Less Risk, More RewardYield farming tends to rely on token emissions - minting additional tokens. Yet, it is widely appreciated for the high APYs such projects offer their users. Token emissions increase the total circulating supply of their respective tokens. In the long-term, a constant increase in the supply of the token paired with a constant average demand leads to lower price levels of that token.
This is one of many examples of a short-termist issue. Short-termism, the habit of focusing on short-term results at the expense of long-term gain, is a costly problem to which we all contribute. It is in our best interest to improve on our currently unsustainable methods and evolve them to greater heights.
GagesEternal Finance introduces a new class of long-term financial instruments: gages. Gages are contracts which nurture long-term strategies by rewarding conduct which supports them and gently punishing any which does not. They excel in providing high payouts with particularly low risk. For instance, the Eternal treasury initially provides liquid gages, allowing anyone to benefit from single-asset liquidity provision with an instant payout of 10% and an additional 10% possible.
Eternal delivers gages sustainably using a synergistic long-term oriented ecosystem built on Avalanche. The Eternal Fund, DAO of the system, votes on changes to be made while using the treasury to distribute gages to investors. Individuals who receive ETRNL through gaging sell it on a decentralized exchange. A portion of this ETRNL is transferred back to the treasury through transaction fees, where it repeats this cycle.
IGOAn initial gage offering (IGO) is an initial liquidity offering which uses gages to give users better rates. Users will have the opportunity to participate in Eternal's IGO to earn an additional 15-30% ETRNL depending on how early they come. Stay tuned on our social media channels to be the first!
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