Finance.vote dApp suite
The DeFi space moves incredibly fast, the number of innovations coming into the system is so amazing and out of this world. Yes, these innovations are groundbreaking but they can be difficult to navigate. This article is dynamically adjusted to context of finance.vote dApp suite.
Finance.vote has a list of applications they’re going to introduce into the cryptospace about 10–12 applications that are broken down to little use cases.
For now 3 applications has been launched with the remaining still in progress.
The first application is:
Market.vote
This is a prediction market, where you predict the token you think will gain the most in value over the next 7days. Users are presented with DeFi top 10 toknes drawn from coinmarketcap (token holders will henceforth decide what tokens that will enter the token list) and voting is done through quadratic voting.
In market.vote there is a vote window where people coming in and do their quadratic voting and a market window and this market is settled at midnight 7days later.
In this ballot 22 $YFI won it, so 115 votes share a 100,000 $FVT reward pool.
Because it’s quadratic voting, you can spread your wager out among the tokens you desire the most, especially when you’re in a situation you cannot actually decide between 2–3 tokens which one is gonna gain more. The more you put on the winner, the greater your share of the weekly 100,000 $FVT and the more power you get in the ecosystem.
2. Yield.vote
There is the Basic pool which is a simple basic liquidity mining process
Resident pool: Here, there is a large number of Lots with no minimum deposit, a token holder of any size can play on this pool.
Tycoon Pool: There is small number of Lots and large number of Deposit.
In this game, you can acquire properties, this little city scape down here.
the lights will come on when you occupy the lots, by simply saying how much tokens you’re depositing, what your burn rate is and you’ll be given an estimated return.
In a case when there is someone already in that Lot, you can occupy that Lot by creating a higher deposit rate and a higher burn rate. Voila! you’ve successfully evicted the person and have occupied the Lot automatically. It’s just that simple and fun to play.
3. Auction.Vote
This is a Decentralized Auction system for new tokens and NFTs, $FVT token was launched with this system. This works through a Decentralized fraction, it collects ETH and discovers a price and then lists tokens on Uniswap without any third party, it is non-custodial. Auction starts with a low price, but with a limited quantity. After they get bought all the available quantity for that price, it goes up a level in price which makes the token more expensive each time it is bought.
With more applications coming out, i’ll be glad to keep you updated as finance.vote is here to solve alot of problems facing the cryptospace.
Cheers mate!