What Is CTHU Finance ($CTHU)?
Cthulhu Finance is a decentralized store of value and governance mechanism for a federated performance hedge fund ecosystem built from, but not limited to, crypto assets. The network basis for which is Ethereum.
A key goal of the project is the utilisation of other prevailing project technologies via voting mechanisms to better optimise the asset profitability. The $DAGON token reaches up from the depths selectively capturing relevant and optimum technology from the DEFI sea. E.g. When Polkadot is further up and running there is potential to utilise this technology to interact with other block chains like BTC. The use case here is vast.
In the short term the development work is focussed on building the infrastructure as described in this document. The project has modest beginnings and aims for sustainable organic growth with community participation and interaction playing a pivotal part in the project direction.
$CTHU is the governance token of the financial structure use cases are:
A Store of value representative of the Cthulhu Finance ecosystem.
Staking to generate burnable dao $SOULS @ ~18% APY a year.
$SOULS are also listed on Uniswap and are an entity unto themself.
Note: Users receive 90% of $SOULS claimed. 10% is sent to the vault as an investment.
mechanism for the hedge fund.
100 $SOULS can be exchanged for 1 $CTHU.
$SOULS can be used as voting weight and, as with all $SOULS use cases, are burned in this process.
$SOULS can also be used to purchase NFTs, NFTs will give mining boosts to $DAGON.
$SOULS are designed to provide a stabiliser to the price of all assets.
Farming via LP providing minted/mined rewards in $DAGON and supplying value to the vault asset.
$DAGON can be pooled into the Cthulhu Federation Fund for hedge fund use.
The vault asset grows as a result of $DAGON and forms the ecosystem community fund.
The CTHU Vault can use user-bidded $DAGON for the purchase of other assets like BTC, and distribute the profits between all stakeholders on a proportional level. e.g. Users vote to buy BTC with group funds. The fund could decide to hold that BTC as an asset in the hedge fund, distribute it in commensurate parts between wallets, sell it for profit, etc.
Tokenomics
There are 93k $CTHU tokens in existence.
Of which only 20k are in circulation, 73k are reserved for the reward mechanism.
The 73k will be summoned through harvesting $SOULS for $CTHU @ 100:1 ratio.
$SOULS are mined through every ETH block via staking.
Reward rate of DAGON – SOUL/ETH LP token * 6500 / 3,600,000 per day. E.g. 1 * 6500 / 3,600,000 = 0.00185 DAGON a day.
$DAGON is also an ERC20 token and can be considered as limited due to the ratios.
Who Are the Founders of CTHU Finance?
Anon. Developer. due to local restrictions. Has worked on other projects and has experience in PMing community DEFI projects. Very active in the project with a good sense of humour and easily contacted in the TG group.
https://t.me/cthu_chathttps://ct-hu.com/https://www.livecoinwatch.com/price/CthulhuCoin-CTHU
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