Trapeza Protocol
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Introduction

What is Trapeza Protocol?

Trapeza Protocol is a decentralized reserve currency protocol available on the BSC(Binance Smart Chain) based on the FIDL token. Each FIDL token is backed by a basket of assets (e.g. BUSD, wBNB, FIDL-BUSD LP, etc.) in the Trapeza Protocol treasury, giving it an intrinsic value that it cannot fall below. Trapeza Protocol also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

What is the point of Trapeza Protocol?

Our goal is to build a policy-controlled currency system, native on the BSC network, in which the behavior of the FIDL token! In the long term, we believe this system can be used to optimize for stability and consistency so that FIDL can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.

How do I participate in Trapeza Protocol?

There are two main strategies for market participants: staking and bonding. Stakers stake their FIDL tokens in return for more FIDL tokens, while bonders provide LP or BUSD tokens in exchange for discounted FIDL tokens after a fixed vesting period.

How can I benefit from Trapeza Protocol?

The main benefit for stakers comes from supply growth. The protocol mints new FIDL tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in FIDL and thus the bonder's profit would depend on FIDL price when the bond matures. Bonders benefit from a rising or static FIDL price.

Who created Trapeza Protocol?

Trapeza Protocol is a fork of Olympus on the BSC(Binance Smart Chain). Our team is mostly anonymous, born from the DeFi Community. We aim at becoming a Decentralized Autonomous Organization, and we are actively working towards that goal.

Who runs Trapeza Protocol?

Currently most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!

Disclaimer

Team Trapeza provides the upper contents based on the business plans and progress as of now. However, Team Trapeza assumes no responsibility or liability for any errors or omissions in the content. Moreover, Team Trapeza is not providing the contents in order to provide any suggestions regarding investors' decision rather the information contained is provided on an "as is" basis with no guarantees of completeness, accuracy, usefulness or timeliness. All content and related material to Trapeza Protocol IS NOT FINANCIAL ADVICE.
Last modified 5mo ago