$ROCKET's Yield
Last updated
Last updated
We formulated a dual token thesis that the best way to build a large treasury and sustainable ecosystem is to separate governance and price volatility into one token ($VERSE) and utility, treasury-building, and yield into a complementary token ($ROCKET).
$ROCKET is the first piece of our dual token structure, our utility token and stablecoin. This will be the currency used in our metaverse and throughout the CollectiVerse ecosystem.
The number of $ROCKET tokens will be backed 1:1 by USDC. Stakers will receive an NFT that pays above market dividend yields.
$ROCKET will pay yield through a secondary token such as USDC. Our plan is to give bonders / stakers materially higher yields when depositing their stablecoins with us than they would from investing on their own in Curve, Yearn, etc for reasons explained below.
The higher yields are achieved by having multiple and diverse sources:
CollectiVerse ecosystem revenue: Revenue generated within the Collectiverse ecosystem could be significant and grow as more projects and investors transact in our ecosystem and we launch the metaverse and other roadmap features. A percentage of all ecosystem revenue will be set aside for $ROCKET holders.
Treasury investments: Yield from treasury investments will be split between stakers of $ROCKET and the treasury.
Liquidity provider revenue: Shared revenues from $ROCKET’s liquidity pools with $ROCKET stakers.
Sales tax revenue: As an anti-whale measure to prevent whales and bots causing price volatility for $ROCKET and scalping dividends, we will implement a 10% tax on any sales of $ROCKET token (tax does not apply to those that convert from a planet's token). This tax will be split between $ROCKET holders and the treasury. The sales tax and price bands will work together to create a looping mechanism that grows the treasury and generates yield for stakers.
Collateralized lending: CollectiVerse plans to offer lending to the community through the $ROCKET protocol. $ROCKET holders will be able to borrow up to 85% of their ownership stake of the treasury (based on fully diluted $ROCKET outstanding) with no risk of liquidation. Yield earned from staking $ROCKET will go towards payment of interest and the loan. The $ROCKET protocol will benefit from interest earned on lending.
Larger dividend yields will be paid to community members that rank highly in our merit system.