@DominiumFi is a protocol built on POLYGON which goal is to connect the wealth of the cryptocurrency community to real-world wealth, and by achieving that it will bring the wealth back to the people.
Tag along to discover this unique protocol. 🧵
#DOM #POLYGON #NODE
Security
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✅Team KYC with @AssureDefi
✅Liquidity is held by a gnosis wallet
✅Treasury is held by Multi-Sig is
✅CTO is doxxed
✅Multiple Smart Contract Audits by CTDSec
KYC: tinyurl.com/2p8bf42e
Audit: tinyurl.com/yucjs55d
Gnosis Safe: tinyurl.com/2p8tvvyv
CTO dox: tinyurl.com/2p8hmdpp
What makes Dominium different?
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Like stated above Dominum aims to bring the real-world wealth to Defi and to achieve it proposes 2 things:
A DAO backed by real assets 🏛
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As a DAO, they will give you options to bond and staking, although this is not implemented, we know the APY for this will be realistic.
Bonding will be higher for the first month, and then it will be reduced to ~2%, while staking APY will be ~80%.
And here is where I get excited about them. They have a unique ingredient, apart from having part of the treasury in cryptocurrency, they keep the majority of it backed by real assets such as property, airbnbs, businesses, KDA K6 miners.
In a scenario where most projects have their treasuries comprised of nodes projects, stablecoins and other depreciating assets, being back by something that appreciate over time is huge! And this brings us to the second aspect of Dominium, the Revenue as a service model.
Revenue as a Service (RaaS) 💰
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To have access to RaaS you need to stake the NFT from DOMINIUM, much like any other node project, but different from most, the revenue will be backed by revenue-generating assets.
Initially, the node rewards will be ~300% to attract new investors and build the treasury and after 24 months it will be reduced to ~30%.
But how will they do that?
First, they will grow the treasure by 4 main revenue streams:
1️⃣ NFT sales via DOM or USDC (More on that later)
2⃣ Tuition fees via USDC
3⃣ Monthly tributes fees via USDC
4⃣ Bonding DOM via LP and others.
Once the treasury is built, the acquisition of real-world assets (RWAs) will be acquired through @centrifuge
Centrifuge bridges real-world assets into DeFi (“Decentralized Finance”) to bring down the cost of capital for SMEs and provide DeFi investors with a stable source of yield uncorrelated from volatile crypto assets.
Check here for more information: tinyurl.com/2p93n7j2
Next, they have partnerships with getstay.nl and other multimillion-dollar companies preparing properties for sale to the DAO.
The team already showed that they are willing to do all the legal process necessaries to hold the RWAs.
A brief break down of the fees:
Tuition fee 🏫
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Tuition is the initial Staking Fee required prior to staking your NFT Node for rewards. This fee is equal to 1 month of rewards for the NFT Node you’re wanting to stake.
Tribute fee 💰
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The Tribute fee is equal to 10% of a staked NFT Node’s rewards for that month. Once an NFT Node is staked, every 30 days this fee must be paid in order to claim rewards. This will always be required to be up-to-date to claim your DOM tokens.
Progressive Claim fee 💹
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One monthly claim will always be fee free, however, within a month, all claims beyond the first will pay a progressive fee. The more often a citizen claims rewards within a month, the greater the fee.
There will be no fee on the first claim in 30 days, 5% on the second claim in 30 days, 10% on the third claim, and maxing at a 20% fee at the fifth claim. Finally, something that incentivizes taking profits!
Penalty on grater sell 🐳
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Wallets that sell at an amount greater than 4% slippage (one sale affects the price ≥ -4%)will have their rewards reduced by 30% for two months
Overview of NTFs:
*These are the prices and rewards on the date of writing
Zeno
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Price: 22 DOM or $130 USDC
Reward: 0.20 DOM/day
Tuition fee: $27.93 USDC
Homer
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Price: 220 DOM or $1300 USDC
Reward: 2.2 DOM/day
Tuition fee: $315.74 USDC
Herodotus
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Price: 2200 DOM or $13000 USDC
Reward: 25.52 DOM/day
Tuition fee: $3,521.76 USDC
Ah, but this is Defi! Be early and make money, be late and be exit liquidity, right?
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No! Dominium team put a lot of thought on how to make the protocol sustainable and the launch fair. There was no token allocation, no VC, no team, no dev, no allocation at all!
In fact, one of the reasons I bought the NFTs early was the fact that I saw a couple of team members buy +20k of their NFTs.
Then there was the Human-Only Launch that was made available to all humans, and even then, they paid a premium for the DOM tokens, so they wouldn’t be able to dump at launch. The living proof of this is DOM chart that you can check here: tinyurl.com/3ypekh7w
And there is more! Remember that I said you could buy NFTs using DOM or USDC? The team has introduced a mechanism called Aequitas.
Aequitas works as an automatic price and supply balancer. If the price of DOM token rises too quickly, market participants will use USDC rather than DOM — reducing buy pressure. If the price of DOM falls, market participants will use DOM to mint NFTs — increasing buy pressure.
Overtime the price of DOM will increase and the cost in DOM for an NFT will decrease to maintain price points around ~$100, $1000, and $10,000. The goal is to keep the DOM price to ~20% growth per month. That's what I call steady growth!
Why I'm bullish? 🚀
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Dominium is unique and is bringing something new to Defi and the Node sphere. They are working hard to provide real utility for their tokens back with real word value. When buying DOM and staking your NFTs, you are investing to be a shareholder of real-state
The project scope is huge and there is a lot to be done yet, but the team is showing they are committed to the task. It's impressive the amount of documentation they have already, and I believe this will only evolve and be better with time.
Of course every project have their risks, this is a project for people with a long-term vision and long-term strategy, but if you are hunting for something sustainable, you should have a look!
Discord: discord.gg/2APA2Zcy
Twitter: twitter.com/DominiumFi
Site: dominium.finance t.co/D9n13UuPwe Gitbook: dominium-dao.gitbook.io/docs/ t.co/DDBMaPhTsB
Citizen Guide: dominium.notion.site/dominium/Dominium-Citizen-s-Guide-6f943ede6da24785a8b0345d7cb01c6b
Finance FAQ: dominium.notion.site/dominium/Dominium-Finance-a4f65a7226d047e387d0f8a520d00459
Medium: medium.com/@Dominium t.co/ayPBBiPo6D
Chart: dexscreener.com/polygon/0x9913a93c082fdc69f9e7d146b0e4ce9070d5a104 t.co/wwOJBkKnGP
Thank you for reading! This was my first thread on Twitter, and it gave a good amount of work, if you found it interesting RT and like so people can be aware of this fantastic project :D