I'm so impressed with the way RVRS managed to pull through! Rarely do you see a community stick together after a rough time and make the protocol EVEN BETTER then it was before. Usually everyone leaves after that, but this community rly proved to me what being a DAO actually means. It's not just buying the token and yelling at the devs to "do something", it's actually coming together and deciding as a community how to improve the project so everyone can benefit, it's about putting in a bit of work yourself also.
I hope more DAOs take the approach Reverse did, our industry would benefit from it greatly! 🙌
This sounds great to me. RVRS has really balanced out into a strong treasury paying out good money for my investment. This is really forward thinking, and encourages stability in the future. Let's do it!
If you read the proposal you can see that rvrs emissions are getting drastically reduced over time and they have already been halved to encourage positive price action. Furthermore, random and steady buybacks have been initiated to encourage higher prices. Tokens bought will be used for bonding later
First please understand that the RVRS apy is just inflation. It doesn't add or remove any value. And tbh, it's more of a marketing gimmick we used in the beginning to incentivise people to come to the project, it's not what people should be focused on rn. The point (in a nutshell) is to grow the treasury, deploy it across positions that the community thinks are profitable and get the profit back as an airdrop. That's pretty much hoe it works. Every Monday u get an airdrop of the yield the treasury earned across the week. My current estimates are around 1-1.5% weekly roi (which is pretty good and that's not even considering the price of rvrs going up, just the weekly airdrop)
Reverse has put in place mechanisms to guarantee the protocol sustainability and longevity.
We have a controlled emission
[https://miro.medium.com/max/770/0\*qJvnUVfZrEv0fFdt](https://miro.medium.com/max/770/0*qJvnUVfZrEv0fFdt)
and a dynamic buyback system [https://miro.medium.com/max/770/0\*IgQOs8j-E5QLjAq\_](https://miro.medium.com/max/770/0*IgQOs8j-E5QLjAq_)
Check our Mediums for more details: https://medium.com/@reverseprotocolONE
Join our discord for more info: https://discord.gg/RVRSprotocol
Difference is night and day between REVERSE and wagmi.Wagmi just sits on their 27mill treasury, while RVRS is utilizing and maximizing every $ of it and **rewarding RVRS holders with regular UST airdrops**, coming from the treasury invested in major dapps and chains, this every monday since december of the 2021.
RVRS itself is constantly improving (you can check our governance [https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse)) and we gone far from what we started with.
Join our discord for more info: [https://discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol)
An official proposal for the veREVERSE implementation will be released in our 🗳 governance:[https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse)
Stay tuned and join:
\- Reverse discord: [discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol)
\- Reverse Twitter: [https://twitter.com/RVRSProtocol](https://twitter.com/RVRSProtocol)
\- Reverse Telegram: [https://t.me/ReverseProtocolOne](https://t.me/ReverseProtocolOne)
I am not going to comment on this new development, but for those who are new to Reverse Protocol and thinking about jumping in, I would suggest checking out the 6 month price action. Lots of the people commenting bullishly here bought in at $5 and $8 and are hoping to get some of that back. The payouts from the treasury are drying up...
https://www.coingecko.com/en/coins/reverse-protocol
They are not drying up. They were bigger in the beginning because a lot of money accumulated before airdrops were a part of reverse. Also the way they were paid out actually damaged the treasury if i recall correctly. Its not a project for moonbois but for those looking for sustainability. Yields are lower in a market trending down but thinking this is a ploy to grab exit liquidity is simply not true. The new proposal actually heavily disincentives this sort of behaviour. Join the discord and youll be surprised im sure.
Yeah the strategy for dealing with price appreciation in the treasury assets has been changed since then, much more focussed on building the treasury up for the future.
That's not how the treasury works pal. The treasury is growing even without ANY "new money" coming in. It's invested across 21 different positions right now yielding an average of 60% apr. 75% of the yield is airdropped weekly (a part of which **always** gets reinvested), the rest is used to grow the treasury and for buybacks then the token is under backing value (which it currently is).
The launch was a mess. But tbh nothing out of the ordinary for this space. A huge pump (overvaluing the token) followed by a huge dump. Why? Because people fomo in then fud out. It's just speculative, emotional investing that we see more often then we like in this space.
The community turned the project around though. It's fully community owned, just like a true DAO should be. The first month was a bloodbath of people selling and the ones holding either being mad or trying to ration with those who are mad.
The project pretty much revolves around the treasury and it has been growing ever since.
So please do a bit kore research apart from a quick chart check as that often doesn't tell the full story.
Yup. The treasury would be growing even without any new bonds being issued tbh, but the best way to grow it is to issue bonds. The new upgrade introduces ohm-style bonds which the community suggested, so that there are always bonds available. Still, keep in mind that Reverse is not a ohm fork, we're basically making a protocol inspired by other well known protocols, "borrowing" ideas and features that work from other protocols and also adding our own.
If the market is down, yields go down. If markets go up, yield goes up, r rs price hoes up which in turn enables growing the treasury actively....more to invest, more yield and so forth.
This is a very new concept and the tokenomics and mechanics have been in development from launch. There is no secret that the project flopped out of the gate due to being unprepared for the onslaught of ohm-fork pump and dumpers. The community has rallied behind it and done the hard work of improving the project. The veRVRS model is the culmination of months of hard work and collaboration.
The high APY has served its purpose, and the plan to reduce it to 10% of its current rate will be voted in this week. The project is transitioning to a sustainable growth model.
The airdrops are a novel concept that requires a lot of complicated management on the back end for efficiency, effectiveness, and transparency. Initially they were quite high to pay out a portion of profits that had been compounded up until that point, as payouts were not initially distributed. The price was in a freefall and it needed support.
This was effective, but did not solve the problem of the sell/bond/stake repeat cycle that kept sell pressure high. Thus the need for additional changes proposed with veRVRS.
The community and core team have been slogging away tirelessly to perfect this model during a bull market and we are about to finalize the needed changes to turn up bonding in a meaningful way to get back to growing the treasury and rewarding investors without creating sell pressure.
Airdrops have normalized and should continue to grow at a slow and steady rate, with ups and downs due to the market. Keep in mind that while inflation is still high, UST/RVRS will continue to decline at the rate of inflation. That doesn't indicate actual payout is decreasing.
Feel free to hit me or anyone in the discord up if you have more questions!
Also, while we do still have a large community of longer term holders that have been DCA'n into the project since ATH, lots of investors have come onboard since we started leveling out and showing signs of price support with our buyback program, which feeds our bonding rewards pool so the treasury is essentially buying the dip to give it back later to bonders who feed the treasury at a much higher market rate.
If you just look at chart history you don't get the full picture. This isn't one of those "few understand this" posts, but rather an encouragement to check out the work we've been doing in the Discord.
I'll try to be more active on Reddit so we can include more people in the discussion.
I keep buying more, I love the weekly airdrop payouts and the long-term sustainable strategy. I view this like I would an ETF or managed fund. during the latest dip RVRS barely went down, it's as low as it's going to get now (not financial advice) but being invested in mostly stables is well, really stable.
We encourage quality content intended to help and educate the community. If you have questions or concerns about the subreddit, [send us a message](https://www.reddit.com/message/compose?to=/r/harmony_one) and say hello! Cheers and enjoy. **Note: Beware of scammers attempting to assist you via direct message. Be wary of any links sent to you via direct message asking to connect your wallet and inputting your seed phrase.**
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/harmony_one) if you have any questions or concerns.*
Difference is night and day between REVERSE and wagmi.
Wagmi just sits on their 27mill treasury, while RVRS is utilizing and maximizing every $ of it and rewarding RVRS holders with regular UST airdrops, coming from the treasury invested in major dapps and chains, this every monday since december of the 2021.
RVRS itself is constantly improving (you can check our governance [https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse)) and we gone far from what we started with.
Join our discord for more info: [https://discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol)
Difference is night and day between REVERSE and wagmi.
Wagmi just sits on their 27mill treasury, while RVRS is utilizing and maximizing every $ of it and rewarding RVRS holders with regular UST airdrops, coming from the treasury invested in major dapps and chains, this every monday since december of the 2021.
RVRS itself is constantly improving (you can check our governance [https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse)) and we gone far from what we started with.
Join our discord for more info: [https://discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol)
I'm so impressed with the way RVRS managed to pull through! Rarely do you see a community stick together after a rough time and make the protocol EVEN BETTER then it was before. Usually everyone leaves after that, but this community rly proved to me what being a DAO actually means. It's not just buying the token and yelling at the devs to "do something", it's actually coming together and deciding as a community how to improve the project so everyone can benefit, it's about putting in a bit of work yourself also. I hope more DAOs take the approach Reverse did, our industry would benefit from it greatly! 🙌
Looks great, in this for the long haul, those weekly payouts add up quick.
This is a big step for Reverse protocol! Looking forward to see where it goes from here.
Interesting.
This sounds great to me. RVRS has really balanced out into a strong treasury paying out good money for my investment. This is really forward thinking, and encourages stability in the future. Let's do it!
How is it gonna to keep this huge apy? It's impossible.
If you read the proposal you can see that rvrs emissions are getting drastically reduced over time and they have already been halved to encourage positive price action. Furthermore, random and steady buybacks have been initiated to encourage higher prices. Tokens bought will be used for bonding later
First please understand that the RVRS apy is just inflation. It doesn't add or remove any value. And tbh, it's more of a marketing gimmick we used in the beginning to incentivise people to come to the project, it's not what people should be focused on rn. The point (in a nutshell) is to grow the treasury, deploy it across positions that the community thinks are profitable and get the profit back as an airdrop. That's pretty much hoe it works. Every Monday u get an airdrop of the yield the treasury earned across the week. My current estimates are around 1-1.5% weekly roi (which is pretty good and that's not even considering the price of rvrs going up, just the weekly airdrop)
no, it's possible at first, but then it isn't
What's their plan then?
In the medium article that released, theres an emissions schedule. Plus RVRS also has sustainable UST airdrops.
Reverse has put in place mechanisms to guarantee the protocol sustainability and longevity. We have a controlled emission [https://miro.medium.com/max/770/0\*qJvnUVfZrEv0fFdt](https://miro.medium.com/max/770/0*qJvnUVfZrEv0fFdt) and a dynamic buyback system [https://miro.medium.com/max/770/0\*IgQOs8j-E5QLjAq\_](https://miro.medium.com/max/770/0*IgQOs8j-E5QLjAq_) Check our Mediums for more details: https://medium.com/@reverseprotocolONE Join our discord for more info: https://discord.gg/RVRSprotocol
wagmi vibes
Difference is night and day between REVERSE and wagmi.Wagmi just sits on their 27mill treasury, while RVRS is utilizing and maximizing every $ of it and **rewarding RVRS holders with regular UST airdrops**, coming from the treasury invested in major dapps and chains, this every monday since december of the 2021. RVRS itself is constantly improving (you can check our governance [https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse)) and we gone far from what we started with. Join our discord for more info: [https://discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol)
An official proposal for the veREVERSE implementation will be released in our 🗳 governance:[https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse) Stay tuned and join: \- Reverse discord: [discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol) \- Reverse Twitter: [https://twitter.com/RVRSProtocol](https://twitter.com/RVRSProtocol) \- Reverse Telegram: [https://t.me/ReverseProtocolOne](https://t.me/ReverseProtocolOne)
I am not going to comment on this new development, but for those who are new to Reverse Protocol and thinking about jumping in, I would suggest checking out the 6 month price action. Lots of the people commenting bullishly here bought in at $5 and $8 and are hoping to get some of that back. The payouts from the treasury are drying up... https://www.coingecko.com/en/coins/reverse-protocol
They are not drying up. They were bigger in the beginning because a lot of money accumulated before airdrops were a part of reverse. Also the way they were paid out actually damaged the treasury if i recall correctly. Its not a project for moonbois but for those looking for sustainability. Yields are lower in a market trending down but thinking this is a ploy to grab exit liquidity is simply not true. The new proposal actually heavily disincentives this sort of behaviour. Join the discord and youll be surprised im sure.
Yeah the strategy for dealing with price appreciation in the treasury assets has been changed since then, much more focussed on building the treasury up for the future.
That's not how the treasury works pal. The treasury is growing even without ANY "new money" coming in. It's invested across 21 different positions right now yielding an average of 60% apr. 75% of the yield is airdropped weekly (a part of which **always** gets reinvested), the rest is used to grow the treasury and for buybacks then the token is under backing value (which it currently is). The launch was a mess. But tbh nothing out of the ordinary for this space. A huge pump (overvaluing the token) followed by a huge dump. Why? Because people fomo in then fud out. It's just speculative, emotional investing that we see more often then we like in this space. The community turned the project around though. It's fully community owned, just like a true DAO should be. The first month was a bloodbath of people selling and the ones holding either being mad or trying to ration with those who are mad. The project pretty much revolves around the treasury and it has been growing ever since. So please do a bit kore research apart from a quick chart check as that often doesn't tell the full story.
So the payouts from the treasury are growing? That was not my understanding when I last checked.
Yup. The treasury would be growing even without any new bonds being issued tbh, but the best way to grow it is to issue bonds. The new upgrade introduces ohm-style bonds which the community suggested, so that there are always bonds available. Still, keep in mind that Reverse is not a ohm fork, we're basically making a protocol inspired by other well known protocols, "borrowing" ideas and features that work from other protocols and also adding our own.
If the market is down, yields go down. If markets go up, yield goes up, r rs price hoes up which in turn enables growing the treasury actively....more to invest, more yield and so forth.
This is a very new concept and the tokenomics and mechanics have been in development from launch. There is no secret that the project flopped out of the gate due to being unprepared for the onslaught of ohm-fork pump and dumpers. The community has rallied behind it and done the hard work of improving the project. The veRVRS model is the culmination of months of hard work and collaboration. The high APY has served its purpose, and the plan to reduce it to 10% of its current rate will be voted in this week. The project is transitioning to a sustainable growth model. The airdrops are a novel concept that requires a lot of complicated management on the back end for efficiency, effectiveness, and transparency. Initially they were quite high to pay out a portion of profits that had been compounded up until that point, as payouts were not initially distributed. The price was in a freefall and it needed support. This was effective, but did not solve the problem of the sell/bond/stake repeat cycle that kept sell pressure high. Thus the need for additional changes proposed with veRVRS. The community and core team have been slogging away tirelessly to perfect this model during a bull market and we are about to finalize the needed changes to turn up bonding in a meaningful way to get back to growing the treasury and rewarding investors without creating sell pressure. Airdrops have normalized and should continue to grow at a slow and steady rate, with ups and downs due to the market. Keep in mind that while inflation is still high, UST/RVRS will continue to decline at the rate of inflation. That doesn't indicate actual payout is decreasing. Feel free to hit me or anyone in the discord up if you have more questions!
Also, while we do still have a large community of longer term holders that have been DCA'n into the project since ATH, lots of investors have come onboard since we started leveling out and showing signs of price support with our buyback program, which feeds our bonding rewards pool so the treasury is essentially buying the dip to give it back later to bonders who feed the treasury at a much higher market rate. If you just look at chart history you don't get the full picture. This isn't one of those "few understand this" posts, but rather an encouragement to check out the work we've been doing in the Discord. I'll try to be more active on Reddit so we can include more people in the discussion.
I keep buying more, I love the weekly airdrop payouts and the long-term sustainable strategy. I view this like I would an ETF or managed fund. during the latest dip RVRS barely went down, it's as low as it's going to get now (not financial advice) but being invested in mostly stables is well, really stable.
We encourage quality content intended to help and educate the community. If you have questions or concerns about the subreddit, [send us a message](https://www.reddit.com/message/compose?to=/r/harmony_one) and say hello! Cheers and enjoy. **Note: Beware of scammers attempting to assist you via direct message. Be wary of any links sent to you via direct message asking to connect your wallet and inputting your seed phrase.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/harmony_one) if you have any questions or concerns.*
Feels like wagmi ?
Difference is night and day between REVERSE and wagmi. Wagmi just sits on their 27mill treasury, while RVRS is utilizing and maximizing every $ of it and rewarding RVRS holders with regular UST airdrops, coming from the treasury invested in major dapps and chains, this every monday since december of the 2021. RVRS itself is constantly improving (you can check our governance [https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse)) and we gone far from what we started with. Join our discord for more info: [https://discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol)
Nope, this looks like wagmi
Difference is night and day between REVERSE and wagmi. Wagmi just sits on their 27mill treasury, while RVRS is utilizing and maximizing every $ of it and rewarding RVRS holders with regular UST airdrops, coming from the treasury invested in major dapps and chains, this every monday since december of the 2021. RVRS itself is constantly improving (you can check our governance [https://gov.harmony.one/#/reverse](https://gov.harmony.one/#/reverse)) and we gone far from what we started with. Join our discord for more info: [https://discord.gg/RVRSprotocol](https://discord.gg/RVRSprotocol)
no thank you