Goblins Bringing DeFi 2.0 to the smartBCH Community

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First Defi 2.0 protocol on SmartBCH

2 years ago

Throughout history, goblins have generally suffered a poor reputation. However, not all goblins were dim-witted or evil. Some goblins became heroes. Those goblins may have found it difficult to overcome their temper and greed, but those who did often found it could be more rewarding, in the long run, to serve good rather than to serve evil. Those that served good, often made use of their ill-gained talents as “rogues.” We welcome all to join us as “rogues” in our quest to bring DeFi 2.0 to the smartBCH community.

Why Goblins?

Goblins DAO (“Goblins”) was founded to solve the current problem of Defi 2.0 protocols: their divergence from protocol owned liquidity (“POL”) and the prioritization and use of Treasury reserve bonds (“RBs”) over liquidity bonds (“LBs”).

Why smartBCH?

We are launching Goblins on the smartBCH chain. smartBCH has significant upside as a DeFi chain as it offers a unique value proposition that you cannot find in the cryptocurrency space. smartBCH offers a) a main chain, Bitcoin Cash (“BCH”), which offers peer-to-peer electronic cash with big blocks, and b) a side chain that can offer DeFi products. Transactions are confirmed far faster than most other blockchain solutions and cost a fraction of a cent. Additionally, in May 2022, an enhanced decentralized security feature will be added called SHA-Gate for BCH transfers between the BCH main chain and smartBCH.

smartBCH is also fully compatible with the Ethereum Virtual Machine, which means that smartBCH supports all smart contract languages that are compatible with the Ethereum blockchain.

We started with smartBCH, and our prospective roadmap came second. We have a long history with BCH and never considered a different chain to build on. We waited for BCH to add smart contracts and then put together our suite of products that we thought would be most beneficial to the community. We expect smartBCH to gain more traction over the coming months and years, as it builds its community.

We believe in ourselves, the smartBCH community and in smartBCH’s potential. Our goal is not to just build a successful product, but to help build a successful ecosystem. We want all legitimate projects on smartBCH to be successful and look forward to playing our part in helping other projects and the ecosystem succeed.

Our Roadmap

Funding & Liquidity

The Founders quit their jobs and worked full-time to bring DeFi 2.0 to the smartBCH community without any compensation. Any expenses incurred were self-funded. Starting with the launch, Fifth Khagen LP, a cryptocurrency hedge fund, and the founders have invested $150,000 to provide a) initial launch liquidity to the site of no less than $50,000, and b) $100,000 to bring on additional team members and support our roadmap plans.

Moving forward, we are planning to use our investment funds until we have built a sufficient liquidity reserve for a DAO payment structure and community reward system to be put in place as approved by the community, which will allow for further team expansion.

The Founders, Fifth Khagen LP, and our Advisors have been issued incentive option tokens for their monetary investments, time given in the creation of the site, and to incentivize them to continue to utilize their talents in adding innovative features/functionality to the site and building a strong smartBCH community. Their incentive tokens vest, based upon the supply growth of our token.

The Team

Most teams prefer to remain anonymous for various or nefarious reasons. We have chosen a different path. We believe it is important for the community to know the people behind the project and their community. Currently, we are a team of nine members that consists of three founders, three advisors, two community managers and a consultant. In the next two weeks, we will independently KYC with a third party.

Founders

Advisors

Team Members

Security

We understand the importance of addressing the safety of the protocol, as DeFi projects turn out to be unreliable and at worst, scams. The Goblins’ team has the same goal in mind as all community members: to provide reliability and, most importantly, a secure framework for our site.

To begin, we have implemented Multi-signature Authentication (“Multi-sig”) on the DAO Funds Wallet. Two of three founder signatures are required for the Multi-sig procedure. In the next two weeks, we will implement Multi-sig for the Treasury, bonds and staking contracts. Additionally, it is our goal to expand the number of signatures required to 3rd parties in the community as it grows.