- Skull Order
1.1. SkullSwap DEX SkullSwap is a is an Automated Market Maker Decentralized Exchange (AMM DEX) with concentrated liquidity pools where simple swaps are expected to occur with. Skullswap is built on top of Quickswap’s framework and concentrated liquidity pools will be added by purchasing a license from Algebra.
Apart from performing simple swaps, users of SkullSwap can earn rewards in 3 distinct ways:
- Provide liquidity to any of the incentivized pools in order to receive $dSKULL;
- Single stake $SKULL on the “Bag o’ Bones” to accrue part of the fees collected from every trade executed on the platform in the form of $dSKULL. $dSKULL is the liquid staked version of $SKULL, which is designed to continuously appreciate over time by increasing the underlying amount of $SKULL it corresponds to.
- $dSKULL (“Diamond SKULL”), as well as other tokens from a predetermined selection, can be single staked on Tower of Skulls in order to receive tokens from different protocols that integrate the list of partnerships of our ecosystem. Partners determine timeframes and amount for their token rewards distribution.
1.3. Depeg Finance Depeg Finance is a stablecoin de-peg insurance protocol where users can buy or sell insurance against a specific stablecoin depeg event determined by a fall below a certain strike price. Just like an insurance policy, the buyer must pay a premium to the underwriter to compensate for the risk they are incurring in this operation and, in case the de-peg event occurs, insurance buyers will receive the amount available on the underwriter’s vault to cover the losses realized during the period. $SKULL can also be staked on Depeg to earn a portion of the fees generated by the protocol.
1.4. The Ecosystem’s Tokens
- $SKULL token is a key component of the entire ecosystem and can be used across different protocols. By staking $Skull on the different protocols that compose the Skull Order Ecosystem, you can earn a share of that specific protocol revenue.
- $dSKULL, also known as Diamond Skull, is the liquid staked version of $SKULL on Bag o’ Bones, a single stake vault on SkullSwap where a portion of the generated revenue is sent to reward $SKULL stakers. Rewards on SkullSwap are distributed in this token with corresponding $SKULL being deposited on the vault from the launch at a starting rate of 1:1. $dSKULL is a deflationary token. It starts at a value of 1 $SKULL and is expected to increase permanently as more fees from SkullSwap trades are sent to Bag O' Bones, increasing the ratio of $SKULL in the vault to $dSKULL in circulation.
- $esSKULL, the escrowed version of the $SKULL token, is the token distributed by Cranium Exchange as rewards. These escrowed tokens can be staked just like $SKULL tokens and earn the same rewards rate but need to be vested linearly over the course of a year to become standard $SKULL tokens thereby become transferable. Since $esSKULL is not mean to be traded, it can only transferred if one changes the account hey belong to on Cranium.
The Skull Order NFT (SON) collection is a limited edition offering of 5,000 unique NFTs, each with its own unique characteristics. The collection offers a total bonus of 987,400 $esSKULL tokens, which serves as a reward for early adopters of the collection. The initial price of the NFTs is 500 FTM and each NFT comes with an initial power of 10,000 and a bonus of 250 $esSkull. SON collection has 50 tiers of 100 NFTs each. The price of minting an NFT will increase and power as well as the $esSKULL reward decrease by 1% with every 100 NFTs minted. The funds generated from the sale of the Skull Order NFTs will be allocated towards various key initiatives for a successful launch and sustainable development of the Skull Order Ecosystem. 15% of the funds are allocated towards providing initial liquidity for the $SKULL token. 60% of the funds are destined to be added as liquidity for the SLP pool. This SLP position will be responsible for generating a significant part of NFT stakers’ yield.
In addition, 3% of the funds are allocated towards marketing efforts, helping to increase awareness and adoption of the ecosystem. 7% of the funds are allocated towards the treasury, ensuring the long-term stability, funding daily operations as well as ecosystem development. The remaining 15% of the funds are allocated to funding other initiatives such as running a Fantom validator node which requires staking a significant amount of FTM tokens. The timeline for acquiring a node, however, will be dependent on the performance of the sale and on the value accrued to the treasury.
- Tokenomics
- Skull Order’s role in Fantom’s DeFi market
We believe Skull Order to be a first of its kind and a new approach towards DeFi development. Having multiple projects share a single token with yield-earning opportunities on all of them is expected enable the $SKULL token to capture more value, therefore becoming more stable and the overall ecosystem to be more sustainable. We also plan to deploy more projects that will make up Skull Order. One of these will likely be a lending protocol, albeit nothing has been confirmed so far.
| Website | www.skullswap.exchange/#/ |
| Socials | twitter.com/CraniumExchange |
| Socials | discord.gg/3sPFyPdS64 |
| Contracts | 0xfa59...01460b |
| Explorers | ftmscan.com/address/0xfa5992A8A47aF7029e04eC6a95203AD3f301460b |
