DEUS improvement Proposal — 3

The too long didn’t read of this proposal:

  • Implement a fractional Reserve Stablecoin, like Frax called “DEI.”
  • Pair all Synthetics with that Stablecoin.
  • Use all DAI currently sitting in the Synchronizers to mint DEI.
  • Incentivize trading and counter trading with DEA, this increases capital efficiency in DEUS, over collateral rates could be decreased to 200%.
  • Trading positions would be automatically counter traded by vault stakers. That creates a “front run” of vaults feeling for Manual counter traders that wanna max out their APY.

Benefits for the DEUS ecosystem and Token holder

Todos:

DEUS V1.2 — Stablecoin

  1. Fork Frax, add Muon-based Oracle technology.
  2. Install AMOs to unbreakable peg DEI prices to 1$
  3. Incentivize DEI / DEA + DEI / DAI pools
  4. Keep the Balancer Pool as an Exit for old Vault Stakers and to keep the UniSwap pools flourishing, incentivize BalancerPool stakers.

-> release it as DEUS V1.2 with a big Staking event like in the early days of DEUS.

(time estimate of this will follow after proposal reaches quorum)

DEUS V1.3 — AccountManager Countertrading

  1. Develop AccountManager.sol that implements the CounterTrading positions pairs.
  2. Swap all Vault Holdings to DEI
  3. Create an automatic CounterTrade Keeper on Muon that will countertrade the position of every Trader after 5 minutes.
  4. Create the Liquidator Keepers that liquidate positions after assets move 90% into one direction, and the Trader didnt add additional collateral. (called maintenance margin)
  5. Ease out the Staking Process, by now only accepting DAI/DEI. (DEA gets burned in the process).
  6. Remove Balancer pools. Only introduce an sDEA / DEA pool.

-> release it as DEUS V1.3( From this moment, capital efficiency is several orders of magnitudes better, and APY will get another significant increase, decrease Inflationary rewards from here on.)

DEUS V1.4 — Leverage

  • Implement Leveraged positions.

DEUS V1.5 — Referral

  • Create a referral system that enables users to invite others into the platform. (1 Month)

DEUS v2.0–3rd Party Contractors

  • Work on DEUS v2 as described in the Documentation and implement 3rd party contractors (vaults)

--

--

--

DAO member of DEUS Finance @lafayettetabor in telegram.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

SEC Delays Big Bitcoin ETF + Bancor Links EOS and Ethereum

Dogecoin becomes the 7th cryptocurrency accepted on Coinbase Commerce

Originally published on Instagram

3 Cryptocurrencies to Invest in 2022 — Ethereum, Filecoin, Terra

What Is Mexc Exchange (MXC)? How To Use Mexc Exchange For Avalanche User

AERGO — The very first step of applicable blockchain?

DeFi Daily News,January 25th, 2021

How Hedera calculates the HBAR / USD exchange rate for SDKs and applications

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Lafayette Tabor @ DEUS

Lafayette Tabor @ DEUS

DAO member of DEUS Finance @lafayettetabor in telegram.

More from Medium

SCREAM 2 — the next chapter (Part I)

SpiritSwap partners with KekTools for integration of interactive multi pair charts

Pendle in Wonderland

CRE8R DAO 2.0 [GOD MODE]