What is Narwhale.finance (NAWA) |  What is Narwhale token | What is NAWA token

Narwhale.finance aims to provide yield farming opportunities for algorithmic stablecoins, as well as non USD stablecoins like EURS or sEUR, a niche that has recently taken DeFi by storm.

Our initial attention was funneled to non USD stablecoins, but given their low market capitalization, we were forced to reassess and came to the conclusion that algo stablecoins were the subject we would like to tackle.

Image for post

The initial plan

Our initial plan was to fill the asset management and yield farming gap between USD and non USD stablecoins.

After extensive research, we have concluded that the current supply of EUR, SGD, GBP, and other currencies is very low, but it does not mean that at some point it won’t lift off.

The regulatory sandbox is being put in place for a possible digital euro, for instance. Other entities like Statis EURO or Syntetix’ foreign currencies are already on top of their game and can easily expand once the demand picks up.

When they do, we plan to offer them a home.

We are already handling EURS, sEUR and one of the first vaults would surely be Curve EURS-sEUR pool.

The pivot to algo stablecoins

Until then, we have pivoted to the current craze which is algorithmic stablecoins. Each of them has something to offer but has yet to prove itself.

Not all of them will survive, but Narwhale.finance aims to be the go-to place for those that provide value and utility.

The future plan

What do I mean by “a go-to place”? A platform that can manage users’ funds deposited into vaults acting as proxies for different yield farming strategies available for a given stablecoin, as long as there’s an opportunity out there.

I have mentioned above the EURS-sEUR vault. That is an obvious one. We can see an opportunity in handling FRAX’s internal affairs, for instance. A strategy cand and will be built on top of that.

What’s in it for narwhale.finance? A % of the strategy’s performance will go to the treasury. The treasury will be distributed to NAWA holders staking their tokens.

What about the user? Hassle-free asset management.

You know the drill, you have seen it on yearn.finance and other decentralized asset management. We just plan to tackle the algo stablecoin niche, as BADGER did to wBTC.

We would like to change the current UI, which is mostly used for farming and NAWA distribution, to a proper dashboard.

Image for post

The theme on top of which we will build the dashboard

At the same time, we are working on developing our first vaults and strategies and will not be released without a proper audit. Both the development and the audit itself take time and would not see the light of day until at least a couple of weeks.

The next step would be to add lending/borrowing option for EUR stablecoin and proven algo/seigniorage stablecoins.

Our value proposition is to offer this range of tools for stablecoins holders.

Addressing some of the concerns

  • Why not develop first, token later? DeFi is innovating and launching products at a rapid pace and sometimes keeping a product hidden for too long would mean a lost opportunity.

We have basically distributed NAWA to stablecoin related investors that might keep interest in narwhale’s future plan. The future plan is to reward NAWA stakers with protocol-generated fees.

  • Governance is also on the roadmap, but we would like to put in place an anti-gaming mechanism and voting based on voter’s capabilities, but to be perfectly honest we do not currently have details about how it would work. Worst case scenario, we implement the ordinary governance flow.
  • The emission rate seems too steep for the demand that is currently expressing. Because of this, we have decided to END the current
  • pool rewards at block 11742897 which is in roughly 50h:  https://etherscan.io/block/countdown/11742897
  • The NAWA-USDC pool will still receive rewards at a rate of 10 NAWA/block
  • This 10NAWA/block emission will last until the first vaults release at which point we will reassess the emission and incentivize the vaults usage.
  • The current circulation supply has no hard cap, but the plan is to migrate to governance before it actually reaches the appointed tail emission (70M in 5 years).
  • At this point, the minting can be accessed only through the distribution contract and it mints NAWA only on attached pools whenever someone is depositing/withdrawing based on weights. As stated above, the plan is to eventually migrate to governance, but before that, on vaults release, we will be transferring the ownership to multisig wallet. Until then, if needed, we can implement timelock.
  • There was no audit before launching the distribution because the contract has been battle-tested on Sushi’s launch and the code is based on it with small changes. We also run a series of automated tests that provided an additional confirmation that the contract is safe to use and the user’s funds are not in danger.
  • The future releases will be made after proper audits.
  • The 10% dev fee should be self-explanatory. We did not farm the initial distribution, we are self-funded and we would also like to be incentivized to keep on running. No vesting has been considered at launch
  • because at some point in time we would need to reward ourselves for the time, effort, and operation costs.

The Grand Design

  • Narwhale.finance will farm the highest yielding algo stablecoins deposited into vaults by users who would like their funds to be taken care of in a non-custodial fashion.
  • New strategies will be developed and deployed to keep up with the racing pace that DeFi is currently innovating.
  • On top of automatically harvested rewards provided by stablecoins, users will receive an additional incentive in the form of NAWA token.
  • NAWA token will eventually migrate to governance, though our view of it is that not everyone should be able to vote on protocol issues on which they do not possess the necessary economic or technical knowledge.
  • Users will be able to lend and borrow algo stablecoins.
  • 100% of fees generated by the platform will be distributed to NAWA holders through staking.

NAWA token initial distribution & protocol jumpstart

  • Receive NAWA by staking non USD and algo stablecoins.
  • 70 000 000 NAWA tokens distributed over 5 years with no hard cap.
  • 0 circulating supply at launch.
  • NAWA will be minted when staking the following stablecoins or liquidity pool tokens:

sUSD, sEUR, EURS, FRAX, DSD, ESD, AMPL, MIC, BAC, BASED, Sushi-MIC-USDT, Uniswap-FRAX-USDC, Uniswap-BAC-DAI, Uniswap-AMPL-ETH, Moonbased, Curve, EURS-sEUR, Uniswap-NAWA-ETH

  • The boostrapping emission period will distribute 100 NAWA per block for the first 2 weeks (roughly 15% of the supply), after which the above-mentioned pools will stop receiving rewards.
  • After two weeks the rewards will migrate to vaults and pool 2 at a pace of 20 NAWA per block for the next month.
  • The allocation % points for each of the above pools will be proportionally set by market capitalization at the time of writing.
  • 10% of block distribution goes to the development fund. Please see Andre’s rant which we currently agree on. We believe developer incentivization is critical for long-term project development and success.

Short term roadmap in no particular order

  • Launch, deploy and audit vaults and yield farming strategies
  • v2 interface design
  • lend/borrow algo stablecoins

How and Where to Buy NAWA?

NAWA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy NAWA

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

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)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since NAWA is an altcoin we need to transfer our coins to an exchange that NAWA can be traded. Below is a list of exchanges that offers to trade NAWA in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase NAWA from the exchange.

Exchange: HitBTC, and P2PB2B

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once NAWA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Looking for more information…

WebsiteExplorerExplorer 2Source CodeSocial ChannelMessage BoardMessage Board 2Coinmarketcap

Would you like to earn NAWA right now! ☞ CLICK HERE

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #narwhale.finance #nawa

What is GEEK

Buddha Community

What is Narwhale.finance (NAWA) |  What is Narwhale token | What is NAWA token

What is Narwhale.finance (NAWA) |  What is Narwhale token | What is NAWA token

Narwhale.finance aims to provide yield farming opportunities for algorithmic stablecoins, as well as non USD stablecoins like EURS or sEUR, a niche that has recently taken DeFi by storm.

Our initial attention was funneled to non USD stablecoins, but given their low market capitalization, we were forced to reassess and came to the conclusion that algo stablecoins were the subject we would like to tackle.

Image for post

The initial plan

Our initial plan was to fill the asset management and yield farming gap between USD and non USD stablecoins.

After extensive research, we have concluded that the current supply of EUR, SGD, GBP, and other currencies is very low, but it does not mean that at some point it won’t lift off.

The regulatory sandbox is being put in place for a possible digital euro, for instance. Other entities like Statis EURO or Syntetix’ foreign currencies are already on top of their game and can easily expand once the demand picks up.

When they do, we plan to offer them a home.

We are already handling EURS, sEUR and one of the first vaults would surely be Curve EURS-sEUR pool.

The pivot to algo stablecoins

Until then, we have pivoted to the current craze which is algorithmic stablecoins. Each of them has something to offer but has yet to prove itself.

Not all of them will survive, but Narwhale.finance aims to be the go-to place for those that provide value and utility.

The future plan

What do I mean by “a go-to place”? A platform that can manage users’ funds deposited into vaults acting as proxies for different yield farming strategies available for a given stablecoin, as long as there’s an opportunity out there.

I have mentioned above the EURS-sEUR vault. That is an obvious one. We can see an opportunity in handling FRAX’s internal affairs, for instance. A strategy cand and will be built on top of that.

What’s in it for narwhale.finance? A % of the strategy’s performance will go to the treasury. The treasury will be distributed to NAWA holders staking their tokens.

What about the user? Hassle-free asset management.

You know the drill, you have seen it on yearn.finance and other decentralized asset management. We just plan to tackle the algo stablecoin niche, as BADGER did to wBTC.

We would like to change the current UI, which is mostly used for farming and NAWA distribution, to a proper dashboard.

Image for post

The theme on top of which we will build the dashboard

At the same time, we are working on developing our first vaults and strategies and will not be released without a proper audit. Both the development and the audit itself take time and would not see the light of day until at least a couple of weeks.

The next step would be to add lending/borrowing option for EUR stablecoin and proven algo/seigniorage stablecoins.

Our value proposition is to offer this range of tools for stablecoins holders.

Addressing some of the concerns

  • Why not develop first, token later? DeFi is innovating and launching products at a rapid pace and sometimes keeping a product hidden for too long would mean a lost opportunity.

We have basically distributed NAWA to stablecoin related investors that might keep interest in narwhale’s future plan. The future plan is to reward NAWA stakers with protocol-generated fees.

  • Governance is also on the roadmap, but we would like to put in place an anti-gaming mechanism and voting based on voter’s capabilities, but to be perfectly honest we do not currently have details about how it would work. Worst case scenario, we implement the ordinary governance flow.
  • The emission rate seems too steep for the demand that is currently expressing. Because of this, we have decided to END the current
  • pool rewards at block 11742897 which is in roughly 50h:  https://etherscan.io/block/countdown/11742897
  • The NAWA-USDC pool will still receive rewards at a rate of 10 NAWA/block
  • This 10NAWA/block emission will last until the first vaults release at which point we will reassess the emission and incentivize the vaults usage.
  • The current circulation supply has no hard cap, but the plan is to migrate to governance before it actually reaches the appointed tail emission (70M in 5 years).
  • At this point, the minting can be accessed only through the distribution contract and it mints NAWA only on attached pools whenever someone is depositing/withdrawing based on weights. As stated above, the plan is to eventually migrate to governance, but before that, on vaults release, we will be transferring the ownership to multisig wallet. Until then, if needed, we can implement timelock.
  • There was no audit before launching the distribution because the contract has been battle-tested on Sushi’s launch and the code is based on it with small changes. We also run a series of automated tests that provided an additional confirmation that the contract is safe to use and the user’s funds are not in danger.
  • The future releases will be made after proper audits.
  • The 10% dev fee should be self-explanatory. We did not farm the initial distribution, we are self-funded and we would also like to be incentivized to keep on running. No vesting has been considered at launch
  • because at some point in time we would need to reward ourselves for the time, effort, and operation costs.

The Grand Design

  • Narwhale.finance will farm the highest yielding algo stablecoins deposited into vaults by users who would like their funds to be taken care of in a non-custodial fashion.
  • New strategies will be developed and deployed to keep up with the racing pace that DeFi is currently innovating.
  • On top of automatically harvested rewards provided by stablecoins, users will receive an additional incentive in the form of NAWA token.
  • NAWA token will eventually migrate to governance, though our view of it is that not everyone should be able to vote on protocol issues on which they do not possess the necessary economic or technical knowledge.
  • Users will be able to lend and borrow algo stablecoins.
  • 100% of fees generated by the platform will be distributed to NAWA holders through staking.

NAWA token initial distribution & protocol jumpstart

  • Receive NAWA by staking non USD and algo stablecoins.
  • 70 000 000 NAWA tokens distributed over 5 years with no hard cap.
  • 0 circulating supply at launch.
  • NAWA will be minted when staking the following stablecoins or liquidity pool tokens:

sUSD, sEUR, EURS, FRAX, DSD, ESD, AMPL, MIC, BAC, BASED, Sushi-MIC-USDT, Uniswap-FRAX-USDC, Uniswap-BAC-DAI, Uniswap-AMPL-ETH, Moonbased, Curve, EURS-sEUR, Uniswap-NAWA-ETH

  • The boostrapping emission period will distribute 100 NAWA per block for the first 2 weeks (roughly 15% of the supply), after which the above-mentioned pools will stop receiving rewards.
  • After two weeks the rewards will migrate to vaults and pool 2 at a pace of 20 NAWA per block for the next month.
  • The allocation % points for each of the above pools will be proportionally set by market capitalization at the time of writing.
  • 10% of block distribution goes to the development fund. Please see Andre’s rant which we currently agree on. We believe developer incentivization is critical for long-term project development and success.

Short term roadmap in no particular order

  • Launch, deploy and audit vaults and yield farming strategies
  • v2 interface design
  • lend/borrow algo stablecoins

How and Where to Buy NAWA?

NAWA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy NAWA

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

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)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since NAWA is an altcoin we need to transfer our coins to an exchange that NAWA can be traded. Below is a list of exchanges that offers to trade NAWA in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase NAWA from the exchange.

Exchange: HitBTC, and P2PB2B

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once NAWA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Looking for more information…

WebsiteExplorerExplorer 2Source CodeSocial ChannelMessage BoardMessage Board 2Coinmarketcap

Would you like to earn NAWA right now! ☞ CLICK HERE

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #narwhale.finance #nawa

Angelina roda

Angelina roda

1624219980

How to Buy NFT Art Finance Token - The EASIEST METHOD! DO NOT MISS!!! JUST IN 4 MINUTES

NFT Art Finance is currently one of the most popular cryptocurrencies right now on the market, so in today’s video, I will be showing you guys how to easily buy NFT Art Finance on your phone using the Trust Wallet application.
📺 The video in this post was made by More LimSanity
The origin of the article: https://www.youtube.com/watch?v=sKE6Pc_w1IE
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 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
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #nft art finance token #token #buy nft art finance #how to buy nft art finance token - the easiest method!

David mr

David mr

1624312800

SPORE FINANCE PREDICTION - WHAT IS SPORE FINANCE & SPORE FINANCE ANALYSIS - SPORE FINANCE

SPORE FINANCE PREDICTION - WHAT IS SPORE FINANCE & SPORE FINANCE ANALYSIS - SPORE FINANCE

In this video, I talk about spore finance coin and give my spore finance prediction. I talk about the latest spore finance analysis & spore finance crypto coin that recently has been hit pretty hard in the last 24 hours. I go over what is spore finance and how many holders are on this new crypto coin spore finance.
📺 The video in this post was made by Josh’s Finance
The origin of the article: https://www.youtube.com/watch?v=qbPQvdxCtEI
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 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
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #spore finance #what is spore finance #spore finance prediction - what is spore finance & spore finance analysis - spore finance #spore finance prediction

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

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

walter geed

1607181248

Decentralized Finance (DeFi) Development Company | DeFi Development

Development of decentralized finance platform solutions.
Start leveraging your business financial operations towards the concept of decentralization via the embracement of decentralized finance platform solutions from our side.

Decentralized Finance Development (DeFi) to launch your Defi ecosystem.
Here are our decentralized finance development (Defi) services to make your business move to its next level of improvement in its technology front.

#decentralized finance (defi) development company #decentralized open finance (defi) development services company #decentralized finance platforms solutions #decentralized finance development (defi) #open finance development #decentralized finance (defi) development solutions