DEUS Transparency Report, DEUS Ecosystem Fund.
We had a lot of Questions about the Circulating, total Supply, Treasury amounts etc.
This Blog Series should clear all questions about the current DEUS emissions and incentives and the current holdings of the DEUS Ecosystem Fund.
rest is distributed among AMOs (arbitrage bots)
Liquidity on MEXC + other small dev wallets.
Current DEUS Token Stats:
weekly emission at LQDR 750 DEUS per week.
Bribes at Beets currently around ~750 DEUS
The DEUS Ecosystem fund was being created alongside the vote to cap the total Supply of DEUS to 300,000
Ecosystem funds should be used to incentivize and Bootstrap Liquidity and help to grow our ecosystem on Fantom .
Quote from the Proposal:
As already voted on in the telegram, I propose implementing a vested DEUS (veDEUS) that will be used for governance and improve the DEUS tokenomics by taking DEUS out of the circulating supply.
A more detailed description of the upcoming plans for veDEUS is planned. In addition, a blog on how future emissions can be cut will be written after we are finished with all the formalities for the fantom launch.
Intdoduce a total supply given out to Liquidity and Staking incentives at 300k DEUS total.
So we will be minting around 100k more DEUS that will be used to incentivize staking, bribe protocols, etc.
Also, we can burn outstanding DEUS if we don’t need it anymore.
We will also vote on which pools we should incentivize and how much.
For now, we will be incentivizing Liquiddriver bribes.
The period and how we use the DEUS emission will be voted via gauges, similar to how Curve is doing it.
The proposal hit quorum and we minted the 100,000 DEUS to the Multisig Wallet.
Being held in the official DEUS DAO Multisig:
Part of the DEUS in here also belongs to the DEUS DAO itself, and is not part of the 100,000 DEUS mint.
The 100,000 DEUS is currently being used for:
Those DEUS never came into circulation, as they have been burnt to mint DEI via the DEIStaticSalePrice Contract.
A total of 33,773 DEUS was burnt in the process.
50% (17,000 DEUS) was sponsored by DEUS DAO holdings.
LQDR Bribes. No tx’s yet
Beets Fi Bribes. No tx’s yet
From 100,000 DEUS that have been minted before we deployed to Fantom.
A total of 26773.87988 DEUS has been used to incentivize the growth of DEUS and DEI in the last 2 Months.
Most of those DEUS have been burnt in the DEIStaticSalePrice contract minting DEI.
A total of 40412.76729 DEUS has been burnt minting ~ 35M DEI, at an average price of 180$ per DEUS.
Link to the contract:
The DEIStaticSalePrice contract helps to bootstrap DEI Liquidity by offering a zero slippage mint from USDC to DEI.
The Ecosystem Incentives Fund has to the current date 73226.12012 DEUS left, at a current value of $ 24,464,114.47.
The veDEUS governance decides what happens with those funds, if any community member wants to cut emissions or stop incentivizing bribes he should create a proposal at snapshot.org/#/dea.eth/ and get his voice heard.
Decentralizing the Ecosystem fund to Dos:
Create a direct interface for veDEUS holders to move the DEUS Ecosystem funds directly via onchain governance.
The upcoming Transparency report will be about AMOs that are being used to peg DEI, and help DEUS prices to be aligned on all DEXs, how they are funded and how they influence the DEUS circulating supply. I will also give an insight on the DEI USDC backing with the newly added Lending feature, and where you can check for the USDC balances.