Introducing eosinterest: All-in-One-ecosystem Aggregator for Risk-Weighted Yield Maximization
What is eosinterest?
The eosinterest (INTR) is an all- in- one- ecosystem aggregator for risk-weighted yield maximization in the community- verified cryptocurrency farming, lending and liquidity mining projects. With eosinterest, the users can manage their investment on a single dashboard setting and the eostinterest AMM routes their investment via its audited smart contracts. Eosinterest is not a yield farmer. Eosinterest does not farm aka. mint tokens as liquidity rewards. Eosinterest is an eco-system aggregator. It provides a one-stop smart contract governed ecosystem aggregator to invest in all existing community-verified liquidity farming and lending projects.
Defi farming projects, and yield aggregators are a dime a dozen. What special problem is eosinterest solving?
The primary problem the eosinterest is addressing is the runway inflation of token supply of existing defi/ yield farming/ ecosystem aggregating projects, of which token model is structured in minting tokens to be distributed as liquidity rewards, which effectively creates a major token inflation, and a pyramid model which requires new buyers and money to be drawn in simply to sustain the scheme. This is ponzinomics in economic understanding.
Eosinterest tokenomics: noninflationary token supply.
In contrast to existing Defi projects, eosinterest has a non-inflationary token supply from the outset, and the total supply would be in circulation from the day one of the launch of the platform. The maximum token supply of eosinterest token (INTR) will be 10,000,000. Thus once the full token supply is issued through a TGE ( 50%) and Genesis mining (50%), during two months period, there will not be further token issuance.
Yield Accumulation and Distribution
The native token (INTR) is used as a medium of distribution of yield accumulated through eosinterest. Investors who invest in multiple Dex, lending and liquidity mining programs would receive their yield in various tokens awarded by those platforms ( COMP, UNI, DAI, FARM, SUSHI, AVVE, SNT etc). The eosinterest AMM converts the yield into two primary digital assets: A stable coin ( DAI, USDC, SUSD) and the native token of the eosinterest platform (eosint).
For that purpose eosinterest AMM will sell the yield which comes in various tokens and buys the eosinterest native token and the stable coin DAI, and SUSD in equal share. A 50% of the yield that is accumulated through the platform is distributed through the native token (INTR) and the 50% in a stable coin, thus creating market demand for the native token, and also guarding against regular steep price fluctuation of defi tokens.
75% of all yield generated through the genesis mining phase, and after that 10% of yield generated through the platform will be invested in an INDEX Fund.
The INDEX fund serves following objectives.
1) Given the extreme price fluctuation of cryptocurrencies, the INDEX fund provides a digital asset buffer against major price fluctuation.
2) The Index Fund also serves as a liquidation fund. Any time, the INTR token holders can decide by the majority vote to terminate the operations of the eosinterest and share the INDEX fund assets proportionate to their token holdings.
Eosinterest ecosystem is controlled by the native token INTR holders who submit and vote on proposals that govern the ecosystem. Proposals that meet quorum requirements (>20% of the tokens staked in the governance contract) and generate majority support (>50% of the vote) are implemented by a 7 member multi-signature wallet. Changes must be signed by 4 out of the 7 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by INTR holders and are subject to change from future governance votes.