Introducing LUX-SOR: Stable Money

SOR Unlocks Infinite Possibilities for the Luxor Economy

We intend on resolving market inefficiencies plaguing rebase economies while adding value for Luxor as Money.

Why do we need a stable coin for Luxor anyway?

How Does This Affect The Luxor Economy?

In this article, we review our upcoming upgrades fashioned in a clear-cut, problem-to-solution orientation.

Problems with the Rebase Economic Model

Economic Outlook and Performance of Existing Rebase Economies

Rebase Market Performance: Time for Change

It has become evident that a rebase model is simply not going to cut it anymore — it’s time for change.

$OHM Chart: Source
$TIME Chart: Source

Problem 1: Overzealous Rebase Rewards (High APY Inflation)

Money Printer Goes “BRRR”

Problem 2: Unrealized Utility for Reserve Currencies (Low Utility)

Our Game Plan: to Overcome These Problems

Examining the plethora of opportunities we can explore.

Solution 1: Bye-Bye High-APY (Decreasing APY Inflation)

Solution 2: Adding Utility for Luxor Money (as a Reserve Currency)

SOR enables LUX to act as a reserve as for each newly-minted SOR, 20% of the collateral is stored in LUX.

Where is the Demand for SOR?

Exploring the Demand Drivers for SOR

Demand Driver 1: SOR Requirement for Newly-Minted LUX

Demand Driver 2: SOR Staking Rewards

The reversion fee (5%) will be redirected towards stakers. Incentivizing users to hold onto SOR instead of claiming for the underlying DAI (backing) of each token.

Moving Forward: Learning from Our Past to Restore Anew Potential

Stay tuned for guidance regarding the following protocol upgrades:

--

--

--

The one-stop-shop for decentralized finance in the Fantom Ecosystem.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

AVISA GAMES GUILD adds PORI as their latest gaming partner!

Overview about Ideaology

How to buy Everscale [EVER]?

REFILLS: 10X your XTZ in 21days

Roadmap of Blockchain at San Diego

The upgraded version of Singularity shall introduce more features!

This Week in Blockfolio Signal — Cardano, Theta Network, IOTA, Dash, Enjin, Fantom, Power Ledger…

FalconSwap with Eric — AMA @ t.me/amaroom

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store

SoulSwap Finance

The one-stop-shop for decentralized finance in the Fantom Ecosystem.

More from Medium

DeHive releases Stable Curve Europool on Polygon Chain 🤑

DeHive releases Stable Curve Europool on Polygon Chain

POTUS, Navy Seals, Terrorists and… Kanye East? | Upcoming R2E Game

FARM Emissions — Week 84

Iron Bank issues bonds via Olympus Pro