🏅$ARKTO Flywheel
Presenting one of the baddest flywheel of the whole Berachain
Last updated
Presenting one of the baddest flywheel of the whole Berachain
Last updated
In this partnership between Arkto, Yeet, Beraplug and Beradrome we will be applying true DeFi mechanisms to our NFTs. We think all you DeFi degens will love the $ARKTO flywheel!
~ Arkto will be opening LP Pools between ARKTO/BERA, ARKTO/PLUG, ARKTO/YEET designed to drive volume through all projects present in the flywheel. Arkto will be providing liquidity to each of these Liquidity Pools with our $ARKTO NFTs, before plugging each into a Beradrome Gauge.
~ The hiBERO we receive from our partnership with Beradrome will be used to vote equally on these LP's so these pools will generate further oBERO emissions.
~All hiBERO voters on our LP's will be getting $ARKTO NFTs as bribes in return for their votes on our LPs, which will then determine how much more oBERO is emitted towards the pools.
~ The oBERO will be emitted and distributed to the Liquidity Providers of our LP's. The oBERO collected from the initial liquidity Arkto provided to the LP's will be burnt into hiBERO, of which 80% will be used to vote for the 3 $ARKTO LP's and 20% will be used to vote for the YEET/BERA and PLUG/BERA LP's.
~ As we are using 20% of our hiBERO to vote for these pools on Beradrome, Arkto will be receiving YEET and PLUG bribes which will be further used to advance our third Investment Strategy.
~ The YEET bribes we receive will be staked in the Yeet Cup staking contract to receive BERA rewards. The PLUG bribes will be used to pair with the BERA rewards and provide liquidity in the PLUG/BERA Liquidity Pool.
~ Ontop of these, the oBERO emissions Arkto earns from providing LP to Beradrome Gauges will be used to vote on the highest APR yield-generating gauges on Beradrome, with yield generated distributed back to $ARKTO NFT stakers.
~All yield generated from our investment strategies will be split 60/40 - with 60% shared with NFT stakers and 40% sent to our treasury.
~ The $ARKTO flywheel is set to be one of the most efficient and rewarding flywheels on Berachain!