For the last five days after my blog post of V2, we have started in-depth Documentation on DEUS V2 we will release in the upcoming days, but together with the Documentation and already before I realized how big of a project this will become in the future.
I will now, in this proposal, lay out the foundation of changes needed to position the DEUS protocol so it can achieve the transition smoothly.
Implement a fractional reserve of DEA of 25%
Implement a fractional reserve of DAI of 75%
(improve its TWAP…
Lafa’s guide to the galaxy (of synthetics)
Don’t trade without it.
Synthetics protocols are so much more than just the amount of assets they support. They must tackle the conflict of interest between the protocol and the traders.
DEUS V1 is similar to Synthetix, and Synthetix works just fine how it is, right?DEUS adds more possible assets to the system, and that’s why DEUS is better than SNX, right?
Of course, that’s what we all think, and it’s true. Synthetix currently supports around 30 assets, while DEUS V1 supports about 550.
There is a lot more to a synthetics protocol…
Some little overview on what was updated or added after I wrote the Blog:
Credit goes to https://twitter.com/r0bster97/ for helping us improving the concept.
Since the beginning of DEUS, I wanted to explore different ways of leveraging the underlying Ethereum in our treasury to farm yield in other protocols as an additional reward for those supporting our ecosystem.
Thanks, TOM TOM TOM
Thanks, Conductor (forever branded)
Thanks, Luis B.
Thank you Cryptosociety
Thank you cartel
Thank you, Crypto Twitter
Thank you Moonboi
Thanks to Matze
Thank you Balduin
Thank you! …
Ok, so here we are again…
For the last time, adjusting the rewards in anticipation of the upcoming Vault launch. One last time, I took the time to calculate the upcoming. rewardsPerBlock it became almost a weekly ritual, time to look back at what we achieved in that almost 3 months now
In the beginning, we planned to mint a total of 166700 DEA every month and keep the rewards stable, but with our vote from the beginning of October, that plan changed. …
After we saw this headline, we at $DEUS decided this is the moment to prove our protocol’s power.
While others are still debating with law regulators if and how possible, we are already launching it!
it's your chief lafayette
We were pretty busy the last few weeks, finished vault designs/back-end so before we start with the information regarding DEA:
VAULTS WILL LAUNCH VERY SOON!
If you don’t know what the vaults are please check that Youtube video on my channel:
Last week I realized in the DEUS price chat that many people still don’t really understand the basic concept of the two different states of DEUS
So I wrote this blog post to clear ALOT on the “mystery” around DEA & the rebase.
the current DEUS Ecosystem called “DEUS-V0.X” (without a stablecoin)
As already announced on 28.10.2020 in the telegram announcement channel
If you haven’t joined in yet, please do so with the following Link to be always up to date at our fast pace.
Due to the current situation with the corona pandemic spreading across the world, possible delays could occur please bear in mind that those are only estimations and real delivery dates could change due to factors out of our control.
Reason for that change:
Before the conductor launch, we will already be starting
to acquire Liquidity by giving away another big chunk of the DEA supply currently inside the…
Please consider this document un-edited and grammatically incorrect.
In only used Grammarly for correcting spelling errors, there will be a professional writer looking over it next week, but until then:
This document purpose is solely to transport information in the best way I am capable.
The most honest answer would be, because we don’t think we are wise enough nor have enough data points to predict the needed Token Supply for DEUS at this time.
DEUS itself is a platform to create “Registrars” that mirror other assets. Anyone will be able to