VALUES

 

Values ​​is a fork of OlympusDAO with turn applied for NFT space in Polygon Network

Blockchain is a decentralized ledger. It is a network of computers that keeps identical copies of databases and converts their states (records) to general conformity based on pure mathematics. All this means that no central server or any entity we trust (e.g. central bank, notary, bank, Paypal, etc.) is required. Blockchain is the technological foundation for all cryptocurrencies, be it Bitcoin, Ethereum, Hyperledger, etc.

A smart contract is an important part of the blockchain, that is, a piece of code that is stored in the blockchain network (in the database of each participant). It basically establishes the conditions under which all parties benefit from the contract. Therefore, if the necessary conditions are met, certain actions are performed. Since smart contracts are stored on all the computers on the network, everyone should run them and get the same results. This way, the user can be sure that the results are correct.

How does it work?

At a high level, Value consists of a protocol-managed treasury, protocol-held liquidity (POL), bond mechanisms, and wagering rewards designed to control supply expansion.

The sale of bonds generates profits for the protocol, and the treasury uses those profits to print $VALUES and distribute them to stakeholders. With liquidity bonds, the protocol can accumulate its own liquidity. See the entry below on the importance of POL.

Our goal is to create a fully decentralized system to control $VALUES tokens without using any central regulatory control. In the long term we believe that such a system can be used to optimize stability and consistency so that $VALUES can become a global unit of account in a decentralized metaverse, however, our current focus is on growth and wealth creation.

What are the values?

Values ​​is the Metaverse Backup Protocol on the Polygon network based on the $VALUES token. Each $VALUES token is backed by a basket of assets (e.g. MAI, FRAX) in the Value vault, which gives it an intrinsic value that cannot fall below it. The Values ​​Protocol provides the possibility to support NFT tokens to the state treasury. Value brings economic and theoretical dynamics to the market for gaming through betting and bonding.

The values ​​are in part a fork to OlympusDAO with its own twist applied to NFT Bonding for the metaverse space and based on the Polygon network.

What do values ​​mean?

Our goal is to build a policy-driven liquidity system for the NFT metaverse space where the behavior of the $VALUES token is strictly controlled by the DAO. We believe that in the long term, this system can be used to optimize stability and consistency so that $VALUES can function as a global unit of account and currency as a medium of exchange in a decentralized metaverse. In the short term, we intend to optimize the system for growth and wealth creation.

How can I participate in the Values ​​program?

There are two main strategies for market participants: staking and bonding. Stakers stake their $VALUES tokens in exchange for more $VALUES tokens, while obligors provide LP or MAI tokens in exchange for discounted $VALUES tokens after a predetermined vesting period.

How can I use Value?

The main benefit for players is an increase in supply. ValuesDAO acquires new $VALUES tokens from the treasury, most of which are distributed to bettors thanks to the $VALUES tokens on offer. So the profit for bettors will come from their automatic aggregate balance, although price exposure remains an important factor. That is, if the increase in the token balance exceeds the potential drop in price (due to inflation), the bettor will make a profit.

The main benefit of adhesives is price consistency. The obligator provides capital up front and promises a stable return over time; This return is expressed in $VALUE, and therefore the required return will depend on the $VALUE price when the bond matures. The obligor benefits from the increase or static price of the USD VALUE.


Who creates those values?

Values ​​is an offshoot of OlympusDAO with a twist applied to the NFT space on the Polygon network that will help other projects build a decentralized metaverse. Our core team combines expertise in computer science, cryptography, economics and design. Years of experience in crypto followed. We prefer to remain anonymous for the success of this project as our goal is to become a Decentralized Autonomous Organization.

Who drives Value?

Currently, most decisions are made by the main team, but we hope to see that with your help we can turn it into a DAO managed model as soon as possible!

What is a bet?

Staking is a fundamental strategy for accumulating value in Value. Stakers place their $VALUES on the Values ​​site to earn rebase rewards. Rebase rewards come from the proceeds of bond sales and may vary depending on the amount of $VALUES wagered in the protocol and the rate of return set by monetary policy.

Staking is a passive long term strategy. The increase in the $VALUES rate translates to a cost base that continues to fall, close to zero. This means that even if the market price of VALUE IN USD falls below the initial purchase price, with a sufficiently long betting period, the increase in the VALUE IN USD balance will eventually outweigh the decline in price.

When you bet, you block $VALUES and receive the same amount of sVALUES. Your sVALUES balance is updated automatically at the end of each age. sVALUES is portable and therefore built with other DeFi protocols.

When you violate, you burn VALUE and get the same amount of VALUE. Unloading means the user will lose the incoming rebase reward. Please note that lost prizes only apply to unspent amounts; The remaining VALUES (if any) will continue to receive rebase rewards.


Who creates those values?

Values ​​is a fork of OlympusDAO which in turn applies to the NFT space on the Polygon network which will help with various tasks of building a decentralized metaverse. Thecenter Group has a consolidated commitment to software engineering, cryptography, economics, and planning. Then there is the long period of crypto engagement. They like to remain mysterious for the achievement of this task because our goal has grown to be a Decentralized Autonomous Organization.

Values ​​intends to solve this problem by earning free floating money in the store, $VALUES, backed by a resource basket. By focusing on expanding supply rather than forecasting appreciation, Values ​​believes that $VALUES can act as cash to maintain its purchasing power regardless of uncertainty.

Who drives Value?

Currently, most of the choices are made by the central group, but the team hopes to have the ability to quickly convert it to a DAO managed model with the value of your help into the Metaverse fallback protocol. Right now they will focus on development. By joining NFT and preserving the values ​​of the framework, these values ​​can become OHM's main branch for NFT loyalty.

For more information:

 

  • Website: https://values.finance/
  • Documents: https://docs.values.finance/
  • Twitter: https://twitter.com/ValuesDAO
  • Dispute: https://discord.gg/xdNKGffeY2
  • by Campurejoh 
  • link https://bitcointalk.org/index.php?action=profile;u=3166183

 

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