Ennead + Solisnek
Ennead Dominance
Since its launch at the 😏tail end of March 2023, Ennead has rapidly risen to prominence as the definitive investment optimizer in the Ramses ecosystem. Merging state-of-the-art technology from previous iterations with trailblazing, diverse reward systems, Ennead has effectively cemented its place within the Ramses infrastructure. Before we delve into the exciting future prospects, let’s take a moment to celebrate our existing achievements.
Over $300,000 in Real-Yield Distributed to neadRAM Stakers
By merely staking neadRAM, the tokenized variant of veRAM brought to you by Ennead, stakeholders transition into active contributors within the protocol. Ennead meticulously aggregates all forms of income — bribes, fees, rebases, and LP performance fees (all deposited on Ennead), and subsequently disburses them on a weekly rhythm during the Ramses epoch. This rewards distribution system operates continuously, with stakeholders receiving their shares every minute in the form of neadRAM and wETH. This signifies a real-yield payout method, implemented in a non-inflationary fashion. With Ennead, stakers often witness APRs soaring over 500% at the commencement and conclusion of the epoch, maintaining impressive levels around 300% otherwise.
Recently, Ennead amended its protocol policy to favor wETH rewards during its reward streaming. This implies that neadRAM stakers will consistently receive a larger portion of wETH compared to neadRAM throughout the week.
Ennead is now the largest veRAM holder on Ramses
Owing to Ramses’s innovative anti-dilutive rebase reward system, Ennead’s veNFT has experienced a remarkable surge from 2,000,000 RAM at inception to nearly 30,000,000 RAM in just over a month — a truly astounding achievement. Ennead’s perpetual ‘flywheel within a flywheel’ consistently furnishes neadRAM stakers with real-yield rewards, concurrently augmenting Ennead’s veNFT with each passing epoch.
By consistently augmenting Ennead’s veRAM position, neadRAM stakers are empowered to accrue a larger share of Ramses’s bribes, rebases, and fees.
Next up: Launch on SoliSnek
Ennead is thrilled to reveal that we are set for a soft launch on Solisnek in the upcoming Epoch. As of today, neadSNEK/AVAX liquidity has been seeded and is slated for further increase as bribes from Solisnek’s epochs materialize.
Mirroring the approach of neadRAM on Arbitrum, neadSNEK stakers will enjoy a steady stream of neadSNEK and wAVAX rewards throughout the week. APRs will peak on Epoch day, then gradually taper off, with the rate contingent on the number of stakers and the volume of Solisnek bribes.
neadSNEK’s veNFT is already demonstrating remarkable strength with a robust 1,000,000 SNEK and is poised to capture a significant portion of bribes in the upcoming epoch. As the dominance of neadSNEK expands, its stakers can anticipate increased streamed rewards throughout the week. LPs deposited on Ennead from Solisnek will benefit from a substantial LP boost, ensuring maximum rewards for their deposits.
Watch us cook 🍳🐍🔥
