Hello. RetroDAO Leader ROVER
Briefly about the project called Timeswap, which I have been following steadily for a year,
I will write about how I participate.
The main text is composed of the following 3 things that crypto ecosystem participants are most curious about.
What are you most curious about
receive an investment?
what project is it?
So what can you do now?
Starting with angel investment in January 2021, there is a history of investing in a total of 3 times as a multi-coin capital lead in October 2021.
Recently received an additional seed round investment.
The project has been steadily participating since the beta test, but it's already been 2 years.
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Project
Timeswap is the first fully decentralized AMM-based money market protocol that is self-sufficient, non-custodial, gas-efficient, and operates without oracles or liquidators. Timeswap's proprietary 3 variable AMM is inspired by the constant product AMM used by Uniswap. It provides flexibility to end users by allowing users to determine their risk profile and set the interest rate and collateral ratio for each loan or borrowing transaction accordingly. It is minimally gas efficient and allows anyone to create a lending/lending market for any ERC-20 token without permission.
Key Features of Timeswap
Market-driven interest and collateral — As lenders, borrowers, and liquidity providers interact with the pool by executing transactions, the supply of assets changes, which changes the interest and collateral required for each transaction. This dynamic interest rate and collateral component ensures greater capital efficiency and flexible risk management.
Oracle-less — Timeswaps work without oracles because lending and borrowing of assets is not based on price oracles, but rather on the supply and demand for tokens in the pool.
Permissionless — Timeswap is completely permissionless, so anyone can create a pool where anyone can lend and borrow ERC-20 tokens by collateralizing other ERC-20 tokens with maturities.
Fixed Maturity - Timeswap pools have fixed maturities, allowing the creation of fixed-maturity financial instruments such as bonds and options.
Isolated Markets - Isolated pools mean that the collapse of one collateral does not affect other markets compared to the pooled liquidity models of other protocols.
Minimal Attack Vector — Timeswap works without an oracle or liquidator, so the protocol has a minimal attack vector.
If you only look at the theoretical content, you don't dare to come, so you can go to the site and see it yourself.
V1 version only supports polygons. It's the mainnet
It consists of Market / Lend / Borrow / Liquidity menus.
very simply explained
In Market, you can select Pair. Currently only MAI-STMATIC is available.
In the Lend menu
You can select an asset that can be lended and an asset that can be held as collateral.
Currently, I am continuously participating in events and depositing MAI.
Just as Uniswap's AMM can be adjusted, Timeswap's Advanced function can be used to adjust the desired APR's CDP. A stable investor might prefer LOW.
I basically recommend Recommend, but if you are a user with some experience, it is also good to define it yourself in Advanced. However, you should consider the possibility of loss.
The Borrow menu has the same composition.
In the liquidity supply menu, all MAI - STMATIC pairs must be supplied as LP, not just MAI.
There is currently no Advanced.
However, unlike other mainnet Defi platforms, certain tokens cannot be mined immediately.
Current users of this platform can be rewarded with NFTs, which refer to points for TIME tokens to be issued in the future.
This will be discussed in detail in the next section.
LP supply can cause losses, so it's good to experience it in a small amount and do it after understanding it enough.
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What to do?
You can see all the details by entering the TIMESWAP Discord.
Early NFTs were distributed mainly to community activity targets, and the NFT itself had a score representing a TIME POINT.
As you can see, I was able to get 150 points in the bottom right corner.
With the recent emergence of credential platforms in 2022,
Currently, TIMESWAP conducts quests and collects points through many credential platforms.
I used quest3 and dework platform, but I will introduce only two places that are currently focused.
On the Galxe platform, an event-type quest called Supernova is in progress for about 16 weeks.
This is because the quantity according to the LP supply on the parent homepage
NFTs are paid according to 100-500, 500-2000, and 2000 or more.
It is possible to do it once every 2 weeks.
I'm collecting all of them except for round 1. We assume that this NFT will be converted into points in the future and exchanged for TIME tokens.
Second, CREW3 Quest was recently opened, and it seems that the tasks required for the platform will be concentrated in the future.
Daily check, dapp activity
Consists of social media activity and more.
If you are interested, it would be nice to keep an eye on this project.
This is retroDAO Rover.
thank you