What Is Trapeza Protocol ?
Trapeza Protocol is a decentralized reserve currency protocol available on the BSC(Binance Smart Chain) based on the FIDL token. Each FIDL token is backed by a basket of assets (e.g. BUSD, wBNB, FIDL-BUSD LP, etc.) in the Trapeza Protocol treasury, giving it an intrinsic value that it cannot fall below. Trapeza Protocol also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
Quick Fact About Trapeza Protocol
| Coin Basic | Information |
|---|---|
| DEFI Coin Name | Trapeza Protocol |
| Circulating Supply | 25,502.09 |
| Total Supply | 40,758.69 |
| Contract Address | 0x514910771af9ca656af840dff83e8264ecf986ca |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To Visit |
| Telegram Group | Click Here To Visit Telegram Group |
| Documentation | Click Here To View |
| Official Project Website | Click Here To Visit Project Website |
Flexible Price
The live price today is $22.51 USD with a 24-hour trading volume of $139,459 USD. We update our FIDL to USD price in real-time. This is down 28.19% in the last 24 hours. The current CoinMarketCap ranking is #3994, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
How does it work?
At a high level, ol consists of its protocol managed treasury, protocol owned liquidity (POL), bond mechanism, and staking rewards that are designed to control supply expansion. Bond sales generate profit for the protocol, and the treasury uses the profit to mint FIDL and distribute them to stakers. With LP(liquidity bonds), the protocol is able to accumulate its own liquidity. Check out the entry below on the importance of POL.
The point of Trapeza Protocol?
The goal is to build a policy-controlled currency system, native on the BSC network, in which the behavior of the FIDL token! In the long term, they believe this system can be used to optimize for stability and consistency so that FIDL can function as a global unit-of-account and medium-of-exchange currency. In the short term, they intend to optimize the system for growth and wealth creation.
How do participate in Trapeza Protocol?
There are two main strategies for market participants: staking and bonding. Stakers stake their FIDL tokens in return for more FIDL tokens, while bonders provide LP or BUSD tokens in exchange for discounted FIDL tokens after a fixed vesting period.
How can benefit from Trapeza Protocol?
The main benefit for stakers comes from supply growth. The protocol mints new FIDL tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in FIDL and thus the bonder’s profit would depend on FIDL price when the bond matures. Bonders benefit from a rising or static FIDL price.
Who created Trapeza Protocol?
This is a fork of Olympus on the BSC(Binance Smart Chain). The team is mostly anonymous, born from the DeFi Community. They aim at becoming a Decentralized Autonomous Organization, and they are actively working towards that goal.
Who runs Trapeza Protocol?
Currently most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!
Is FIDL a stable coin?
No, FIDL is not a stable coin. Rather, FIDL aspires to become an algorithmic reserve currency backed by other decentralized assets. Similar to the idea of the gold standard, FIDL provides free floating value its users can always fall back on, simply because of the fractional treasury reserves FIDL draws its intrinsic value from.
