Why do meta-governance protocols matter? What is The Orkan? How does it compare to others like it?
Letโs attempt to address these ?โs and reveal the super utility that this type of protocol provides users with, whatever chain itโs on.
A thread ๐ชก๐งต
For those who didnโt know: Strudel secures a significant portion of the BTC network for our DeFi ecosystem. ๐ฏ
Merging BTC & DeFi irreversibly. ๐ช
Why not start the week by connecting your wallet to our LP, this way you'll be able to gain vBTC that will be used to buy Bonds. ๐
And we all know bonds is a free moneymaker for our wallets! You can't miss out on them. ๐ฏ๐๐ป
At the same time, the reserves acquired will be deployed to obtain interest-bearing opportunities for $M and vBTC holders throughout the FTM DeFi ecosystem. ๐ช
Orkanization:
In the FTM network, ORKAN offers perpetual bonds offering Orkan tokens for vBTC and $M which generate consistent buying pressure for vBTC which pulls tokens from the Ethereum network into Fantom. ๐ค๐ป
Orkan aims to create the largest on-chain BTC repository and removes vBTC from circulation, reducing the floating circulating supply and increasing the main net vBTC price.
With the upcoming of our stable coin: $MitiCushqui. ๐ธ
Being able to be part of our pool and have the chance of obtaining bonds, will be one of the most stable platforms there is for all of those bullish degens! ๐ช
Once we manage to achieve the peg we know that value will have been created for the protocol which we can compound by offering a product that can be built upon by other protocols which are also creating on-chain value.
Entropy Reduction = Value Creation ๐ค๐ป
Imagine you could deploy custom laws of physics. Thatโs what solidity is like.
Donโt get what we mean? Hereโs a thread ๐งต๐๐ป:
In the case of StrudelDAO, our source of entropy is the vBTC peg. Our protocol aims to reduce this entropy by deploying incentive structures that produce energy to incentivize actions that achieve this goal.