# Welcome to Abacus 🧮
Stake and chill. 🏖
Abacus formed as a merger [between Ennead and Liquid Driver.](https://medium.com/@theennead.farm/abacus-lqdr-ennead-e1a35c6603e3)
Abacus is the easiest way to use DeFi. \
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We help users of ve3,3/Solidly exchanges by providing a liquid wrapper to the veTOKEN of the exchange and add passive yield strategies for those tokens.
Our motto is simple: **Stake and chill.** 🏖
Our team is comprised of DeFi degens who know what the trenches are like. Sit back and let us do the hard work.
# Why Abacus?
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.
### For users
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
### For exchanges
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
# Zero-Emissions Model (Real-Yield)
How Abacus is able to achieve Yield without any emissions
Abacus is able to provide true **Real-Yield** without relying on an emissions model artificially pumping the returns. This is done through optimizing existing infrastructure, such as the veTOKEN fee/bribing mode.
Returns are passed down to abcTOKEN stakers, giving natural yield from fee revenue on a service-- which is by definition "real-yield" as there are no artificial returns.
# Liquid Wrappers
abcTOKENs are liquid wrappers for their corresponding ve token.
* abcRAM is corresponding to RAM
* abcPHAR is corresponding to PHAR
* liveTHE is corresponding to THE
* and so on.
When users deposit their **veNFT**, they automatically receive a proportional amount of the abcTOKEN (abctoken is minted 1:1 with the exchange token). **abcTOKENs** are a tokenized, fungible representation of 1 **veNFT** locked with Abacus. Abacus automatically converts any rebases into abcTOKENs**,** and passes this along to **abcTOKEN depositers (fee distributor and autocompounder).**
### **abcTOKENs:**
* Are a tokenized version of **veNFT**
* Abacus automatically converts rebases into the abcTOKEN proportional to the users staked amount.
* If a user deposits the exchange token into Abacus, that **token** is locked into Abacus's **veNFT** as **veNFT,** in exchange the user receives proportional amount of **abcTOKEN**.
* can be staked into the platform to receive revenue
* Rather than staking **abcTOKEN**, users can also choose to contribute to the exchange correlated liquidity pool **token/abcTOKEN** for high APR in fees and emissions.
***Conversions and redemptions are closed 6 hours before epoch flip and 6 hours after epoch flip.***
### Conversions
*Conversions are the exit from a veTOKEN to abcTOKEN method. Conversions release sell pressure from the dex token by adding another exit channel which is intrinstically connected to the health of the dex.*
The main function for Abacus is providing liquid abcTOKENs through locked conversion. Locked veTOKENs can be converted to liquid abcTOKENs to be swapped, added as liquidity or staked in our autocompounder vault.
#### Dynamic Conversion Fee
*This example uses liveTHE but can be applied to all of Abacus's wrappers*
When converting veTHE to liveTHE, a dynamic conversion fee is applied. The fee is influenced by the balance of the stable LP on THENA and ranges from a minimum of 12.5% to a maximum of 70%. The dynamic conversion fee formula is:
`Dynamic fee = ($liveTHE_balance / $THE_balance) * min_conversion_fee`
**Example:**
If the balance in the liveTHE/THE LP is 1000 $THE and 2000 $liveTHE, the conversion fee would be:
`Conversion fee = (2000 / 1000) * 12.5% = 2 * 12.5% = 25%`
### Redemptions
*Redemptions are entryway for liquid abc token holders to redeem for additional veTOKENs on top of the usual 1:1 conversion. Redemptions add buy pressure to the abcTOKEN because the abcTOKEN must be purchased from the market to redeem through.*
Redemptions can provide a higher veTOKEN return if the peg is low.
*Redemptions have a flat fee of 3.5%*
***
### Additional yield
#### Fee Distributor (legacy)
*This vault type only exists for the live models from Abacus and will be deprecated when they migrate.*
Abacus's fee distributor streams rewards from the token wrapper's performance on the underlying dex.
#### Autocompounder
The auto-compounder represents another stride towards optimization and streamlining. Stake your abc tokens in our vault, and it will automatically compound all rewards generated by our veNFT into more of the abctoken.
Upon depositing abctoken into the vault, you'll receive a receipt token as proof of your deposit. The number of receipt tokens you receive is determined by the quantity of abctokens already in the pool and the current total supply of the receipt token. This ratio is initially set at 1 receipt token = 1 abctoken but will gradually increase over time due to compounding.
The ratio only changes as compounding events occur, which are then distributed to the pool and divided equally among all receipt token holders. This leads to each receipt token being worth more abctoken (resulting in an increased share of abctoken).
Here's how the compounding process works:
* Exchange rewards from bribes/fees are converted to abcTOKEN or the underlying dex token if abcTOKEN is over peg.
* Rebases for the abcTOKEN are streamed.
It's important to note that active harvesting of the vault is required to enable auto-compounding.
# Token Addresses
### liveTHE
Token: 0xCdC3A010A3473c0C4b2cB03D8489D6BA387B83CD
### abcTHE
Token: 0x60BBDbf72f3c00431FedE9F2887Ac6bFD2307F0C
### abcCLEO
Token: 0xCffbE0E73c750731EdB38C14Bc81A39dAc91819d
### abcPHAR
Token: 0xd5d0A9b3f2C264b955Ae7161cfA6D38A7aEa60a7
### abcRAM
0x9EfCFc5b49390FC3fb9B58607D2e89445Bb380BF
### abcNURI
0x330c43d22bD65a60FfeA93a197f04e87FaA27b70
### abcLYNX
0x4a2694fdf12ee1bf3d5c646ba66ea55ed8727850
# LQDR
Information about the LQDR token.
LQDR is the primary token for Abacus brought over from Liquid Driver. LQDR is the a non-inflationary yield bearing token that, when locked, provides yield from all of Abacus's deployments. LQDR deployments receive 8.5% of the yield from ve holdings on each chain, streamed every minute.
### Tokenomics
* Projected Annual Inflation Rate based on current total supply: 5.3%-7%
* Max Total LQDR Supply: 30,000,000
* Burn mechanism penalizes early exits and lowers circulating supply.
### Bribes
Abacus routinely bribes LQDR to dexes holding liquidity for LQDR. This is the only way to get LQDR by yield farming.
**THENA, RAMSES and LYNEX LQDR** **pools all receive weekly LQDR bribes.**
### qLQDR
qLQDR is the locked version of LQDR and provides yield from all of Abacus's deployments.
* **Flexible Locking Options:** Lock LQDR on your preferred chain, including Arbitrum, Fantom, Avalanche, BNB, and Optimism.
* **Multi-Chain Yield Claims:** Retrieve yields from any available chain.
* **Mirror batching :** We reduced qLQDR cross-chain mirroring by executing the mirroring for every deposit within an epoch. Once you minted qLQDR, you will have to wait for the next execution in order to see your qLQDR on any chains, it will be performed after epoch switch.
* **12-Week Lock Period:** Opt for a stable lock-in period without decay.
* **Early Withdrawal Option**: Withdraw your locked LQDR early with a 25% penalty fee. The LQDR taken from the penalty fee will be burned.
* **Expandability:** Potential to include additional chains in the future.
# Token Addresses
LQDR addresses across the chains
Multichain LQDR (axlLQDR) is powered by Axelar. It was first deployed on Arbitrum, but now exists on the chains below:
#### **FTM**
* **Address:** 0x4b6B3d425F82248996D77EcC3F3df1E500aaC1db
* **Network Name:** FTM
* **ANKR RPC URL:**
* **ChainID:** 250
* **Symbol:** FTM
* **Browser:**
***
#### **BSC**
* **Address:** 0x4b6B3d425F82248996D77EcC3F3df1E500aaC1db
* **Network Name:** BSC
* **ANKR RPC URL:**
* **ChainID:** 56
* **Symbol:** BSC
* **Browser:**
***
#### **KAVA**
* **Address:** 0x332c72dd7E77070740F01d2d35851c461585D5d0
* **Network Name:** KAVA EVM
* **RPC URL:**
* **ChainID:** 2222
* **Symbol:** KAVA
* **Browser:**
***
#### **ARBITRUM**
* **Address:** 0x816E21c33fa5F8440EBcDF6e01D39314541BEA72
* **Network Name:** ARBITRUM
* **ANKR RPC URL:**
* **ChainID:** 42161
* **Symbol:** ETH
* **Browser:**
***
#### **OPTIMISM**
* **Address:** 0x332c72dd7E77070740F01d2d35851c461585D5d0
* **Network Name:** OPTIMISM
* **ANKR RPC URL:**
* **ChainID:** 10
* **Symbol:** ETH
* **Browser:**
***
#### **POLYGON**
* **Address:** 0x0294D8eB7857D43FEb1210Db72456d41481f9Ede
* **Network Name:** POLYGON
* **ANKR RPC URL:**
* **ChainID:** 137
* **Symbol:** MATIC
* **Browser:**
***
#### **AVALANCHE**
* **Address:** 0x873ebFf537F58e96899f6EbA33dC07151Bc5818b
* **Network Name:** AVALANCHE
* **ANKR RPC URL:**
* **ChainID:** 43114
* **Symbol:** AVAX
* **Browser:**
***
#### **ETHEREUM**
* **Address:** 0x98504C8afa7c74c87a0641a7bb0F7968d4e8F471
* **Network Name:** ETHEREUM
* **ANKR RPC URL:**
* **ChainID:** 1
* **Symbol:** ETH
* **Browser:**
***
#### **LINEA**
* **Address:** 0x332c72dd7E77070740F01d2d35851c461585D5d0
* **Network Name:** Linea
* **RPC URL:**
* **ChainID:** 59144
* **Symbol:** ETH
* **Browser:**
# Abacus Team
Who are we?
**Operations:**
* Achi
* 0xJUSTICE
* King
**Development:**
* Sim
* Mentasuave
* MW
**Moderators:**
* Richeybai
* MonkeyMayhem
* 0xSmolBrainFarmer
* ALMIGHTY ABE
**Advisors:**
* Dog
* northpool
* Dr Liquid
# Platform Fees
Platform (performance) fees are handled automatically by the protocol, and all figures on Abacus's front-end already take into account this calculation.
## veTOKEN
#### Treasury
*10% from all wrapper fees and bribes*
#### LQDR
*8.5% from all wrapper fees and bribes streamed to qLQDR lockers*
#### LiveTHE autocompounder
*3%*
## veTOKEN deposit and redeem fee
Deposit ranges from 12.5% to 75% depending on peg
Redeem 3.5% fixed
# Contract Addresses
These are the contract addresses for The Ennead, as deployed on Arbitrum:
* **neadRAM Token -** 0x40301951Af3f80b8C1744ca77E55111dd3c1dba1
* **Treasury Address -** 0xe0474827e6ec1953300f4efab36bcfd535fb7e44
**V1:**
* **veDepositor -** 0x40301951Af3f80b8C1744ca77E55111dd3c1dba1
* **lpDepositor -** 0x1863736c768f232189F95428b5ed9A51B0eCcAe5
* **neadStake -** 0x7D07A61b8c18cb614B99aF7B90cBBc8cD8C72680
* **proxyAdmin -** 0xc6dae7d4A0791E0B37e4eDD9C93E0500D8369079
* **swapper -** 0x08f7F410cdA2969592508b54414245A84d464f25
* **timelock -** 0x531841Fe873e86713F8eA11F6964Da10dea4a279
**V2:**
* **feeHandler -** 0xe99ead4c038207A834A903FE6EdcBEf8CaE37B18
* **proxy deployer -** 0x5c46aCb4f4e76616DA63e3Cc3D40ce1E2312757E
* **v2ProxyAdmin -** 0x798BB666f3eBa0099d525D62d552e0BaB578D458
* **nfpDepositor -** 0xe99ead648Fb2893d1CFA4e8Fe8B67B35572d2581
* **tradeFeeHandler -** 0xe99ead9093eCE8f61C2A9E30Fb24cD709da7eEa3
**neadStake auto compounding vault:**
* **vault -** 0xF0cA868f6642366dd3a1EF22C7457a5D1dbca6E4
* **strategy -** 0x5445e0B853fBf68518b0b916f0C396B5CB4d478b
# abcPHAR
# abcRAM
# liveTHE
# abcCLEO
Token Address: 0xCffbE0E73c750731EdB38C14Bc81A39dAc91819d
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Pair Address: 0x903CB127D7f5d65a039a62aA4a6fBBb1AFf54658
# liveRETRO
# Official Links
These are the official links to Abacus's platforms
Website:[ abacus.tech](https://abacus.tech)
Twitter: [@AbacusFi](https://twitter.com/abacusfi)
Medium: [@EnneadFarm](https://medium.com/@theennead.farm)
[Discord](https://discord.com/invite/tFHQBXk2X7)
Telegram: [@abacus\_tech](https://t.me/abacus_tech)
# Risks & Legal Disclosures
As well as Abacus specific risks, users are also beholden to any risks that pertain to the underlying dex platform, as we integrate directly with them. Please also review their documentation and risk explanations before interfacing with either platform.
In case of an investigation by any federal entity or similar, Abacus does not have any involvement with the dexes supported nor with the people in it. We do not support any actions made by the members.
Abacus does not regulate, dictate, nor promise any monetary value to it's tokens. There are no guarantees of returns, benefits, nor is there an investment contract users are obliged to enter in agreeance with.
# Media Kit
Abacus and liquid wrapper logos
## Abacus Logos