We are a Tokenized Yield Farming Smart Contract Platform, akin to an easier, safer, more lucrative Pancake Swap. These benefits allow us to capture previously uncaptured users siloed to CEXs.
Current Status
To date we've raised $105,200 USD; partly bootstrap investment and grants of $22,000 and $40,000 (from Aave and Polygon respectively).
Project-wise, we've finished development of v 1.0 for our first VBT contract as well as our first code audit. In addition to this we are roughly 50% complete with our proprietary supporting Dapp and are beginning development to offer additional yield farm options for user driven VBT creation.
We have recently (this past week) focused on growing our (non-existent) community through a partnership with Lithium. This is our current problem to solve.
Problem or Opportunity
Although the market share of DEX volume captures roughly 10% of total trading volume found in Crypto, adoption is hampered by some-what complex onboarding, fragmentation of the ecosystem and the basic fact that many crypto investors don't want to deal with leaving their main exchange.
We've created an easy to use, exchange-agnostic means to yield farm through which DEX platforms can access existing CEX markets and users in a mutually beneficial manner - ultimately increasing DEX market share and liquidity pool depth, which will benefit the DeFi ecosystem as a whole.
Solution (product or service)
Our platform allows users to create smart-contract investment vehicles we call Volume Bond Tokens.
VBTs are wrapper contracts which contain a bundle of ECR20 asset(s) such as ETH or wBTC and use them to yield farm, reinvesting revenue earned into it's underlying yield farms whilst maintaining the same asset ratio (e.g. 30% ETH, 30% wBTC, 40% DAI) via our automatic rebalancing algorithm.
Finally, we collect transaction fees each time the VBT is transferred and reinvest it into the VBT, allowing us to significantly outperform any token or yield farm we build upon.
Business model
As mentioned earlier, we collect a (configurable) transaction fee on the token level each time a VBT is traded. From this transaction fee, 80% is reinvested into the VBT contract and 20% is split off to serve as a reward for DAO token holders.
Running historical projections from Nov 2021-2022, on a purely ETH VBT with a market cap of $10 million, 5% transaction fees, Aave Yield farming and a daily traded volume of 2% of the VBT market cap the DAO would have earn over 9.75 million within one year.
This is only an example of a single VBT instance, though we plan on launching many more.
