DeFi DOJO presents official partnership with Thorstarter
To meet expectations of crypto geeks and with time getting closer to the release of our core product, we proudly announce our newest partnership.
DeFi DOJO chose Thorstarter as the facilitator of the pre-IDO phase. Thorstarter will also help during the IDO phase, in the form of a launchpad.
DeFi DOJO presents something truly unique in the vast sea of the crypto market — a combination of NFTs and assets generating interest denominated in crypto tokens in real time. This unique introduction to the crypto market is called “yield NFT”, or “yNFT”.
Enter DeFi DOJO
DeFi DOJO allows users to manage their assets without the use of traditional financial intermediaries such as banks and burdens of traditional finance. So, what happens when you mix DeFi yields with the other breakout blockchain use case of the past year — NFTs?
You get an interesting mix of both worlds. This is DeFi DOJO.
Why DeFi DOJO
DeFi DOJO yNFT model will allow the user to interact in a simplified (compared to other DeFi mechanisms) way with crypto ecosystems. Starting off with the yNFT generator, a mechanism where users will be able to choose NFT and DeFi assets (pre-defined by DeFi DOJO) to create a smart contract that will bind these tokens together, creating a yield yNFT hybrid.
An yNFT hybrid is a combination of a vault that contains DeFi based yield generating tokens and an NFT which operates as a unique key to the vault. On top of that, the vault smart contract has a built-in reward claiming and repurchasing mechanism that optimizes efficiency via an auto-compounding feature.
The current NFT market is filled with millions of NFTs lacking a specific use case. DeFi DOJO is aware of this and aims to give a real utility to every NFT related to the project. Advanced DeFi users will be enabled to compose their personalized yNFT ‘basket of assets’ with a user-friendly interface and, in some cases, have the possibility to accrue royalties in tokens. In DeFi DOJO you will find:
- yNFT Extractor — a mechanism that allows you to receive all accompanying tokens associated with a particular yNFT and claim potential gains generated by the yNFT hybrids.
- Marketplace for yNFTs — to make the path to DeFi more customer friendly, DeFi DOJO aims to introduce a NFT/DeFi hybrids marketplace where users can easily buy or sell, create or dismantle yNFTs injected with liquidity provider (LP) tokens, lending/borrowing tokens, and many others in the future. Such a pioneering platform will help acquire DeFi products in a more customer friendly manner.
- Dashboard with Analytics — an interactive DeFi DOJO hub presenting all users’ yNFTs, NFT Samurais, assets and statistics to manage your portfolio.
- User’s Profile and Onboarding — less experienced users will have a chance to get to know the DeFi DOJO ecosystem in an interactive manner. The onboarding model will focus on the information shared with new members — step by step in order to broaden their knowledge about the DeFi world.
DeFi DOJO is a one-stop, three-step solution to yNFTs. Accepted users will only need to:
- Determine a USD based amount
- Purchase selected digital assets
- Yield Bearing yNFT
This will offer a new way to acquire DeFi products.
Learn more about DeFi DOJO and its benefits here.
DeFi DOJO will use third-party DEXes’ liquidity pools like Aave, Quickswap and Curve during the very first iterations of the DOJO ecosystem. Aave’s aTokens will be the primary yield-bearing assets available early on when DeFi DOJO goes live.
The $DJO Token
The $DJO native token will have five primary benefits:
- $DJO Staking (single asset pool) — Providing $DJO rewards and a launchpad-experience, allowing whitelisted users to take part in periodical Mystery Box sales.
- Liquidity Mining (LP) — Users can use it to synthesize liquidity equity proof (LP), which can be utilized for unlocking and mining $DJO (when an equal amount of 2 assets is provided, e.g., a DJO/MATIC pair — this is the DEX providing liquidity).
- Rarity Farming — Combining yield NFT hybrids with NFT Samurais to earn $DJO tokens, based on the rarity score of elements that build your NFT Samurai as well as the amount of funds deposited into the yNFT that you own.
- Member Rights — Stake to obtain additional $DJO tokens and transaction discounts allocated by the DeFi DOJO Treasury.
- Community Governance — Users can participate in community governance by staking to initiate proposals and participate in voting.
The $DJO Pre-IDO
The $DJO Pre-IDO is currently live! For any groups or individuals interested in the DeFi DOJO project, and may want to participate in the Pre-IDO, you may contact Thorstarter here. Below are the initial details:
- Network: Polygon
- Token: $DJO
- Date: Ongoing
- Price: $0.06 (minimum amount for participation: $50,000)
- Vesting: 10% on TGE, then 10% unlocked quarterly in the 1st year, followed by 15% quarterly in the 2nd year
The $DJO IDO
The $DJO IDO will be launched on Thorstarter in Q2 2022. Here are the initial details:
- Network: Polygon
- Token: $DJO
- Date: TBA
- Price: $0.075
- Raise Size: TBA
- Vesting: 30% on TGE, 3-month cliff, then 10% monthly linear
Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad meets decentralized investment DAO. TS functions as a decentralized VC firm offering an array of services to partner projects. From investing in promising projects, to helping them market and build community, to performing their token launches in the Thorstarter app, Thorstarter is a premium, full suite incubation and launch solution that also helps building communities.
Thorstarter community members have the chance to invest alongside the Thorstarter treasury by entering Thorstarter Tiers with the $XRUNE token.
Thorstarter currently launches on THORChain, ETH, Terra, Fantom, and Polygon, with further chain expansions (such as Solana) happening in 2022.
⚡️ Website: https://thorstarter.org
⚡️ Telegram: https://t.me/thorstarter
⚡️ Telegram ANN: https://t.me/thorstarter_ann
⚡️ Twitter: https://twitter.com/thorstarter
⚡️ Blog: https://blog.thorstarter.org
⚡️ Discord: https://discord.gg/awmWNyWb
DeFi DOJO Links
✅ Website: https://defidojo.io/
✅ Twitter: https://twitter.com/defi_dojo_
✅ Telegram Group: https://t.me/joinchat/bmpIHHcO9CNjYTJk
✅ Discord: https://discord.com/invite/tUG4R5HH9r
✅ Medium: https://defi-dojo.medium.com/
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