Traditional DeFi projects rely on large amounts of subsidies and liquidity lock-in, which are doomed to be unsustainable. DeFi 2.0 projects like OHM essentially attract investors with extremely high compound interest returns by focusing on supply growth rather than price appreciation to form a market consensus. Unfortunately, when the market heat declines or the emergence of forks like mushrooms after rain leads to a reduction in subsequent capital inflows, the high premium will slowly dissipate or even collapse.
So how can we create sustainable DeFi projects while ensuring considerable returns ?
Mineral gave the answer: introducing Real World Asset as support to reduce bubbles.
Mineral is the first native BTC DeFi project on Merlin Chain (BTC L2) to issue RWA inscriptions based on BRC420. Unlike many unsustainable DeFi 1.0 projects that rely on large subsidies and liquidity lock-ups, Mineral introduces the positive externality benefits of mining and creates a sustainable interest-bearing asset DeFi model. It adopts a unique treasury design (token $MNER) to continuously increase the holdings of RWA to consolidate value. Through high composability, it opens up broad possibilities for cross-project cooperation and realizes the multi-flywheel design of DeFi.
Mineral took the first step by cold-starting a fair sale on Merlin Chain, and then purchased equipment, built the environment, and provided observer links to ensure transparency in one go. The team responded quickly and responsibly, and quickly attracted a large number of core users. Although there was dissatisfaction from the community and Mineral's empowerment setbacks, this allowed the community to see the team's persistence and sincerity.
For the project owner, the sale of $MNER spot or futures can efficiently replenish the treasury in order to obtain funds for a new batch of RWAs. For $MNER pledge users, they can not only enjoy the net income of new equipment obtained in the second and subsequent batches, but also obtain high APR income from the 20% distribution of the total $MNER release , which is the origin of the positive flywheel.
In general, the design of the entire mechanism also highlights that Mineral is not a violent short-term project, but a long-term sustainable DeFi supported by the introduction of RWAs.
Currently, the first batch of $MNER's new issuance has been successfully completed with an oversubscription of 900%+. As of March 28, 2024, the increase of $MNER is 180% of the new issuance price, and the official $MNER staking has also been opened. We look forward to the market performance of $MNER and Mineral.
Official website: https://www.mner.club/
Participation link: https://x.com/mner_club/status/1773171319716397110?s=20
