What is FactorDAO? Factor is a decentralized infrastructure platform that helps users manage assets and mine digital assets with just a few clicks. Let’s find out what is special about this project with Weakhand in this article.
What is FactorDAO?
Recently, Camelot – Native Dex on arbitrum is receiving a lot of attention from the community. FactorDAO is the next project launched for sale at CamelotDex.
FactorDAO is a decentralized platform developed on Arbitrum that provides a variety of DeFi services to individuals and organizations in a secure, transparent, and community-driven manner.
MFactorDAO’s aim is to create an ecosystem that is both secure and accessible to everyone, where users have full control over their assets and can participate in the governance of the platform.
What is FactorDAO?
FactorDAO’s customers:
- User: FactorDAO targets individual users interested in DeFi services such as: yield farming, lending and borrowing as well as other financial products.
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Organizations: FactorDAO can also serve institutional clients interested in accessing DeFi services, such as hedge funds and other financial institutions
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Developers: FactorDAO can serve developers interested in building decentralized applications (dApps) such as: liquidity generation support,….
FactorDAO Operating Model
Products on the FactorDAO platform:
Products on FactorDAO
Tokenized Baskets: Helps asset managers easily create and manage investment portfolios in the form of a Vault (1 basket of assets). The funds in the Vault are managed by the asset manager, which cannot be accessed by anyone including the FactorDAO platform.
Yield Pools: Create Pools with different interest rates for borrowing and lending purposes. To borrow assets, users deposit collateral into Pools and borrow a corresponding amount of money. Lenders can also deposit money into Pools to earn interest.
Derivatives: Create decentralized derivative products on real-world encrypted assets such as: gold, physical commodities, stocks, etc. FACTORDAO allows investors to hedge positions or execute strategies comb market-neutral using a basket of assets and tokens on the platform.
FactorDAO launches Derivatives functionality in 2 phases:
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State 1: Implement trading options on highly liquid tokens such as WETH, WBTC
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Phase 2: Create any derivative on any underlying asset.
What is the FactorDAO Difference?
FactorDAO has brought the traditional asset management industry closer to the Crypto market. Now users can use FactorDAO to create funds like ETFs in traditional markets…. easily.
FactorDAO has also partly resolved the difficulty and complexity of liquidity provision on AMM and lending platforms,… helping users to access the DeFi world more easily. Platforms that need large amounts of liquidity and are not fragmented can also use FactorDAO to attract potential users.
Roadmap
Q3 2022
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Complete the team
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Complete financial model
Q4 2022
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Introducing the Alpha Testing version community
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Conduct a Private Sale
Q1 2023
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Testnet launches
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Public Sale
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Main launch
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Factor Open
Q2 2023
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Native synthetic assets
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Multichain
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SDK
Q3 2023
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AMM
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Native asset tokenization
Core Team
Update….
Investor
Update….
Tokenomics
On February 20, 2023, FCTR tokens on the FactorDAO platform will be opened for sale on CamelotDex.
The project revealed some detailed information about the token as follows:
Total supply: 100M
More than 80% of the supply will be distributed to users
FCTR Token Allocation
With FCTR tokens, users can Stake and lock for a period of time to receive veFCTR tokens. The longer the lock period, the more veFCTR you will receive.
With veFCTR users can:
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Vote on functions and parameters on the FactorDAO platform
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Receive 50% of revenue
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Participate in events organized by FactorDAO
Information Channel of FactorDAO Project
- Website: https://www.factor.fi/
- Twitter: https://twitter.com/FactorDAO
- Medium:
summary
FactorDAO is taking a new direction to help improve the problems encountered on Defi. Hopefully the above information helps you understand What is FactorDAO?
