Monday, November 15, 2021

INVERSE-yield farming: Decentralized time deposit with governance and oracles

**What is the purpose of Mac&Cheese and how did it come about?**The main goal of Mac&Cheese(XVMC) was to create something that would appreciate in value. The price of any asset is determined solely by it's buyers and sellers. The protocol is designed to create scarcity - remove potential sellers from the market and attract new buyers. In addition, XVMC also possesses all the qualities that make cryptocurrencies so valuable and sought-after: it's decentralized, works as a currency and time deposit(CD), it's made to create scarcity, has it's own governance and it offers yield/passive income to stakers. This is exactly what decentralized finance is supposed to look like. As the value of the protocol grows, it is made to evolve and provide additional services as a protocol.

  • Cryptocurrencies are already the highest appreciating assets in the history and biggest transformation of wealth
  • The main reason why cryptocurrencies were invented to begin with - is to eliminate the need for a trusted third party
  • XVMC protocol is operated as a series of smart contracts on Polygon network, made to be fully decentralized - without any one party having control
  • The price of any asset is solely determined by it's buyers and sellers. XVMC offers staking rewards to those who lock-up their tokens
  • As users lock-up their tokens, they are removing supply from the market, collectively creating a scarce asset
  • A similar concept is already being used by banks worldwide, it's called a certificate of deposit or time deposit. It is the biggest money-market in the entire world, worth more than store of value(gold, bitcoin) and all payment methods combined. Banks pay you higher interests if you commit your loan for a longer period.
  • Scarce assets tend to appreciate in value. New participants are attracted through periods of boosted rewards
  • Users act as oracles regulating the system(inflation, fees, rewards, bonuses, events,...)
  • Locked up stakers create the consensus mechanism - a way to upgrade and re-fine the protocol in a decentralized manner
  • A passive approach - users can stake and forget, while the protocol works in their favor and guarantees honesty amongst other participants
  • It is exactly what most people are looking for in a cryptocurrency: a hands-off approach with potential to appreciate in value, as well as an opportunity to earn yield/passive income
  • People like meme tokens, so all participants get DOGE420 and DOGE69 for free. it is a hedge against stupidity and they provide you with exposure to meme tokens
  • The protocol can hold NFTs - it could make XVMC more attractive as it would provide bigger managers an exposure to NFTs and MEME tokens, without having to speculate on any one given asset
  • XVMC is designed to increase it's value. It is fundamentally the most important project and it also includes all the neccesary psychological aspects to succeed. However, please keep in mind there are no guarantees of future value or success. While we believe the potential is enormous and the opportunity could be similar to getting in early on Ethereum at 0.3$... It should be considered as highly risky, is likely to be highly volatile, and could go to 0.
  • https://macncheese.finance/

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