🧵: Forest Financial

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[🧵 + #GiveawayAlert] ft. @YIELDTREES 🎁 100 $USDC To Participate: 1️⃣: Follow @JiraiyaReal & @YIELDTREES 2️⃣: RT & ❤️ 3️⃣: Tag 2 friends! 72hrs __ Deforestation is a by-product of agricultural expansion, wood extraction and urbanization. 🧶

Research has shown that planting trees is one of the most important & effective ways to tackle global warming. Trees act as a carbon sink, absorbing CO2 emissions that are emitted as a by-product of human activities.

Heightened CO2 emissions also threaten the oceans - another carbon sink. As more CO2 is absorbed, the pH of the water decreases, which impacts the ability of corals to grow their skeletons. Heat stress also leads to coral bleaching etc. Long story short, deforestation = bad.

Forest Financial envisions to tackle the global Climate Crisis by contributing towards reforestation. They plan to achieve this via three phases: Phase 1️⃣: YieldTrees, $FOREST, $ROOTS Phase 2️⃣: Evergreen NFTs + $FRUITS Phase 3️⃣: Forest Academy & Growth Campaign

Phase 1️⃣: YieldTrees, $FOREST & $ROOTS __ The Native Token of this ecosystem is $FOREST. 7.5 $FOREST + 2.5 $FOREST in $AVAX is used to mint a YieldTree. Upon minting a YieldTree, a Forester NFT is also minted which is responsible for taking care of the tree - for a monthly fee.

This monthly fee is equivalent to 0.2 $FOREST to be paid in $AVAX. Your Forester will ensure that the YieldTree is healthy, producing 0.1 $FOREST per day. After RoT (100 days), the emissions decay linearly, -0.002 $FOREST/day down to 0.06 $FOREST/day.

$FOREST __ $FOREST can be... - claimed (10% tax) - compounded into more YieldTrees (tax-free) - exchanged for $ROOTS (tax-free)

$ROOTS __ $ROOTS can only be bought from the protocol via its internal swap platform. $ROOTS is a low-risk investment opportunity which generates a guaranteed profit when held long-term. How? $ROOTS has a backing price -> Total value of the treasury / Tokens in circulation.

The treasury is composed of Stablecoins and functions as the LP for this token which generates fees on each buy & sale transaction. The rest will be invested into low-risk DeFi protocols, gradually increasing the treasury over time and thus the price of $ROOTS.

Buying / Selling $ROOTS __ If you wish to buy $ROOTS, you will pay a premium of 1.2x - 1.5x (depending on demand of $ROOTS) If you wish to sell $ROOTS, you will sell at a discount of 0.6x - 0.9x (depending on sell pressure of $ROOTS) The difference feeds into the treasury.

Forester HQ __ The Foresters are housed within a Forester HQ, each HQ can house between 5 - 15 YieldTrees. HQs start at Level 1, housing 5 YieldTrees and scale up to Level 3, housing 15 YieldTrees. Each wallet can have max 5 Forester HQ @ Level 3, thus a total of 15 YieldTrees

Reward Boosters (Core NFTs) __ Core NFTs can be bought off the secondary market (tofuNFT, NFTrade etc) - these can be attached to your YieldTrees to boost the daily return. There are three tiers: Tier 1 - +0.01 $FOREST/day Tier 2 - +0.025 $FOREST/day Tier 3 - +0.06 $FOREST/day

Future Phases (2 & 3) __ After launching, they will be moving into the 2nd phase of the protocol, which includes the launch of Evergreen NFTs (NFT representations of real trees that have been planted w/ pictures & geolocation tags) via their partnership with Treedom. A new..

token called $FRUIT, which will have its own treasury with various investments into reforestation projects. Phase 3 entails Forest Academy - a platform designed to reach out to & educate traditional investors on Forest Financial, Forest Marketplace & Growth Campaigns.

Affiliate Program __ There's an affiliate program that rewards the community for referring their friends & family to this initiative. When you mint an Evergreen NFT, a unique link is made available that you can share which offers 10% discount to new users + more $FOREST for you.

Concluding Comments __ Global warming is a very real problem that has great systemic risk on various habitats & ecosystems. In Traditional Business, every big corporation has initiatives that contribute towards their Triple Bottom Line, something clearly lacking in DeFi.

I strongly believe that every protocol should have a % of their generated revenues directed towards tackling global issues (hunger, deforestation, ocean acidification, malaria etc). I hope to see protocols like this set a new standard in not just DeFi, but in all of Crypto.

Risk Disclaimer: __ Investments into Cryptocurrency & financial instruments carries great risk, you may lose all your funds. Threads & Giveaways are not endorsements. Please conduct your own research to validate the points aforementioned.