What are the Llamas? The Llamas is a Yield Farming platform that allows users to participate in activities on the Curve Finance ecosystem to earn rewards. Let’s find out what is special about this project with Weakhand in this article.
Before jumping into the article, you can refer to some of the following projects to better understand the article:
- Curve Finance’s operating mechanism
- What is Convex Finance? Convex Finance cryptocurrency overview
- NFTFi Trends: NFTFi growth momentum is full
What Are The Llamas?
Overview of The Llamas
The Llamas is a Yield Farming platform deeply integrated into the Curve Finance ecosystem, users can earn profits from holding The Llamas NFT or performing community-suggested tasks on the platform.
What are The Llamas NFTs?
The Llamas NFT is a collection of 1111 Llamas that act as a fiat NFT to track, manage reputation, and reward users in activities surrounding the Curve Finance ecosystem. Users can mint NFTs on the platform or buy on secondary markets such as: OpenSea, LookRare, …
The Llamas NFT supply allocation:
The Llamas NFT Allotment
The mechanism of action of The Llamas
The Llamas operating model follows these steps:
Step 1: Mint NFT users on The Llamas platform. Proceeds including NFT sales and a 5% royalty fee per transaction will be put into the Treasury.
Step 2: The Llamas will take this money to buy CRV and CVX Tokens and then provide liquidity to earn profits.
Step 3: The profits will be divided 50% to NFT holders The Llamas, 50% will be transferred to the Treasury. In addition, holders of The Llamas NFT can also participate in performing various tasks in the community to earn profits (I will talk about details in the following section).
What is the difference between The Llamas?
The Llamas deploys a community around The Llamas NFT holders. Each person participating in activities in the community will be given one Badges.
Initially, users can earn 3 different Badges corresponding to higher levels including: Raid, Class and Veteran. The more good Badges a user owns, the more “prestigious” they are and can offer other missions and Badge packages to community members. These tasks revolve around the Curve ecosystem including: Providing liquidity on Curve Finance, coordinating liquidity,… When completing the task, users will receive rewards of Token CRV, CVX,…
Investor
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Core Team
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Tokenomics
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Information Channel of The Llamas Project
- Website: https://www.thellamas.io/
- Twitter: https://twitter.com/WenLlama
- Discord:
summary
The Llamas is a novel project that combines NFT and Defi. Users not only simply speculate on NFTs to wait for price increases, but can also earn profits from the NFTs they hold. Hopefully this article has helped everyone gain interesting knowledge about The Llamas.
