable and robust income stream for the Treasury. 💰
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🟣 Why I'm Investing
It's a DAO that's actively developing and incubating new DeFi protocols. It's not just a token, it's a whole ecosystem. And with the governance layer, you have a say in how it's run. 🚀
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Root Protocol is not just another DeFi project. It's a DAO that's actively shaping the future of DeFi. With its governance layer and DeFi Lab, it's new and innovative.
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The potential for growth in the DeFi space is enormous, and Root is well-positioned to capitalise on this. With its in-house development and incubation of new DeFi protocols, Root is at the forefront of DeFi innovation. 🚀
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Root's governance model is another reason why I'm investing. By giving token holders a say in decision-making processes, Root ensures that the protocol is run in a way that benefits its users. It's a protocol for the people, by the people. ✊
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🟣 How To Invest
There's an NFT sale at the moment but it's pricey and don't ape in unless you can afford it. As always, crypto is risky, especially defi so you should only invest money you can afford to lose. Here's the link: app.root.credit
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For reference, I invested around 1% of my total capital in ROOT, which is average for me on newer DeFi projects. So, if the 0.6 ETH NFT is a large % of your capital you should consider the risk-to-reward.
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🟣 NFT Perks
rootNFTs are a key part of the ecosystem. By minting a rootNFT, you get a share of Treasury earnings, targeted 40% esROOT APR, pro-rata airdrops on all Stems, royalties from secondary sales, and LP fees. Plus, every minter gets a bonus airdrop of 2,000 $ROOT
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Unsold rootNFTs are burned, increasing the value of each rootNFT. You can stake your NFTs on Root's dApp to start earning. Remember, the fewer rootNFTs minted and sold, the greater value each holder receives through Stem airdrops. 🔥🚀
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🟠 DISCLOSURE!
I'm both invested in and partnered with ROOT. I only partner with projects I've personally invested and I invested before I partnered with them. I partnered with ROOT because they have a killer product and I think they'll do well. My opinion is not for sale.
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That's it for this thread on Root Protocol. If you found it helpful, please like and retweet it. And if you have any questions, feel free to ask. Happy investing! 🚀🌱
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I hope you've found this thread useful. Follow me @LadyofCrypto1 for more. And don't forget to Like/Retweet the first tweet below if you can:
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These 5 tips gave me complete financial freedom with #crypto before 30 (no cringe sh*t)
If you find this useful, give it a like and a retweet 😘 👇
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◆◆ 1. Don't Invest In Cryptos You Love ◆◆
Don't invest in a #crypto you love, the market doesn't give a fu*k about what you love. Invest in what you believe the masses will love or what VCs will trick the masses into thinking they love.
2/15
I'm not a big gamer but I went heavy on gaming cryptos in 2021 and it paid off big. Had I invested in what I loved at the time, I would have made a fraction. What you love is insignificant.
Liquid staking derivatives (#LSDs) are one of the hottest narratives to come out of DeFi this year, and it's not even started to take off 🚀
And $TENET is one of the first movers into #LSDFi, a strong contender to capture a $17B+ LSD market 🧵
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Full disclosure I am partnered with Tenet but I strictly only partner with projects I invest in myself. I partnered with them because they are a great project.
Why are they great? Let's explore 👇
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🟪 Built for LSDs 🟪
Tenet is an EVM L1 and the first L1 designed for LSDs, which are a rapidly growing narrative in DeFi.
LSDs enable yield farming without locking your tokens and allow staked assets to be traded or used in other DeFi protocols.
The most in-depth project breakdowns I've ever seen, but my favourite part is the summaries of important industry Spaces/Podcasts. Instead of sitting through hour-long Spaces I get summaries now!
Knowing when token unlocks are coming is a bit of a cheat code. Many times you can sell a crypto before an unlock and buy back cheaper after but there are many other ways to use this info. DaoSurv is my go-to for unlock tracking.
Airdrops print money, so here's a quick guide to farming the $gCOTI #airdrop from @COTInetwork. The last airdrop they did was worth tens of millions, so I'm excited about this one!
Their Medium article was quite wordy, so I will break it down into easy steps, let's go👇
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🟪 What You Need 🟪
• A Coti Viper wallet (Google how to create one)
• Some $COTI or stables to stake
• A MetaMask wallet
Pretty straightforward.
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🟪 How It Works 🟪
Once you have a Viper wallet and some COTI to stake.
1. Go to the treasury.coti.io site. 2. Connect your MM wallet. 3. Choose the ERC20 campaign, how much COTI/stable you want to deposit and how long you want to lock for. I went for 270 days.
Here is a complete list of every #crypto alt I'm watching 👀
I'm breaking this down by sector. Many of them aren't released, so I might not have a bag yet. 👇
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Just because I'm watching these, doesn't mean I'll end up buying them. As some develop and more info is released they might not make the cut.
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Full disclosure. I'm an early investor/partner in projects marked with a **. I'm offered 100s of these deals per month and accept less than one. If I partner with a project it's because I did my due diligence, liked it and have invested my own money in it. Lets go 👇
Back when I had a few hundred followers I shared $UOS @ultra_io. It was in the middle of the #metaverse and #playtoearn hype and wow did it pump.
But not many gaming projects from 2021 survived or kept building. Well, $UOS did... 🧵👇
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I took profit on UOS in 2021/2022, we were all up big so cashing out when the market flipped bearish made sense. My plan was to see how the team perform in the bear market and buy back in then.
Well, they've performed, and I am starting to accumulate again. Here is why 👇
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🟪 WTF Is Ultra? 🟪
Ultra is a version of Steam using blockchain tech, unlike Steam, it doesn't take a 30% cut of sales, it only takes 15% 👀 This obviously incentivises developers to put their game on Ultra, and push for sales there, instead of on Steam!