Oath to Launch oOATH in December
Recently, the team announced the launch of a new token — oOATH. The primary idea behind this token is to allow bOATH stakers to profit from yield farmers. The launch is set for December.
Key points about oOATH:
- Purchasing OATH through oOATH will cost participants half the price.
- The revenue generated from these purchases goes directly to bOATH stakers.
A significant portion of incentives for liquidity providers will be issued in the form of oOATH.
In essence, yield farmers working with ERN will be directly paying bOATH stakers for their profit.
Additionally, oOATH is a modular token, and new functions and options will be added to it over time.
These innovations are intended to stimulate the OATH ecosystem and enhance the capabilities of Ethos Reserve V2.
@ByteMasons
Now we’ve got pay2earn.
In december, our team will introduce oOATH.
oOATH is a token that lets $bOATH stakers earn revenue from yield farmers - literally making them pay to earn 😂
Here's a crash course on oOATH and Option Tokens:
First, let’s keep it simple.
1. oOATH lets you buy OATH for 50% off 👍
2. ERN generated through these purchases is directed to $bOATH stakers.
3. A majority of incentives issued to liquidity providers will come in the form of oOATH.
Basically, farmers of $ERN will be paying $bOATH stakers directly for their yield.
That's a pretty sweet deal, so let's dive deeper:
4. oOATH is modular. We will be adding new options over time, like zapping into bOATH, locking liquidity, or gaining exclusive access to NFTs or Chapter tokens.
5. oOATH will allow our protocols to achieve sustainable unit economics. Because each OATH emitted through oOATH has a price tag attached, we're brought closer to our goal of generating $1 in protocol revenue for every $1 of incentives.
6. oOATH will greatly increase the flow of capital through our ecosystem, thus giving us the power to solve problems more effectively as we add options and update parameters.
Sounding juicy? We agree!
oOATH is coming alongside changes we're making to $bOATH that we describe in detail here: https://twitter.com/OATHFoundation/status/1714354441061859345
Combined, these mechanics will invigorate the OATH Ecosystem and perfectly compliment the scalability and flexibility of Ethos Reserve V2.
If you've made it this far, let us know what centralized exchanges you'd like to see $OATH listed on!