Matter Defi ⚫⚪ (@matter_defi) profile picture

Matter Defi ⚫⚪

@matter_defi

Truly sustainable yield farming on Tezos. 100% of staking fees are used to buyback and burn $MTTR. Live on mainnet! #tezos

 Tezos
matterdefi.xyz
Joined November 2021
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Photo by Matter Defi ⚫⚪ (@matter_defi)Photo by Matter Defi ⚫⚪ (@matter_defi)
🔲 $MTTR emissions winter is in full effect ❄️ We are in the lab designing new $MTTR burning DeFi utilities, to increase platform revenue. Our goal is to make Matter the best place to start your DeFi project 📈 Stay tuned! More information to come 🔲
Image from Matter Defi ⚫⚪ (@matter_defi)
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🔲 Expanded pools on Matter Core are active! We fixed a display issue that was preventing users from staking. They are fully operational now and buybacks should begin in a few hours. $USDC $WTBC $WETH $MTTR
Image from Matter Defi ⚫⚪ (@matter_defi)
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🔲 Matter Update! Over the past few weeks we have had a period of rapid expansion, increasing MTTR rewards by a massive 30x! For long-term sustainability, expansion must be followed by contraction. To this end, we will be reducing emissions to 1/2 the current baseline. Read 👇
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This change is necessary to secure the stability of the core tokenomics and MTTR price. This change will be staggered over 5 weeks to smooth out any APR shocks. We will be cutting rewards to 10% the current baseline, then increasing by 1.5x every week to hit our target.
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We appreciate your patience as we learn how to balance rewards with long-term sustainability. During this 5-week period, GC and SalsaDAO will come together to ratify a formal economic policy for Matter DeFi and turn over full Matter Core administration to the DAO. 🔲
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🔲 Matter DeFi Update! @Salsa_DAO Governance has injected and approved SDIP-1, which means the next Matter Core configuration is set! New config can be viewed on matterdefi.xyz/#/configs Want to know why Matter DeFi can safely increase rewards? Read more 👇
Matter DeFi - Sustainable Yield Farming

Matter DeFi - Sustainable Yield Farming

Sustainability via Automatic Buyback and Burn

matterdefi.xyz
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more replies
We hope the farming (and burning!) experience has been enjoyable for our users. Please use the link above to check out the upcoming configs and plan your farming strategy. If you are new to Matter DeFi, check out our guidebook for help 👉 guide.salsadao.xyz/matter-de…
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If you are interested in the governance aspect of the rewards increase, join the SalsaDAO Forums! forum.salsadao.xyz/t/sdip-1-…
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Don't just take our word for it. Check out community feedback on Matter DeFi tokenomics and features! 🔲👇
👨‍🍳 (@BakingBenjamins) profile picture👨‍🍳
@BakingBenjamins21 Dec 2021
matterdefi.xyz/#/ You know what's better than 300% APRs? An underlying token with native deflationary properties & a fair launch that doesn't lose 100% of its value every week. #Tezos #SalsaDAO #MatterDeFi #GeniusContracts #SpicySwap

Matter DeFi - Sustainable Yield Farming

Sustainability via Automatic Buyback and Burn

matterdefi.xyz
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Light UI update on matterdefi.xyz 🔲 We've added a live display of total emissions and total $MTTR bought back and burned by the protocol. Matter DeFi has bought back and burned ten times the amount of its total emissions!🔥
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We will be monitoring the performance of farms going forward. The plan is hold scheduled reviews of farm performance with SalsaDAO and use proposal-based governance to decide on farm, fee, and reward changes. This will give Matter DeFi the flexibility to react to the market🔲
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One day of Matter DeFi farming is in the books! Automated buyback and burn is fully functional, and 7.7k $MTTR (388xtz value) has been burnt on the first day 🔥 Almost 1 month of $MTTR emissions are already paid for! This is the power of Matter DeFi tokenomics🔲
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Farming is live on Matter DeFi, head to matterdefi.xyz to stake, earn, and compound $MTTR rewards 🔲 Once again we'd like to thank IFO participants and the #tezos DeFi community for the successful launch. Already, 270xtz has been used to buyback and burn $MTTR!
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Full farming on Matter DeFi goes live in ~1.5 hours. Use matterdefi.xyz to stake. Wondering about available farms? Heres the lineup: LP Farms (all paired with WTZ, fees apply): $USDtz $kUSD $uUSD $BTCtz $tzBTC MTTR farms (no-fee): $MTTR/WTZ $MTTR (For compounding)
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And thats a wrap on the Big Bang IFO! No major issues, 1,000,000 $MTTR cap has been hit and rewards have stopped accruing. Feel free to claim $MTTR rewards at your leisure, no rush. We want to thank the community for a smooth IFO. Now the real fun begins 🔲
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2 Hours left in the Big Bang IFO Farm! Keep claiming 🔲 This farm is capped, and stops emitting rewards after 1,000,000 $MTTR is hit. You can still claim your past rewards after the cap is hit. We've finished wiring the buybacks, and we're ready for full farming in ~5 hours! 🔲
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