SunStorm

@sunstormzz

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THIS IS THE END OF THIS THREAD.....

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If you are bullish on Berachain then come join our Debank Channel: https://debank.com/channel/beraterminal Twitter: https://x.com/beraterminal

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How $NECT Maintains PEG? $NECT is carefully designed to maintain close parity with the US Dollar through a combination of hard and soft peg mechanisms: Hard Peg Mechanisms: These direct methods establish a price floor and ceiling for $NECT. The redemption feature allows $NECT to be exchanged for collateral assets at face value (1 $NECT = $1 worth of collateral), while the minimum collateral ratio creates arbitrage opportunities. These measures are crucial for maintaining $NECT’s price stability. Soft Peg Mechanisms: Indirect methods also help keep $NECT aligned with the USD. Within Beraborrow, $NECT is treated as equivalent to $1, creating a natural equilibrium in the protocol. Additionally, the borrowing fee structure adjusts based on redemption rates. For example, if $NECT’s value drops below $1, the base rate increases, reducing new $NECT issuance and stabilizing its value.

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What is $NECT? Essentially, Nectar ($NECT) is Berachain's first stablecoin backed by native assets. Our goal is to establish $NECT as the leading stablecoin on Berachain, supported by a variety of native collateral assets, starting with $iBGT and more to come. Positioned as a core stablecoin within the Berachain ecosystem.

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For example, when you deposit $iBGT into Beraborrow, the asset is automatically staked with Infrared in the same transaction. As a result, $siBGT is retained in the Den. This staking process allows you to earn additional yield on their holdings, essentially receiving rewards for borrowing. At the same time, the deposited $iBGT releases liquidity through the minting of $NECT, which can then be used across various Berachain DeFi applications.

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How does it works? When you deposit their assets into a Den, they lock their collateral within the protocol, allowing them to mint $NECT—Beraborrow’s over-collateralized stablecoin. This $NECT can be utilized throughout the Berachain DeFi ecosystem. The amount of $NECT minted is based on the asset's Minimum Collateral Ratio, ensuring all positions are over-collateralized to preserve the protocol's stability and security.

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🐻Hey everyone, guess what? 🐻 @beraborrow just got its own role in Discord. 🐻📈🎉 Let’s learn more about Beraborrow ⬇️ What is @beraborrow? Beraborrow provides instant liquidity for Berachain assets through Nectar ($NECT), the first stablecoin powered by Proof of Liquidity (PoL). With a focus on simplicity and flexibility, Beraborrow enables you to maximize their opportunities without compromising on yield. The Den Dens are central to Beraborrow's collateral management system, allowing you to deposit assets, earn yield, and mint $NECT, all while retaining exposure to their original collateral. This flexibility lets you unlock liquidity without needing to sell or forfeit their position in valuable assets.

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THIS IS THE END OF THIS THREAD.....

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If you are bullish on Berachain then come join our Debank Channel: https://debank.com/channel/beraterminal Twitter: https://x.com/beraterminal

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The idea presented by @smileefinance 🌈 represents an innovative approach to managing impermanent loss in DeFi. By transforming the concept of impermanent loss into a series of option-based bets, the protocol provides new opportunities for liquidity providers to hedge risks and potentially profit from market volatility. However, as with any financial instrument, it comes with its own set of risks and requires a good understanding of market dynamics. To learn more in detail: https://docs.smilee.finance

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What is impermanent loss📉? Impermanent loss happens when the price of a token changes after being deposited in a liquidity pool. It reflects a loss if, at the time of withdrawal, the dollar value of your token is lower than when it was initially deposited. This gives @smileefinance the idea to create a brand-new primitive protocol whereby we decompose Impermanent Loss into options and recompose them to generate any type of volatility payoff so called “impermanent gain” 📈 Therefore, temporary gains enable you to make a directional bet against the price changes that lead to impermanent losses and those options are: Bull 🐮 – Bet on a volatile upward price movement. Bear 🐻 – Bet on a volatile downward price movement. Smile 🌈 – Bet on volatility regardless of the price direction.

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What are the options? @smileeFinance basic options contract offers the buyer the opportunity to buy or sell (depending on the type of contract they hold) the underlying asset by a certain date at a certain price. Let’s say Chad buys a Call option (paying the premium) that gives him the right to buy ETH at $2,000 (strike price) by the end of the week (expiration date). At the end of the week, If the ETH price is greater than $2,000, he wins! Chad can buy ETH at $2,000 and sell it at a higher price. However, if the ETH price is less than $2,000, it does not make sense to use his right to buy ETH at $2,000 so he simply loses the premium paid. Note: Premium is the price the buyer of the option pays to the seller of the option to enjoy the right that the option provides. Two important things to notice: - Chad never loses more than the premium (he cannot get liquidated!). - Chad can make big money for a relatively small premium (he enjoys huge leverage!).

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What is Smilee Finance 🌈 ? @smileeFinance is a decentralized finance (DeFi ) platform focused on leverage option trading, its protocol centered on the use of options contracts, designed to offer strategic financial tools for users in the DeFi space. More about its protocol below ⬇️

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🔥 Big news last week 🔥 @SmileeFinance's NFT just secured a role in the official @Berachain Discord this morning. 🔥 This is huge – so far, there are only 3 NFT that got this privilege: Honeycomb 🍯 0.33ETH Yeetard 🧸 0.16ETH Smilee 🌈 0.028ETH And hey, let's get to know Smilee Finance ⬇️ – you're going to want to be part of this! 🚀

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If you are bullish on Berachain then come join our Debank Channel: https://debank.com/channel/beraterminal

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The treasury 10% of the earnings from the BoogaBeras mint, as well as a percentage of the ecosystem incentives, will be invested in the HoneyPot treasury to generate rewards for holders. Initially, the BB team will manage these funds, but eventually, the community will make decisions through The Warden contract. The HoneyPot enables BB holders to strategically deploy capital throughout the Berachain ecosystem, using their total influence to benefit the community.

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The contract BoogaBeras' system of governance makes use of the $BOOGA token, which is gained by staking NFTs in the Warden contract. This currency rewards loyalty and gives early stakers more voting power. The longer an NFT is staked, the more $BOOGA it earns, increasing its value and governance power. Governance is community-driven, with suggestions debated on Discord and voted on through the Booga Beras dashboard. Voting power is determined by the number of BB NFTs and the related $BOOGA.

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Trait The BoogaBeras collection conforms to the Dynamic #NFT standard, which enables users to fully customize their NFTs via The Lair by re-rolling traits. This improves the collection's identity and brand visibility through refined 3D art. Visual characteristics modify the appearance of NFTs while retaining rarity values. NFTs with higher rarities have additional customization possibilities, whereas those with lower rarities have access to traits from the same tier. Utility features enable users to increase specific rewards, such as validator or governance incentives, personalizing their strategy and maximizing their chosen benefits.

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VaseFinance LSTs BoogaBeras, created by the Vase Finance team, will utilize Vase's Liquid Staking Tokens (LSTs) to allow staking in native POS chains while maintaining liquidity. By implementing LSTs, BB holders can earn native APRs (10-16%) while still participating in Berachain DeFi. This method integrates Cosmos liquidity into Berachain and highlights the benefits of Vase Finance's platform for validators and stakeholders, consequently driving ecosystem growth.

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Cosmos validator BoogaBeras will operate Cosmos ecosystem validators under the BB brand and distribute generated incentives to holders. The community can delegate liquidity to BB validators, allowing them to contribute to brand growth while collecting rewards. This strategy, when used across many chains, allows users to profit from both native staking APRs and validator commissions. Rewards will be provided within Berachain, drawing external liquidity and encouraging chain expansion.

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