we all know how well CORE buyers did by investing early in what at the time was a new concept of deflationary yield farming.
I have something new I've come across to present to my fellow Zig Forumsness jews: JusDeFi. it's a community-governed deflationary yield farming token. yield comes from tokens being burned/redistributed from unstaking from both staking pool and uniswap liquidity pool. stakers can vote for the unstaking burn rate - contributions affect it like an S-curve, meaning small voters still have an effect. voting can range from 0%-20%, with 10% being the base of the S curve burn rate.
this project was actually birthed from and inspired by the AmplYFI rugpull a couple weeks ago. rug pull victims are being compensated with a 1:1 airdrop, and the tokens will yield staking rewards, but these tokens will not be able to be dumped on the market unless they are re-purchased at the original rate of .25 ETH each by the original holder. not only this, but half of the ETH originating from re-purchasing will be pumped into buying JDFI from uniswap and then burned.
one thing the team did that really caught my eye was register an LLC in Wyoming. they'll also be locking liquidity and burning keys to smart contracts anyway, but the LLC really adds more trust. who else in defi does this shit? no one.
they're supposed to be launching their LE on the 30th. website isn't out yet though so may take a day longer to launch even though they say they're still on track.
maximum supply: 32,000 LE supply: 10,000 rugpull victim locked airdrop: 10,000 initial liquidity pool: 10,000 team tokens: 2,000
tokenomics shill itself but have to say, team is super based
Julian Reyes
EWWWWWWWWW, community-driven.
Owen Murphy
>community-governed There are only two communities in this world, user: the LGBTQIAAP community, and the bagholder community, and I'm not even sure if they're two separate communities.
Jack Carter
Community governance is a terrible idea, both with core and any other project. Imagine hordes of pajeets making all the decisions for a project, the voting power of minuscule stake increased by the s-curve. Tx fees immediately set to 99%. Bloody awful.
Jayden Carter
it's only community governed with the burn rate
Ayden Lopez
Lazy FUD. If you actually take the time to read into it, all that's community governed is a weekly burn rate vote.
So then, 99% burn rate. The mention of tx fees was a reference to core. The point being that in most any case, governance by the ignorant masses is a fool's errand. My failure to educate myself only gives further proof of this.
>By depositing ETH into our secure smart contract, investors can increase or decrease the staking fee depending on their desires. >Voting periods will last exactly 1 week (168 hours). There will be no upper or lower limits to how much you can contribute, but we have implemented a Sigmoid function to keep the voting competitive within the parameters and to ensure more voting parity between opposing factions. By design, the Sigmoid will be weighted heavily away from the “center”, giving even the smallest of bids the ability to significantly move the fee if it’s currently close to the weekly origin point. Participants will be able to follow the estimated outcome in real time on our bidding portal. >100% of the ETH that is collected during the weekly bidding cycles will be used by the smart contract to purchase JDFI at market price and permanently burn it.
Parker Rivera
>buy CORE it's afraid.
Jason Gonzalez
Them's some purdy big words right there I tell you hwat.
You're obviously worried about this project overshadowing CORE. Why don't you just sell your bags in time for the Jusdefi LE?
Charles Murphy
Former core holder. Will be deep in this.
Bentley Reed
I was rude to you in a Libertas thread several weeks ago and I'm sorry.
Nathaniel Russell
I mean, buying a rugged project that is based on a previously rugged project that is based on core is all good and fine. But for the most part I'm having fun shitting everywhere with ignorance and autism.
I’m so sick of you gatekeeper faggots who shill that any criticism of the coin is FUD. Maybe you aren’t centered in reality . If you aren’t you won’t succeed.
Landon Taylor
Libertas hasn’t made any1 money buddy.
Jayden Wood
you've already gotten an answer for that particular concern
Logan Jackson
>I’m so sick of you gatekeeper faggots who shill that any criticism of the coin is FUD. Maybe you aren’t centered in reality . If you aren’t you won’t succeed.
