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</thread> $SUSHI& #39;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.">https://draculaprotocol.medium.com/dracula-p... 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.">https://draculaprotocol.medium.com/dracula-p... 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& #39;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/ .">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
