cunoro
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Introduction

What is cunoro?

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.
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What is the point of cunoro?

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!
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.

How do I join?

There are two main ways: staking and minting. Stakers stake their NORO tokens to otters in return for more NORO tokens, while minters provide LP or FRAX tokens in exchange for discounted NORO tokens after a fixed vesting period.

How can I benefit from cunoro?

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.

Who created cunoro?

cunoro is a fork of OlympusDAO on the Avalanche Network and is created by eLabs, the Web 3 Laboratioes of ecosis.

Who runs cunoro?

Most of the decisions are taken by the DAO (Decentralized Autonomous Organization) ecosis Laboratories
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Last modified 25d ago