STEAD_Defi (OP)
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stead.builders
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August 02, 2024, 04:35:42 PM |
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WELCOME TO STEAD DeFI, RWA's Revolutionary Answer to Innovating the seas and its industry! WHAT IS STEAD? Stead is a platform to fund floating infrastructure. The tokens derive their value as tickets that allow the rental of the floating assets they funded, such as boats, fish cages, or floating houses. It uses the power of the blockchain to enable tokenization of assets through leases, rentals, and outright purchases of floating assets that the project will release, enabling small-scale ownership and share-holding within the cryptocurrency industry.
image source: x.com/Official_STEAD
From Innovative rest and relaxation hubs for you and your family and friends, to futuristic and sustainable ways to harness the sea's energy and resources, STEAD DeFi makes things happen in the real world, thanks to the power of cryptocurrency!
How can a token be backed by floating infrastructure? By selling tickets to rent or use seasteads, fishing boats, fish cages and related properties, we can effectively pre-mint the rental income which that product would produce, thus proving its profitability. To give an example, a business may wish to build a seastead (floating house) in a coastal area that will be used as an AirBnB. In order to fund the construction of this seastead they will list their desired model, location, and other relevant details on the Stead dapp, this will allow interested parties to buy Stead Tokens, while the funds they used to buy them are then put into the construction. Once the seastead has been built, the Operator of the seastead, in this case the business that collected the funds, will be obligated to burn Stead Tokens for the use of the seastead. This process can be used as well for any type of floating asset, including those discussed earlier.
At this stage, the Operator is renting the seastead, and is not the owner of the property. The Stead tokens are tickets that were pre-sold for use of the property, and must then be used up in order for the Operator to keep using the seastead at all. The result of this system, is that the tickets that were sold off in the initial sale, will eventually be bought back and burnt by the Operator of the property, until they are no longer obligated to burn tickets. This will only happen after a greater dollar value has been burnt compared to the dollar value originally raised to fund construction, which means that the value of the tokens will grow over time. Despite an unlimited maximum supply of tokens, the tokenomics of the system make it deflationary relative to the US Dollar.
 image source: x.com/Official_STEADHow does the Funding Process Work? It starts with a small time fishermen wanting to expand his business, and ends with a floating city in the sea...
1. Party A approaches Stead, wanting funding to build a seastead / boat / fish farm / house / etc.
In this stage, the Stead company will reach out to, or receive contact from, a party that is interested in becoming an Operator. A discussion can happen on where the asset will be located, how it will be used, and whether it should receive funding from the Stead platform.
2. Stead negotiates with Party A / Operator, agrees on item to be built, and funding is approved
Once an agreement has been reached, either with Stead or with a future DAO, then the Operator’s request for funding can start the approval process
3. Stead or Operator create market listing on Stead.Builders, minimum monthly burn is calculated here
At this stage, either Stead, a governing DAO, or the Operator themselves will put the details of the property to be funded into the dapp, and a listing can be created. This is the sale that will be displayed on the marketplace page of Stead.Builders
4. Listing is approved by Stead.
After the information has been input into the dapp, the governing authority, in this case the Stead company, will approve the sale to be listed in the marketplace. Simultaneously an NFT will be generated, and designated to be given to the Operator once they have burned their designated amount of tokens. The NFT in this case is being used similarly to a title of ownership.
5. Sale is funded via USDC, USDT, or DAI
At this stage, the sale is now listed on the marketplace, and anyone can access the free and permissionless dapp ecosystem in which Stead exists. People will be able to see the formal agreements between the Operator and Stead, and also see images of the asset to be purchased, or artwork of the asset to be constructed.
6. Everytime money is put in via USDC, USDT, or ETH, Stead tokens are given to the funder, funders are 'buying' Stead.
From here money will be raised to fund the construction or purchase of the property via the purchase of Stead tokens in exchange for a stable or ETH. Once the total requested amount has been raised in dollar valuation, the listing will close.
7. Sale is fully funded, Operator can withdraw funds, 5% fee granted to Stead platform
Once the listing has closed, the Operator can withdraw funds pending approval from Stead. For each withdrawal, the amount must be approved by Stead, and the central Stead company or future DAO will followup with the Operator to make sure they are spending the funds appropriately between withdrawals. At this stage a 5% fee for using the platform is also granted to the Stead company or DAO.
8. Operator is obligated to burn required minimum amount of Stead every 30 days
Now that the money has been raised, after a designated 'Building Period' between 2 and 4 months, the Operator will be obligated to begin the process of purchasing Stead and burning them to meet their monthly obligation, this is the leasing cost of using the floating asset.
9. Operator buys Stead Tokens on DeFi every month, burns tokens accordingly
The burned tokens will decrease circulating supply and drive the value of the remaining tokens up. An initial LP farming pool will also be provided by Stead to maintain sufficient liquidity on their chosen L2.
10. Funders who buy now, pay less for their Stead tokens, but minimum burn amount is denoted in USD
This means that if the price of Stead suddenly goes down relative to the dollar, Operators will be required to burn a larger amount of Stead, and if the price of Stead increases dramatically, they will be required to burn less. This will keep the price of Stead stable, in parity with an imagined version of the dollar, that increases every year by 11.35% compared with the real dollar. In addition, Stead tokens issued the following month will be 0.9% more expensive in dollar terms, meaning that the price floor on the tokens has been raised while the circulating supply will now start shrinking. OUR ROADMAP  Start investing on a project that will give you a long-term financial foothold, while you become a part of making a massive difference, in one of the most profitable industries in the business world! Start supporting and investing $STEAD! |
