Klaytn`s next Kronos !? Rhea DAO
- project Links
Official website: https://rheadao.properties/
Official Twitter: https://twitter.com/RheaDao_fi
Official Discord: https://discord.gg/9vBUhuGHma
Official Medium: https://medium.com/@official.rheadao
Docs(EN): https://docs.rheadao.finance/
Docs(KR): https://en.docs.rheadao.finance/
Hello. Good news. Another new project has appeared on the Klaytn Chain. The project name is 'RHEA DAO'. RHEA DAO introduces it as 'DeFi 2.1 project that improves the problems of existing DeFi 2.0 projects'.
'Lea Dao', who starts the white list lottery event and IDO this time, is a fork of Olympus DAO, but came out with several improvements as a teacher, and consists of anonymous team members of various nationalities, and since then a decentralized autonomous organization has been established. It is called a project that aims to become.
- Anonymous team members, can you trust them? Whether KYC Verification
In any project, anonymous projects, especially, are always in a situation where reliability is an issue. It is said that they came out after receiving a real-name system).
So, I think that 'Lea Dao' introduced this time is a situation that can be put aside for 'rug pool', which is a representative scam of anonymous projects that have not been verified at all anywhere. I heard this.
However, no matter which project you invest in or which token you invest in, it seems to be the most important thing to always invest in a level that you can afford. If you lose even a little, it will hurt your heart that much.
As such, meticulous DYOR (Do your own research) is considered essential for anyone in the early stages of a project, and although it will vary from project to project, it is important to learn enough about the history of similar projects and invest in them.
The safe means that when the holder deposits his token in the DEX to create a liquidity pool, and sells (bonding) the LP to the protocol, the protocol accumulates the liquidity LP in the safe and locks that amount of liquidity. It serves to reduce the price impact of buying and selling.
Price impact refers to price fluctuations when the liquidity pool runs out of tokens and when tokens are bought or sold in large quantities. that it can create price stability of
Also, it plays a role in paying interest to stakers based on the assets accumulated in the safe, so depending on how much bonders (or minters) bond (or minting), how many assets are accumulated in the safe. This means that the interest rate the staker receives is also higher.
However, if, over time, bonders do not bond and the LP accumulated in the 'general safe' does not increase, interest can be provided to stakers only with the accumulated LP, so the lifespan of the project It can be seen as a problem with the existing DeFi 2.0 that it is getting shorter.
So, while there is a problem that only the 'general safe' has existed in the existing DeFi 2.0, Leah Dao creates an additional 'fund safe' along with the general safe, and actively utilizes this for the development of the Leah ecosystem. (Minting) It is said that it has been improved so that it is not tied to the system.
To be precise, when bonders bond with stable LP, 10% of the LP obtained by the protocol is stored in the fund vault, and with it, the ecosystem is actively developed and various sources of income are created, and the profits are returned to the general vault. It is called a system that lowers the bonding dependency by depositing with
Through the 7-day vesting period, the IDO pays 10% on the first day and 15% on the second to the last day. In this way, it appears to be a will to ‘block the unstable shake of the initial token price’.
After all, DeFi, which adopts game theory according to Olympus Dao, is based on long-term investment, no matter how much you bought at the beginning, no matter how much the price drops, it supports 1 dollar, so even if it becomes 1 dollar after 1 year, it is automatically The price is irrelevant as it is a method of profiting from the compounding system
Nevertheless, it is even better for stakers that tokens are always maintained at a high price anyway, and in particular, 'psychological instability due to token price instability' of early entrants except for very early entrants such as whitelists and IDO participants. It seems to have a pretty good intention to block it.
For your reference, the application to participate in the white list event is
https://medium.com/@official.rheadao/rheas-awakening-ido-whitelist-details-f1bef0fe314a You can do this here.
If you want to simply participate in the White List Giveaway (25 wallet) event,
https://forms.gle/5vponqukUvbZVSmq9 Please log in here and fill out the Google Form.
- schedule
Korea, Japan and etc. (UTC +9):
WL Event Results - February 24, 2022 09:00
WL Pre-Sale - Feb 24, 2022 22:00 - Feb 25, 2022 22:00
Public Sale (IDO) - February 26, 2022 09:00 - February 26, 2022 18:00
Lunch - 27 Feb 2022, TBA