VALUES

 

Abstract

DAO values  are organizations to realize and implement very significant changes in the application of economic theory. This shift can be expressed in the following way: in the digital economy, the economic forces of demand versus supply are  generalized  to the forces  of internal coordination  versus  price coordination . Supply and demand is only concerned with price coordination, while entrepreneurship/self-organization (which is outside of neo-classical price theory) is concerned with internal coordination. The internal coordination theory framework is able to explain economic productivity and intrinsic value in   the digital economy , as distinguished frommore specific  material economy. Internal coordination is still under-appreciated as a form of economic productivity, especially regarding the digital economy. Internal coordination is separate from the forces of supply and demand, and it is this that  balances  or  regulates  supply and demand. Thus, this is what motivates self-correction and natural self-regulation by market participants themselves from within the market. The market needs a human being, an entrepreneur, to recognize and solve existing coordination problems, beyond the price mechanism. This happens through the negotiation of social norms.Markets are only self-regulating and self-correcting insofar as common sense norms are negotiated and shared by day-to-day participants, through internal coordination. The dynamics of internal coordination versus price coordination was first articulated in transaction cost economics, by Ronald Coase in his essay The Nature of the Firm (1937), and later by Douglass North in Transaction Costs, Institutions, and Economic Performance (1992). Transaction costs are essentially the extra-monetary communication costs of operating in the marketplace. They include the costs of planning, deciding, and deliberation. Fundamentally, transaction costs reflect normative rules that govern themselves and regulate market activity internally.

What is Value?
Values ​​is the Metaverse Reserve Protocol on the Polygon Network based on the $VALUES token. Each $VALUES token is backed by a basket of assets (e.g. MAI, FRAX) in the Value treasury, providing an intrinsic value that cannot fall below it. Values ​​Protocol provides the possibility to support NFT tokens to treasury liquidity. Value introduces economic dynamics and game theory to the market through betting and bonding.

Partially forked values ​​for OlympusDAO with its own twist applied to NFT Bonding for the metaverse space and based on the Polygon network .

 

What is Value for?
Our goal is to build a policy-driven liquidity system for the NFT metaverse space, where the behavior of the $VALUES token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize stability and consistency so that $VALUES can function as a global unit of account and medium of exchange currency in a decentralized metaverse. In the short term, we intend to optimize the system for growth and wealth creation .

How do I participate in Values?

There are two main strategies for market participants: staking and bonding. Shareholders stake their $VALUES tokens in exchange for more $VALUES tokens, while bonders provide LP or MAI tokens in exchange for discounted $VALUES tokens after a fixed vesting period.

1. Key benefits to stakeholders come from supply growth. ValuesDAO harvests new $VALUES tokens from the treasury, most of which are distributed to stakeholders thanks to the $VALUES tokens they offer. As such, the profits for shareholders will come from their automatic pooling balances, although price exposure remains an important consideration. That is, if the increase in the token balance exceeds the potential drop in price (due to inflation), the stakeholders will profit.

 

2. The main benefit for bonders comes from price consistency. Bonders provide upfront capital and are promised a fixed return at a specified point in time; the return is in $VALUES and thus the bonder's profit will depend on the price of $VALUES when the bond matures. Bonders benefit from rising or static $VALUES prices.

 

Who creates Value?
Values ​​is an offshoot of OlympusDAO with a twist applied to the NFT space on the Polygon Network that will help other projects build a decentralized metaverse. Our core team has combined experience in computer science, cryptography, economics and design. Followed by years of experience in crypto. We prefer to remain anonymous for the success of this project because of our goal to be a Decentralized Autonomous Organization.

 

Who runs Values?
Currently, most decisions are taken by the core team, but we hope to turn it into a DAO regulated model as soon as possible with your help!

 

What is Staking
Staking is the primary value accrual strategy of Values. Stakers stake their $VALUES on the Values website to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of $VALUES staked in the protocol and the reward rate set by monetary policy.

 

Staking is a passive, long-term strategy. The increase in your stake of $VALUES translates into a constantly falling cost basis converging on zero. This means even if the market price of $VALUES drops below your initial purchase price, given a long enough staking period, the increase in your staked $VALUES balance should eventually outpace the fall in price.

 

When you stake, you lock $VALUES and receive an equal amount of sVALUES. Your sVALUES balance rebases up automatically at the end of every epoch. sVALUES is transferable and therefore composable with other DeFi protocols.

When you unstake, you burn sVALUES and receive an equal amount of VALUES. Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked VALUES (if any) will continue to receive rebase rewards.

What is bonding?
Bonding(1,1) is the secondary value accrual strategy of Values. It allows Values to acquire 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 bond price, the amount of $VALUES tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards ($VALUES tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.

 

Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking.

 

Bonding allows Values to accumulate its own liquidity. We call our own liquidity POL. More POL ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since Values becomes its own market, on top of additional certainty for $VALUES investors, the protocol accrues more and more revenue from LP rewards bolstering our treasury.

(1,1) Bonding

• 1,1 Bonding is the process of buying regular 1,1 Bonds
• Users can swap selected tokens (usually stable coins like DAI and USDC) or LP pairs directly with the Protocol in exchange for discounted $VALUES tokens.
• This allows the Protocol to build reserves of stablecoins which help grow the project and allow us to offer attractive APYs.
• In return, Bonders will receive a linearly vested supply of discounted $VALUES tokens which can be redeemed and staked or traded.

(4,4) Bonding

• 4,4 Bonding is very similar to (1,1) bonding with some differences
• The rewards for a 4,4 bonds are paid in sVALUES(staked $VALUES) instead of $VALUES
• Complete Value of 4,4 bond is staked, not separated into epochs
• Your rewards compound as they are vested, meaning you don't have to stake them, after claiming them
• Bonds have a vesting period of 5 days and you can claim at the end.
• The percentage shown in sidebar is ROI (Return of Investment) after 5 days and not discount.
• Breakdown of percentage is show on the bonds page
• In below example ROI is 12.28 = 0.70% (discount) + 11.58% (Rebase rewards on complete amount)

 

Note: When you earn sVALUES, you get rebase rewards even if you don't claim them.

Claiming just moves VALUES from contract to your total staked amount.

Learn More:

Website: https://values.finance/

Twitter: https://twitter.com/ValuesDAO

Discord: https://discord.gg/xdNKGffeY2

Telegram: https://t.me/valuesDAO

Author

Forum Username: kilmatulula47
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3418981
Telegram Username: @kilmatul
BEP-20 Wallet Address: 0x61dB056886d62c409F79f3C5EB57863228f91895