$TND — Innovative Token Economy & Liquid Liquidity Pool Use
In today’s article we will introduce you to Terrnado’s innovative dual token economy and Liquid Liquidity Pool powered by TerraFloki DEX. All of this will help our users in earning more by holding our token!
To help you earn, we’ve already added Anchor Protocol to our platform. We love and praise it for the Earn feature, which provides us with the outstanding ability to perform Stablecoin Yield Farming with a fixed ~19.5% return.
Liquid Liquidity Pool (LLP) is yet another concept that could be created only by the real Lunatics!
LLP offers the protocol an opportunity to use fractional reserves of $UST, that normally would still sit inside the Liquidity Pool, and put them into Anchor Earn to generate yield with ~19,5% return.Yield generated this way can then be redistributed to the $sTND token holders.
By the means of this article, you can learn more on how this redistribution will work and how you can earn by bonding your $TNDs.
Bonding $TND pays off
We’re providing Terrnado’s users with an innovative system of dual token economy which will allow them to invest in our project and gain more profits as the project grows.
The investment process consists of bonding your owned $TND tokens. By bonding $TND tokens, users will receive a given amount of the ‘bonding proof’ token called $sTND. Holding $sTND tokens means that you own a given percentage share of the project’s vault.
Withdrawing your ownership means you receive an equal proportion of those assets, based on your $sTND ownership, and the balances of these assets in the pool.
The concept of sAssets was first introduced on Terra by Team Kujira. The origin of the revenue is different, of course, but the concept of $sTND is inspired by $sKUJI.
Initially the revenue will consist of $UST, $TND, $STT, $MINE, $TFLOKI and $ATLO but in the future potentially any CW20 token can flow to our stakers.
Four sources of income to $sTND holders:
- Terrnado transactional fees: Each and every performed deposit to Terrnado Anonymizer comes with a 0,5% fee that goes into the project’s Vault.
- 1,5% of every $TND transfer/swap: 1.5% of every $TND transfer/swap, as a part of transactional fee, will also land in the Vault.
- Redistribution from the LLP: 500,000 $UST from the gathered funds during our IDOs will be used to provide liquidity to the $TND/$UST pool. What’s more, the major part of the liquidity will be allocated to Liquid Liquidity Pool which will provide additional $UST tokens to be distributed amongst the $sTND holders. Yield generated with the LLP, along with the fees from each Terrnado transaction, will be added to the Terrnado Vault.
- Daily yields from Anchor Protocol: 15% of the unlocked gathered funds will be claimed every day from vesting and added to the Vault’s value as the yield from Anchor Protocol.
These four sources of funds that make up Terrnado Vault will serve to build the exposition to the treasury for the $sTND holders. This solution increases the Vault’s value and, at the same time, provides the $sTND holders with an opportunity to earn more as the project grows in popularity.
If you would like to collect your part of the treasury, you can do that anytime simply by unbonding your $sTND tokens. At that time, you will receive a percentage value of each token that is a part of the Vault ($UST and every CW20 token used by the users of Terrnado’s transactions). Sounds promising, doesn’t it?
If you’re interested in the details of the LLP, take a look at this article by TerraFloki providing an in-depth description:
