Values is Metaverse Backup Protocol in Polygon Network

 About Blockchain

Blockchain is a decentralized public ledger. It is a network of computers that have identical copies of a database and change their state (records) to a common agreement based on pure mathematics. All this means that there is no need for a central server or any entity we trust (e.g. central bank, notary, bank, Paypal, etc.). Blockchain is the technological basis for all cryptocurrencies, be it Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is a smart contract, a piece of code that is stored on the blockchain network (in the database of each participant). It basically defines the conditions under which all parties use the contractual agreement. Therefore, if the required conditions are met, certain actions are executed. Since smart contracts are stored on all the computers on the network, everyone should run them and get the same result. This way the user can be sure that the results are correct.

What is Value?

Value is the Metaverse Reserved Protocol on the Polygon Network depending on the $VALUES token. Each $VALUES token is backed by a resource chest (e.g. MAI, FRAX) in the Value store, providing a non-negligible fair value. The Value Protocol provides the possibility to support NFT tokens to storage liquidity. Value brings the monetary and hypothetical elements of the game to the market through tagging and holding. Value is part of the fork path for OlympusDAO with its own turn applied to NFT Bonding for the metaverse space and in light of the Polygon organization.

How does it work?

At a high level, Value consists of a protocol-managed treasury, protocol-held liquidity (POL), bond mechanisms, and wagering rewards designed to control supply expansion.

The sale of bonds generates profits for the protocol, and the treasury uses those profits to print $VALUES and distribute them to stakeholders. With liquidity bonds, the protocol can accumulate its own liquidity. See the entry below on the importance of POL.

How can I profit from Value?

The main benefit to stakeholders comes from supply development. Beavers reap new $VALUES tokens from the repository, most of which are passed on to stakeholders who desperately need the $VALUES tokens they advertise. Furthermore, the benefits for stakeholders will come from their automatic reinforcement balance, but value openness remains a significant consideration. That is, assuming the increase in the symbolic equilibrium outweighs the expected decrease in costs due to the expansion, the stakeholders will create a profit.

The principle benefit for bonders comes from the consistency of values. Bonds deliver capital openly and are guaranteed a reasonable return at a specified time; returns are in $VALUES and in this way the bonder's profit will depend on the cost of $VALUES as the bond grows. Bonders benefit from increased or static $VALUES fees.

Why is PCV important?

Since the protocol controls the funds in its treasury, $VALUES can only be printed or burned by the protocol. This also guarantees that the protocol can always support 1 $VALUES with 1 DAI. You can easily determine the risk of your investment because you can rest assured that the protocol will forever buy $VALES under 1 DAI with treasury assets until there is nothing left to sell. You can't trust the FED but you can trust the code.

As the protocol accumulates more PCV, more runways are guaranteed for stakeholders. This means stakeholders can be confident that APY's current staking can be maintained for a longer period of time as more funds are available in the treasury.

What is Staking?

Staking is the main value accrual strategy of Values. Stakers stake their $VALUES on the Values ​​website for rebase rewards. Rebase rewards come from the proceeds of bond sales, and may vary based on the amount of $VALUES wagered in the protocol and the rate of return set by monetary policy.

Staking is a passive long term strategy. An increase in your stake of $VALUES translates into a cost base that continues to fall and converges to zero. This means that even if the market price of $VALUES drops below your initial purchase price, with a long betting period, the increase in your $VALUES bet balance will eventually outweigh the decline in price.

When you stake, you lock in $VALUES and receive the same amount of sVALUES. Your sVALUES balance is automatically rebase at the end of each epoch. sVALUES is transferable and therefore can be created with other DeFi protocols.

When you cancel a bet, you burn sVALUES and receive the same amount of VALUES. Unstaking means the user will forfeit the upcoming rebase reward. Note that canceled prizes only apply to the amount not wagered; remaining VALUES staked (if any) will continue to receive rebase rewards.

What is a bond?

Bonding(1,1) is a secondary value accrual strategy of Value. This allows Value to obtain its own liquidity and other reserve assets such as LUSD by selling $VALUES at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the price of the bond, the number of $VALUES tokens entitled to the bonder, and vesting requirements. Binders can claim multiple rewards ($VALUES tokens) when they vest, and at the end of the vesting term, the full amount will be claimable.

Bonding is an active short term strategy. The secondary bond market price discovery mechanism makes bond discounts more or less predictable. Therefore bonding is considered a more active investment strategy that must be monitored continuously to be more profitable than staking.

Bonds allow Value to accumulate its own liquidity. We call our own liquidity POL. More POL ensures there is always liquidity locked in our trading pool to facilitate market operations and protect token holders. As Value becomes its own market, in addition to the added certainty for $VALUES investors, the protocol derives more revenue from the LP rewards that strengthen our treasury.

Who runs Values

To date most of the choices have been made by the central group but the team hopes to have the option to quickly convert this to a DAO managed model with your help value expected to be Metaverse Backup Protocol. Currently they will aim for development. By joining NFT and sticking to the framework, Value can turn into a major OHM branch with NFT loyalty.

Roadmap

Values ​​aims to be the Metaverse Reserve Protocol. In the short term, we will focus on expansion. By combining NFT and bonding systems, Values ​​can become the first OHM fork with NFT loyalty.

Detailed roadmap coming soon…

For more information:

• Website: https://values.finance/
• Docs: https://docs.values.finance/
• Twitter: https://twitter.com/ValuesDAO
• Discord: https://discord.gg/xdNKGffeY2

Author : Homio

Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2865336

My pollygon wallet : 0x3e9D0A5f1eA321a35AAec9629827123860d7Ea09