#dVest #dDEXX #CPI and #CPIndex
What is the dVest Labs DAO?
dVest Labs is a decentralized autonomous organization (DAO) operated by its community and developers. All decisions are handled by public vote, and all operations, finances, investments, holdings, and decision making are 100% transparent, blockchain verifiable, and fully decentralized.
The dVest Labs DAO holds positions (up to 49%) in the DAOs of it’s creations, joint ventures, and offshoot projects in the dVest Ecosystem
What is a DAO?
A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members.
Introducing dVest Labs, the dVest DAO, and more!
What is dVest Labs and Where Did the dVest Concept Come From?
dVest (short for Decentralized Investing, duh!) was initially started as an idea between some of the people working on the marketing and development teams behind the Crypto Price Index project. It began as a side project, developing a protocol called DeFiVest for DeFi borrowing and lending that is chain-agnostic and can handle ERC20 assets, BEP20 assets, and any other compatible asset. Eventually this exploded in to multiple development projects, across multiple teams, at which point the team behind CPI decided to “acquire” the project, adopt the branding and development teams, and spin everything into fully democratized decentralized autonomous organizations (DAO).
Our Projects & Ventures
This organizational restructuring results in the following projects within the ‘dVest Ecosystem’
dVest Labs — The central DAO that handles development, marketing, and management of all the dVest and related projects, partnerships, and products. The dVest LAbs DAO is a decentralized autonomous organization (DAO), operated by its community and developers. All decisions are handled by public vote, and all operations, finances, investments, holdings, and decision making are 100% transparent, blockchain verifiable, and fully decentralized. For ancillary projects that have their own DAOs, dVest Labs holds up to 49% of those dDAO tokens and voting rights. Anyone can join dVest Labs and purchase dDAO tokens to become a member, having voting rights, and have a say in the direction of the organization.
dDEXX.io — The dVest Labs automated market maker (AMM) based decentralized exchange (DEX) on both Ethereum and Binance Smart Chain networks, with Polygon support coming soon as well. dDEXX features easy and fast exchange functionality, profitable liquidity pools, and high APR yield farms, where users can earn dDEXX tokens, fees from exchange transactions, and much more.
dVest.io — The dVest centralized cryptocurrency exchange (CEX). dVest CEX users can trade all popular cryptocurrencies include BTC, ETH, DVEST, CPI, LTC, UNI, DOGE, ADA, XRP, DOT, BCH, LINK, XLM, TRX, XMR, XTZ, and many more.
Crypto Price Index — the very first token ecosystem of its kind, which provides options for users to gain broad exposure to the cryptocurrency market through our ‘CPIx’ tokens. Unlike other indices of its kind, CPIx tokens are novel in their approach of showing token holders a diversified range of assets across a cross-section of the cryptocurrency markets. The CPI (CPI) flagship tokens are a governance token, used to represent an interest in the health of the CPIx token ecosystem. CPIx tokens are backed by component assets, held via an escrow smart contract, and each CPIx token holds the underlying assets which can be redeemed at anytime without third party involvement.
DeFiVest [COMING SOON] — a non-custodial decentralized finance liquidity protocol for borrowing and lending of tokenized assets and earning interest on deposits.
OPTIONZ [COMING SOON] — a DeFi options platform allowing anyone to buy or sell options for any token, provide liquidity to any options market, and track/withdraw yield at any time.
dSurance [COMING SOON] — a decentralized insurance protocol covering common risks for crypto asset management, treasuries, and other use cases. dSurance enables nearly instant liquidity to insurance buyers and risk underwriters, ensures constant collateralization, and guarantees transparency through an unbiased claims process.
Tokens
Additionally, the following tokens play important roles within the ‘dVest Ecosystem’:
dVestDAO (dDAO) tokens are the governance tokens for dVest Labs and its holdings. dDAO holders vote on the direction of the organization and how funds are to be spent, and funds can only be spent with a majority vote. dDAO holders share in the profits generated by dDAO holdings and investments.
dVest Labs (dLABS) tokens are the governance tokens for the dVest Labs Venture Fund. All proceeds from purchases of dLABS tokens go directly into the dVest Labs venture fund, where dLABS holders vote on which ventures should be approved, and funds can only be spent with a majority vote. All funds, distributions, investments, assets, holdings, and decision making are 100% decentralized, public, and blockchain verifiable. dLABS holders share in the profits generated by dLABS investments.
dDEXX (DDEXX) tokens are the reward token paid to users who provide liquidity and use the farms/pools on dDEXX, the dVest decentralized exchange (DEX).
CPI (CPI) tokens are a governance token, used to represent an interest in the health of the CPIX token ecosystem.
CPIx (CPIx) tokens are backed by component assets, held via an escrow smart contract. In order to mint CPIx tokens, componement assets must be deposited to the balancer pool. Users can mint CPIx Tokens by depositing token assets, such as ETH or wrapped BTC. In order to redeem tokens, users can redeposit their CPIx back to the smart contract,
simultaneously receiving their underlying assets and burning the CPIx specific to that contract, e.g. CPI5. The token will then self balance.
dVest (DVEST) tokens are the governance token for the dVest CEX and related projects.
DeFi Options & Yield Farming
Buy or sell options for any token, provide liquidity to any options market, and track/withdraw yield at any time.
Until now, true liquid DeFi options contracts were a thing of theory, something people discussed and had great ideas for, but couldn’t properly execute. Not anymore, though.
Liquidity Mining and Yield Farming with dDEXX
What is liquidity mining?
Liquidity mining is a DeFi (decentralized finance) mechanism in which participants supply cryptocurrencies into liquidity pools, and are rewarded with fees and tokens based on their share of the total pool liquidity. This focuses on incentivizing the injection of liquidity in the protocol in exchange for distributing among users a series of tokens that give access to the governance of the project and that can also be exchanged for better rewards or other cryptocurrencies.
These tokens may or may not give voting power within the protocol. Besides, they regularly offer access to interest or rewards that are paid regularly to their holders. In this way, the more money they block on the platform, the more tokens they receive and the more rewards they obtain, thereby making higher profits.
What is yield farming?
Yield farming is the practice of staking or lending crypto assets to generate high returns or rewards in the form of additional cryptocurrency. In short, yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract-based liquidity pool. These incentives can be a percentage of transaction fees, interest from lenders or a governance token (see liquidity mining). These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns rise in value.
At its core, yield farming is a process that allows cryptocurrency holders to lock up their holdings, which in turn provides them with rewards. More specifically, it’s a process that lets you earn either fixed or variable interest by investing crypto in a DeFi market.
Simply put, yield farming involves lending cryptocurrency via the Ethereum or Binance Smart Chain networks. When loans are made via banks using fiat money, the amount lent out is paid back with interest. With yield farming, the concept is the same: a cryptocurrency that would otherwise be sitting in an exchange or a wallet is lent out via DeFi protocols (or locked into smart contracts, in Ethereum terms) to get a return.
What are liquidity pools?
Liquidity pools are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by DEXes (Decentralized Exchanges).
How do liquidity pools work?
Liquidity pools use algorithms called Automated Market Makers (AMM) to provide constant liquidity for trading.
A single liquidity pool holds a pair of tokens and each pool creates a new market for that particular pair of tokens. The first depositor to the pool or liquidity provider sets the initial price of assets in the pool. Liquidity providers are incentivized to supply an equal value of both tokens to the pool. They receive special tokens called LP tokens in proportion to their contribution to the pool. When a trade occurs, a 0.3% fee is collected and distributed proportionally to all LP token holders.
When a token swap occurs through a pool, the supply of an asset decreases while that of the other increases. Therefore, price changes occur that are adjusted by an algorithm called an automated market maker (AMM). This is the time where liquidity pools play their best role as they do not need a professional, centralized market maker to manage the prices of assets. Liquidity providers simply deposit their assets into the pool and the smart contract takes care of the pricing.
How to Use Yield Farms
Yield Farming is a great way to earn dDEXX rewards on dDEXX.
Farms require you to stake two tokens to get LP Tokens, which you then stake in the Farm to earn rewards. This lets you earn dDEXX while still keeping a position in your other tokens!
Yield farming comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.
Check out this great article about Impermanent Loss from Binance Academy to learn more.
Getting prepared
Yield farming takes a little work to get set up.
You’re going to need some “LP Tokens” to enter into a Farm with. Farms can only accept their own exact LP Token; for example, the dDEXX-BNB Farm will only accept dDEXX-BNB LP Tokens. To get the exact LP Token, you’ll need to provide liquidity for that trading pair. So to get dDEXX-BNB LP Tokens, you’ll first have to provide liquidity for the dDEXX-BNB pair.
It may sound intimidating, but it’s not too complicated. Let’s go through step by step.
Finding your Farm
Before you proceed, you’ll want to choose a Farm that’s right for you. Visit the Farms page and you’ll see a list of available Farms.
When you find a Farm that you’d like to use, note down the trading pair, e.g. dDEXX-BNB in case you need it later.
How Does it Work?
Create Options Markets
Add any compatible token to the options market and set the first price. Earn rewards for every trade of that token for one year.
Buy & Sell Options
Set your own fees and sell options by providing the underlying token to the options market contract.
Earn Tokens
Earn tokens for buying, selling or providing liquidity in options markets. Claim, HODL or compound.
Conclusion
dVest Labs is making likely the most creative exercises in the DeFi space. As this space creates and ends up being more norm, dVest and it’s connected undertakings will be especially arranged to enhance their idle limit.
Website : https://dvest.org/
Twitter : https://twitter.com/dvestproject
Medium : https://medium.com/@dvestlabs
YouTube : https://www.youtube.com/channel/UCLnrGT2xZCwpoCzMfon_mAQ
Discord : https://discord.gg/56ESaPCdpx
Telegram : https://t.me/defivest
Author : zorzia
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2283026
BSC Address/BEP 20 Address : 0xBBE79c7dcEca5C7Fecb7adb6CB946F70fF936B7a