FactorDao launching on @Camelotdex on 20th
Ape in? read this first!
📍In this thread
🔹What is Factor Dao
🔹Launch & public sale details
🔹Lambro Summary, thinking & speculation
📍Factor TLDR
It is a on-chain asset management with no-code platform where builders & asset managers can create vaults & strategies.
🏃Skip to my Summary & thinking if you dont want to read all of it
📍What is Factor Dao?
Factor Dao acts as a middleware that interconnects DeFi protocols across the ecosystem. These are 2 key users
🔹Vault Creators
🔹Depositors
*image credit @eli5_defi
🔹Vault Creators
They can be Treasury managers for daos, protocols or Asset managers that design & share strategies
These strategies are built on-top of whitelisted DeFi protocol
Factor dao’s no code infrastructure allows vault creators to focus on the strategy instead of tech
🔹Depositors
They are can be protocol treasury, passive yield farmers that want to automatically follow creator’s strategies
📍Protocol Revenue Model
Platform Fees shown as image attached
50% of the platform fees go to $veFCTR & 50% goes to the DAO
Users can lock their FCTR for veFCTR based on chart above
📍Team
@kurapika_DAO @crosschainalex @yanzero_ @___dimskuy___ @eli5_defi @LouisCooper_ @CoinCatalysts @owklama
📍Tokenomics
🔹10% Public Sale -fully unlocked and distributed via Camelot DEX using a custom fair launch model
🔹20.8% Ecosystem incentives - fully unlocked for ecosystem growth
🔹4.2% Community Booststrapping - was priced at $0.05 and is linearly vested over a 12-month
🔹15% Team - This allocation of 15% is vested over a 24-month period.
🔹50% Treasury - 50% is vested over 3.5 years
📍Launch & public sale details
🔹Where: A custom sale page provided by Camelot DEX
🔹When: 20 February 2022 at 18:00 UTC
🔹Until: 24 February 2022 at 18:00 UTC
🔹Accepted payment: $USDC
🔹Starting $FCTR price: $0.10 per $FCTR
🔹Allocation: 10,000,000 $FCTR (10% of total supply)
🔹Total max supply: 100,000,000 $FCTR
🔹Min/max allocation: none
🔹Hardcap: none
🔹Vesting: none, ****100% unlocked
📍Lambro Summary, thinking & speculation
First, please take this with a grain of salt coz i am a fan of this project, and love to get involved and get myself a vault if possible @kurapika_DAO
hook a bro up from fungi alpha pls? @LouisCooper_
Let's look at this project in these points
🔹Project sector
🔹Team & execution so far
🔹Tokenomics
Then will look at how i would play it
🔹Project sector
TLDR good market with proven demand, factor dao’s creator vaults might be able to overcome the problem of cores of vault protocols.
First, vault protocols have always been something that's challenging because of the constant requirement to develop new strategy ideas, quants and education/marketing to public that is required.
On the other hand their is clear market demand for it, reference @UmamiFinance @rage_trade or even older protocols like @alpacafinance
💭Thinking
❓Will the creator vault model solve the problem of constant require to develop new vaults?
🔹Team & execution so far
TLDR
This is almost as good as it gets for defi native investor & team list on arbitrum
👥Team is defi native & on-point, they have best defi educator in the space like
@LouisCooper_ @crosschainalex @eli5_defi
not some bullshit ex goldman sachs google those kinda crap
Look at their tweet materials & gitbook, clear easy to understand
@FactorDao community around also involved
@onchainwizard @ericcryptoman @cryptokaduna @thorhartvigsen @chadcaff @thedefisaint @samuelxeus @daochemist @moonking___ @astrologycrypto @riddlerdefi @0xunihaxor @crypthoem @0xthade
This is ur whole marketing & defi brains ready for u.
🔹Tokenomics thinking
- 210k was raise at 5m fdv for community bootstrapping - linar vesting over 12months
- Fair launch start from 10m fdv - 0 locked
- Token will heavily depend on its TVL, Fee,veFCTR
📍Thinking of how i would play it
Some questions i asked myself
🔹am i bullish on “vault” sector?,
50/50 i trust my quant friends & my strategies more
✅am i bullish on team & execution so far?
Fucking yes so far on marketing and BD, keen to see how their strategies work
🔹Tokenomics
Fair, the early investors are all good investors that can provide value, not just invest and walk away guys. 5 FDV is a cheap (i wish i got in) but at the same time it's only a small proportion.
🔴The main concern i have is camelot hype will push the valuation too high like for $trove in the fair launch. Tbh for factor dao it might be better to do whitelist at a fix valuation so the valuation would be push too high
🐑How i would play it
I want to be involved for sure just depends when.
I’d probably invest a small size if valuation is under 20m, and monitor how the protocol tvl & fee grows and the strategies they are launching to decide whether i should continue to go in.
This is mainly to avoid moonboys pushing the auction valuations too high n end up no supporting on the price
🔹Overall I like the protocol, the team looking forward to how will it will grow
Thanks for reading if i can write a thread a day u can like a theard a day make a difference in lambro's life
Comment "🐑 " + ur icon if u like!
I would be super careful with the ICO. The TROVE ICO was a scam facilitated in the same fashion on Camelot Dex. Camelot have done nothing to try and safe guard the investor and are launching scams. DO NOT BUY THIS TOKEN