Concave is a Decentralized Finance Product Maker — It’s a Builder’s Co-Op. Learn more through a Community Member!
If you’re around our Hive or LeoFinance for any serious amount of time, you probably know that we have been publishing one daily article, and we’re all about quality.
We have some views, and as we want to contribute to the conversation here, we thought it would be a good idea to tell you about us.
However, as you may have seen in our previous articles, we’re pretty community-driven, and so we asked a community member — Nemonasa — to describe us to you.
If this sounds like your cup of tea and you’re curious, then read below.
(Please excuse some typos as the article is big and though we corrected it, English isn’t Nemonasa’s Native Language — also, please note that this is Nemo’s opinion and that you should research us on our official site if you’re inclined to really learn about Concave).
Concavian Nemonasa Describes Concave: The Builder’s Co-Op
As a true believer in Concave, I would like to take you to the depths of the cave where miner’s gonna mine some dividends from the CO-OP while keeping everything simple for a newbie miner like me.
What is Concave
Concave is a community-driven, product and investment organization (CO-OP) that aims to bring value to investors through the development of innovative DeFi products and active treasury management.
While also focusing on its vision of creating the fabled “Heaven on Earth” & becoming a Network State as the current world decays around us.
Concave aims to explore the concepts of John Nash’s “Ideal Money” & sees money through the lens of George Gilder’s Information Theory.
We value Proof of Work and we want to work with those who want to work with us.
We believe in the concept of “serious play” and infinite games. Concave is a place that attracts Winners. We want to win, and most importantly, win as a team (CO-OP).
Why Trust Concave?
Concave is made up of many ex/current Olympus DAO members; our combined dev experience and expertise in DeFi spans years of knowledge.
While the dev team is all 10x devs (dev that does 10x the work of normal devs) having written and audited a huge amount of code for Olympus DAO already, the policy team are all seasoned battle-hardened policy members from other projects or established seasoned TradFi people with years of monetary and policy experience.
Lastly, the guys of the community and marketing team are all passionate and dedicated members that are known to have a big impact within the crypto space.
The Concave MVP:
“CNV Liquid Staking” from my own knowledge is where you deposit a certain amount of token for a specific time period where a stake can expect to receive boosted rewards based on term length.
Here’s the catch: why choose to stake on Concave? Because the protocol penalizes short-term stakers with dilution, rewards long-term stakers with non-dilution, and attracts bond revenue in the process.
After staking your CNV for a time period you can expect rewards in both the native CNV token and non-native tokens such as DAI or Frax.
“Dynamic Bond Market” also from my simple interpretation without the xy=k formula is where you purchase CNV and vest it also on a specific period and expect an ROI percentage of what is indicated when you enter the bonding process.
There is also a YOUTUBE Tutorial on Concave Bonding and Staking How to Stake and Bond on Concave protocol
“NFT Marketplace” is where you list your CNV Stake Position for sale if you intend to liquidate your position for any given reason. You can list below market price or above for a given amount of time. Dai token is the currency that is being used at the moment in the marketplace.
There is also a YOUTUBE Video on NFT Marketplace
How to Concave NFT Marketplace
“AMM” Concave engineers’ innovative design of the CNV AMM algorithm allows LPs to deploy deep liquidity allows for different pairs (e.g. CNV-DAI) to accrue extremely deep liquidity within a tight peg and allows LPs to earn more with less capital investment. The AMM has been optimized with cheaper gas fees and swap fees to be set at 0.25%
What are the Concave 3 Tokens?
aCNV: Price is $50 per token. These are offered only to the community members who are qualified for WL on Concave’s initial token supply. WL community members can buy them up to their respective allocated amounts. These can be swapped into Concave native $CNV tokens and stake right after launch without any cliff period or vesting schedule.
bbtCNV: Price is $10 per token. These are offered to seed investors with allocations in the range of a few hundred thousand. There is both a 1-month cliff and a vesting schedule, which means seed investors can only redeem and swapped to $CNVtheir bbtCNV starting month 2 and in a controlled manner. Note that the unredeemed bbtCNV will NOT grow as supply grows so they will be diluted. This means that bbtCNV is not necessarily a better deal vs. the aCNV.
pCNV: This is a token paid to team contributors who will be motivated to fight for the long-term success of Concave. You do not pay for pCNV; you have to earn it with your high-quality contribution.
How is the Concave Treasury Managed?
Concave has developed sophisticated and efficient treasury management strategies to take advantage of the yield-generating opportunities in DeFi.
Given the large size of our team and our vast experience in the field, we are always looking to innovate and form new treasury management strategies to exploit marketplace inefficiencies.
The experimental nature of the DeFi ecosystem gives us opportunities to generate immense value for our stakeholders.
Treasury Management is broken down into the following key portfolios:
● Investment Research
● Delta Neutral
● Stable Farms
A Youtube video on the Concave treasury would be nice to check: Concave Flywheel
How does it feel inside the Concave Community or Cave Family?
In my own experience being in the Concave discord server is mostly simply fun with sometimes thrilling in what you can learn and discover while having a constructive conversation with your fellow miner.
This is the only server where I truly have a good time chilling in the gen where you can meet those miners with intensive experience in Defi Space where you can learn a thing or two on my own skill development in Crypto Space.
It wouldn’t be honest if I were not affected by all those FUD, I think if you have intensive knowledge of what is happening in a project, you can feel secure even if there are tough times inside Concave.
Finally why I am a Concavian and still be a Concavian after you read this article?
I am new on Defi and in Crypto overall but in Concave community is where I learn and still learning skills on Crypto while meeting good people I now have a personal bond with them even though we all anon but I always feel they are real people who are also concerned if you have some trouble on anything.
Also Concave has created a system where your contribution as a miner is being paid in spoon value where you can redeem your spoon to a loot box and other redeemable items in the shop.
Having fun, forming bonds, and finally being paid for your contribution is why I am very bullish on what Concave wants to achieve long term.
Shootout to all my friends in the cave:
These are real people I always love to have a good conversation with them, you can too if you join Concave Discord