1671242017
In this article, we'll discuss information about the Astrolab project and ASL token. What is Astrolab (ASL) | What is Astrolab token | What is ASL token?
What is Astrolab Finance ?
Astrolab Finance is an omni-chain yield aggregator allowing users to deposit assets in pools located on multiple chains with just one click. Bridging, routing and compounding is done automatically. Astrolab lets users allocate their capital both safely and efficiently in a challenging multi-chain DeFi environment.
Astrolab leverages state-of-the-art cross-chain messaging technologies, allowing for communication between DeFi protocols on independent blockchains. As everything is done on-chain in a decentralized way, users always stay in full control of their capital. Deposits and withdrawals can be carried out at any time, in a permissionless and trustless manner.
Composability is one of the best features of DeFi, and Astrolab is being built with the long-term vision of fully merging with the EVM ecosystem. Users should, for example, be able to use their deposited capital as collateral to contract loans or to leverage their deposits even further. Astrolab sits at the start of your DeFi strategy, not the end.
These features will be supported by innovative tokenomics creating a positive feedback loop, also known as the ‘flywheel effect’.
Astrolab's Crates
Crates are the main product of Astrolab. They correspond to multichain, multipool vaults allocating assets across EVM chains. They are composed of different underlying assets, such as USDC, ETH, FRAX, and have different risk profiles, thereby allowing users to optimize their risk exposure.
After users have deposited their assets, they receive a proportional amount of Crate tokens. These serve as proof-of-deposit and can be redeemed at any time for their underlying value. Crate tokens follow the ERC-4626 standard, and can therefore be used as collateral in other DeFi protocols by users seeking to improve capital efficiency.
What is $ASL?
$ASL is the governance token for Astrolab Finance. The token is used to secure the protocol, distribute its revenue to holders and ensure the safety of the staked capital.
By staking $ASL, users can insure Crates while simultaneously earning a share of the protocol fees. If an insured Crate was to become exposed to an unexpected loss of funds, a share of staked $ASL would be set aside to compensate for the loss.
Earnings would start flowing to the affected crate, and as soon as the loss has been fully compensated, or after a certain amount of time has passed, locked $ASL would then be returned to holders.
This mechanism creates a snowball effect, where $ASL holders help improve the safety of the protocol, while users get costless insurance and a lower risk profile for their investment, attracting more liquidity.
Astrolab strongly believes that good governance comes with skin in the game and should align with the protocol's values - profitability and safety.
The $ASL token
The $ASL token is used to secure the protocol, distribute its revenue to holders and ensure the safety of the staked capital. The $ASL token enables holders to influence the protocol’s development through governance votes and discussions. Safety is a core value for Astrolab, and the tokenomics are designed to foster a safe and profitable evolution for the protocol.
The $ASL utility is threefold:
The $ASL token is allocated the following way:
46% IFO & veToken acquisition (presale, OTC deals...)19% Private investors18% Treasury15% Astrolab team2% Advisors
Governance
This section is a work in progress and will be updated before mainnet launch.
Formal discussions about the protocol's current state, development decisions and future strategy are held on https://commonwealth.im/.
Fees
Astrolab draws revenue from fees and kickbacks from bridges. Revenue is allocated between insurance staking and PCV accumulation ($AURA, for instance), and the ratio is determined through governance voting.
The fee range is 5-22% for performance fees and 0-2% for management fees. They are decided per Crate basis, depending on risk profile, profitability and the amount of maintenance needed.
Astrolab's goal is to find a balance between profitability for the depositors, competitiveness, and revenue for the protocol. Here is a modelization of Astrolab's revenue, depending on the fee structure:
Flywheel tokenomics
Flywheel tokenomics is the result of a positive feedback loop between TVL, token price and protocol revenue. To illustrate, increasing TVL increases protocol revenue, which in turn further increases TVL. This positive feedback loop aligns the incentives between depositors, $ASL holders and stakers to ensure the protocol’s success.
Astrolab's Crates are tokenized, meaning that deposits into Crates are represented by tokens that can be traded in liquidity pools or used as collateral for loans. Our goal is to provide deep liquidity for Crates as this improves the general user experience and opens the door for further ecosystem integrations.
Such integrations are harder to replicate by competitors and provide protection against "vampire attacks" where another protocol launches a similar product subsidized by their governance tokens.
Astrolab plans to take advantage of Aura and its control over Balancer's $BAL emissions.
Balancer is a DEX that incentivizes liquidity providers with their governance token $BAL. Holders of $BAL can lock their tokens and receive vote-escrowed BAL (veBAL) in exchange, which has voting power. This voting power is used to allocate the $BAL emissions to specific liquidity pools on the DEX, creating a circular effect.
Aura is a metagovernance layer for Balancer, that has acquired and locked a large amount of $BAL tokens. Their native token $AURA can also be locked and then used as a proxy to direct veBAL voting power. In essence, Aura buys $BAL and then $AURA can be used as ‘leveraged voting’ to redirect $BAL emissions.
As a result, it is currently much more profitable to vote using $AURA than $BAL tokens, as $1 worth of $AURA controls $1.42 of BAL tokens, increasing over time as the protocol accumulates more BAL. Astrolab plans to acquire as much $AURA as possible and use it to direct emissions to our various liquidity pools, including pools featuring crate tokens.
A StablecoinCrate-USDC 80%/20% pool, incentivized with 10% APR paid out in $BAL could be very profitable. Assuming that the Crate itself offers an APR of 10%, Astrolab's users would earn a total of 18% by providing liquidity to this pool. 10% paid in $BAL and an additional 8% from holding the Crate tokens.
The high yield on the BAL pool would incentivize deposits and minting of Crate tokens, further growing Astrolab's TVL, and therefore increasing the amount of performance fees earned.
A share of those performance fees can be directed to accumulate $AURA to boost the liquidity yield. As Astrolab’s TVL grows, the protocol can acquire more and more $AURA. The circle of voting with Aura to acquire more Aura sits at the core of Astrolab's flywheel tokenomics.
Those mechanisms require accumulating $Aura early in $Astrolab's life, to then kickstart the positive feedback loop between TVL and APR increases.
An initial treasury of $AURA will be acquired during the public sale of the $ASL token.
Subsequently, an Initial Farming Offer (IFO) will be conducted in which users can stake their assets (e.g. $USDC) and earn $ASL in exchange for their Crate yield, which in turn is used to acquire more $AURA. It is important to note that this farming opportunity is lossless because Astrolab only acquires $AURA using yield from the staked assets, therefore allowing users to withdraw 100% of their deposits at any time.
The mechanism offers the following advantages:
To improve the speed of the accumulation, assets from users can be deposited into Astrolab's crates, then added to Astrolab's metapools, and stacked into Aura, for maximum yield generation and optimal asset recovery.
The following options may be considered to favorably align incentives:
How and Where to Buy token?
You will have to first buy one of the major cryptocurrencies, usually Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase token from the exchange.
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
#bitcoin #cryptocurrency #token #coin
1658068560
WordsCounted
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
["Bayrūt"]
and not ["Bayr", "ū", "t"]
, for example.Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count
and .from_file
are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter
initialized with the tokens. The WordsCounted::Tokeniser
and WordsCounted::Counter
classes can be used alone, however.
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude
and regexp
. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count
.
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
The WordsCounted::Counter
class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision
argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
You can exclude anything you want from the input by passing the exclude
option. The exclude option accepts a variety of filters and is extremely flexible.
:odd?
.tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Use the from_file
method to open files. from_file
accepts the same options as .count
. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you
and you
are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
The program will normalise (downcase) all incoming strings for consistency and filters.
def self.from_url
# open url and send string here after removing html
end
Are you using WordsCounted to do something interesting? Please tell me about it.
Visit this website for one example of what you can do with WordsCounted.
Contributors
See contributors.
git checkout -b my-new-feature
)git commit -am 'Add some feature'
)git push origin my-new-feature
)Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted
License: MIT license
1659601560
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
Are you using WordsCounted to do something interesting? Please tell me about it.
Visit this website for one example of what you can do with WordsCounted.
["Bayrūt"]
and not ["Bayr", "ū", "t"]
, for example.Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count
and .from_file
are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter
initialized with the tokens. The WordsCounted::Tokeniser
and WordsCounted::Counter
classes can be used alone, however.
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude
and regexp
. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count
.
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
The WordsCounted::Counter
class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision
argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
You can exclude anything you want from the input by passing the exclude
option. The exclude option accepts a variety of filters and is extremely flexible.
:odd?
.tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Use the from_file
method to open files. from_file
accepts the same options as .count
. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you
and you
are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
The program will normalise (downcase) all incoming strings for consistency and filters.
def self.from_url
# open url and send string here after removing html
end
See contributors.
git checkout -b my-new-feature
)git commit -am 'Add some feature'
)git push origin my-new-feature
)Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license
#ruby #ruby-on-rails
1622197808
SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.
A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.
Read More @ https://bit.ly/3oFbJoJ
#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token
1671242017
In this article, we'll discuss information about the Astrolab project and ASL token. What is Astrolab (ASL) | What is Astrolab token | What is ASL token?
What is Astrolab Finance ?
Astrolab Finance is an omni-chain yield aggregator allowing users to deposit assets in pools located on multiple chains with just one click. Bridging, routing and compounding is done automatically. Astrolab lets users allocate their capital both safely and efficiently in a challenging multi-chain DeFi environment.
Astrolab leverages state-of-the-art cross-chain messaging technologies, allowing for communication between DeFi protocols on independent blockchains. As everything is done on-chain in a decentralized way, users always stay in full control of their capital. Deposits and withdrawals can be carried out at any time, in a permissionless and trustless manner.
Composability is one of the best features of DeFi, and Astrolab is being built with the long-term vision of fully merging with the EVM ecosystem. Users should, for example, be able to use their deposited capital as collateral to contract loans or to leverage their deposits even further. Astrolab sits at the start of your DeFi strategy, not the end.
These features will be supported by innovative tokenomics creating a positive feedback loop, also known as the ‘flywheel effect’.
Astrolab's Crates
Crates are the main product of Astrolab. They correspond to multichain, multipool vaults allocating assets across EVM chains. They are composed of different underlying assets, such as USDC, ETH, FRAX, and have different risk profiles, thereby allowing users to optimize their risk exposure.
After users have deposited their assets, they receive a proportional amount of Crate tokens. These serve as proof-of-deposit and can be redeemed at any time for their underlying value. Crate tokens follow the ERC-4626 standard, and can therefore be used as collateral in other DeFi protocols by users seeking to improve capital efficiency.
What is $ASL?
$ASL is the governance token for Astrolab Finance. The token is used to secure the protocol, distribute its revenue to holders and ensure the safety of the staked capital.
By staking $ASL, users can insure Crates while simultaneously earning a share of the protocol fees. If an insured Crate was to become exposed to an unexpected loss of funds, a share of staked $ASL would be set aside to compensate for the loss.
Earnings would start flowing to the affected crate, and as soon as the loss has been fully compensated, or after a certain amount of time has passed, locked $ASL would then be returned to holders.
This mechanism creates a snowball effect, where $ASL holders help improve the safety of the protocol, while users get costless insurance and a lower risk profile for their investment, attracting more liquidity.
Astrolab strongly believes that good governance comes with skin in the game and should align with the protocol's values - profitability and safety.
The $ASL token
The $ASL token is used to secure the protocol, distribute its revenue to holders and ensure the safety of the staked capital. The $ASL token enables holders to influence the protocol’s development through governance votes and discussions. Safety is a core value for Astrolab, and the tokenomics are designed to foster a safe and profitable evolution for the protocol.
The $ASL utility is threefold:
The $ASL token is allocated the following way:
46% IFO & veToken acquisition (presale, OTC deals...)19% Private investors18% Treasury15% Astrolab team2% Advisors
Governance
This section is a work in progress and will be updated before mainnet launch.
Formal discussions about the protocol's current state, development decisions and future strategy are held on https://commonwealth.im/.
Fees
Astrolab draws revenue from fees and kickbacks from bridges. Revenue is allocated between insurance staking and PCV accumulation ($AURA, for instance), and the ratio is determined through governance voting.
The fee range is 5-22% for performance fees and 0-2% for management fees. They are decided per Crate basis, depending on risk profile, profitability and the amount of maintenance needed.
Astrolab's goal is to find a balance between profitability for the depositors, competitiveness, and revenue for the protocol. Here is a modelization of Astrolab's revenue, depending on the fee structure:
Flywheel tokenomics
Flywheel tokenomics is the result of a positive feedback loop between TVL, token price and protocol revenue. To illustrate, increasing TVL increases protocol revenue, which in turn further increases TVL. This positive feedback loop aligns the incentives between depositors, $ASL holders and stakers to ensure the protocol’s success.
Astrolab's Crates are tokenized, meaning that deposits into Crates are represented by tokens that can be traded in liquidity pools or used as collateral for loans. Our goal is to provide deep liquidity for Crates as this improves the general user experience and opens the door for further ecosystem integrations.
Such integrations are harder to replicate by competitors and provide protection against "vampire attacks" where another protocol launches a similar product subsidized by their governance tokens.
Astrolab plans to take advantage of Aura and its control over Balancer's $BAL emissions.
Balancer is a DEX that incentivizes liquidity providers with their governance token $BAL. Holders of $BAL can lock their tokens and receive vote-escrowed BAL (veBAL) in exchange, which has voting power. This voting power is used to allocate the $BAL emissions to specific liquidity pools on the DEX, creating a circular effect.
Aura is a metagovernance layer for Balancer, that has acquired and locked a large amount of $BAL tokens. Their native token $AURA can also be locked and then used as a proxy to direct veBAL voting power. In essence, Aura buys $BAL and then $AURA can be used as ‘leveraged voting’ to redirect $BAL emissions.
As a result, it is currently much more profitable to vote using $AURA than $BAL tokens, as $1 worth of $AURA controls $1.42 of BAL tokens, increasing over time as the protocol accumulates more BAL. Astrolab plans to acquire as much $AURA as possible and use it to direct emissions to our various liquidity pools, including pools featuring crate tokens.
A StablecoinCrate-USDC 80%/20% pool, incentivized with 10% APR paid out in $BAL could be very profitable. Assuming that the Crate itself offers an APR of 10%, Astrolab's users would earn a total of 18% by providing liquidity to this pool. 10% paid in $BAL and an additional 8% from holding the Crate tokens.
The high yield on the BAL pool would incentivize deposits and minting of Crate tokens, further growing Astrolab's TVL, and therefore increasing the amount of performance fees earned.
A share of those performance fees can be directed to accumulate $AURA to boost the liquidity yield. As Astrolab’s TVL grows, the protocol can acquire more and more $AURA. The circle of voting with Aura to acquire more Aura sits at the core of Astrolab's flywheel tokenomics.
Those mechanisms require accumulating $Aura early in $Astrolab's life, to then kickstart the positive feedback loop between TVL and APR increases.
An initial treasury of $AURA will be acquired during the public sale of the $ASL token.
Subsequently, an Initial Farming Offer (IFO) will be conducted in which users can stake their assets (e.g. $USDC) and earn $ASL in exchange for their Crate yield, which in turn is used to acquire more $AURA. It is important to note that this farming opportunity is lossless because Astrolab only acquires $AURA using yield from the staked assets, therefore allowing users to withdraw 100% of their deposits at any time.
The mechanism offers the following advantages:
To improve the speed of the accumulation, assets from users can be deposited into Astrolab's crates, then added to Astrolab's metapools, and stacked into Aura, for maximum yield generation and optimal asset recovery.
The following options may be considered to favorably align incentives:
How and Where to Buy token?
You will have to first buy one of the major cryptocurrencies, usually Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase token from the exchange.
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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