Note: We've recently allowed redemptions at the current
$AVAX backing, which is why the supply and backing number has decreased, but the % stays the same backing, which is why the supply & backing number has decreased, but the % stays the same
While the first quarter of defi hasen't brought the most exciting opportunities, $CROC's $AVAX backing continues to grow each epoch on @BlackholeDEX
We are currently exploring additional @avax LST/LRTs for additional yield opportunities
🐊
Wether your holding or borrowing $AVAX, our reserves continue to grow & yield stays consistent 🐊
Jump in the Swamps & pair your $AVAX via @BlackholeDEX or @PharaohExchange and earn:
‣ $CROC ~ 18%
‣ $gCROC ~ 86%
‣ $PHAR ~ 311%
DEX Innovation is HOT on @avax with @BlackholeDEX new Automated Liquidity Management (via @steerprotocol)
While we focus on optimizing yield on top of dexs, new features are what brings people in
🐊
ALM vaults are LIVE
Manage concentrated liquidity positions directly on the Blackhole website through @steerprotocol
Find out everything you need to know 👇
What is PSM ?
Peg Stability Model is a 35% claim fee that is used to back our revenue-backed token $CROC, to read more about PSM 👇
https://t.co/KXr0uZv2I1
PSM isn't the only way we back our token, our revenue report highlights where $AVAX PSM funds are deployed on @avax
PSM backing has now reached 87.03% of the total $CROC supply in $AVAX
Every epoch, PSM grows & we move closer to full backing and redemptions
Revenue first ‣‣‣ Backing first ‣‣‣ Expansion later
$CROC keeps compounding 🐊🔺
While our liquidity is currently hosted on Blackhole, our main focus is being a dex yield optimizer & no one is left out
@PharaohExchange users can earn in our Swamps, after our 35% PSM claim fee in $AVAX the REAL yield for $gcroc is:
↳ $PHAR/ $AVAX ~ 331.76% (0.88%)
What is PSM ?
Peg Stability Model is a 35% claim fee that is used to back our revenue-backed token $CROC, to read more about PSM 👇
https://t.co/KXr0uZv2I1
PSM isn't the only way we back our token, our revenue report highlights where $AVAX PSM funds are deployed on @avax
$CROC PSM, Backing & Future Expansion
Our Peg Stability Module (PSM) ensures every $CROC is backed and redeemable for $AVAX
↳Protocol revenue from fees in the Swamps
↳ Bribes & DEX yields from @BlackholeDex & @PharaohExchange all flow into the PSM, strengthening $CROC’s foundation each epoch
As $CROC approaches 100% backing, the @avax yield engine becomes stronger
This is a project worth keeping an eye on. If you know your defi you'll find occasional mismatch in $croc value compared to $avax backing.
Also not a bad idea to pick up a bag of gcroc while the market is in shambles
We've worked closely with the team at @BlackholeDEX & are proud to expand to @SupernovaDEX
Take part in the presale by following the steps below:
∙ If you are bullish $ETH you are bullish $FANG
∙ If you are bullish $AVAX you are bullish $CROC
Fang Finance Presale is now live
With the first @supernovadex epoch approaching, we are initializing FANG liquidity and backing
Terms:
1 $ETH contributed = 1 $FANG
$ETH must be sent on Ethereum Mainnet to:
0xc12e8269F392A344Eb161498c7948592a4c588C8
Details on Allocation👇