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Derivatives

What is the SUNDER token used for?

SUNDER token is

The governance token of Sunder Protocol.

SUNDER token is used for

  • Governance
  • Yield farm

How could value accrue to the token?

Fees

  • 0.1% fees on redemptions on the platform (currently on testnet and subject to change)

What is Sunder Protocol?

The protocol is a platform to create derivatives and separate different use cases of governance tokens.

How does it work?

Users desposit for example COMP to the Protocol.

And receive

  • Earn COMP token (ECT)
  • DAO Comp token (DCT)

ECT token can be used in strategies to earn yield independently from the DCT token. And either of them can be sold if the user values one part more than the other. This creates a market price for the governance part of a token in a new way.

Yield farm

  • Users can stake their tokens to earn tokens in the Sushiswap LP pools.

The Sunder app is currently on Kovan testnet.

Tokenomics

Max supply: 200 000 000

Distribution

  • 10% – Private Sale
  • 2.5% – Public Sale
  • 7.5% – Marketing
  • 15% – Team
  • 5% – Community
  • 10% – Ecosystem
  • 50% – Incentive Rewards

Presale: $0.1
Dutch Auction Public: $3 – 0,2 Linear Distribution

Public auction on MISO platform June 6th – 10th.

Docs

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Categories
Derivatives

What is the CVX token is used for?

CVX token is


The governance and yield farming token of Convex Finance.

CVX token is used for


  • Voting
  • Staking for platform fees

How could value accrue to the CVX token?


Locking tokens

  • Staking for fees

Fees

  • Fees for using Convex is distributed to stakers

What is Convex Finance?


Convex is a platform for tokenizing veCRV (locked voting CRV on Curve Finance) to earn yield and not having to lock tokens.

How Convex works


Convex is built on top of Curve Finance.

  • On Curve Finance holders of Curve tokens lock them in the DAO to receive veCRV.
  • veCRV can be used to boost their APY from providing liquidity on the pools.
  • veCRV is locked for 1 week – 4 years.

More on Curve boosting here.

On Convex users can deposit CRV and receive cvxCRV which is tokenized veCRV.

cvxCRV can be staked to receive

  • Platform fees(CRV)
  • CVX
  • veCRV rewards(3Crv).

CVX can be staked to earn

  • Portion of CRV earnings
  • Fees for cvxCRV

Fees

16% fee on CRV revenue by LP’s.

  • 10% – cvxCRV stakers – as CRV
  • 5% – CVX stakers – as cvxCRV
  • 1% – Harvest caller – as CRV

Tokenomics


Max supply: 100 000 0000

  • 50% Curve LP
  • 25% Liquidity mining
  • 9.7% Treasury
  • 1% veCRV holders
  • 1% veCRV holders
  • 3.3% Investors
  • 10% Convex Team

Docs


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CVX token price


Categories
Derivatives Ethereum Lending

What is the ALCX token used for?

ALCX token is


ALCX is the governance token of Alchemix.

ALCX token is used for


  • Governance (off-chain currently)
  • Yield Farming

How could value accrue to the token?


Fees

  • 10% of yield profit is sent to the DAO

What is Alchemix?


Alchemix is a DeFi platform for self-repaying loans on future yield.

How Alchemix works


Alchemix allows a user to deposit DAI to a smart contract and borrow up to 50% in alUSD.
The debt is paid down with the yield that the locked DAI generates (using the yearn DAI vault).

Transmuter

A user can convert alUSD to DAI via the transmuter. Depending on how much free float yield DAI is in the system. The process is subject to a queue and determined through governance.

Governance

Governance is currently a developer multisig and snapshot signalling. On-chain governance will be rolled out over time.

Read more here.

Similar projects


Token Isssuance


Total supply: 2,393,060 Tokens

Token issuance

  • 15% – DAO
  • 5% – DAO
  • 16% Team pool emissions
  • 64% LP emissions

Docs


ALCX token price


Categories
Derivatives Ethereum

What is INJ token used for?

What is INJ


Is the governance and staking token of injective protocol.

INJ token is used for


  • Staking
  • Governance
  • Incentivize nodes to secure the network

How could value accrue to INJ token?


Deflationary

  • Fees after rewards to relayers and LPs are sold in batch for INJ and burned.

Locking tokens

  • Staking.

What is Injective protocol?


Injective Protocol is a decentralized Layer 2 derivatives exchange for Ethereum.

How it works


Users can trade different kinds of derivatives trustlessly and with no gas fees.

  • It uses a bridge (Peggy) and the injective EVM which is based on Ethermint.
  • It allows for decentralized layer 2 scaling of the 0x order relay.

Fees

Trading fees are used to incentivize LPs and order relayers. Remaining trading fees are sold in batch every month for INJ. These tokens are then burnt.

Bridge

  • Users deposit their ETH or ERC-20 tokens in the bridge.
  • An injective relayer creates and signs a transaction and sends it to the Injective chain.
  • Nodes verify.
  • The tokens are now minted on the injective chain.

The user can withdraw their tokens at any time and they are then burned on the Injective Chain.

More here.

Token issuance


Total Supply: 100,000,000 tokens

INJ inflation: 7% at genesis – over time to 2%.

Token sale: $0.4

Docs


Similar projects


  • dydX
  • Complifi
  • Charm
  • PERP

INJ Token price


Categories
Derivatives Ethereum

What is NDX token used for?

NDX token is


NDX is the governance token for Indexed Finance.

NDX token is used for


How could NDX token accrue value?


Most governance tokens offer possibilities for cash flows to token holders.

Fees

  • 2.5% fees on swaps currently go to liquidity providers. Governance could change or add to this to generate value for token holders.
  • The NDX governor can set an exit fee on the current index pools or any future pools to generate passive revenue for the treasury.

What is Indexed Finance?


A protocol for passive portfolio management on Ethereum.

How Indexed Finance works


Indexed Finance pools don’t just hold assets and rebalance on a set schedule, they are multi-asset AMMs and a fork of the Balancer Pool.

Changes

  • More dynamic pool management so that assets can be bound, rebound and reweighed gradually.
  • Tokens are weighted by the square root of their market cap.

Indexed Pools can

  • Rebalance through swaps on Balancer.
  • Generate fees through swaps

Current Pools

Cryptocurrency 10 Pool
DeFi5 Pool

Governance is responsible for

  • Upgrading
  • Deploying pools.
  • Managing the token categories
  • Approving pool controllers
  • Swap fees.

More here.

Walkthrough on how to use Indexed can be found here.

Token issuance


Max initial supply: 10 000 000

  • 20% Team, Investors (non-specified vesting)
  • 5% Keepers to trigger oracle
  • 25% Yield farm – NDX or LP tokens
  • 20% Distribution to DeFi users (governance)
  • 30% Treasury

After June 1, 2021 the ability to mint new NDX tokens will be available to the governance organization.

Docs


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NDX token price


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Derivatives Ethereum

What is the DHT token used for?

DHT token is


DHT is the governance token for dHedge DAO.

DHT token is used for


How could value accrue to DHT token?


Governance tokens offer possibility off current and future cash flows to tokenholders.

Fees

  • 10% administration fee on the platform (subject to change through governance)

The admin fee as well as direct investments from the DAO are collected in a smart contract.

What is dHedge DAO?


dHedge DAO is a peer-to-peer asset management protocol on Ethereum.

How dHedge DAO works


dHedge DAO is built on the Synthetix protocol.

  • Any user can create an investment fund on the protocol.
  • Choose fee structure
  • Describe investment philosophy and assets.
  • Any other user can then invest in the fund.
  • The user still retains ownership of their funds in their Ethereum wallet.

Synthetic asset pools

  • The investor is issued a pool token.
  • The pool token is how an investor is able to redeem funds from the smart contracts.
  • Only the pool token holder has access to the funds in the smart contract associated with that user’s funds.
  • Fees for managers are collected on pool tokens, his/hers overall ownership of the pool will increase over time.

Here are the synthetic assets that funds can hold.

Users can earn DHT by

  • Providing liquidity to DHT/USDC on Uniswap.
  • Staking the LP-tokens in dHedge.

Token issuance


Allocation

1 – 3 year vesting.

  • 50% DAO
  • 20% Team
  • 3.75% Exchange partner
  • 5.52% Strategic round
  • 13.01% Seed
  • 7.72% Mesa auction

Prices

  • DHT price seed round: $0.08
  • DHT price strategic round: $0.25
  • Mesa auction minimum price: $0.25

More here.

Performance mining

During 3 months starting from December 2020 users can earn DHT by investing in pools that perform well.

  • 50 000 DHT to early users
  • 450 000 Investors

More info on this here.

Docs


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DHT price


Categories
Crosschain Derivatives Ethereum

What is the MIR token used for?

MIR token


MIR is the governance token of Mirror protocol on Terra and Ethereum.

MIR token is used for


  • Staking to vote on polls.
  • Used as a deposit for making governance proposals.
  • Rewards when withdrawing collateral from a CDP.
  • Liquidity providers yield farm MIR by staking their LP-tokens.

How could value accrue to MIR token?


Governance tokens offer possibility off current and future cash flows to tokenholders.

Fees

  • A protocol fee is charged whenever a withdrawal from a CDP is made (including closing the position).
  • Fee is sold to MIR through Terraswap and distributed to stakers.

Future

What is Mirror Protocol?


Mirror Protocol is a cross-chain platform to create synthetics that track the price of any asset (like TSLA stock).

How Mirror Protocol works


Mirror protocol is built by Terraform Labs (TFL) on the Terra blockchain.

Assets are transferred to ETH through Shuttle.

Mirror consists of

  • MIR (governance token)
  • mAssets (any generated asset)
  • Collateral locked to mint the mAsset
  • UST (TerraUSD stablecoin)

To create mAsset

  • Lockup 150% of value in UST or other mAssets as collateral.
  • Regulates minting, collateral can be liquidated if positions fall below ratio.

Redeem an mAsset

  • A user burns the same amount of mAssets issued when opening the CDP.

Trade

  • On Terraswap. Fees (0.3%)
  • Wrapped mAssets on Uniswap (or MIR and UST)
  • MIR serve as incentivize for liquidity providers to trade.

Oracle

  • A decentralized oracle that is updated every 30 seconds keeps mAssets to peg.

More here or in docs.

Token issuance


Total supply: 370,575,000 (over 4 years).

Terraform Labs aims for a fair distribution and do not intend to keep any tokens.

Token allocation

Distributed to LPs, community, stakers and Dev Fund.

  • Genesis: 54 M
  • Y1: 183 M
  • Y2: 256.2 M
  • Y3: 320.25 M
  • Y4: 370.58 M
  • Genesis: 18,3M MIR will be airdropped to LUNA stakers and UNI holders.
  • Over the course of the first year 18.3 million MIR tokens will be distributed to LUNA stakers on a weekly basis (every 100,000 blocks).

Claim MIR tokens


Based on snapshots taken on 11/23/2020, users with staked LUNA will receive tokens, and anyone with 100 UNI will receive 220 MIR.

  • Go to eth.mirror.finance
  • Connect wallet
  • On the right you’ll see “Claim”
  • Click and sign the transaction with Metamask.
  • Done.

Docs


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MIR price