Ceres Finance - Asset Management DAO With Web3 Focus

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Written by

#Club1BCH

1 year ago

In community: Just Write(e5e5)

Topics: Ceres DAO, Defi, Bsc, Binance, Cryptocurrency, ...

Ceres DAO is bringing freshness in the Cryptoverse. Their aim to reshape on-chain economy by providing automated, composable and decentralised asset management service to investors, companies or DAOs.

Ceres DAO is the world's first decentralized digital asset management protocol based on DAO governance, with a vision of standardized DeFi investment model. The Web3 model provides a non-custodial and decentralized asset management service that tackles most of the current crypto issues.

Ceres DAO is owned by the CES token holders, as they will determine the directions and decisions of Ceres DAO through on-chain proposals and voting.

The community-driven organization gives members a flexible way to take part in investment decisions that traditional venture capital fund models will not provide. When it comes to crypto opportunities, users can earn up to 2900% APY, explore the Rich Panda NFT collection and engage in governance.

The Rich Panda is a series of NFT designed exclusively for DAOs and Nodes, a symbol of eco-friendly and peace. Every DAO or Node has its own NFT and a series of rights and benefits that can be freely transferred.

DAOs and Nodes have the right and ability to raise an idea or submit a proposal about the CeresDAO´s governance or management, with the proposal being adopted and implemented if the approval vote reaches 67%.

Ceres DAO has a strong community, with over 28,000 Twitter followers and 21,000 Discord members. It is a good place to enhance blockchain knowledge and get involved with DeFi.

Ceres DAO protocol consists of $CES as the equity token and $CRS as the liquidity token. CES can be earned through minting, while CRS can be farmed by staking, CES conversion and the secondary market.

I got 100,000 CES tokens and I staked them at 2942.67 APY. The Current Index when I staked was 1.273 CRS, a good starting point for this crypto journey.

The $CRS Token is the liquidity token issued by the Ceres DAO protocol, with a total supply of 1 trillion tokens. CRS plays a key role in the Ceres DAO community and in building the global economic ecosystem.

CES can be converted to CRS at a 1:1 ratio with a 20% transaction tax during the conversion of CES to CRS and allocated as follows: 10% Treasury, 5%: LP pool converted into stablecoins and matched with CRS token for LP and 5% Commission (2.5% for CRS burn and 2.5% for operations).

During the next weeks the Index grew to 4.5 CRS, and earned 21,578 CRS that went into staking. Let the APY do the job and I had 181k CRS next time I checked.