Categories
Aggregator DeFi Ethereum

What is the WOO token used for?

The WOO token is

WOO is the utility and governance token of the Wootrade Network platform.

WOO token is used for

  • Staking to lower fees for API users (all other no fee).
  • Governance of parts of the platform.
  • Large holders earn more WOO for every trade.

How could value accrue to the token?

Locking

  • Holding / staking for discounts and perks.
  • Staking for voting

Burn

  • WOO is bought and burned with a portion of the revenue from the platform.

What is Wootrade Network?

Wootrade is a crypto exchange that bridges the gap between CeFi and DeFi.


It aggregates liquidity from CeFi, DeFi and institutional sources making Wootrade able to provide lower fees than traditional DEXes.

  • Wootrade provides zero-fees and deep liquidity for both spot and futures markets.
  • A familiar trading interface.

Wootrade has partnered with 1inch to provide WooFi.

Tokenomics

Max supply: 3 Billion tokens

Distribution:

  • 50% – Ecosystem
  • 20% – Team
  • 20% – Investors
  • 5% – Advisors
  • 5% – Liquidity Management

DOCS

Similar projects

WOO token price

Categories
DeFi Ethereum

What is HEX token used for?

HEX token is

HEX is the staking token of the HEX.com protocol.

HEX token is used for

  • Staking to earn interest

How could value accrue to the HEX token?

Locking tokens

  • Stakes are locked for up to 1 day – 5555 days.

What is HEX.com?

The first cryptocurrency time deposit. Tokenholders can lock their tokens to earn interest.

How HEX.com works

Holders can stake their tokens to earn interest. The tokens are locked in a smart contract.

Staking

  • 1 – 5555 days
  • 3.69% interest to stakers in the pool

3.69 % of the total supply is awarded to the staking pool annually. So if less than 100% of tokens are locked, stakers will have a higher APY.

When the staking period is finished a holder has to manually unstake or they will be charged with a penalty. Or anyone can pay the gas fee and run a function to unstake for them.

To unstake early the users is charged a penalty fee – depending on how close to the chosen date they unstake.

  • End stake – 50% of days committed to.
  • Late end stake- Half of 1% of stake

There are no admin keys and HEX is a finished protocol that sits on Ethereum. Currently working on launching a separate blockchain called PulseChain.

Token Isssuance

Current supply: 571,729,801,587

Inflation: 3.69%

  • Tokens were claimable by Bitcoin holders for 1 year post launch.

Docs

HEX token price

Categories
DeFi Ethereum

What the MLN token is used for?

MLN token is


MLN is the utility token for Enzyme Finance (prev. Melon Protocol).

MLN token is used for


  • Pay for usage on the platform
  • Inflation
  • Burn

The use case for the token is being reworked.

How could value accrue to the MLN token?


Potential (with updated token usecase)

  • Holding for discounts

What is Enzyme Finance?


Enzyme is protocol on Ethereum for decentralized on-chain asset management.

How Enzyme Finance works


Any user can create a fund. And set parameters such as:

  • Denominating asset
  • Fees (management, performance, entrance)
  • Deposits (amounts/users)
  • Redemptions

Depending on settings all or some users can deposit to the fund.

Current token model

  • Rewards: 300 600 tokens/year for developers and maintainers.
  • Unused tokens: Burned
  • Fee: The tokens is also used for asset management gas, or a fee that users pay for use the platform.

Proposed token model

  • Fees for depositing and using.
  • Discounts in tiers by the amount of tokens a users hold.
  • Issuance slowly reaching 0.

Token Isssuance


Total supply: 1,824 000 tokens

Inflation: 300 600 / year

Initital Allocation

  • 750 000 For contributions
  • 500 000 Token sales
  • 150 000 Melonport company
  • 100 000 Founders’

Presale price estimated: 5 CHF / Token

Docs


Similar projects


MLN token price


Categories
DeFi Ethereum

What is DUCK token used for?

DUCK token is


The utility and governance token for Unit Protocol.

DUCK token is used for


Proposed

  • Governance
  • Fees

Removed

Additional collateral where user needed 2% – 5% DUCK (COL) in addition to main collateral.

How could value accrue to DUCK token?


In MVP stage of the app the fees and value generated go directly to users of the protocol.

Proposed future value for tokenholders

  • Use 70% of total fees to buy and burn DUCK
  • 30% of fees to governance stakers.

Staking / locking

  • Staking for governance

vs. other projects

  • Stable rates for loans.
  • More tokens and LP tokens available as collateral.

How Unit Protocol Works


Unit Protocol is a protocol for lending that allows you to mint USDP stablecoin in a CDP

  • Users can take out loans against a wide range of tokens with a stable interest rate (stability fee).
  • Liquidation fee and stability fee are between 5 – 15% and differ between collateral.

Currently you can borrow

  • 75% of your ETH in USDP
  • 7% stability fee
  • 10 % liquidation fee.

When your CDP (collateralized debt position) falls below the liquidation ratio anyone can liquidate it.
This means a users buys the liquidation fee amount of the CDP (10% in above example).

Price: OraclePrice – 50%

The USDP stablecoin is generated when users provide collateral. The USDP peg is kept from the liquidations and the different operations being done in USDP.

How’s it different from MakerDao?

  • Stable rates for loans
  • Use illiquid tokens as collateral

The USDP stablecoin is generated when users provide collateral. The USDP peg is kept from the liquidations and the different operations being done in USDP.

More on this here.

Token issuance


Total supply: 1,006,011,639

Distribution via lockdrop.

  • 3,903.742 ETH were locked.
  • Total amount of participants: 55 addresses with 82 transactions.
  • Participants will receive 5123289.398 COL per 1 locked ETH.
  • Maximum locked: 550 ETH
  • Average locked: 70.977 ETH

1 DUCK = 100 COL
Lockup value at $200/ETH = $0,0038 / DUCK

More here.

Docs


Github

Similar projects


DUCK price


Categories
DeFi Ethereum

What is BOND token used for?

BOND token


Is the governance token for BarnBridge DAO (Q1 2021).

What is BOND token used for?


  • Only yield farming until the BarnBridgeDAO is launched.

Future

  • It will be used for governance.
  • Staking to receive governance token vBOND. 1 year for 2x rewards.

How could value accrue to BOND token?


Most governance tokens have a potential of future cash flows from fees implemented in the protocol.

Potential Value generation

  • Fees

How BarnBridge works


BarnBridge is a protocol for tokenizing risk. BarnBridge accesses debt pools on DeFi protocols, and transforms single pools into multiple assets with varying risk/return characteristics. Making users able to hedge yield sensitivity and price volatility.

More here.

LaunchDAO

  • LaunchDAO is an Aragon DAO made up of the team and investors to launch the protocol.

BarnBridge DAO

  • LaunchDAO will create the BarnBridgeDAO that’s governed by the tokenholders.

Governance proposals

  • To create a proposal you will need 1% of the BOND staked in Barn (DAO Staking smart contract).
  • The minimum quorum is 40% of staked BOND. The minimum acceptance is 60% of the votes.

Token issuance


10,000,000 BOND tokens distributed over 2 years.

Week 1:

  • Farming: 32,000
  • Team: 22,000
  • Total: 54,000

Weeks 2 through 4:

  • Farming: 32,000
  • LP: 20,000
  • Team: 22,000
  • Total: 74,000

Week 5 and on:

  • Farming: 32,000
  • LP: 20,000
  • BOND Pool: 5,000
  • Team: 22,000
  • Total: 79,000

Token Distribution

  • 12.50% Core Team
  • 10.00% DAO Treasury
  • 7.50% Investors
  • 2.00% Advisors
  • 68.00% Community

Community breakdown

  1. 8.00% to Yield Farming
  2. 20.00% to Uniswap LP Rewards
  3. 4.80% to Staking Rewards
  4. 17.50% to Var Pool Incentives
  5. 17.70% to Community Reserve

More here.

Docs


Similar projects


BOND price


Categories
DeFi Ethereum

What is the Hegic token used for?

HEGIC token is


A utility and governance token for the protocol.

HEGIC token is used for


  • Fees to token holders
  • Discounts
  • Governance

What is Hegic protocol


A protocol for decentralized for options contracts.

How Hegic protocol works


Buy call and put options or use to hedge your positions. Earn yield as liquidity provider by selling call and put options.

Holder

  • A holder of a Hedge contract receives a 30% discount when holding tokens in their Ethereum wallet.
  • A 1% settlement fee on hedge contracts is distributed to token holders every quarter.

Writer

A writer provides liquidity to the protocol. Withdrawal of liquidity is processed in a queue. If the writer holds HEGIC in their wallet the request is processed instantly.

Call option

  • Option to buy an asset during a certain timeframe (maturity).
  • and at a certain price (strike price).

Token issuance


  • Early contributors: 20%
  • Liquidity and other rewards: 40%
  • Development fund: 10% (48 months vesting.)
  • Balancer pool: 5% (this allocation is to have a secondary liquidity pool and the users of mainnet will be able to swap their tokens with this pool at a rate of 0.1%)
  • Bonding curve: 25%

Docs


Docs

Paper

Similar projects


Token price


Categories
DeFi Ethereum

What is KP3R token used for?

KP3R token is


KP3R is the native utility token for Keep3r network.

KP3R token is used for


  • Reward Job Keepers
  • Governance.
  • Bond to perform jobs that appear to be high risk.

What is Keep3r Network


The Keep3r network is a platform that can be used to incentivize anyone to perform certain actions for a smart contract.

For example

  • Flash liquidations
  • Price feeds
  • Collecting yield harvests

How Keep3r network works


Keeper

Anyone can become a Keeper by calling the contract. You do not need any bond, but some jobs may require it.

Job

A job can be submitted either via governance or calling the contract. And can be anything that requires an external execution in relation to a smart contract.

Job credits

  • Payment to Keepers
  • Paid for directly by job creator.
  • Or by adding liquidity to KPR/ETH on Uniswap. Here you get the liquidity back – so it’s not an expense.

Token issuance


Current supply: 200,141 

Docs


Docs

Similar projects


KP3R price


Categories
DeFi Ethereum

What is the Lien token used for?

Lien token is


Lien is a utility token that awards Lien protocol users with fee discounts when transacting on the protocol and FairSwap.

Lien token is used for


Fees to Lien token holders

  • 0.2% – The Lien protocol, to mint the iDol stable coin (100% distributed)
  • 0.3% – FairSwap exchange (20% distributed)

Fees are collected in ETH or iDOL and are then distributed proportionally to holders of the Lien Token as discounts/rebates at the end of each month.

What is Lien protocol


Lien protocol on Ethereum allows for creation of a derivative and a stable component of ETH.

How Lien protocol works


Lien protocol consists of Lien tokens and iDol stablecoins.

And to create on-chain derivatives, the protocol generates two tokens from 1 ETH.

Tokens

  • The Liquid Bond Token (LBT)
  • The Stable Bond Token (SBT).

The LBT is made to absorb most of ETH’s volatility and makes it work like a 2x call option on ETH.

Call option

  • Option to buy the asset during a specific timeframe (maturity).
  • and at a specific price (strike price).
  • The design of the LBT makes the SBT stable against the US dollar and makes it works as a collateral for iDOL.

Using Lien step-by-step


1. The Lien protocol smart contract converts 1 ETH into 1 SBT and 1 LBT with the same maturity date and strike price.

2. The SBT is sent to the iDOL smart contract and is used as collateral to mint iDOL stablecoins equal to half the dollar value of ETH.

3. Near maturity date – SBT is auctioned off for iDOL.

4. At maturity, the smart contract pays the SBT holder half the ETH value in step 1.

5. Remaining ETH is paid to the LBT holder. (If the price of ETH upon maturity is lower than the strike price, SBT holder receives all and LBT holder receives nothing).

iDOL stablecoin


iDOL is a stablecoin that is a feature and consequence of creating derivatives on Lien.

Lien token issuance


Total supply: 1 000 000 tokens


Allocation (80% locked / 20 % unlocked)

  • 10 % Pre-sale
  • 38 % Community Funds
  • 50 % Devs
  • 2 % Fairswap

Team tokens vested linearly over 2 years.

Docs


Protocol

Paper

Similar projects


Lien price


Categories
DeFi Ethereum

What is the COMP token used for?

What is Compound


The Compound Protocol allows users to borrow crypto assets, using any other supported asset as collateral.

COMP token


Is the governance token of the Compound protocol.

COMP is Used for

  • Voteing
  • Delegating
  • Incentivizing early users

How COMP token works


COMP tokens corresponds 1–1 with voting power in Compound governance. Holders may delegate their voting rights to any other Ethereum addresses.

Compound Governance consists of

  1. COMP — Designates the weight of a user’s voting rights.
  2. Delegation
  3. Proposals  — 100 000 COMP needed, and a 3 day voting period.
  4. Voting — If 4% quorum of delegated COMP (i.e. 400,000 COMP) vote for a proposal, the proposal is queued in the Timelock.
  5. Timelock — A minimum of 2 days, after which proposals that reached quorum can be implemented into the protocol.

How Compound protocol works


Lending

Users must first supply crypto assets like ETH or DAI to Compound. These are converted to cTokens and locked into the protocol.

Lenders can then earn interest on their minted cTokens or use them as collateral.

Borrowers of assets pay the interest rate earned by cToken holders.

cTokens are 

Open Price Feed

  • Prices for assets on Compound are supplied signed by Coinbase Pro and OkEX.
  • They are also correlated to stay within a certain range of prices on Uniswap v2.

COMP token issuance


Total supply: 10 000 000 COMP

Allocation

  • 2,396,307 Shareholders
  • 2,226,037 Team (4-year vesting period)
  • 372,707 Future employees
  • 4,229,949 Protocol users (distributed to lenders & borrowers over 4 years)
  • 775,000 Future governance advances.

Initital COMP distribution

  • 4 229 949 COMP are transferred at a rate of 0.5 COMP per Ethereum block (~2,880 per day) into the protocol for distribution
  • The distribution is allocated to each market (ETH, USDC, DAI…), proportional to the interest being accrued in the market.
  • 50% to suppliers and 50% to borrowers.

Docs


Docs

Competition


COMP price


Categories
Data DeFi Ethereum

What is the GRT token used for?

GRT token


GRT token is the work token for The Graph Protocol.

GRT token is used for


  • Staking
  • Incentivize every step of the Graph protocol
  • Remove single points of failure and decentralize the protocol.

What is The Graph


The Graph is a protocol for organizing blockchain data and making it easily accessible.

Currently being used by some of the most popular projects

GRT token in-depth


Indexers

Node operators stake GRT to provide indexing and query processing services.

They earn

  • Query fees
  • Indexer rewards

Curators

Signal which APIs should be indexed by indexers.

  • Deposit GRT into a bonding curve to signal on a specific subgraph
  • Earn a portion of query fees for the subgraphs they signal on; incentivizing the highest quality data sources.
  • The earlier they signal the more GRT they earn.

Delegators

Delegate GRT to Indexers and they earn a portion of query fees and indexing rewards in return.

Consumers

Query subgraphs and pay query fees to the Indexers, Curators and Delegators. 

Incentives in depth

  • Indexers are slash if they are malicious and serve incorrect data to applications or if they index incorrectly.
  • Curators and Delegators have a withdrawal tax to disincentivize poor decision making.
  • Curators earn lees fees on poor subgraphs since not as many people will use them.

Rebate pool

Designed to encourage Indexers to allocate stake in proportion to the amount of query fees they earn for the network.
They will receive back exactly 100% of their contributed fees back as a rebate. 

Token burn

  • 1% of query fees.
  • The Withdrawal tax for Curators and Delegators.
  • Unclaimed rebate rewards

GRT token issuance


Starting supply: 10 billion tokens

Inflation: indexing rewards will begin at 3% annually (subject to change through governance).

Token sale:

  • Amount for sale: 400,000,000 preGRT (400,000,000 GRT)
  • Token Price: $.03/preGRT
  • Currency Accepted: ETH

Allocation

  • Early backers: 17%
  • Backers: 17%
  • Early team and advisors: 23%
  • Edge node: 8%
  • Community: 35%

Docs


Docs

Competition


GRT price