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Ethereum Service

What is SPI token used for?

What is SPI


SPI is the utility token for Shopping.io.

SPI token is used for


  • Unlock discounts and benefits on the site.

How could value accrue to SPI token?


Remove supply

  • Staking for GSPI (Governance token)
  • Locking for plans

What is Shopping.io?


Shopping allows users with an account to shop from Amazon, E-bay and Walmart and pay with up to 100 cryptocurrencies. Token holders are afforded different benefits and discounts when shopping.

How SPI works


There are 4 tiers of accounts on Shopping.io. Free and the three others require the user to hold different amounts of the token.

Shopping.io uses 2 tokens.

  • SPI is the utility token.
  • GSPI is the governance token.

SPI is used in spi.club to earn GSPI governance token.

  • Upon staking you will lose 10 % of your initial staking investment.
  • Your SPI is exchanged for SPIO which can be redeemed 1:1 when you exit staking.
  • Upon exiting you will lose 10 % of your initial exit investment (not your staking rewards).

    This fee is distributed to existing stakeholders.

GSPI is the future governance token of Shopping.io. Holders will be able to create and vote on proposals for the community. It will also feature a host of other features.

SPI Finance

SPI finance is a staking platform without enter and exit fees. The platform is run by the team and the rewards will be determined by the team.

Read more about SPI finance.

SPI issuance


Total supply: 1 000 000

  • No presale, ICO, or team allocation.

Docs


Ecosystem

Similar projects


SPI token price


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Aggregator Ethereum Service

What is COMBO token used for?

COMBO token is


COMBO is the governance token of Furucombo.

COMBO token is used for


  • Share fees collected on Furucombo
  • Governance
  • Premium features on Furucombo

How could value accrue to the COMBO token?


Governance tokens can provide cashflow to token holders through protocol fees.

Fees

  • Currently no fees.
  • Furucombo will charge fees for performing Combos on the app.

Rewards

  • Tokens rewarded to Furucombo contracts, such as BAL, UNI, SNX, etc;
  • fee rebates received from protocols, such as the partnership with Aave, Synthetix’s volume program, etc.

What is Furucombo?


A drag-and-drop interface for performing several DeFi actions in one click (called combos).

How Furucombo works


Furucombo is similar to a DeFi aggregator (like Yearn or Harvest). The difference being that anyone can create complex strategies for yield generation without coding.

  • Drag-and-drop cubes on the combo page to create a multi-layered transaction.
  • On the explore page users can use pre-built transactions as starting points.

Some of the actions users can choose from

  • Flashloan
  • Swaps
  • Loan
  • Deposits
  • CDPs
  • Borrow

Furucombo can interact with Aave, Uniswap, MakerDAO, Compound and more.

Read more in this step-by-step guide.

Future

  • Let users pool capital in a user’s combo. A particularly good strategy could receive a grant from Furucombo.
  • Scale to crosschain combos.

More here.

COMBO Isssuance


Max supply: 100 000 000

  • 26% – Core Team & Future Hire (vested)
  • 2.5% – Advisors (vested)
  • 19,5% – Investors & Shareholders (vested)
  • 52% for Community Growth

4% of the community portion is allocated to a Balancer smart pool public token sale.

More on this here.

Docs


Combo token price


Categories
Ethereum Service

What is the LDO token used for?

LDO token is


The governance token for Lido.

LDO token is used for


How could value accrue to the LDO token?


Most governance tokens offer potential value for token holders through protocol fees.

Fees

  • 10% fee on staking rewards. Split between node operators, the DAO, and an insurance fund.

What is Lido?


Lido is a DAO that provides a non-custodial staking service for Eth 2.0. Users can stake any amount, receive staking rewards and have their ETH liquid, in the form of stETH.

How does Lido work?


During phase 0 – 1.5 of Ethereum 2.0 users wanting to stake ETH on beacon chain need to:

  • Lock their ETH indefinately.
  • Supply 32 ETH
  • Run a validator

Lido wants to make this easier.

Lido uses two tokens

  • LDO for governance
  • stETH as tokenized staked ETH on the beacon chain.

A user deposits ETH to Lido.

  • ETH is distributed to validator.
  • User receives stETH.
  • stETH can be used like any ERC-20.
  • stETH tracks the balance the user would have while staking on the ETH 2.0 beacon chain.

The user doesn’t have to run a validator node and also have their assets liquid during phase 0 – 1.5 of ETH2.

Current statistics for stETH is here.

Every oracle update

Recalculates the stETH token ratio.

  • If staking rewards > slashing penalties the system registers a profit.
  • stETH token balances will increase and Lido would apply a 10% fee

Slashing of validators

  • Part of the Lido fee is transferred to slashing insurance to mitigate this.

Voting

  • Lido DAO govern the liquid staking protocols and decides on fees and upgrades.

To have a vote in the Lido DAO

  • Voter must hold LDO.
  • LDO voting weight is proportional to the amount of LDO a voter stakes in the voting contract (can also be changed through governance).

More here.

Token issuance


Total supply: 1 000 000 000 LDO

View all funds in the DAO here.

Unlocked

  • DAO treasury – 36.32% (0.5% Airdrop to early stETH users)

Locked 1 year and then vested 1 year

  • Investors – 22.18%
  • Validators and signature holders – 6.5%
  • Initial Lido developers – 20%
  • Founders and future employees – 15%

Claim LDO tokens


0.5% of LDO supply is distributed to early depositors of ETH that received stETH.

If you’re eligible you can claim tokens here.

Docs


Similar projects


LDO price


Categories
Ethereum Service

What is RPL token used for?

RPL token


RPL is the protocol token of Rocketpool.

RPL token is used for


  • Rocket Pool node operators can stake RPL as an additional security deposit.

They earn an extra commission proportional to the deposit. If they fail to perform their network duties and incur penalties or slashing their RPL is burned proportional to their ETH losses.

It is not required to run a node or to stake ETH on the network.

Future use-case

  • Governance

What is RocketPool?


Rocketpool is a decentralized staking service for ETH 2.0.

Try Beta app on Medalla testnet here.

How RocketPool works


To stake ETH and secure the network in Ethereum 2.0 – 32 ETH is needed.

  • Rocketpool offers staking and rewards with as little as 0.01 ETH.

Nodes

  • Earn comission on ETH staking rewards (currently 19% on testnet).
  • Can join with 16 ETH.

Slashing

  • That the entire network absorbs the penalties and slashing conditions from single nodes.
  • Rather than one user suffering 100% just due to bad luck that their deposit ended up on a bad node.

dApps

Can integrate into Rocket Pools smart contracts to stake ETH that the dApp holds, and receive rETH.

What is rETH?

Is the token received when providing ETH to the pool.

  • This token does not need to be locked and can be used like any other ERC-20.
  • It will accrue staking rewards over time.

Phase 2

When smart contracts are natively enabled on ETH2 user will be able to burn the rETH token for ETH.

What is nETH?

Phase 0 and 1

  • Node operators receive the nETH token which is a 1:1 token representing deposit + rewards + commissions.
  • This is not the same as rETH which represents tokenised staking deposits +
  • rewards earned by the whole network and is not 1:1.

Phase 2

  • When smart contracts are natively enabled on ETH2, a smart contract will be deployed that will allow users with the nETH token to burn it for ETH.

More about Rocket Pool here.

Token issuance


Supply: 18 000 000 Tokens

RPL Presale price: $0.21

Docs


Paper

Similar projects


RPL price