Notes on Chronos:
website: https://chronos.exchange
docs: https://chronos-finance.gitbook.io/product-docs/introduction/chronos-finance
Relevant Notes From Their Docs:
- $veCHR voting strength diminishes over time until it reaches zero at the end of the initial lock period.
- 5% of the initial supply was used to incentivize users to lock their tokens early. Users who locked at least 1,500 tokens for the maximum 2-year duration receive a bonus amount equal to 20% of their locked position as additional veCHR
- chrNFT Minters receive: 50% veCHR locked for 2 years, 50% $CHR (vested linearly over 8 weeks)
- NFTs must be staked to earn fees (portion of all trading fees), first 3 months 20%, 3-6 months 15%, 6 months+ 10%
- No rebasing (as opposed to other Solidly forks such as Thena)
- Boosted yields for staying in the LP position for longer (reward for those that are not going to unstake and restake farm to farm)
- 3 NFTs:
1. chrNFT (20% fees when staked, airdrop)
2. maNFT (maturity-adjusted NFT tracks the tokens and amounts provided, the longer the time it is staked for, the better your yield)
3. veNFT (used for voting)
Tokenomics:
Total Supply: 50m
Team: 18m
User Airdrop: 14m
Protocol Airdrop: 9m
Ecosystem Grant: 9m
Marketing: 5m
chrNFT Airdrop:
4.5m Liquidity: 2m
Emissions:
Weekly emissions at inception: 2.6m $CHR
Weekly emissions decay: 1%
Weekly developer wallet allocation: 2.5%
Notes on TapiocaDAO:
Will be releasing a full report on TapiocaDAO soon.
Tapioca is an omnichain money market that allows users to mint, borrow, lend and “bridge” across EVM & non-EVM networks. This is achieved through omnichain composability/omnichain fungible token standard.
Tokenomics
TAP:
TAP is Tapioca’s [x] token. It uses the omnichain fungible token, OFTV2 token standard.
TAP can be locked for twTAP (Time-Weighted Escrowed TAP). twTAP allows users to participate in governance and bribe Singularity option gauges.
100% of Protocol Revenue and 50% of Arrakis Vault Manager Fees (protocol owned LP on Uniswap V3) are distributed weekly to twTAP lockers in the form of tETH (layerless ETH).
Lenders who lock their LP tokens can receive oTAP tokens as incentive. oTAP is distributed in weekly epochs and can be used to purchase TAP at a discounted rate. The discount rate depends on the duration of the lock period.
TAP Max Supply: 100,000,000
15% (15m TAP) is allocated to a development fund for core contributors. Locked for 12 months, then linear unlock over 36 months.
3% (3m TAP) for pre-seed investors. Linear unlock over 2 years, initial unlock of 6% (180k TAP) at TGE. Pre-seed FDV was $22m.
8% (8m TAP) for seed investors. Linear unlock over 18 months, initial unlock of 8% (640k TAP) at TGE. Seed FDV was $44m.
5% (5m TAP) through Liquidity Bootstrapping Pool (discussed further below).
2.5% (2.5m) TAP) through airdrop (discussed further below).
56.5% (56.5m TAP) through DAO Share Options (DSO) incentive program (discussed further below).
10% (10m TAP) for the TapiocaDAO Treasury. Used for initial liquidity and expansion.
usd0
usd0 is a decentralized, multi-collateral, overcollateralized omnichain stablecoin. Similarly to TAP, usd0 also uses the LayerZero OFT20 V2 token standard, so similarly to TAP, it can be moved across both EVM and non-EVM chains without the use of bridges.
usd0 can only be created through CDPs, and collateral is through native gas tokens (ETH, AVAX, MATIC, FTM etc. and their liquid staking derivatives).
None of this is financial advice.