Announcing: Royale Finance Web 3.0 Mainnet V1.0 Launch
Roll Out the Red Carpet For The Royale Web 3.0 App!
What began as the idea to promote easy access to liquidity and capital for iGaming entrepreneurs through a transparent blockchain network has quickly evolved into an advanced De-Fi initiative backed by an incredibly strong community of Royale Kings and Queens. We have gone through an exhilarating and rapid development process and we are now finally knocking on the door of the Royale Kingdom’s glorious mainnet launch!
We have secured many key partnerships and introduced new incredible features into the Royale Network. Whilst building our V1 we opened up various opportunities for staking, boosted our network’s security and improved overall utility. It is with great excitement following rigorous testing and the Peckshield audit that we announce the launch of the Royale Web 3.0 App Mainnet.
The Journey To Mainnet…
The advancement of Royale picked up steam with the launch of our testnet in February 2021. The testnet was open to participants around the world who were tasked with finding and reporting bugs, evaluating the Royale app, and participating in social media and community outreach. During testnet we received valuable feedback, contributions and suggestions from network participants from 74 countries!
Royale Web 3.0 App Mainnet is Here!
While we have made many improvements to the Royale app and our network functionalities since the testnet; the mainnet adopts several new attributes including enhancing optimization and responsiveness for mobile use.
Our mainnet has launched with 5 key features that drive the Royale Kingdom’s circular token economy:
- Royale DApp Stablecoin Liquidity Provision
- Royale Pool Token (RPT) Staking & mROYA Farming
- Royale Staking Lots
- ROYA Reserve & mROYA Farming
- DeFi Powered Gaming Liquidity
Royale DApp Stablecoin Liquidity Provision
The liquidity provider feature allows our Royalety to provide liquidity to the network’s stablecoin liquidity pool by contributing any of the following stablecoins; USDT, DAI and USDC. Following stablecoin contributions, LPs receive Royale Pool Tokens (RPT) which represent their share of the pool. Liquidity providers will be able to earn rewards in the form of mROYA when they stake their RPT. The stablecoins contributed are entered into Royale’s yield optimization strategies which contributes to the appreciation of RPT.
In addition to yield optimization strategies, Royale will utilize 20% of the contributed stablecoins to bankroll iGaming and Gaming companies. The potential companies will be extensively vetted by Royale before becoming eligible for the program and will be required to provide collateral in the form of their native tokens or intellectual property if selected by the governing council. Stability fees paid by Gaming companies are then fed back into the Royale liquidity pools which further enhances the appreciation of RPT.
Royale Pool Token (RPT) Staking & mROYA Farming
Under the RPT Staking mechanism, network participants have the option of staking RPT and are rewarded with mROYA. These mROYA tokens earned can then be traded for $ROYA at a later date; which will be decided by the governing council. The RPT staking mechanism encourages liquidity provision and brings stability to the overall Royale token economy. It should be noted that mROYA will be exchangeable for ROYA at a ratio of 1:1.
Royale Staking Lots
The Staking Lots feature allows our Kings and Queens to take advantage of our NFT program by providing entry discounts for those who own certain Royale NFTs. Under this approach, there are 3 groups of staking lots available at the moment with each lot having different requirements for participation. Staking lot participants are periodically rewarded in USDC from stability fees of Gaming companies. As the kingdom grows, their loyalety to the Royale family will also be rewarded with access to exclusive NFT promotions and partner tokens.
The 3 groups of staking lots are:
- The Queen Staking Lot (qROYA) Each Queen Lot requires a contribution of 10,000 $ROYA. Those lucky enough to own a Queen of Queens NFT will benefit from a 28% discount of 2,800 ROYA — so only 7,200 $ROYA per lot.
- The King Staking Lot (kROYA) Each King Lot requires a contribution of 100,000 $ROYA. Those lucky enough to own a King of Kings NFT will benefit from a 28% discount of 28,000 ROYA — so only 72,000 $ROYA per lot.
- The Royale Flush Nodes (fROYA) Each Flush Lot requires a contribution of 1,000,000 $ROYA. Those lucky enough to own a Royale Flush NFT will benefit from a 10% discount of 100,000 ROYA — so only 900,000 $ROYA per lot.
ROYA Reserve & mROYA Farming
The ROYA Reserve was envisioned as a mechanism that enables ROYA holders to easily earn yield on their ROYA. Under this staking system, participants may stake any amount of ROYA they wish and get rewarded with mROYA tokens. These mROYA tokens are exchangeable for ROYA (at ratio 1:1) at a later stage. Participants will begin accumulating their rewards on a per-second basis as soon as they start staking their ROYA in the Royale kingdom’s reserve which also serves as a triple layer of security for the Royale network, in addition to the audited contracts and the risk coverage tools such as the Bridge mutual widget.
DeFi Powered Gaming Liquidity
A new generation of players are demanding fairness and transparency, Royale wishes to support and accelerate like-minded Gaming companies by providing much needed liquidity. Royale LPs enable these companies to compete in a market flooded with Gaming incumbents and VCs who stifle innovation and often leave the founders with bad deals. Gaming operators can now apply for liquidity via a simple form on the Royale Web 3.0 App.
Looking Beyond The Mainnet
We have gone through an arduous but exciting journey to get to our mainnet launch. So far, we have been able to provide an active token economy that has the ability to support Gaming entrepreneurs and benefit the community at the same time through our innovative staking, loyale-ty and reward systems. We are grateful for the support from our loyale community and esteemed partners and we wish to declare that this is just the beginning! We are committed to deploying our resources towards a continuous flow of new and exciting products that enhance the Royale ecosystem and build on our circular token economy.
Our next frontiers include Binance Smart Chain (BSC) bridge as part of the Royale kingdom’s commitment to a cross chain compatible ecosystem. We are also excited about the expansion of our client base beyond the iGaming niche as we explore wider ventures with the addition of traditional Gaming related GDeFi projects. While our mainnet launch is a huge milestone, it is only a small step towards accomplishing other bigger and more ambitious goals — Team Royale.
About Royale 👑
Royale is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using De-Fi primitives to support the innovation of iGaming products and platforms. The combination of iGaming rewards, uncorrelated to De-Fi crypto assets but powered by base layer De-Fi protocols, we call iGDeFi.