Demiourgos SLIP™
Singlesided Liquidity Incentive Program
Demiourgos is pleased to introduce the ground-breaking "Demiourgos SLIP™ Single-sided Liquidity Incentive Program", a strategic initiative meticulously crafted to leverage the inherent potential of its internal Ouroboros Liquidity allocation and seamlessly integrate it with users' individual Tokens. This innovative program serves a dual purpose, aiming not only to bestow users with a consistent avenue for enduring rewards but also to synergistically contribute to the company's endeavour of provisioning almost 70k OURO as essential liquidity for the market.
It is crucial to recognize, however, that the utilization of the liquidity funds in this manner is governed by a specific set of rules, which are detailed below:
SLIP Definition - what SLIP means.
A Token included into the SLIP is designated as SLIP-Bearing Token.
SLIP-Bearing Tokens can be converted via SLIP to permanent "Snake-Token Miners" (mining that happens via the OURO Liquidity.VAULT™), while increasing Liquidity for said SLIP-Bearing Token in the OURO based Pool, in a permanent manner.
Token Owners can ask for their Token to be included in the SLIP
Token Owners that have a vEGLD-based Pool already running on VestaX.Finance3 DEX, can ask for their Token to be included in the SLIP Program. This means:
Creating an OURO-Based Pool with their token.
Initialising their Token as a Bronze SLIP-Bearing Token
Upon these modifications, their token is included in the SLIP as a Standard SLIP-Bearing Token.
SLIP Categories: Standard, Premium, Elite
SLIP-Bearing Tokens are separated into 3 distinct categories, Standard/Premium/Elite, depicted by their Golden/Silver/Bronze Badge. The 3 categories have distinct features.
Elite SLIP-Bearing Tokens:
Executing SLIP with Elite SLIP-Bearing Tokens suffers only from Tier 0 Limitation.
Executing SLIP with Elite SLIP-Bearing Tokens returns SLIP Tokens.
Executing SLIP with Elite SLIP-Bearing Tokens returns 52% of the generated LP.
Premium SLIP-Bearing Tokens:
Executing SLIP with Elite SLIP-Bearing Tokens suffers from Tier 0 and Tier 1 Limitation.
Executing SLIP with Elite SLIP-Bearing Tokens returns 50% of the generated LP.
Standard SLIP-Bearing Tokens:
Executing SLIP with Elite SLIP-Bearing Tokens suffers from Tier 0, Tier 1 and Tier 2 Limitation.
Executing SLIP with Elite SLIP-Bearing Tokens returns 48% of the generated LP.
SLIP Limitation
Executing SLIP with SLIP-bearing Tokens suffers from a distinct Set of Limitation
Tier 0 Limitation: Execution of SLIP is limited by the amount of OURO that exits in the SLIP SC.
Tier 1 Limitation: Execution of SLIP is limited by the SLIP-Capacity.
Tier 2 Limitation: Execution of SLIP is limited by the amount of SLIP-Bearing Token existing in the vEGLD-based Pool, as opposed to the amount of SLIP-Bearing Token existing in the OURO-based Pool.
LP Token Distribution Mechanic
Executing SLIP creates a native LP using the User's SLIP-bearing Token paired with OURO owned by Demiourgos.Holdings™ that exists for this purpose in the SLIP SC.
Users receive a part of this LP in the form of a "virtual LP Token", called Secured OURO-LP, which is a 1:1 mirror image of the native LP Token generated when executing SLIP. The Secured OURO-LP can be used for farming purposes in the OURO Liquidity.VAULT™ as if it were native LP, while the native LP that mirrors it is secured in the SLIP SC.
The reasoning behind the mechanism of creating a virtual LP Token is that the user must never be allowed to remove liquidity from this LP, only to be used for farming purposes.
Therefore, Executing SLIP effectively transforms users Tokens in Snake Token Miners PERMANENTLY.
What this actually means, is that through SLIP users pay Tokens (the SLIP-bearing Tokens), and get instead "Snake Token Miners". Therefore the Tokens used when executing SLIP can NEVER BE RETRIEVED.
The Secured LPs are also transfer restricted, therefore they can be used as "Snake Token Miners", only by the ERD Addresses that generated them.
Conclusion
In conclusion, this innovative Program facilitates the establishment of a permanent and symbiotic relationship between Demiourgos's Ouroboros Liquidity allocation and users' Tokens. The resulting liquidity, created through this ground-breaking approach, remains permanently ingrained within the ecosystem, reinforcing the liquidity dynamics of the platform.
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