πTLDR - I'm in a hurry!
Whitepaper Summary
Mission & Vision
The WARREN protocol aims to establish a decentralized, inclusive, and equitable financial system. It envisions a fully decentralized system where community engagement guides decision-making through democratic voting.
Technical Specifications
Ticker: WARREN
Network: PulseChain
Token Standard: PRC-20
Bonding Mechanisms: 20/30/40-day periods for token acquisition
Bond Pair: DAI-WPLS LP Token - V1
Price Regulation: Decentralized and contingent on community behavior
Liquidity Management: All liquidity is held within the WARREN & PulseX Smart Contracts.
WARREN Smart Contracts
V2 Pair - 0x2EeB1f82e5672Ef6845E2133e596d401E000DAf2
V2 Router - 0x367757BEa8CfC82235704b6f424c5d50B4D7F551
Protocol - 0x426111b74Aadd64c10269D2DdaEf182C618bD4df
Warren SparkSwap sDAI-DAI Treasury - 0xEd68a7bB35ca36B27170B7bDAD616629e9FE9867
Audits
OxGuard Audit - Click to View
WARREN Bonds & Bonding
Bonds: A WARREN Bond is essentially a transaction where you use DAI-WPLS LP tokens to purchase WARREN tokens. However, the uniqueness lies in the fact that these WARREN tokens are not immediately available. They are "locked" for a specific number of days as per your decision.
Bonding: When creating the Bond, you get to decide for how many days you want the WARREN tokens to remain locked. This is a crucial aspect, as it adds a time element to your investment.
Maturity: After the locking period expires, the WARREN tokens will be unlocked, and the time you choose affects the bonus you receive:
After 40 days, there is a +40% bonus on the spent DAI-WPLS LP amount.
After 30 days, there is a +30% bonus on the spent DAI-WPLS LP amount.
After 20 days, there is a +20% bonus on the spent DAI-WPLS LP amount.
WARREN Zapper: Our WARREN Zapper is a specialized tool meticulously crafted to enhance the user-friendliness and efficiency of the process of creating LP tokens,. This distinctive contract automates key steps involved in depositing liquidity and issuing DAI-WPLS LP tokens within the framework of the WARREN ecosystem. All you need to do is select the token you want to ZAP into DAI-WPLS LP and let the tool automate the process for you.
WARREN Liquidity Staking
The liquidity staking system allows participants to contribute WARREN tokens from their Bonds. This contribution encompasses both the immediately available tokens and additional ones, the quantity of which depends on the duration the tokens are locked within the Bond. Users are also required to pair DAI-WPLS tokens with their existing Bonds to engage in staking. For instance, if a Bond holds 1,000 DAI-WPLS, an additional 1,000 DAI-WPLS must be added for liquidity staking. This process can be envisioned as a collective effort where everyone combines their tokens, augmenting the size and value of the staking pool.
Base Yield: The foundational daily stacking Yield for WARREN stakers is established at 2%, ensuring a consistent base of rewards.
Hold Bonus: Participants who abstain from claiming or selling for a continuous 24-hour period receive a Hold Bonus, augmenting their daily yield by an additional 0.05%. This bonus undergoes updates every 24 hours.
Personal Bonus: A Personal Bonus is granted to participants, adding 0.05% to their daily yield for every 153,129 DAI-WPLS LP added. This bonus serves as a reward for users contributing to the overall liquidity of the program.
Liquidity Bonus: Introducing an additional layer of reward, the Liquidity Bonus offers participants an extra 0.1% to their daily yield for every 4,287,612 DAI-WPLS LP present in the liquidity pool. This bonus is designed to incentivize active contributions to the liquidity of the staking pool.
Maximum Profit: To maintain equilibrium and discourage excessive growth, the staking mechanism ceases earnings generation when it reaches 175% of its original value. This limitation is a crucial safeguard promoting stability and mitigating speculative behavior within the WARREN liquidity staking ecosystem.
Rehypothecation Strategy
Rehypothecation in the WARREN Protocol involves a bonded token pair, namely WARREN and DAI-WPLS LP token, to create synergies within the protocol. The DAI-WPLS pair, acting as an LP token on PulseChain, is formed when users contribute to a liquidity pool, signifying the level of liquidity provided. DAI-WPLS LP tokens on PulseChain are crucial to the broader tokenomics of the WARREN protocol.
The protocol's rehypothecation strategy aims to automatically utilize DAI-WPLS LP tokens within Pulsex's DAI-WPLS farm when users stake, contributing to the protocol's external revenue. Pulsex integration offers additional opportunities for yield farming and rewards, with benefits injected back into the WARREN Protocol.
Referral: Incentive Program
The incentive program initiates with a 2.5% base reward rate, providing an enticing starting point for participants. However, active contributors can unlock higher reward rates, reaching up to 10%, by significantly increasing the Total Value Locked (TVL) in the protocol.
Your assigned level in the incentive program is determined by the TVL generated from your referrals, spanning up to 5 levels. The TVL-linked reward increase follows a tiered structure, progressively rising from 2.5% to 10%. This dynamic tier system ensures fair distribution and guards against potential manipulation by meticulously calculating rewards based on tier differentials among users.
Disclaimer: None of the content published by WARREN Protocol should be interpreted as financial advice. Your interaction with websites or decentralized applications (products) is undertaken at your own risk. There is no guarantee of performance, and market participants are responsible for conducting their own due diligence before engaging with any aspect of the ecosystem.
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