Primitive:
NFDP ( Non-Fungible Debt Position)
Token:
JPEG (Governance)
Deposit CryptoPunk, Mint PUSd stablecoin while retaining Ownership
Cryptopunk goes from Static Investment → Yield-Earning Product
Custom Chainlink Price Feed quantifying Time-Weighted Average Price of NFT.
Token:
rETH (Accrues Staking Rewards over time)
Deposit as little as 0.01 ETH, receive rETH liquid staking token.
Governance- RPL token
Further Decentralizes network of node operators.
Tokens:
FRAX (Stablecoin)
FXS (Governance)
FRAX starts out 100% collateralized, and over time and increasing adoption stabilizes algorithmically.
FRAX value calculated by a time weighted average of ETH:USD. Allows FRAX to stay stable against the dollar itself.
FXS manages the following parameters: adding/adjusting collateral pools, adjusting various fees (like minting or redeeming), and refreshing the rate of the collateral ratio.
FXS is non-stable and accrues value alongside adoption and utility.
Tokens:
SPELL (incentives)
sSPELL (fee-sharing + Governance)
MIM (stablecoin)
SPELL is a reward that incentives user’s to keep their interest bearing tokens within the Abracadabra Ecosystem.
sSPELL (staked SPELL) earn interest and borrow fees. Governance on the way.
MIM is a stablecoin backed by interest bearing tokens such as cvx3pool LP tokens. Repay the borrowed MIM to receive your LP.
Primitives:
Option Pools (provide base asset for option buyers (calls & puts)
Single Staking Option Vaults (lock tokens for yield from call option buyers)
Tokens:
DPX - vanilla governance and protocol fee accrual token
rDPX - rebate token - also used for protocol usage
Token:
$BTRFLY - rebasing Governance token
DAO Treasury acts as a ‘blackhole’ for Governance tokens (gOHM, CRV, CVX) Cooperative to help grow Curve, Convex & others in tightening pegs, providing liquidity etc. Voting Efficiency as a Service (ve-aaS)