DiamondHand Castles liquidity upgrade

Currently, with DiamondHand, we have multiple Castles where users stake their DND tokens to earn BTCB, ETH, BNB, ADA and DOT every epoch. For detailed Castle stats, see the Treasury page.

The changes we will roll out aim to increase our DND token's liquidity as the core token of the DiamondHand ecosystem. This is particularly important in the context of our upcoming lending platform, which will give an important use case for synthetic dTokens.

The Castle update will go live on 16 May and rewards will start at block height https://bscscan.com/block/countdown/7473280

Change 1: DND staking > DND/IRON LPs staking

  • Stake DND-IRON > earn BTC
  • Stake DND-IRON > earn BNB
  • Stake DND-IRON > earn ETH
  • Stake DND-IRON > earn ADA
  • Stake DND-IRON > earn DOT
  • Additionally: stake 100% DND > earn DND (rate to be determined)

As an additional benefit, this will increase demand and liquidity for IRON via these five DND-IRON LPs.

Change 2: Rewards distribution

  • Excess collateral (ECR > TCR)
  • Profits from invested idle collaterals
  • Treasury funding

The dToken minting and redemption fees are also be added to the excess collaterals pools and reinvested to increase the amount of excess collateral.

Change 3: Epoch rewards model > block-based rewards

partial-collateralized stablecoin on bsc and polygon — https://iron.finance/

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