Beagle Finance
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DeFi we have seen too many new crypto currency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in.
A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator.
However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards
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Beagle Finance
Beagle Finance token employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways. 5% fee = redistributed to all existing holders 5% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the BeFi tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap. Safety Step by step plan to ensure 100% safety
Beagle Finance Ecosystem
Beagle finance Ecosystem consists of product features and mechanisms that support each other while creating new benefits for all parties involved in the ecosystem and supporting the BeFi token
These main products features and mechanisms are;
Funding Pool
Incubator
Community Involvement Programs
Community Involvement Rewards
Staking
Launchpad
Yield Farming
DAO
Solution Partners Program
These sets of elements are chosen so they drive win/win situations between the parties involved in our ecosystem, which are mainly;
Entrepreneurs, innovators, and project teams
Token holders and stakers
Community members
Treasury and resources
Blockchain ecosystem products & services
In this whitepaper, we will go through all the core product features and mechanisms of the Beagle finance ecosystem, one by one, and within each section we will explore how the parties involved in our ecosystem engage and gain mutual advantages through these particular dynamics.
While the elements mentioned in this whitepaper are the base versions of Beagle finance ecosystem, our DAO will begin from the first days of release, so to go over all the details of user interfaces, workflows and numerical parameters with our community, to release products which are fully tested, and improved by community feedback loops.
Thus, community-driven feedback and DAO voting will not only be the mainframe of our incubator system, but also the way Beagle Finance ecosystem also goes through its own product development cycles.
Since adoption metrics of our ecosystem is key to the outcomes it will produce for all parties involved, we aim to develop only through proven feedback cycles which welcome adoption.
Lastly, the yearly roadmaps of Beagle Finance, will be decided at Q4 through DAO sessions and votings, so each year we can focus on producing extra added benefits and products according to what our community expects, rather than defining our roadmaps in centralized ways.
Thus, true decentralization, paired with community-driven mechanisms will always be at the core of the Beagle Finance ecosystem features and product development cycles.
Roadmap
Lastly, we would like to inform our community on the DAO-based roadmap structure of Beagle Finance.
While the initial workflows and systems of Beagle Finance ecosystem is described in this whitepaper, all the parameters, improvements, and new feature sets will be managed through community-driven ways.
While brainstorming and feedback sessions will be our first go-to for taking the initial recommendations, in most of the important final events we will hold DAO votings, so our community can govern Beagle Finance, and take a major part in it's success.
2021 ROADMAP
Q2 - Concept creation, Whitepaper, Initial Team formation, DAO Development, DAO Interface, Splitter Contract Development, Staking Development, Project Proposals Interface
Q3- Automated Reward Distribution, Staking Interface, Multichain Wallet Creation, Smart Contract Audits, Releasing all the development with Custom Interfaces
Q4- Financial Projections for Staking, Transparency Dashboard, Community Involvement Programs Alpha, Feedback Based Improvements for Dashboard, Community Involvement Programs Final Version, Solution Partners Program, Community DAO sessions for 2022 Roadmap
Community Update: Yield Farming Mechanism + Launchpad has also been added to the roadmap of Q3.
2021 ROADMAP (In Detail)
During Q2 of 2021, we will have our DAO and Project Proposals systems development started for our dashboard, so our community can start to participate in Beagle Finance DAO sessions, as well as start to vote on which projects to select to our seed funding & incubation program.
After the market release event, the Initial DAO Sessions events will be announced, and will start very shortly, regarding community involvement programs & rewards, so we can have our mechanisms according to our community's decisions, and develop products for its automated organization. During the final sections of these sessions Beagle Finance DAO will be used. Development will start right after the finalizations, and during the development of these products alternative 3rd party tools will be used so community involvement programs can start from the very-first community-selected projects.
In Q3 of 2021, we will release Staking & Automated Reward Distribution mechanisms, also integrated to Beagle Finance dashboard, so from the distribution of the tokens of very first incubated projects these systems can be already available, bug tested, and security audited.
In Q3 of 2021, Multichain Wallet Creation system will be released starting with Ethereum and Polkadot, and as new projects are selected by our community with tokens from different layer 1s, we will deploy the compatible wallets for those networks as well.
In Q4 of 2021, we will release the system of Financial Projections for Staking, so our staking mechanism can be used as a DeFi Seed Hedge Fund for participants who are interested in a hybrid DeFi mechanism, and stake according to financial data.
In Q4 of 2021, we will release the final version Transparency Dashboard, and sections for Fund Pool, Staking, Community Involvement Rewards and Beagle Finance Operations. While the full version will be completed at Q4, there will be certain sections completed before this timeline.
In Q4 of 2021, we will release the finalized Community Involvement Programs framework, also integrated to our dashboard, paired with Multichain Wallet Creation and Automated Reward Distributions.
In Q4 of 2021, we will release the Solution Partners Program, which will help incubated projects get support from verified solution partners, and develop useful and important partnerships more easily through this interface.
Also;
At Q4, we will also hold brainstorming sessions, gather our community's recommendations on new features and products that they would like to see in our ecosystem, and finalize these with DAO voting sessions for deploying the next yearly roadmap of Beagle finance product ecosystem for 2022.
These yearly roadmap sessions will be done at each year's Q4, so we can continue to set new goals each year with our community, and continue to grow Beagle Finance ecosystem accordingly.
Detailed Information:
https://beaglefinance.gitbook.io/beagle-finance//
https://www.facebook.com/beaglefinanceHQ
https://twitter.com/beaglefinanceHQ
https://github.com/beaglefinance
AUTHOR :
Bitcointalk username: gulsoom2020
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2543035
BSC wallet: 0xbd88Ee47b8b03Ee312FC1ccb3AFE8Bd90B2c8665