Introduction
cunoro is a decentralized reserve protocol on Avalanche Network based on the NORO token. Each NORO token is backed by a basket of assets in cunoro's treasury, giving it an intrinsic value that it cannot fall below. cunoro also introduces economic and game-theoretic dynamics into the market through staking and minting.
The big difference to all OlympusDAO Forks is, Cunoro is designed as a module system, which we going to expend more and more with autonomous revenue stream modules.
Additional Revenue Streams are
- Arbitrage
- Liquidations
- Liquidity Providing
Investors will suffer from large volatility and have a significant chance toward zero. ecosis and its Laboratories eLabs noticed that the OlympusDAO creates the strongest tokenomics of the DeFi world. We decide to bring the minting and protocol-owned liquidity to the real world and implement autonomous revenue streams modules to make rewards more sustainable and independed from growth!
Our goal is to build a policy-controlled system, in which the behavior of the NORO token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency. In the short term, we intend to optimize the system for growth and wealth creation.
The main benefit for stakers comes from supply growth. Staker harvests new NORO tokens from the treasury, the majority of which are distributed to the stakers thanks for the NORO tokens they offered. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for minters comes from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is in NORO and thus the minter's profit would depend on NORO price when the mint matures. Minters benefit from a rising or static NORO price.
cunoro is a fork of OlympusDAO on the Avalanche Network and is created by eLabs, the Web 3 Laboratioes of ecosis.
Most of the decisions are taken by the DAO (Decentralized Autonomous Organization) ecosis Laboratories
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Last modified 4mo ago