- Protecting & Securing: We stand guard over our community’s assets, implementing and maintaining robust security measures to protect them and maintaining the integrity of the ecosystem. Compliance with laws and regulations and following best practices for security and governance is important to us.
- Decentralizing & Empowering: We are building a future where power is spread among all, by utilizing decentralized architecture that promotes a more secure, transparent and trustless ecosystem. Empowering users by providing them with more control over their assets and the ability to make informed decisions.
- Inclusion & Fairness: We believe in an inclusive society where financial security is a human right, regardless of their location or socio-economic status. We are committed to developing and implementing solutions to make our products and services accessible to diverse users and creating fair opportunities for all users through transparent and decentralized governance and promoting a level playing field.
- Passion & Hope: Driven by an unyielding passion for decentralized finance and blockchain, we bring hope to our community members for financial growth and freedom. Education is a gift which our community is always generous with. Always researching, developing and implementing new technologies and solutions to drive advancements in decentralized finance.
- Trust & Empathy: We earn trust by being transparent in operations, decision-making and communication with the community. Building trust with our community by providing a secure and transparent infrastructure and fostering active community participation. Caring deeply about user experience and empathizing with their needs, wants and pain points.
LGE (Liquidity Generation Event)
The OATH Liquidity Generation Event offered several groundbreaking features that set it apart from traditional LGE models.
Firstly, in order to ensure the distribution of tokens to dedicated members of the community, a proof of community mechanism based on NFTs (Non-Fungible Tokens) has been employed. These NFTs are attached with terms and conditions, including a linear vesting period, allocation, and a discount percentage. These terms and conditions are adjusted based on the circulating supply of the NFTs, rarity, holder concentration and the size of the discount. This resulted in the ability for participants to craft unique vesting terms through their community NFTs, giving users the ability to adjust to their own desired profile. Any user without an NFT had access to a 4-year long or 90-day vesting period, all permissionless, which attracted a diverse group of contributors with varying risk appetites and strategies.
The LGE was a success, with a total raise of 9,771,967 FTM. Though the distribution of investments revealed a Gini Coefficient of 0.854 indicating a somewhat whale-heavy distribution, this does not detract from the overall success of the event. With the NFT feature and vesting terms, the LGE provided an innovative and inclusive event that was accessible to anyone.
- 30% for incentives is equivalent to 120,000,000 tokens
- 20% for the Liquidity Generation Event (LGE) is equivalent to 80,000,000 tokens
- 13.7% for initial liquidity is equivalent to 54,800,000 tokens
- 12.6% for vested allocations to contributors is equivalent to 50,400,000 tokens
- 11.5% for attracting new talent is equivalent to 46,000,000 tokens
- 8.8% for market making is equivalent to 35,200,000 tokens
- 3.5% for marketing is equivalent to 14,000,000 tokens
- Phase I includes the Governance Proposal Review Committee, the OATH Governance Forum, and the Snapshot voting platform.
- Phase II introduces a mandatory Community Delegate Election, an increase in the MIT, and a minimum number of OATH/bOATH holding wallets required to participate in a proposal vote.
- Learn about the OATH ecosystem: The first step in getting involved is to familiarize yourself with the goals and values of the ecosystem, as well as the existing protocols and products. You can find this information on the OATH Foundation’s website, as well as through reading the documentation for each protocol.
- Acquire OATH tokens: Participating in the OATH ecosystem typically requires owning OATH tokens, which can be purchased on various exchanges or earned by using OATH applications.
- Join the community: Get involved in the OATH ecosystem by joining the community, which can be found on various social media platforms like Telegram, Discord, Twitter, Reddit, etc. and participate in discussions, ask questions and follow updates.
- Make a contribution: Once you’re familiar with the ecosystem and are a part of the community, you can start making contributions. This can include proposing new features or improvements, developing or auditing smart contract code, providing liquidity for protocols, or creating educational resources for the community.
- Participate in governance: Token holders can participate in the governance process by voting on proposals to upgrade, improve, and expand the protocols.
Why Hold OATH?
Decentralized Governance: As a stakeholder in the OATH ecosystem, you will have a say in how the platform is run and developed. The OATH ecosystem is designed to be governed by its users, with governance decisions made through a decentralized process that is transparent and inclusive.
Community Engagement: The OATH Foundation is focused on building a vibrant and engaged community. By participating in the ecosystem, you will have the opportunity to connect with other like-minded individuals, learn from experts in the field, and contribute to the growth of the platform.
Improved Services: By participating in OATH ecosystem, you will be able to take advantage of a wide range of services provided by the platform, from software development, incentives to other users and stakeholders, and it has enabled easy access to liquidity pools, staking, and other opportunities.
Contribution: Participating in the OATH ecosystem can also be a way for stakeholders to contribute to the growth and development of decentralized finance (DeFi) more broadly. The OATH ecosystem is focused on building a more open and inclusive financial system, and by participating, stakeholders can play a role in shaping the future of DeFi.
Content coming soon.
The Byte Masons
The Byte Masons are a development collective that specializes in creating secure and reliable smart contract infrastructure for digital finance. They have been contracted by the OATH Foundation to manage and maintain the risk parameters of the protocols within the OATH ecosystem. This includes the Ethos Reserve, Reaper.Farm, and Reliquary protocols, which are all critical components of the ecosystem.
The OATH Foundation provides the funding and support necessary for the development and maintenance of the protocols while the ecosystem developers, called Byte Masons, design, build, and implement these protocols.
The OATH Foundation earns revenue through fees applied to usage of the aforementioned smart contracts. This revenue is used to develop new protocols and features on behalf of users, as well as fund ecosystem grants, services, and business infrastructure.