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$SHARE | Dollar Protocol Thread
> As the Seigniorage trend continues to breakout, we need to focus on the protocol and token system, that I think has the most potential.
> ENTER Dollar Protocol.
> The original elastic money supply protocol
> As the Seigniorage trend continues to breakout, we need to focus on the protocol and token system, that I think has the most potential.
> ENTER Dollar Protocol.
> The original elastic money supply protocol
Prelude:
> Before I go into my own personal thread, I advise you to refer to the following links for an in-depth overview of the entire protocol
> Official Dollar Protocol Medium:
https://dollarprotocol.medium.com/
> Amazing Video by @ItsMeOhHeyMatty
> Before I go into my own personal thread, I advise you to refer to the following links for an in-depth overview of the entire protocol
> Official Dollar Protocol Medium:
https://dollarprotocol.medium.com/
> Amazing Video by @ItsMeOhHeyMatty
Introduction:
> Dollar Protocol is a three token system where $SHARE represents a fixed supply governance token, $USDx represents the object of stabilization, and $xBOND is a fungible token that represented vested ownership of the protocol growth
> We can breakdown the 3 below:
> Dollar Protocol is a three token system where $SHARE represents a fixed supply governance token, $USDx represents the object of stabilization, and $xBOND is a fungible token that represented vested ownership of the protocol growth
> We can breakdown the 3 below:
Overview of $SHARE (Governance)
> The supply governance token and the token that is openly traded and that you will see speculation on above any of the others
> By staking, you earn seigniorage profits in $USDX during positive rebases
> You are protected from negative rebases
> The supply governance token and the token that is openly traded and that you will see speculation on above any of the others
> By staking, you earn seigniorage profits in $USDX during positive rebases
> You are protected from negative rebases
Overview of $USDx (Rebase)
> This is the object of stabilization for the USD synthetic asset
> Rebases (every 12 hours) are determined based on its TWAP (time-weighted average price)
Rebases:
> Positive: Greater than $1.05
> Negative: Less that $0.95
> Neutral: $0.95-$1.05
> This is the object of stabilization for the USD synthetic asset
> Rebases (every 12 hours) are determined based on its TWAP (time-weighted average price)
Rebases:
> Positive: Greater than $1.05
> Negative: Less that $0.95
> Neutral: $0.95-$1.05
Overview of $xBOND (Staking)
> xBOND is a seigniorage bearing coupon
> Serves as a type of "savings bank"
> Bond during a negative reset and your money CAN ONLY GROW
> During positive rebases your valuation compounds on a bonding curve
> xBOND is a seigniorage bearing coupon
> Serves as a type of "savings bank"
> Bond during a negative reset and your money CAN ONLY GROW
> During positive rebases your valuation compounds on a bonding curve
Rewards Recapped:
> Every 12 hours there is a rebase based on the 12 hour TWAP of $USDx
Positive rebases will distribute rewards as such:
> $SHARE Payout: 20.4%
> $xBOND Payout: 40%
> Liquidity Provider Payout: 39.6%
Negative rebases will reset the xBOND peg back to 1:1 value
> Every 12 hours there is a rebase based on the 12 hour TWAP of $USDx
Positive rebases will distribute rewards as such:
> $SHARE Payout: 20.4%
> $xBOND Payout: 40%
> Liquidity Provider Payout: 39.6%
Negative rebases will reset the xBOND peg back to 1:1 value
Project Background:
> Robert Sams has MASSIVE credibility and knowledge in the financial markets.
> Speculation and big hints at him being at the head of the ship however regardless, the project is ideated off of his seigniorage whitepaper
> https://www.linkedin.com/in/robertsams/?originalSubdomain=uk
> Robert Sams has MASSIVE credibility and knowledge in the financial markets.
> Speculation and big hints at him being at the head of the ship however regardless, the project is ideated off of his seigniorage whitepaper
> https://www.linkedin.com/in/robertsams/?originalSubdomain=uk
Chart:
> We are on a new version of the protocol at this time and past price action should be dismissed.
> As you can see, we had a massive perk from the demand and range low as we work up this trend.
> A break above will cause a violent expansion upwards
> We are on a new version of the protocol at this time and past price action should be dismissed.
> As you can see, we had a massive perk from the demand and range low as we work up this trend.
> A break above will cause a violent expansion upwards
