Cryptocurrencies are the highest performing assets in the history of man-kind.
What yield farms do is they give the opportunity to earn extra yield on their tokens. But at what cost and how does it work?
Most people are looking to stake tokens, earn some extra yield and capitalize on the appreciating assets. What actually happens is the whales farm with their tokens and they create yield(profit) by dumping the rewarded yield-farm token and
the farm operators take platform fees. The unsophisticated users are basically the ones getting screwed due to their lack of knowledge.
I started using Polygon a few months ago, it was the cheapest and fastest network to use. Fees costed like 0.0001$ or even less per transaction... But all of the tokens on the network are doing the exact same thing and getting the same result - "down only".
So i thought, what if we do the exact opposite - and so inverse-yield farming was born.
Instead of creating yield on your cryptos, it's designed to create a new scarce asset - a new cryptocurrency. Potentially new wealth building opportunity.
You get paid rewards for staking and locking up your tokens. The longer you lock your tokens for, the higher rewards you will earn. Sounds a lot like a ponzi, but in fact this is the biggest money market in the traditional finance - called certificate of deposit or time deposit. Banks pay you higher interest if you commit your money for longer period.
The first cryptocurrency that has done this is called Hex and is apparently currently the best performing asset. Many are calling it a ponzi/scam, but whether you like it or not - it's outperforming everything.
But Hex is a lot like Bitcoin - you can't do anything with it, but send and receive it(Hex rewards stakers instead of miners).
I took the traditional yield farming concept, created time deposits out of it and decentralized the masterchef. I didn't plan it in advance, but it turns out to be a pretty genious idea. It solves the biggest problems of cryptos. When satoshi launched Bitcoin he said he could not find a way to integrate oracles in decentralized way, so he created a simple module to just halve the inflation every 4 years. In my system, the users are the ones to regulate inflation through sort of a "bidding" contest that ensures economic responsibility.
It also has potentially one of the best consensus mechanism - users who are staked and locked in for longest periods get to decide on the future of the protocol. It can be fully upgradeable through this consensus mechanism.
Ability to adapt, innovate and remain flexible are some of the most important qualities.
It's specifically focused on creating an appreciating asset/store of value - if users lock up their tokens and remove supply from the market and demand is increasing... price should go up.
But the best thing is that literally anything could be built out of it. It could act as a giant treasury, it could create a new decentralized economy and new governance model. Bitcoin failed as a peer to peer cash and didn't bank anybody - though it does store value well.
But we could do that and it would be quite ironic if Mac&Cheese fulfilled the dreams of the cryptopunks
If Hex is Bitcoin, then this is Ethereum.
It also has innovative in-built inflation schedule that has not yet been seen before, it's quite literally a "blockchain game", and the price is the game. I don't think anything like this has ever existed.
I say that it's the culmination of 10 years of cryptocurrency innovation and market psychology, because it is. Everything that has worked well, is included. From the name, to the ticker, to being super noob-friendly and attractive, but also backed by strongest fundamentals possible.
I see it as an artificial intelligence protocol designed to grow. Why would you work for a system, if you could have a system that works for you?
If it works out, it could get really huge. Cryptocurrencies are one of the only place where things that you wouldn't have thought to be possible can become a reality.
If people buy and lock their tokens, it creates a trend and trend can turn into a self-fulfilling prophecy.
It is too late to create meaningful returns on Bitcoin as it's already reaching the point of diminishing returns. BUT Bitcoin is just an idea, Ethereum is infrastructure and Polygon offers the same infrastructure at higher scalability. The most value is to be captured the closest to the users. We have the infrastructure, and now the biggest opportunity is in the protocols that target the end users and Mac&Cheese/ XVMC protocol is designed to do that specifically. It is NOT late, it is SUPER early. XVMC is at 150k marketcap, i think this could be equivalent to ethereum at 0.15$. BUT keep in mind that it's highly risky and could fail. I have no FKN idea if it will work or not(obviously i am convinced it will... but it might not!). Keep in mind that it's just being launched and it's not listed on coingecko and there is no word about it on twitter. You are quite literally amongst the first to hear about it.
Since we are literally capitalizing on the cumulative work of the whole industry, 30% of the supply is available to existing crypto holders and stakers(solana, matic, cake, bnb, eth, hex). If you own/stake any of these tokens, you can get a part of the XVMC protocol for free. The process for claim is trustless, just the distribution is not, as it can not be done in a 100% decentralized fashion(combining all the networks)... 10% was distributed to 25k+ holders in late April - 15K users signed up literally overnight. It spreads faster than Corona and has those much needed viral effects.
Click the free-claim button if you wish to claim (you only enter your public key, you will instantly receive MATIC on Polygon network for fees and you "verify" the ownership of your wallet by sending a transaction with 0 Matic to a regular address - literally 0 security risk)
It makes sense to get some just in case it catches on. The real risk might be not owning any...and there is 0 risk for the free-claim part. Why wouldn't you?
https://macncheese.financeWAGMI
