DEUS updated 2022 Tokenomics
quick rundown on current Tokenomics:
DEI is a fractional stablecoin backed by 20% DEUS.
Creating DEI burns DEUS.
For trading synthetics via the DEUS ETS, you need to collateralize DEI. The best and cheapest way to acquire DEI is by buying DEUS on the market and then using 80% USDC and 20% DEUS to mint DEI.
That is currently being done automatically on the DEUS frontend.
Additionally, any Exchange building on Deus will automatically implement it via the DEUS SDK, burning 20% DEUS in the process.
The current emission is 1500 DEUS per week.
There is currently ~140,000 DEUS in circulation.
Around 100,000 more will emit over the next two years.
The current DEUS Token was migrated from the earlier Tokens DEUSv1&DEA merging both into one DEUS token.
DEUSv1 was fair launch there was no team allocation.
DEA launched similiar to SUSHI, the token was given to LPs and Stakers.
there was a ~10% developer allocation going to the Aragon DAO on ethereum called “DEUS DAO” The DEUS DAO held around ~16700 DEA at that time. After the merge of DEUS&DEA and the downtrend of DEUS the DEUS DAO aquired around 34,000 additional DEUS.
During the move to fantom the community voted to mint another 100,000 DEUS to a multisig to be used to incentivize Bribes, Liquidity provision and ecosystem Grants.
The mint was done here:
Currently being used to incentivize this LQDR pool:
https://ftmscan.com/address/0x90de614815c1e550213974c2f004c5e56c4a4be0#tokentxns
The proposal — the future tokenomics
I am proposing this Blog and this snapshot to create what I want to call the “DEUS Group,” a mastermind group formed by the most significant protocols building on top and around DEUS.
We already did something similar with MUON. We had an Idea we pushed around the limits, integrated it into our ecosystem, and then made it an entire project with developers, marketing teams, and project leads.
The Muon team then gave a small supply to DEUS (sold during the presale).
So now there are projects interested in building on top of DEUS and MUON. They can earn a spot in the DEUS ecosystem by contributing a part of their supply to veDEUS stakers.
They then receive a certain kind of technology, leverage, fee reduction, fast oracle integration, etc.
For example, Brokers & Exchanges that want to be listed on DEUS will need to bribe or acquire veDEUS to get their desired tokens added to the DEUS Exchange Trading System, lending, or collateral system.
This process can be iterated further and further.
Already built:
DEUS
DEI (is establishing its project with a money market on top of it, fees flow to veDEUS)
MUON (already gave a portion of its supply to the DEUS presale)
dSynths (has no token)
Solidly Vision (A Frontend on top of Andre Cronje’s solidly contracts, that we will further improve by Liquid veNFTs that can be borrowed against and leveraged yield for SOLIDEX, OXD, and SOLIDLY.)
Currently in production in cooperation with DEUS & MUON:
SYNC
HedgedPerps
affilio.xyz
MuonSwap
Fractal
Those projects are currently being developed and will potentially have their economy. They will be giving DEUS a share of their economy in fees, revenue, or token allocation given to veDEUS holders.
veDEUS, in cooperation with Muon, will provide them with Infrastructures like Oracles, Bridges, off-chain computation, lending markets, the DEUS Exchange system to provide derivatives of their tokens or any other market needed and ofcourse DEI a native crosschain stablecoin.
Projects can also get themselves Ecosystem grants and MUON or DEUS development resources by joining the ecosystem.
They will give the DEUS DAO a part of their token supply that DEUS will give to veDEUS holders.
DEUS will acquire more and more protocols to connect to DEUS, providing them with infrastructure and resources in return for a part of their economy allocated to veDEUS, similar to how a reserve currency government in an international environment works.
What will come next, and what APY can be expected?
The first new project to launch will be DEI Money Markets.
DEI will enable projects like Liquiddriver to leverage their Staking.
Also, DEI will enable veNFT holders to leverage their voting power or make their veNFT liquid.
With a total supply of 300,000 DEUS and a currently weekly emission of 1000 DEUS, and this newly found project in DEI, we will generate Fees and, through the fees, make it attractive to lock DEUS.
Additionally, on top of investors locking their DEUS into veDEUS
the traders using the DEUS ETS will burn DEUS to mint DEI at 1:1 rates to collateralize their trades (this will be automatically happening in the background.)
The best out of two worlds
Over collateralized DEI minting:
Interesting for Lenders, borrowers, and people interested in leveraging their Spot positions.
Undercollaterlized DEI minting:
perfect for traders and speculators who want to use the DEUS (v3) exchange trading system to get exposure to derivatives.
Traders don’t want to over collateralize their position, e.g., depositing $150 to mint $100 and trade with it. Instead, they want to mint 100 DEI for $100 to trade instantly with all of their capital.
DEUS offers the right minting solution to everyone by introducing the first hybrid mintable stablecoin ecosystem.
In non-specialists’ terms, what this proposal is asking:
Spin-off DEI as a project on https://dei.finance
Hire a new developer team to create the contracts and strategies.
Build a money market on top for others to leverage yield farming, leveraged voting power, and all kind of other leveraged degen strategies the newly hired DEI team will implement.
Send lending fees to veDEUS vault contracts.
Add a non-dilutive aspect to the veDEUS model.
If you lock DEUS into veDEUS for every newly minted DEUS, there will also be 1 DEUS sent to the veDEUS contract.
You are making your stake non-dilutive if you lock.
Give projects the ability to bribe veDEUS stakers, join the DEUS Group, and provide ecosystem partners with benefits like lending, lower trading fees on the DEUS ETS, oracles through muon, and other development resources.
What drives me to further improve on DEUS?
Lowering entry barriers and decentralizing everything to increase evolutionary impact should be the force driving Crypto developers, and so is mine.
Our team works purely on protocols to decrease said entry barriers.
First, we started with decreasing entry barriers for Users that wanted to trade stocks.
With DEUS ETS (v3), we want the market for liquidity providers and financial instruments creators to democratize further. That will enable end-users to trade any financial instrument with any type of leverage from anywhere in the world.
KYC, GEO blocking, and regulations are the most significant entry barrier for those markets.
Why is it like that?
Because governments are not pure evolution, they cant be.
Evolution is a fundamental force. It can only exist if there is proper natural selection.
The best Project will ultimately win in a free market.
Natural selection is a spectrum, and governments reduce its impact by interfering.
We need to take ALL power from governments and give it to the people; it’s the only way to ensure the fundamental natural force (something like gravity just beyond time and space) called “evolution” has the full-blown impact it could have.
Create a sustainable, self-evolving, and improving ecosystem around DEUS by lowering its and the entry barriers of everyone interacting with it and pushing its impact to affect anything in our lives.
