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Templar DAO
TemplarDAO is a decentralized reserve currency and hedge fund featuring a proprietary treasury-reverse protocol
What is Templar DAO?
Templar is a decentralized reserve currency protocol available on Binance Smart Chain that introduces unique economic and game-theoretic dynamics into the market through staking and bonding. TemplarDAO has been looking for a way to encourage long-term staking, as this will be in the best interests of the growth of the project, and therefore also in the best interests of our investors.
TemplarDAO is a decentralised reserve currency and a multi-chain hedge fund featuring a proprietary treasury-reverse protocol available on Binance Smart Chain, Moonriver and Harmony.
Decentralized Exchange (DEX): Templar Finance might include a decentralized exchange where users can trade cryptocurrencies directly from their wallets. This feature allows for peer-to-peer trading without the need for intermediaries.
Staking and Yield Farming: Platforms like Templar Finance might offer staking and yield farming opportunities. Users can stake their tokens or provide liquidity to earn additional tokens or rewards. Yield farming involves participating in liquidity provision or other designated activities.
Governance and Voting: Some DeFi platforms incorporate governance mechanisms, allowing token holders to participate in decision-making processes. Users can vote on proposals, changes to protocol parameters, or the addition of new features.
Asset Management: Templar Finance might offer asset management services, allowing users to deposit and manage their digital assets. This could include features such as portfolio tracking, asset diversification, and risk management tools.
Security Measures: Cryptocurrency platforms often prioritize security. Templar Finance might implement security measures such as smart contract audits, bug bounties, or multi-signature wallets to protect user funds and enhance platform security.
TemplarDAO is a decentralised reserve currency and a multi-chain hedge fund featuring a proprietary treasury-reverse protocol available on Binance Smart Chain, Moonriver and Harmony.
Decentralized Exchange (DEX): Templar Finance might include a decentralized exchange where users can trade cryptocurrencies directly from their wallets. This feature allows for peer-to-peer trading without the need for intermediaries.
Staking and Yield Farming: Platforms like Templar Finance might offer staking and yield farming opportunities. Users can stake their tokens or provide liquidity to earn additional tokens or rewards. Yield farming involves participating in liquidity provision or other designated activities.
Governance and Voting: Some DeFi platforms incorporate governance mechanisms, allowing token holders to participate in decision-making processes. Users can vote on proposals, changes to protocol parameters, or the addition of new features.
Asset Management: Templar Finance might offer asset management services, allowing users to deposit and manage their digital assets. This could include features such as portfolio tracking, asset diversification, and risk management tools.
Security Measures: Cryptocurrency platforms often prioritize security. Templar Finance might implement security measures such as smart contract audits, bug bounties, or multi-signature wallets to protect user funds and enhance platform security.
Information
Type
Blockchain
BSC, Moonriver, Harmony
Currency
Platform
Publisher
Version
FAQ
What is Templar?
Templar is the first decentralized reserve currency protocol available on the Binance Smart Chain based on the TEM token. Each TEM token is backed by a basket of assets (e.g. BNB, BUSD, TEM-BUSD LP) in the Templar treasury, giving it an intrinsic value that it cannot fall below. Templar also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. Growing the treasury so as to be able to increase dividend payouts to stakers is a key part of TEM's long-term strategy, so TEM can perhaps best be considered as a kind of crypto hedge fund. The only way new TEM can be minted currently is through bonding. Bonds are controlled by algorithms which incentivize or disincentivize bonding in the best interests of the treasury and, by extension, the project's stakers.
What is the point of Templar?
Our goal is to build a policy-controlled currency system, in which the behavior of the TEM token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that TEM can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation. Without the use of fiat currencies, we intend to bring stability to the cryptocurrency economy through our protocol and granting everyone equal access by creating an inclusive platform for economic empowerment.
How do I participate in Templar?
There are two main strategies for market participants: staking and bonding. Stakers stake their TEM tokens in return for more TEM tokens, while bonders provide LP or BUSD tokens in exchange for discounted TEM tokens after a fixed vesting period.We hear you! Take part in our protocol through the DAO. Governance participants can get involved on our community telegram.
How can I benefit from Templar?
The main benefit for stakers comes from dividends paid out in our interest-bearing stablecoin TM, though price exposure remains an important consideration.The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in TEM tokens and thus the bonder's profit would depend on TEM price when the bond (minted TEM) matures. Bonders benefit from a rising or static price for the TEM token!
Who created Templar?
Templar was born as a fork of Olympus on the Binance Smart Chain but has since radically differentiated its product from that of Olympus. Our team is mostly anonymous, born from the DeFi Community, but has been audited by Certik.
Who runs Templar?
No one. Templar is DAO-governed. All decisions are formed by community members on the forum and made by token holders through snapshot voting.
Why do we need Templar in the first place?
Dollar-pegged stablecoins have become an essential part of crypto due to their lack of volatility as compared to tokens such as Bitcoin (BTC) and Ether (ETH). Users are comfortable with transacting using stablecoins knowing that they hold the same amount of purchasing power today vs. tomorrow. But this is a fallacy. The dollar is controlled by the US government and the Federal Reserve. This means a depreciation of dollar also means a depreciation of these stablecoins.TemplarDAO aims to solve this by creating a free-floating reserve currency, TEM, that is backed by a basket of assets. The basket of assets has two uses, a) to be used for buybacks and burns as necessary to maintain the $1 floor price of TEM, b) to be invested in order that dividends can be paid out to stakers. Holders are thus incentivized to invest long term, rather than swing-trading, further bringing price stability.
Is TEM a stable coin?
No, TEM is not a stable coin. Rather, TEM aspires to become an algorithmic reserve currency backed by other decentralized assets. Similar to the idea of the gold standard, TEM provides free floating value its users can always fall back on, simply because of the fractional treasury reserves TEM draws its intrinsic value from.
Why is PCV important?
As the protocol controls the funds in its treasury, TEM can only be minted or burned by the protocol. This also guarantees that the protocol can always back 1 TEM with 1 BUSD. You can easily define the risk of your investment because you can be confident that the protocol will indefinitely buy TEM below 1 BUSD with the treasury assets until no one is left to sell. You can't trust the FED but you can trust the code.As the protocol accumulates more PCV (Protocol Controlled Value), more runway is guaranteed for the stakers. This means the stakers can be confident that the current staking APY can be sustained for a longer term because more funds are available in the treasury.
Why is the market price of TEM so volatile?
It is extremely important to understand how early in development the TemplarDAO protocol is. A large amount of discussion has centered around the current price and expected a stable value moving forward. The reality is that these characteristics are not yet determined. TEM could trade at a very high price because the market is ready to pay a hefty premium to capture a percentage of the current market capitalization. However, the price of TEM could also drop to a large degree if the market sentiment turns bearish. We would expect significant price volatility during our growth phase so please do your own research as to whether this project suits your goals.
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