2022 Timeline Summary
Jan 15
- Releasing ver1 at the same timing as the Astar launch
- Just a snapshot of the April token distribution
April
- ARSW will be listed on CEX (e.g. Gate.io)
- Listing on CEX have to be 100M fully valuation, 200M TVL
- Releasing ver2 includes the real token distribution and the staking feature.
June
Launching ver3 includes the Lending feature (Like Trader Joe).
End of 2022
The Goal will be 1B TVL and 500M valuation
KGI
Reference:
April 2022
TVL 200M(TVL / TVL of Astar = 33%)
TVL of Astar: 600M(TVL of Astar / Valuation of Astar = 30%)
Valuation: 100M (TVL / ARSW Valuation = 200%)
Valuation of Astar: 2B (TVL / Astar Valuation = 10%)
End of 2022
TVL 1B(TVL / TVL of Astar = 33%)
TVL of Astar 3B(TVL of Astar / Valuation of Astar = 30%)
Valuation 500M (TVL / ARSW Valuation = 200%)
Valuation of Astar 10B (TVL / Astar Valuation = 10%)
ver 1 Jan 2022
Product Requirement
Smart Contract and Frontend are cloned by PancakeSwap v1
Smart Contract
- Swap
- Liquidity Providing (Issue LP token)
- How to measure who provide the liquidity
- Liquidity Mining
- Collect Fee 0.3% smart contract will be activated
- 0.25% to LP
- 0.5% to eARSW pool
- Token Mining(coming soon)
- Collect Fee 0.3% smart contract will be activated
Frontend
- Swap
- Liquidity Providing
- Liquidity Mining Estimated APY(Collect Fee is available, Mining is not activated, but will snapshot give away)
- Staking(Coming Soon)
Incentive (Jan - April 2022)
Planning
We will give away ARSW tokens to liquidity providers from Jan to Apr depends on the number of LP tokens. Liquidity Provider can get Fees from January and Token from April
The reason why just Estimated APY
We will lauch v1 mid of January due to Astar mainnet lauch
ARSW token will be launched April
We can’t liquidity mining using transferable ARSW token
APR calculation
24h volume / TVL = 20% (e.g. QucikSwap,Orca)
24h volume / TVL = 50% (e.g. Uniswap)
TVL 200M, Valuation 100M, Number of ARSW token 1B, ARSW token price 0.1$
0.25% * 365 days ≒ 1
Liquidity Providing Fee APR 20%
Last 24h volume * 0.25% * 365 days / staked pairs TVL
40M / 200M = 20%
ARSW Staking to eARSW pool Reward APR 40%
Last 24h volume * 0.05% * 365 days / staked ARSW * ARSW price
8M / 200M(20% of ARSW) * 0.1$ = 40%
ARSW Liquidity Mining(v1 Giving Away) APR 140%
APY 140% = 12% per month
80% Major pair 160M APR 60%
20% High APY pair 40M APR 200%
Monthly giveaway token is 40M * 12% * 4 month = 20M (20% of our valuation)
ver 2 Q1 2022
Product Requirement
- Smart Contract are cloned by PancakeSwap v2
- The frontend is created from scratch
Smart Contract and Fronted
Same as Pancake Swap v2
- Swap
- Liquidity Providing
- Liquidity Mining
- Staking
Incentive (April 2022-March 2023)
Liquidity Providing Fee APR 20%
ARSW Staking to eARSW pool Reward APR 40%
eARSW staking APR 30%
eARSW staking gets APR 30% as some altcoin on Astar
ARSW Liquidity Mining (v2) APR 60%
APY 60% = 5% per month
80% Major pair 800M APR 90%
20% High APY pair 200M APR 150%
Annual giveaway token is 200M * 60% = 120M (20% of our valuation 500M)
ver 3 Q2 2022
Add Lending Feature
- Vision is like Trader Joe on Avalanche
Team
Smart Contract
- Available
- TBD 1 Person
Frontend
- Available
- TBD 1 Person
Community manager
- TBD 1 person
Design
- Available
ARSW / eARSW Tokenomics
Revenues
- 0.3% Fee of all trades
- 0.25% to LP
- 0.05% to eARSW staking pool
ARSW token holders may stake their ARSW to eARSW and receive a share of the revenues.
Distribution
All ARSW tokens will be emitted according to the distribution portion.
Dev Team, Early contributors, and Investors are emitted at the schedule as public distribution to LPs.
Reference: Calculation Sheet
- Total supply
- 1,000,000,000 (1B)
- Initial Estimate Token Price
- ARSW = 0.1$
- Fully Diluted Valuation 100M
- Valuation on April around 30M
- Months to emit
- 24 months
Liquidity Mining
APR calculation
Mining Value = Total Current Value of Liquidity Mining (From this month to 12 months later)
TVL = TVL of staking pairs that are compatible with Liquidity Mining
Which is the Better CAKE or Quick / dQuick
CAKE
User Experience : Good
- Inflation of CAKE makes Higher APY for Staking 70%
- Automatic increasing CAKE is a simple incentive
Investor(and Team) : Bad
- In the long term, Inflation of CAKE makes dilution
- CAKE valuation is easy to increase, but CAKE token price is difficult to increase
- High APY, but Low CAKE price increasing
- If investors want to get profit from tokens (e.g. APY), they should LP and Staking
- CAKE valuation is easy to increase, but CAKE token price is difficult to increase
- In the short term, Higher APY can grow TVL so fast, can get good valuation because it depends on TVL
Sustainable Price : Bad
- Avoid inflation, have to burn token depending on emission.
- Need Utility, CAKE has some Utility for burning token
Quick / dQucik
User Expreience : Normal
- Quick makes on surface Mid APY for Staking around 35%, User can get 70% using dQuick
- Users can get the same APY as CAKE to staking dQuick 35%
- Quick staking 35% + dQuick staking 35% = 70%
- dQucik system is quite complicated
Investor(and Team) : Good
- In the long term, Quick will be deflated. Token price will be increased.
- Just simple staking makes good APY
- In the short term, complicated user experience makes Low TVL of beginners.
Sustainable Price : Good
- Deflation model, No need to burn
- User stake Quick to earn dQuick, and stake dQuick to earn Alt token.
- Market Supply(Selling Pressure) decreases, the price will be sustainable.
Reference
CAKE
Quick / dQuick
Research
PancakeSwap CAKE
TraderJoe JOE - xJOE
QucikSwap Quick - dQuick
Orca
Pancake Swap
- Swap fee 0.25%
- LP 0.17%
- Burn token 0.05%
- Others 0.03%
Quick Swap
- Swap fee 0.3%
- LP 0.26%
- Payback to dQuick 0.04%
Trader Joe
- Swap fee 0.3%
- LP 0.25%
- Payback to xJoe 0.05%
Orca
- Swap fee 0.3%
- LP 0.25%
- Treasury 0.04%(Can use anything, payback to stake…)
- Community Fund 0.01%
