Introducing HunnyDAO, The First Dual Asset-Backed DAO on BSC

Dear Hunnies,

Hunny has been around for almost half a year. We understand that you have been eager to find out what we have been doing and so it is time for us to reveal what we have done so far.

Bringing sustainability is the key to success in the long run. For our $HUNNY token, achieving deflation is always a priority for the team, which is why we have made the decision to cap our supply to 100M $HUNNY instead of an uncapped supply. Bear in mind that we are still constantly burning $HUNNY through the various burning mechanism. To date, we have burned a total of 2.7M $HUNNY, and the burn will carry on until the community decides that it is enough!

Adding to that, we have also recently launched our HUNNY Marketplace with our OG Series Collectible NFT launched in tandem. We have also listened to the community and introduced the Collectible NFT Mystery Boxes, where you can purchase them with $HUNNY. With your support, we have SOLD OUT our Premium Collectible Boxes and our Hunnies are so eager to show them off in our community chat groups. Congratulation to all the Hunnies who manage to snag their favorite HunnyBunnies.

To others who have yet to get their hands on them, there are still the Luxe Collectible NFT up for grab where you may have a chance to get a surprise EPIC HunnyBunny. You may also browse and purchase any listed HunnyBunny from our P2P marketplace.

Closer to heart, we know what works well for us and we are always keeping a lookout for alternatives to grow and improve our existing operations. Hence, we would like to introduce to you our latest product!….*drum roll*…..HunnyDAO!

HunnyDAO is a newly added extension of the Hunny Ecosystem, scaling up the DeFi Game as we aim to be the best yield aggregator on BSC, thus moving towards a more promising future for users and the Hunny team.

What is HunnyDAO?

HunnyDAO re-invent a technique used by the old central banks to peg its own LOVE token with a basket of decentralized assets (e.g: BUSD, BNB, HUNNY) which is stored in the HunnyDAO treasury. By having a basket of multiple assets, HunnyDAO is able to give its LOVE an intrinsic value (IV) that it cannot fall below and at the same time allow the LOVE to float above the value of the backed assets.

What makes HunnyDAO different from other forks of OlympusDAO

A differentiating factor of HunnyDAO as compared to others is that HunnyDAO will introduce a secondary treasury that is backed by profits of the Hunny Ecosystem which includes HunnyPlay, HunnyPoker, and others. Our established products have been revenue-generating since their launch, we are not only able to back HunnyDAO with assets received in the treasury but we are also able to ensure longevity with the constant growth of Hunny’s entire ecosystem.

HunnyDAO also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

There are two main ways to start earning from HunnyDAO: Staking LOVE, and Buying Bonds at a discounted rate.

Staking in HunnyDAO

Staking is the primary value accrual strategy of HunnyDAO. Stakers stake their LOVE on HunnyDAO to earn rebase rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of LOVE staked in the protocol and the reward rate set by monetary policy.

Staking is a passive, long-term strategy. The increase in your stake of LOVE translates into a constantly falling cost basis converging on zero. This means even if the market price of LOVE drops below your initial purchase price, given a long enough staking period, the increase in your staked LOVE balance should eventually outpace the fall in price.

When you stake, you lock LOVE and receive an equal amount of KISS. Your KISS balance will rebase automatically at the end of every interlude period. KISS is transferable and therefore composable with other DeFi protocols.

When you unstake, you burn KISS and receive an equal amount of LOVE. Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked LOVE (if any) will continue to receive rebased rewards.

Bonding in HunnyDAO

Bonding is the secondary value accrual strategy of HunnyDAO. It allows HunnyDAO to acquire its own liquidity and other reserve assets such as BUSD by selling LOVE at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of LOVE entitled to the bonder, and the vesting period. The bonder can claim some of the rewards (in LOVE) as they vest, and at the end of the vesting period, the full amount will be claimable.

Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore, bonding is considered a more active investment strategy that has to be monitored constantly to be more profitable than staking.

Bonding allows HunnyDAO to accumulate its own liquidity. We call our own liquidity Protocol Owned Liquidity (POL). More POL ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since HunnyDAO becomes its own market, on top of additional certainty for HunnyDAO investors, the protocol accrues more and more revenue from LP rewards bolstering our treasury.

Benefits to Our Ecosystem

Improve Sustainability and Capital Efficiency

Protocol Controlled Value (PCV) and Protocol Owned Liquidity (POL) are two crucial elements in HunnyDAO.

As HunnyDAO controls the funds in its treasuries, LOVE can only be minted or burned by the protocol. This also ensures that the protocol can at least be able to back 1 LOVE with 1 BUSD. You can easily define the risk of your investment because you can be confident that the protocol will buy LOVE below 1 BUSD with the treasuries assets until no one is left to sell.

As HunnyDAO accumulates more PCV, stakers can be confident that the current staking APY can be sustained for a longer term because more funds are available in the treasuries. This is one of the main reasons why having a secondary treasury in HunnyDAO is crucial for the sustainability of the protocol.

HunnyDAO owns most of its liquidity thanks to its bond mechanism. Liquidity is issued as bonds so that liquidity is bound to HunnyDAO in the long term which can maximize liquidity and improve capital efficiency.

HunnyDAO does not have to pay out high farming rewards to incentivize liquidity providers a.k.a renting liquidity. HunnyDAO guarantees the market that liquidity is always there to facilitate sell or buy transactions. By being the largest LP (liquidity provider), it earns most of the LP fees which represents another source of income to the treasury. All POL can be used to back LOVE. The LP tokens are marked down to their risk-free value for this purpose.

Attractive discounts and higher rewards for $HUNNY holders

This can drive more people to stake and buy bonds from HunnyDAO.

For Stakers:
The main benefit for stakers comes from supply growth. HunnyDAO mints new LOVE tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.

For Bonders:
The main benefit for bonders comes from price consistency. Bonders commit capital upfront and are promised a fixed ROI at a set point in time with varying price discounts; that return is in LOVE and thus the bonder’s profit would depend on LOVE price when the bond matures. Bonders will benefit from a rising or static LOVE price.

Higher rewards will be given to $HUNNY holders as HunnyDAO gains performance fees from bonds.

Driving price growth of $LOVE and $HUNNY

In order for LOVE and HUNNY to grow together, we will be including HUNNY and HUNNY LPs to its treasury.

The burning mechanism and the capped supply of HUNNY will reduce the circulating supply of HUNNY in the long run, thus driving up the value of HUNNY in the future. Therefore, by including HUNNY, HunnyDAO will ensure that the values of its treasury will go up as well.

This will benefit both the holders of LOVE and HUNNY in the long term, resulting in a win-win situation.

Launch Details

We want HunnyDAO to be owned and run by its contributors.

• The offering price will be $14 per LOVE
• Token Name: Hunny LOVE (LOVE)
• Trading will start on 19th Nov at 0800 UTC.

Bonds available:

• LOVE-BUSD LP
• BUSD
• BNB
• HUNNY
• HUNNY-BNB LP (coming soon)
• HUNNY-USDT LP (coming soon)

HunnyDAO Conclusion

The creation of HunnyDAO will definitely take us one step closer to our goal of becoming the most engaging and fun DeFi destination built on BSC. We are determined to be here for the long term with all our Hunny Supporters to witness the grand development of a sustainable ecosystem with plenty of utilities.

HunnyDAO website: https://dao.hunny.finance/
Read more about HunnyDAO: https://docs-dao.hunny.finance/

Keep Hodling, we are getting there.

#HunnyDAO #buyLOVEgetKISS #NHNM #NoHunnyNoMoney #Hunny

About Hunny Finance

🍯 Hunny aims to be the most engaging and fun DeFi destination built on Binance Smart Chain (BSC). On top of that, we are developing a brand new and unprecedented gamified farming playground ♠️♥️♣️♦️🎰🎲 where every user can enjoy high yields and exciting games at the same time.

🌐 Website: https://hunny.finance/
💬 Telegram: https://t.me/hunnyfinance
💬 Telegram: https://t.me/hunnyplay
💬 Telegram ANN: https://t.me/HunnyFinanceNews
🐦 Twitter: https://twitter.com/HunnyFinance
👾 Reddit: https://www.reddit.com/r/HunnyFinance/
📝 Discord: https://discord.gg/d4fxKZFxPv
📝 Medium: https://medium.com/HunnyFinance
📄 Whitepaper: https://docs.hunny.finance/
👨‍💻 GitHub: https://github.com/hunnyfinance
📧 Email: marketing@hunny.finance