Airdrop
The total value of the tokens is worth tens of thousands of dollars, with a total of $2.6 million in funds participating, with a 2% wear and tear in and out of the market.
Authored by Nan Zhi.
On July 5th, the liquidity aggregation investment strategy protocol Doubler announced the launch of the mainnet version Doubler Lite on Arbitrum. At the same time, a 5-day “liquidity airdrop” event will be launched, distributing a total of 500,000 DBR tokens to addresses holding C tokens. In this article, Odaily will explain how to participate in the airdrop event, analyze Doubler’s business logic, and provide a detailed explanation of the protocol’s operation process.
Basic information about the airdrop event:
Number of airdropped tokens: 500,000 DBR
Deadline: July 10th, 10:30 (UTC+8)
Participation method: Hold C tokens and distribute DBR tokens based on the proportion of C tokens held. The maximum airdrop per address is 1,000 DBR.
Distribution date: July 25th
Detailed process:
1. Visit the Doubler official website and prepare ETH or WETH (Arbitrum).
2. Invest ETH in the Investment module to obtain C tokens, E tokens, and 10x tokens (no gains in the pool).
3. Calculate the amount of DBR airdrop based on the amount of C tokens held. For example, if 1 ETH is invested and 2,866 C tokens are obtained, accounting for 0.107% of the total, 537 tokens can be obtained. Readers can also exchange other tokens for C tokens to get more airdrops.
4. Whether to exchange other 10x tokens and E tokens for C tokens depends on the reader’s strategy. If the goal is only to participate in the airdrop, it is recommended to exchange all tokens for C tokens to maximize the airdrop. If the goal is to use the protocol and gain benefits, readers can make different decisions based on their expectations of the market.
Please note that a 2% fee is charged for asset investment, withdrawal, and conversion, which should be included in the cost calculation.
Overview of Doubler:
Doubler Lite consists of four main modules, and its operation process is complex. Readers can focus on the core concepts and read the next section:
1. Martingale Strategy: Continuously invest in low-cost assets when prices fall to reduce average costs and maximize profits when prices rebound.
2. Separation of Revenue Rights: Separate the revenue rights and cost rights of assets and tokenize these rights.
3. Adaptive Inflation Management: Automatically rebases 10x tokens to ensure that the quantity remains at 10% of the pool cap.
4. Dynamic Redemption: Dynamically adjust the number of tokens redeemed based on the change in spot prices and the average prices in the pool to ensure the interests of users and the average price.
Martingale Strategy:
Martingale Strategy is a common gambling strategy that aims to compensate for previous losses by doubling the bets, ultimately achieving profits. Doubler applies the Martingale Strategy to cryptocurrency investments and solves the funding issue through crowdfunding. Every time the underlying asset falls to a certain extent, more funds are injected to lower the average cost quickly. In the latest version of Doubler Lite, the specific buying points are not restricted, and the market adjusts the purchase price through incentive mechanisms.
Asset Certificates: Separation of Revenue Rights
In Doubler Lite, the protocol separates the ownership of costs and revenues for assets injected into the liquidity pool. The C token represents the ownership of costs, while the 10x token represents the ownership of revenues. The E token can be converted into 10x tokens.
Doubler has designed a complex system for token minting and revenue distribution. In simple terms, when the value of the token exceeds the average price of the pool (for example, Ethereum drops from $3,000 to $2,000 and then rebounds to $3,000), there is a profit opportunity. Users can choose to share the profits using 10x tokens and C tokens, with a larger share of 10x tokens and a smaller share of C tokens.
Project Financing:
On January 30, 2024, Doubler, the liquidity aggregation investment strategy protocol, announced the completion of its seed round financing, led by Youbi Capital, with participation from institutions such as Bixin Ventures, Mask Network, Comma 3 Ventures, Pivot Labs, Continue Capital, Sanyuan Capital, Waterdrip Capital, DWF Ventures, Gate Labs, Formless Capital, MT Capital, and CatcherVC. The specific amount of financing has not been disclosed.
Token Information:
The total supply of DBR tokens is 100,000,000, with the following distribution:
– Liquidity Incentives: 40%, used to reward community users who use the product. This plan will be launched as needed after the mainnet goes live.
– Ecosystem Fund: 15%, used to incentivize partners and communities that make significant contributions to the ecosystem, promoting a more stable and healthier growth curve.
– Investors: 15%, 10% distributed during TGE, with a 3-month lock-up period and a linear vesting period of 24 months.
– Community: 10%, used to incentivize early participants and supporters during the testnet ITO stage. 50% distributed during TGE, with the remaining 50% to be distributed in the third quarter.
– Core Contributors: 10%, these tokens will be reserved as rewards for current and future team members. 0% distributed during TGE, with a 6-month lock-up period and a linear vesting period of 8 quarters.
– Advisors: 5%, 0% unlocked during TGE, with a 6-month lock-up period and a linear vesting period of 24 months.
– Marketing and Liquidity: 5%, 10% distributed during TGE, with a linear vesting period of 24 months.
In conclusion, Doubler is more friendly to users who are skilled at calculating the bottom and can reduce their leverage risks and strengthen their profits. However, the protocol’s overall design is quite complex, making it difficult for most users to calculate the gains and losses accurately, resulting in a higher difficulty in popularization. But based on the current level of participation, the airdrop still has a high value of participation.
Tags:
Arbitrum
Doubler
Ethereum
Airdrop
Financing
Source link:
https://foresightnews.pro/article/detail/63966