In this chapter, we will be looking at treasuries, how they work in the OHM-fork space and what we intend to do to differentiate ourselves from the other protocols in the space.

Let’s dive into it.

Treasury [ trezh-uh-ree ]A place where the funds of the government, of a corporation, or the like are deposited, kept, and disbursed.

Just like any other government or corporation, a Decentralized Autonomous Organization(DAO) has its own treasury to store funds. In the cryptocurrency context, a DAO usually stores its treasury funds inside a wallet. This is called the protocol wallet. Some DAOs also choose to impose a multi-signature requirement on the wallet, so that no one single individual has absolute control over the funds.

These funds may be in the form of various assets such as stablecoins, native tokens, or even things like NFTs.

Depending on the protocol’s aims, they may use the treasury funds to perform various actions to benefit the protocol, such as investing in various crypto assets to gain returns. They may also use these funds to develop new features and develop the protocol further.

Apart from using the treasury funds to perform beneficial actions for the protocol, most OHM-forks also allocate a % of their treasury to store assets that are used to back their native token. This portion of the treasury is called the Backing Treasury. For example, Olympus’s Backing Treasury holds DAI tokens which are used to back their native token, OHM.

Another recurring theme is that most OHM-forks also further set aside 10% of their Backing treasury for their incubation funds.

In Olympus’s original code, the Backing treasury is unable to withdraw funds as the code requires the treasury to always have 1 DAI = 1 OHM. Initially, we wanted to do the same, but after discussions with the community, we all came to an agreement that if you do not utilize the entirety of the Backing Treasury, you would be losing out.

Imagine this. If I was able to earn 16% a year and left $1 million in the bank, I would be able to earn a nice $160k interest each year!

As a result, we decided to have a community vote to remove this limitation that was imposed in the original OHM code. The vote was a resounding yes.

Now that we are able to utilize the entire Backing treasury to generate returns, we then decided to establish 3 separate treasuries including the Backing treasury that would allow us to grow our treasury funds which will subsequently increase the backing per BND.

The 3 treasuries are as follows:

As the name suggests, the Backing treasury stores assets that are used to back the native token. In our case that would be BUSD. This is the foundation of the protocol, and as such the team had decided that we should only use the Backing treasury funds for low-risk investments such as stablecoin yield farming.

The major benefit of doing so allows us to grow the Backing treasury apart from accumulating bond revenue, and this will eventually result in a higher floor price of BND.

There are two other ways in which the Backing treasury can grow whilst also ensuring the safety of the backing per BND.

To describe this most simply is that it is the storage of taxed BND.

That’s it? Yes, it is just a treasury to store our taxed BND.

We will go more into detail on how we are planning to use the taxed BND in the next chapter.

Now we have come to the main differentiator of us and other protocols out there.

The third treasury is called the Investment Treasury. As I have mentioned previously, most OHM-forks have a portion of their treasury being allocated to store assets that are used to back their native token. While this seems perfectly fine on paper, you run the risk of using Backing treasury funds for investments. Thus, the team has decided that it would be in the protocol’s best interest to create an entirely separate treasury for the sole purpose of investment called the Investment Treasury.

This treasury will be for the sole purpose of investing, incubating, promoting, developing, and venturing into projects across the crypto space.

Having an Investment treasury will allow us to diversify our investments all across the crypto space, and this will help grow the treasury exponentially whilst being able to withstand bear markets. As such, the backing per BND will not be affected since we are not utilizing the Backing treasury funds.

There are two other ways to grow the Investment treasury namely:

90% of the Investment treasury will be dedicated to medium to high-risk investments.

The remaining 10% will be used to improve the protocol as well as to develop products to expand our ecosystem to bring more utility to BND.

By not touching the Backing treasury, the protocol is able to make investments during any kind of market without risking the backing per BND. If the Backing treasury were ever to be in any sort of danger, having the Investment treasury as separate would be crucial as we can then inject funds into the Backing treasury from the Investment Treasury.

These are some areas of the crypto space that we would like to invest into:

All the investments made by the protocol will be shown to the community. We are currently working on a dashboard to showcase the investments made, holdings, profits, and losses.

Firstly, we plan to use a portion of the profits to inject funds back into the Backing treasury to raise the floor price per BND. Think of it as adding money to your savings jar when you win the lottery.

Secondly, we plan to distribute a portion of these profits to our long-term holders. These holders will be able to receive airdrops in stablecoins in which their share will continue to increase the longer and more they stake BND.

Thank you so much for reading.

In the next chapter we will be looking into:

The Way of the Boundless — Solving Trade Tax

ShadowProof Reading — ACW

Twitter: https://twitter.com/BoundlessDCFDiscord: https://discord.gg/boundlessdcfWebsite: https://boundless.money/

The second reason we’re doing this is it involves some personal gains to be collected here, which allows us to then use our staking pool to be able to perform all the transactions that we’re performing on our staking pool. You can learn more about why you should build a Cardano Ada staking pool in the below article.

smartcontractsez.com

With that out of the way, we’ll now get into some of the hardware and some of steps that we took to build a stake pool. One of the first things you need to do is build a set of nodes. Here, you should produce a main node, which is a producer node.

This is one of the nodes that is actually one of the producing blocks. So it will have your keys on them and this is a node that you’ll never want on the internet. What this means is that you shouldn’t put a public address on this node to prevent it from being publicly accessible, although it obviously has to be connected to the internet to be able to connect to the nodes.

This producer node will then connect to a relay node, or even a set of relay nodes. If there’s more than one relay node, then be aware that each of the relay node needs to have their own public IP address. We currently have two relay nodes.

The next piece that you need to have is an offline storage that contains your keys. This is a storage that you want to have what they call air gapped, or also known as offline cold storage. Air gapping is a term in security, where you have a machine that’s completely offline. This ensures that there’s no way it could ever be breached.

So what we’re doing for that is we’re using a Linux live USB drive, where we boot up the Linux live on it and use it to copy all of our keys and setup over to this Linux live distro that’s going to be run from a thumb drive. Then, we take this thumb drive and put it in a safe.

From there, you can build an intermediate server, which is going to be the one that actually is running haskell and doing the some of the smart contract work. This intermediate server will know to point directly to the set of nodes in a stake pool, so that all transactions that it processes will be processed through the stake pool. This will boost the reputation of a stake pool, as well as allows to charge the gas fees directly to you.

This is ultimately a great way to make an ulterior motive to running a stake pool, while still contributing back with a very high availability stake pool.

Now, let’s take a look at the hardware part for running a stake pool. In our case, we built out one very large VM. This comes with:

Looking at the features, we currently have a pretty decent sized hardware. The way that we’re building this and allocating the different resources is as follows:

Moving on, we then sun a second server — a bare metal server for another relay node. This relay node will be assigned:

So this is all the hardware that we need in order to run our very own staking pool. As it’s pretty decent, we’re able to run a very high availability stake pool.

So that’s some information about how we built our staking pool. Thank you for sticking with me to the very end. I hope this has been informational for your Cardano staking journey. As always, make sure to keep your kids protected with CleanRouter and CleanPhone so that you have the ultimate parental controls with how your kids use their phone :)

If you’d like to learn more about the same, kindly check out this video:

Niros X empowers minorities to step ahead, surpassing all hurdles and obstacles laid in the way by the global institutions and local bodies. The Niros X is an AI-driven marketplace that connects people of colour and the institutionally disadvantaged people to the corporate giants to enhance their business and get themselves noticed.

One of the significant hurdles faced by the less privileged people is that their businesses do not perform at the same rate as their counterparts. To combat that, Niros X provides resources, tools, and everything needed to boost the business.

Niros X is helping level the playing field for all businesses, so it is for white and black men, with no differentiation whatsoever. Its extraordinary AI mechanism matches the businesses of interest to level the playfield by providing equal market trends and business opportunities.

The direct access to sellers and buyers of the corporate market without the involvement of any middlemen and the third party is one of the primary goals of Niros X that will also help identify its international transactions.

Niros is more about the store of value for the Niros token holders, who can earn passive income by BTH and ETH reflections and gain top-notch access to crypto education.

While Niros X is linked with business growth and acts as a transactional token for easier b2b and P2P transactions, helping to multiply business profit by two folds.

The Niros X is offering six different offerings from its side to maximize the business by utilizing Niros X’s AI-driven technology:

Niros X listing and Pitching: The AI-based algorithm will help the business connect with corporate partners and pitch their ideas to the mix, so it will help create more business opportunities.

Niros X partner: The corporate partner’s program is designed to learn and explore from the corporate behemoth. The education and relationship will be fostered via conferences and AI cutting edge technology. We have already begun collaborating with e-commerce giants and sports franchises.

Enrolling Niros X as an accepted form of payment in the businesses will unlock several advantages, such as:

Huge AI-powered database

Worldwide marketing support

Engaging listings

Corporate partnerships

AI-powered transactions

Estimated one-year token holders: 25K+

Estimated price: 0.00015 USD

Estimated one year valuation: $375 million

The Niros X is based on a decentralized digital blockchain made to power small businesses and local communities by providing business opportunities and enabling the related transactions. The token is meant to power through the buyback ecosystem and mainstream adaptation of the Niros X.

Find out more at: |https://www.nirosx.com/

What do you think of Disney’s efforts in the space?

These pools will be accessible and beneficial for members of the community locking in their AXPR tokens for 120 days, with early withdrawal possible after 60 days at a lower APY. The staking program will go live this Friday at 12 PM CET, following our Uniswap launch last week, and staking contributions will be open for 21 days prior to the program initializing.

The link to accessing the staking pools will soon be added to this article.

The liquidity staking pool requires participants to lock in ETH/AXPR into the Uniswap liquidity pool and then locking their LP tokens into the liquidity staking pool. There are no minimums or personal caps for staking in this pool.

The traditional staking pool is simpler, and therefore offers less APY. To participate in it, users simply need to lock in their AXPR into the traditional staking pool directly. There are also no minimums, but the max contribution per user is 1.5M AXPR for this specific pool.

Early withdrawals from both pools is possible after 60 days, but then only at 10% APY to stakers. See below for the specifications of each staking pool.

Liquidity staking pool:

Traditional staking pool:

Partnering with Ferrum Network has allowed us to easily provide staking to the AXPR community, and as a consequence further token utility, with the first two pools we’re launching locking in tokens for 120 days and bringing us that much closer to the launch of PayBX where a plethora of additional utility for the AXPR token will become available.

Additionally, we plan to work with Ferrum Network for their Binance Smart Chain bridge in Q3 of this year, bringing the BEP2 AXPR token to the DeFi ecosystem that’s rapidly growing on Binance’s new blockchain.

If you’re an AXPR token holder, then the two different choices of pools that we’re launching this week will enable you to earn APY on your passively held AXPR. Think of it as a benefit for being a committed HODLer!

Ferrum Network is building a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption with user-friendly products for swapping, staking, and transferring cryptocurrencies. Its cross-chain DAG will enable the transfer of any digital asset in milliseconds for near-zero network fees, unlocking tremendous value for the entire industry.

Website | Twitter | Telegram | Instagram | CoinMarketCap

aXpire is an off-shoot of the LegalTech company LSG, with a history of having worked with the likes of Coca-Cola, Nike, Intel, IBM, and other global brands. Founded in 2017, the company offers B2B cloud-based FinTech software solutions and counts a top 10 global hedge fund by AUM amongst its clients. In 2021, the company has launched a further two B2B solutions and aims to release its B2C cryptocurrency payments app, PayBX, by Q3 of this year.

Website | Twitter | Telegram | Instagram | CoinMarketCap

At Lightspeed, the pace was… well, at lightspeed! We partnered with over 150 new Founders across Consumer, Enterprise, and Health, welcomed 8 new Partners to the firm and saw many IPOs, including Affirm and Honest.

Every moment felt like execution mode. One issue with that mode is we may not be able to see the wood for the trees (a good British phrase!). I am a believer that board meetings, offsites and end of year vacations are terrific times to take a metaphorical walk in the woods and reflect on where the world is going. That’s why I take time every year to put pen to paper about predictions for the year ahead.

Proof of stake is a consensus mechanism that Cardano (ADA) uses to validate blocks in the network. Users or delegates, pool their ADA and are then allowed to delegate their ADA to a particular stake pool of their choice. In essence, the more ADA that is delegated to a particular pool the more trust that pool has to validate blocks in that network.

On the other hand, we have proof of work. Proof of work uses computing power to validate and mine blocks. More processing power correlates with the number of blocks you can produce. However, the PoW algorithm can be detrimental to the environment, due to the amount of electricity that is consumed to be able to produce and validate these blocks.

With Cardano’s Ouroboros protocol your mining power depends on the number of coins that a specific validator decides to stake. Essentially the more coins that you stake raises your chance to be chosen as a validator to add new blocks within the network. Many proof of stake protocols tends to work differently. Usually, there is an element of randomisation when choosing validators, alongside the amount of time a delegator has staked their coins for. Rewards are often granted through staking your coins to a preferred stake pool, in the form of additional tokens.

From an environmental standpoint, PoS tends to work better when we look at both consensus mechanisms. Looking into the future it seems inconceivable for the PoW algorithm to be able to be used from a global standpoint moving forwards.

As Cardano’s PoS mechanism grows it aims to solve many problems within the blockchain community. Proof of stake was designed to solve, scalability, interoperability and sustainability problems within the blockchain ecosystem. This means that there should be a significant reduction in energy consumption since miners no longer need to rely on a vast amount of energy consumption to compete in the validation of blocks.

It would be sceptical to try and foresee how crypto continues to evolve going forwards. Each mechanism has its pros and cons. However, some things are evident. From an environmental standpoint and for the continuous global adoption of crypto a mechanism that is sustainable and scalable needs to be solidified. From our standpoint, all obvious solutions point in the direction of PoS. The Cardano team seem to be working rigorously to ensure that their Ouroboros protocol continues to be beneficial for everybody.