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</thread> $SUSHI's new partner - @DraculaProtocol
Dracula V2 launched today April 30th. Audit was done by @SolidityFinance + several internal and #partner audits were done before. All four $DRC partners are $SUSHI $RGT $YFL & x.
#Definews #DeFi #YieldFarming #Lending #DRCV2
Dracula V2 launched today April 30th. Audit was done by @SolidityFinance + several internal and #partner audits were done before. All four $DRC partners are $SUSHI $RGT $YFL & x.
#Definews #DeFi #YieldFarming #Lending #DRCV2
Dracula V2 has two main characters:
1. Earning auto-compounded $ETH by #farming with low fees (On Ethereum chain) with the help of $RGT and @Keeper_DAO. https://draculaprotocol.medium.com/dracula-protocol-integrates-rari-capital-3215e16adba0
2. Governing several top #DeFi projects with delegated governance using @DraculaProtocol #Vault. $YFL
1. Earning auto-compounded $ETH by #farming with low fees (On Ethereum chain) with the help of $RGT and @Keeper_DAO. https://draculaprotocol.medium.com/dracula-protocol-integrates-rari-capital-3215e16adba0
2. Governing several top #DeFi projects with delegated governance using @DraculaProtocol #Vault. $YFL
Breaking down 1. ( #Earning):
There is a huge amount of value on #Ethereum that is not locked in any #farm. It is doing nothing - not giving liquidity for millionaires to enter the #Cryptocurrency Space, not making #gains for the #holders. #Definews @DraculaProtocol $SUSHI x $DRC
There is a huge amount of value on #Ethereum that is not locked in any #farm. It is doing nothing - not giving liquidity for millionaires to enter the #Cryptocurrency Space, not making #gains for the #holders. #Definews @DraculaProtocol $SUSHI x $DRC
@DraculaProtocol V2 will be capturing all that value in its #TVL, as V2 brings down the fees to a level where anyone can actively farm, shift pools and harvest - and all the rewards are paid in $ETH. #Definews #Ethereum $DRC #DRCV2 $YFL $RGT $SUSHI
In fact @DraculaProtocol is NOT competing with other platforms for their TVL rather using it AND also inviting loose value to be locked on Dracula's platform. All value on Dracula is simultaneously used in the victim protocol pools giving liquidity for trading. #Definews #Staking
For a #liquidity provider @DraculaProtocol is a no-brainer as the rewards are not paid in the victim tokens but in $ETH, and the fee structure gives anyone an open space to speculate and switch pools without getting #rekt. #Definews $DRC $SUSHI $YFL $RGT
You can now go and pool your tokens on a few different platforms through @DraculaProtocol V2. More will be added in days. You simultaneously stake your LP-tokens to earn $ETH rewards that get #compounded daily by the Master Vampire contract to earn you additional ETH. $SUSHI $RGT
Say you deposit SUSHI-ETH/SUSHI-LP. @DraculaProtocol auto buys $ETH with your $SUSHI rewards for you. Then it compounds your ETH to earn additional rewards, all while crowd-sourcing the fees making it way cheaper to use than any other platform. #Definews #YieldFarming $DRC $RGT
On @DraculaProtocol V2 you can claim rewards in $ETH or choose to receive in $DRC that gets auto-bought from @Uniswap and delivered to you. #Definews #Compound $SUSHI $RGT $YFL
Breaking down 2. (Governance): While you farm, a small amount of rewards from partner projects goes to @DraculaProtocol vault. It will hold many types of #governance tokens. This governance power gets delegated to $DRC holders and is used through Dracula #vault. #Defi $SUSHI $RGT
This will benefit #partner protocols, too. They will have more #voting happening in their #governance which gives trust for #investors, which raises the trust of #speculators, which raises the prices, which again attracts investors. #Defi $SUSHI x $DRC x $RGT x $YFL
To enter the @DraculaProtocol ecosystem, visit https://v2.dracula.sucks/ . Remember, it was just launched and it is stripped down now to better spot possible bugs. More #pools etc will be added coming days. Also, more big #partners will be named. $DRC #DeFi #CryptoNews #farming
