What Is Concave?(CNV)
Concave is a community-driven, product and investment organization that aims to bring value to investors through the development of innovative DeFi products and active treasury management. At launch, Concave will introduce several novel solutions to grow its treasury while ensuring long-term investors receive the highest returns.
Important Points Table Of Concave
| Basic | Points |
|---|---|
| Coin Name | Concave |
| Short Name | CNV |
| Total Supply | 1,000,000,000 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Concave & Trade On Exchange?
MVP: Bonding-Staking
The Concave MVP Protocol is inspired by the general bonding- staking concepts popularized by Olympus. Whereas most other forked protocols penalize stakers in favor of treasury growth via bonding, Concave has been built from the ground up with a focus on delivering value to long-term stakers via bonding and staking mechanisms.
Composable bonding mechanisms have been designed to bring various bonding products to market and are implemented with back-end functionality to control supply inflation and optimize bond issuance as a function of market conditions. These mechanisms are underlined by a novel staking reward structure that incentivizes stakers through anti-dilutive bonding emissions and treasury dividends that are paid out in non-native tokens through treasury investment strategies.
Both bond positions and locked staking positions are implemented using NFTs to facilitate secondary markets. These ensure further revenue streams for investors and incentivize users to enter the most beneficial positions for long-term price stability and protocol health.
Bonding Mechanics
The implementation of bonding mechanics is built with the goal of offering bonds for virtually any ERC20 token, pricing model, and issuance model. This mechanism gives the Policy Team a vast arsenal of tools to increase Treasury, as both pricing and issuance are designed to support plug-and-play models.
Composable bonds allow for the constant innovation of new bonding products and pricing models to be put into production without the redeployment of smart contracts. Upon protocol launch, Concave will focus on fixed-term accrual bonding of stable coins and LP tokens using custom bond pricing models.
Bond issuance will be optimized and controlled by an off-chain algorithm that will manage target debt by generating a desired supply curve and accelerate bond issuance as a function of market conditions. Simply put, the protocol will maximize the value of the treasury with respect to supply.
In contrast, the Olympus model maximized supply with respect to the treasury. This ensures bond issuance is accelerated or decelerated when the maximum return can be rewarded to staked investors while aggregate supply growth is regulated.
Bond Pricing Model
Concave Coin custom bond pricing model leverages the idea of virtual AMM reserves popularized by Uniswap V3. Virtual reserves are used in conjunction with actual reserves to derive pricing. Policy can modify virtual reserves to directly influence bond pricing as well as price impact. Since the only direct influence users have on price is positive, we artificially create negative price action through a time based decay mechanism.
This AMM approach expands on the traditional xy=k market making formula by utilizing virtual values. The variables x,y, and k are a derivative of the real assets; since they are virtual, they can be adjusted dynamically to control the amount of slippage that occurs when calculating the bond price. Therefore, controlling for slippage adjusts the bond price with respect to the bond debt available and the size of the bond purchase.
Features
Non/Anti-Dilutive Emissions
Concave Coin staking pools will receive immediate compounded rewards to its position based on the supply inflation generated through purchased bonds. Each locked staking position will capture a percentage of supply growth as a function of CNV minted through our fixed-term accrual bonds.
Those in the longest locked staking position (the 1-year lock) will never be diluted and will increase their share of the market cap when other rewards are considered. This will be reinforced directly in protocol contracts through a staking cap on non-dilutive positions and the minimum price on bonds.
These components ensure all liabilities to protocol stakers are accounted for when CNV is minted. All staking positions will capture immediate compounded rewards to their staking positions through new supply issued on bonds. These rewards will be redeemable at the end of the users staking term.
Long term Emissions
Each bonding event creates an available rewards pool of CNV that can be rewarded. A surplus is generated after anti-dilutive rewards are paid to staking positions. A portion of excess emissions will be allocated to a long- term emissions pool that will be rewarded to stakers over vesting schedule. The remainder will be recycled back into bond issuance to protect treasury backing.
Concave rewarded to stakers will be capped at an aggregate APR controlled by Policy. This long-term emissions pool will grow over time allowing for continuous rewards to stakers regardless of bonding activity. Staking positions will receive a boost on these rewards according to term length. The longest locked staking position will receive the highest return while the shortest locked staking position will receive the lowest return.
Backing
After both reward pools are accounted for, a proportion of excess rewards will remain unminted. This factor is controlled by a variable in the protocol contracts to ensure regulation on inflation, price stability, and treasury backing per CNV.
Treasury Dividend
Concave Coin will actively manage its treasury implemented across a number of investment portfolios and product lines. These are documented in greater detail in later section. The yield return on these strategies will be paid out to locked stakers in the form of a dividend at defined intervals.
Stakers will receive a boost in their dividend according to staking term length. Dividend payouts will be allocated master chef style (ie. Non- native token) to ensure additional revenue streams for stakers while maintaining long term protocol health.
Tokenomics
Community + Public Sale: 90%
- Community WL sales
- Contributors pToken
- Special Dividends Rewards to community
- pToken Airdrops for NFT holders
Seed Investor presale 6.66%: 666,666 (bbtCNV)
- 1 month cliff, and fully vested over 12 months.
Team: 3.33% (pToken)
- Vested for 24 months with 2 month cliff via smart contract (pToken)