💠 LoopVaults – Low Supply - Yield Farm Compounder – OkexChain💠
Our first article will include a small introduction on who we are aswell as a rough overview of our launch & future plans.
Don‘t hesitate to join our Telegram aswell in order to talk to the founders directly.
Who are we and what are we building?
Originally started to actively develop and release projects on Ethereum when Uniswap was first released. We were building NFT farms at that time. Meanwhile we are heavily interested into AMM, Yield Farms, Collateralized Stablecoins, Vaults and Lending protocols as we believe we first have to build valueable DeFi tools and care about entertainment later.
We tested out many chains. ETH, BSC, Polygon & KCC. Some are better than others yet we still want to find new chains to operate on because every chain holds different kinds of users which gives us alot more insight and knowledge about the overall DeFi market than if we would only sit on one chain.
We are now targetting OkexChain and are building something that is still needed here which is Auto Compounding LP Vaults.
We have seen the rise of Cherry and many other projects that gather ALOT of money. This also means the overall APR usually drops. Our Protocol helps users to maximize their potential profit by automatically reinvesting the rewards into the LP stake which grows exponentially over time. This service comes along with a socalled „performance fee“ which is going to be the main income of $LOOP. You can read more on that on our Gitbook.
🚀 Launch & Future Plans 🚀
We are aiming to launch our contracts aswell as our frontend within the next few days. This will also be the beginning of our protocol which means users will be able to stake and optimize their yield already.
Our native token $LOOP will have a total max supply of 100‘000 tokens.
Distibution Plan A: 25% Supply will get airdropped to Cherryswap LP Farm stakers. This is done to raise awareness of our platform to the users that bring the most volume to the chain.
25% Supply will get airdropped to LoopVaults stakers once we reached $10’000’000 TVL.
50% Supply will get used for a Cherryswap IFO (if we‘re getting accepted).
Distribution Plan B: If we‘re getting accepted for an IFO before our Launch, we‘re going to try use 100% of our Supply for the IFO in order to maximize the potential price floor and stability of the token.
We‘re building our dAPP with Multi-Chain integration in mind. This basically means we‘re able to drop and deploy on any EVM supported Chain with minimal effort which allows us to adapt very quick to certain market movements.
❓What is the Utility of $LOOP❓
$LOOP is a very limited and valueable token. The reason for this is simply because it‘s directly used to earn a share of LoopVaults total revenue.
Our Protocol‘s performance fee will get split in three following bags;
- Buyback & Burn
- $LOOP token stakers
- Development & Marketing fund
As an example – $10‘000‘000 TVL results into $60‘000 daily protocol revenue.
- $20‘000 / day -> Buyback & Burn
- $20‘000 / day -> $LOOP token stakers
- $20‘000 / day -> Development & Marketing fund.
Essentially it means if you‘re owning 1‘000 $LOOP = earning 0.3% of total protocol revenue.
The revenue you will earn by staking $LOOP will be paid out in either OKT or Stablecoins. We want to have the opinion of the community on this one before we decide further but the goal is to payout yield in valueable assets instead of inflationary tokens that drop in price with time.
