Dracula v2.1 Post-Launch Update

Introduction

For a recap of v2.1 improvements, see our launch article here: https://draculaprotocol.medium.com/?p=bc69be3384f9

Post Launch Update

Fund Meetings

The team is actively pursuing this, and there are a few potential partners interested in contributing TVL in order to bootstrap the protocol, and get the dev team funded to complete work on a strategic v3.0 roadmap & implementation.

Initial DAO Council

The DAO council is in its early stages but already consists of investors, community members and subject matter experts. The illustration below outlines Dracula’s DAO structure w/ the introduction of a DAO council. Future articles will go into more detail regarding this structure and related processes.

High-Level Roadmap

New Snapshot Proposal

A snapshot proposal will be published this week for the purpose of understanding where our community stands on this topic and to help drive the conversations within our social channels.

Conclusion

Version 2.1 was a significant milestone for us, but still only the beginning of our journey. A dedicated DAO council will support the core development team in key areas and will help foster a robust DAO based community. Ongoing conversations with TradeFi funds have been very positive on multiple fronts, and could be the spark we need to accelerate towards a 3.0 release.

We like to thank our community for their relentless support,

Team Dracula

About Dracula Protocol

  • Dracula drastically reduces gas fees by pooling together user yields. This enables Dracula to act on behalf of thousands of users simultaneously with just a single transaction. This single transaction fee is then distributed over thousands of users.
  • Dracula boosts user yield by placing pools of yield in interest-bearing vaults. This typically results in an added 8–15% boost on top of user returns (Excluding a performance fee that is typical for any yield aggregator).
  • Dracula automatically compounds user yield. Regular compounding leads to exponential returns over extended periods of time vs. linear returns.
  • Dracula delivers your LP rewards to you in ETH, basically allowing anyone to earn pure ETH with any LP token without manual intervention.
  • Dracula does *not* reward liquidity providers minting hyperinflationary tokens that supress price. DRC is non-inflationary with 100% of supply circulating. It is acquired from the markets directly whenever a user chooses DRC over ETH, and additionally through a 3.75% LP fee.

Links

Twitter: DraculaProtocol

Telegram: DraculaProtocol

Discord: DraculaProtocol

Get DRC: Sushiswap

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