“It’s not about money…it’s about sending a message. Everything DeFi !”
Is DeFi a game of money? For most people, the answer is probably yes. But for Joker, this is nothing about money, nothing about beliefs, nothing about rules, but it’s more of an experiment, or to be more precise, it’s a message, a message which gets more powerful by the second, a message which intends to tell you, what The Future will be like.
Somebody said that today’s DeFi is like pieces of Lego, which can be combined and turned into something you want. This sounds quite nice, but it’s far from exciting. What Joker wants isn’t a small piece of Lego, but a huge cube that even Joker can’t imagine itself.
Sushi + Uniswap = Sushiswap ？
Yfi + Ampl = Yam ？
……
Joker wants more imagination and more ambition.
“Introduce a little anarchy. Upset the established order, and everything becomes chaos. I’m an agent of chaos…”
Here’s Joker’s plan：
1. Gather all assets and all people through incentives of $JOKER token.
2. Joker wants more atokens (AAVE), ctokens (Compound) & crtokens (Cream) to Migrate to Joker’s Dreamlend.
3. Joker wants more LP tokens (Uni & Sushi) to Migrate to Joker’s Swap.
4. Joker will have it’s vaults to do YFI Things.
5. Joker finally wins.
Crazy? Welcome to the Joker’s world.
It’s time for all Jokers to give it a little PUSH.
I’m not a monster. I’m just ahead of the Curve.
“I believe, whatever doesn’t kill you, simply makes you…stranger.”
Joker’s secret arsenal:
1. JOKER token & ? token
Attention! Mr.Joker has never told us that there will be only one token.
Joker.Finance might be the first DeFi system with multi-tokens. The only thing I can tell you now is that, as the main governing token, $JOKER can provide the initial and fundamental incentive. And we will design more exciting tokens which will create an incomparably abundant financial ecosystem that supports each other.
Let’s begin with Joker, and go deeper in this palace of DeFi, the adventure itself will be a lifelong treasure.
2. Joker's Dreamland
When you smile at the joker, the joker will smile back at you, and……lend money to you.
More choices for assets, better loan-to-value ratio and cooler lenders are all here at Joker’s Dreamland.
By the way,there will be more incentive tokens as well.
3. Joker’s Swap
Never do it for free.
We will set higher gas fees to maximize the incentives of the liquidity providers;
We will provide incentives to the traders, which can make transactions more possible to happen on Joker’s Swap;
We will use some of the gas fee to repurchase $JOKER and burn them in order to make $JOKER more and more precious;
We will improve the AMM algorithm to provide lower slippage and to reduce impermanent loss;
……
4. Joker’s Vault
The most radical Joker will make every penny of your asset get the highest payback in the DeFi world.
We are setting our eye on all the DeFi gangsters and we will tell them: This is JOKER’s turf!
“If you’re good at something, Never do it for free.”
Total $JOKER supply = 100,000,000
Circulating supply at launch = 0
$JOKER distribution:
80% = Joker’s liquidity/ finance operation providers
10% = Arkham Treasury. The purpose to establish Arkham Treasury is to raise funds to fufill Joker’s community, security and development needs in the future. Arkham Treasury will be driven by the governing contract in the future. And the private key will be multi-signed within the community at an appropriate time.
10% = team. Never Do It For Free.
4. $Joker Emission:
Total $JOKER supply = 100,000,000
Default 5 $JOKER per block
16 x in the first ~30 days (200,000 blocks) = 80 $JOKER/block
8 x in the next ~30 days (200,000 blocks) = 40 $JOKER/block
4 x in the next ~30 days (200,000 blocks) = 20 $JOKER/block
2 x in the next ~30 days (200,000 blocks) = 10 $JOKER/block
1 x in the next ~2100 days (14,000,000 blocks) = 5 $JOKER/block
“You know, I just…DO things.”
For our first step, Mr.Joker has prepared lots of atoken/ctoken/crtoken pools and LP token pools on which different weight has been put, as he believes this will accelerate the process to recruit more Jokers.
The initial pools and weight are set as follows:
LendToken Staking Pools（14.1%）：
aLink (AAVE)
aWbtc (AAVE)
aEth (AAVE)
aUsdt (AAVE)
aUsdc (AAVE)
cDai (Compound)
cEth (Compound)
cUsdc (Compound)
crCream (Cream)
crEth (Cream)
crUsdc (Cream)
Balancer BPT 98–2 Pools（32.05%）：
ETH-JOKER ( 32.05% )
UniSwap LP Token Pools（46.79%）：
JOKER-ETH ( 32.05% )
YFII-ETH
YFV-ETH
CRV-ETH
MKR-ETH
KNC-ETH
REN-ETH
AMPL-ETH
STAKE-ETH
BOT-ETH
SWRV-ETH
CREAM-ETH
MTA-ETH
RSR-ETH
ANT-ETH
KEEP-ETH
WBTC-ETH
DIA-ETH
TRADE-ETH
LID-ETH
LRC-ETH
WNXM-ETH
SRM-ETH
UNI-ETH
SushiSwap LP Token Pools(7.05%)：
USDT-ETH SLP
DAI-ETH SLP
USDC-ETH SLP
YFI-ETH SLP
LINK-ETH SLP
LEND-ETH SLP
COMP-ETH SLP
SNX-ETH SLP
SUSD-ETH SLP
UMA-ETH SLP
BAND-ETH SLP
After the governance system of Joker.Finance goes live, we will hand over all the rights including adding, deleting and editing pools to the community. This is exactly what Joker is passionate about, a decentralized world which people has been yearning for, where all the products of Joker will be driven by collective governance.
“You have nothing, nothing to threaten me with. Nothing to do with all your strength.”
All smart contracts related to Joker has been open sourced on Github：
https://github.com/vjocker/joker.
JokerToken: JOKER token contract
GovernorAlpha+Timelock：JOKER governance contract
LordJoker：Stake, Unstake, Claim rewards
Lender：Joker’s Dreamlend contract (to be finished)
Vaults：Joker’s vault contract (to be finished)
Migrator: Liquidity Migration contract
Fortunately, our contracts have already been audited. Jokers, just relax and enjoy the party!
Unfortunately, Mr.Joker really, really, really dislikes the word “audit “.
Link to the auditing report will be put on our website.
“As you know, DeFi is like gravity…all it takes is a little PUSH.”
Twitter:
https://twitter.com/JokerFinanceDiscord:
https://discord.gg/F5g4HrGMedium:https://medium.com/@joker.finance
Telegram:https://t.me/JokerFinanceOffical
Telegram Chinese：
https://t.me/JokerFinanceCN
