🤔Why Abacus?
Last updated
Last updated
Abacus is an optimization layer built on ve(3,3) protocols. We aim to pool our collective resources to bolster the ecosystems, and to provide a seamless integration for all users. Abacus deploys a liquid wrapper token system that unlocks veTOKENs, provides yield on top of them while building up it's own vePOSITION to vote with. Abacus votes every week with it's veNFT position, capturing fees and bribes from the exchange, and streaming them to it's users. Abacus's veNFT position grows steadily as exchange users exit their veTOKEN positions, enabling Abacus to capture more of the exchange's fees and bribes.
Abacus provides users with additional utility on top of ve3,3/Solidly exchange tokens by:
Providing a liquid wrapper for every veTOKEN
Adding yield opportunities for the liquid wrapper
Exchanges benefit from integrating Abacus inside their models by:
Deploying a correlated dexTOKEN/abcTOKEN pool to prop up liquidity of the exchange token
Having an unlock feature for their veTOKENs, removing lock-fatigue or hesitation
Increasing native volume of the exchange
Receiving buybacks on the liquid wrapper token and the exchange token
Being a member of a growing partnership collective