You can now zap your $E280 tokens into BTC, stables, or stocks AND earn yield on those assets with little to no IL via Uniswap. Oh, and the yield is auto compounding. 😏
How big is one Rare NFT’s slice of each chain’s weekly rewards? (Oct 15)
Fewer NFTs on a chain = a bigger slice. ELMNT NFTs transform 1:1 to any E280 chain, same tier, and irreversible.
Where are yours?
You can now zap your $E280 tokens into BTC, stables, or stocks AND earn yield on those assets with little to no IL via Uniswap. Oh, and the yield is auto compounding. 😏
There is a 3% tax that goes to protocol owned shares (strengthening the protocol). That's a 25% discount on the 4% sell tax if you were to dump on the market.
Intended flow of the whole machine
⚛️Hold E280 NFT
⚛️Earn $E280 tokens
⚛️Zap tokens into your preferred asset
⚛️Earn auto compounding yield on that asset
Start small, and as the protocol owned shares continue to grow, you will be able to add to your position in larger chunks.
The protocol owned position will only grow as tax revenue is collected, users enter/exit the pool, and yield is auto compounded.
https://t.co/goYJxhnxPF
What is the ROI Premium?
The yield is distributed between stakers, protocol, buy burn, and genesis. If the protocol owns more shares than stakers, like the image below, than stakers are earning MORE yield than they would if they were providing liquidity directly on Uniswap with the exact same position. This can go negative if there are more stakers than protocol owned stakes. That doesn't mean you lose money. It means, you earn less yield than if you were to provide liquidity directly on Uniswap.
With little to no IL, there is little to no risk on losing money in these positions. Just more or less yield than uniswap, but always yield.
E280 is live on @RobinhoodCrypto! Bridge your tokens or migrate your NFT anytime.
New Feature: Protocol owned liquidity now shares LP fees with users providing liquidity alongside the protocol. First LP on Robinhood is SPY/QQQ.
OLY officially launched eight days ago.
Today, the first 8-day staking payout landed.
For the first time, $OLY stakers in the 8-day cycle have ETH available to collect.
And this is just the first cycle.
OLY is built around rolling payouts, with staking positions receiving distributions across 8, 28, 90, 369 and 888-day cycles.
Protocol activity generates revenue.
Revenue flows back to the ecosystem.
Today, OLY delivered its first payout.
🚨E280 expansion to Arbitrum is in audit.🚨
⚛️ New feature: protocol owned treasury that stakes GMX. Yield from GMX will be used to buy and burn E280. This will create a steady flow of buy pressure regardless of E280 volume. So, in low volume days like we have been in, there is still value getting accrued that keeps the supply deflation constant.
⚛️ There is also an opportunity for users to bring their own GMX to stake for additional yield! Why stake your GMX on our platform?
- auto compounding: rewards will get automatically claimed and added to your position. auto compounding is a very powerful tool that greatly increases rewards over a long period of time.
- additional APY: there will be a possibility that the APY will be above what GMX offers due to the protocol sharing it's rewards with the users that participate. Fewer stakers = higher rewards. So, this will fluctuate as users come and go.