For DeFi Users: The DeFi space is becoming ever more complex for the average user. Gone are the days where you can simply take risk and ape in any project and make exceptional return. As the space matures, risk and reward ratio comes back to earth, and opportunities becomes more exclusive. BinaryDAO enable users to gain exposure to DeFi through our expertise of liquidity management and investment opportunities. BinaryDAO make it simple for users to gain exposure to DeFi growth, you can gain direct exposure to the space by holding and staking BYTE tokens. As the space grows, all participating BYTE stakers will earn yield.
For DeFi Protocols: Liquidity is the most scarce resource in DeFi. Protocols require liquidity to bootstrap and sustain their ecosystem. But liquidity is often fragmented, non-sticky, hopping from one protocol to another. BinaryDAO solves this by partnering up with native projects for liquidity provision and seed investments.
What is BYTE token?
BYTE is the native yield token of BinaryDAO. All profit generated from market making, investing, and farming with the DAO treasury are accrued back into BYTE token holders.
How can I benefit and get a share of the protocol’s profit?
Staking BYTE tokens will allow users to begin participating in the revenue sharing process.
Where are the extra tokens coming from?
The protocol will be using its treasury, composed of money raised from the initial sale and creation of new BYTE tokens through minting to generate yield through a variety of DeFi protocols. We will have an easy-to-understand dashboard detailing exactly how the funds are being deployed at any given moment. The yield allows the protocol to mint additional BYTE tokens and distribute to stakers without inflating existing holder balances.
How does BinaryDAO maintain their treasury in the fast-changing space that is crypto?
The Binary team is constantly analyzing and exploring current market conditions and sentiment to determine what the optimal strategy for treasury management is.
If the market is bullish, a “risk on” approach is taken, following more high-risk farming strategies with a heavier percentage skewed towards maximising yield.
If the market is bearish, a “risk off” approach is taken, utilising stablecoin farming to protect against downside and impermanent loss.
In the case of a crab market (middle ground), a blend of the two strategies will be implemented, considering the current yield farming opportunities.