Redacted Cartel BTRFLY Token [Explained] скачать в хорошем качестве

Redacted Cartel BTRFLY Token [Explained]

Redacted Cartel BTRFLY Token [Redacted] is a recently launched OHM fork and its native token is BTRFLY. What's up guys! Hope you enjoy this one. Hard to keep up with the volatility in crypto right now 🙈 Don't get enough time to edit before the price tanks 📉🙃 US Investors Get 2 FREE stocks worth up to $1850 when you sign up for WeBull using my link below: https://act.webull.com/ve/zUo2wA96JAS... UK investors get free shares in Interactive Brokers when you open an account using my link: https://ibkr.com/referral/hamilton752 Sub to the channel :) https://www.youtube.com/azoras?sub_co... Azoras Merch https://teespring.com/en-GB/stores/az... Redacted has to be one of the most giga-brained moves I’ve come across so far. It’s a such a simple and beautiful approach to printing money. Just before I cover how it works, please do me a favour and smash that like button! It really helps with the youtube algorithm. Redacted is using OHM tokenomics to accumulate as many Curve ecosystem tokens as possible in their treasury. In short, their goal is to accumulate as much liquidity as possible from the Curve ecosystem in order to have a majority say over the Curve gauge. To understand why they would do this, we first need to know a bit more about Curve. Curve is a decentralized exchange designed to provide the best possible rates for users who are trading stable coins. It uses liquidity pools to make trading more efficient. And every time someone makes a trade on Curve, liquidity providers get a small fee. Some liquidity pools are also supplied to lending protocols which means liquidity providers earn extra interest on top of these trading fees. Now, just like most decentralized finance protocols, Curve has its own native token, CRV. The purpose of CRV is to incentivise liquidity providers on the Curve Finance platform. CRV can be staked to receive trading fees from the Curve protocol and boost rewards on provided liquidity. But in order to vote on rewards you must first lock your CRV into a staking pool to receive veCRV. Votes and rewards are weighed by both the number of tokens and the duration for which the tokens are time-locked. The longer the lock-up period, the greater the voting power and the larger the rewards. Users can lock CRV for a minimum of a week and up to four years. And the longer the CRV is locked, the bigger the “boost” in rewards (up to 2.5x), which means that the user receives more veCRV (vote-escrow CRV), which aligns long-term stakeholders with the protocol's success. So why would a user want to give their CRV to Redacted? Well, the benefit to the user is that they receive Redacted’s native token BTRFLY, which is liquid. This is important because Token holders are required to lock CRV for veCRV which acts as the illiquid access token to the governance mechanism and most users might not want to lock their CRV tokens as they may need the liquidity. REDACTED incentivizes bonding tokens from the Curve ecosystem in to their treasury in exchange for the BTRFLY token. And each BTRFLY token is backed by value from the Curve ecosystem locked in the DAO treasury. So users are receiving a maximized yield and are in possession of a liquid token that is securely backed by stable assets, because BTRFLY is primarily backed by the stablecoin LP tokens, which remain relatively stable regardless of the market dynamics. Redacted on the other hand doesn’t need liquidity. So they can lock the tokens to maximise the yield. So the benefit to Redacted, is that they accumulate voting power over Curve, which they can then apply to their own benefit by voting in favour of boosting rewards to liquidity pools that align with the interests of the Redacted Cartel. Of course, this has a flywheel effect as Redacted receives more rewards in the form of CRV, which they can then lock to receive veCRV which grants them increasing voting power over the Curve gauge. Pretty ingenious if you ask me! But what the hell is Curve gauge? On Curve Finance, the inflation, that’s the newly minted CRV rewards, is going to users who provide liquidity. This usage is measured with gauges. The liquidity gauge measures how much a user is providing in liquidity. Now obviously CRV is pretty valuable to anyone wanting to control the Curve gauge. A huge number of DeFi apps use Curve to source liquidity and yield. And oftentimes other protocols will offer bribes in their own native currency to encourage Curve holders to vote for their liquidity pools. In fact, recognizing the importance of the curve gauge to the success of different protocols, Yearn Finance released a tool called bribe.crv.finance that allows DeFi projects to bribe veCRV holders with token rewards in exchange for their votes. This means that Redacted, as one of the largest CRV holders can earn bribes in the form of other tokens. Whilst also earning more CRV. So when I say it's unlike most OHM forks, that’s because it actually makes money.