The Olympus Post
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The Olympus Post

The Olympus Post, Vol. XXIV

November 6th, 2022: By The Strength of Hercules

Warm greetings to all Olympians!

These last couple of weeks were quite active for Zeus Finance! Reward cuts, a brand new node model including the transition into new reward emissions, and the AMA’s in accordance with founding partners of ‘The Pantheon’ created a lot of different activity on Mt. Olympus. Olympians found themselves asking a ton of different questions, listening to various perspectives and visions, and helping some newcomers and the weary along the way.

Sometimes I feel like a broken record when I place the spotlight on the community, stating how helpful and important the support has been, but I honestly can’t say it enough. The community has held it down, over and over, back to back, and based on the current sentiment in the Discord, it looks like you’re truly ready to hold it down again. Thank you, again. You Olympians are strong, demonstrating similarities to that of Hercules himself.

Where We Have Been:

For those that have been around and active within the community lately, it’s been obvious that the team has been more visible and concerned about the sentiment from the community about the major changes that have been put forth. It is well known that it’s impossible to please everyone, but the true, passionate support of the team’s vision from the community is also crucial. For the team, there’s a fine line between making seemingly life-changing decisions for the protocol, and not destroying the trust they have established with the investors over the last 8 months or so.

Let’s take a look at the last couple of weeks on Mt. Olympus.

1st, just to declare, for months the team said that there would be cuts to the node emissions; reward cuts were inevitable. Then, as time moved on, it seemed important for the team to make an announcement about the official changes and a time was decided on.

Back on October 25th, there was an announcement, warning of the exact reward cut and the subsequent tax rate change for a 24-hour period. To ensure that those who would not attain the 15% Tax Fee were not hit with an 80% Tax Fee, the team decided to hold a 24-Hour grace period in which all users were provided access to claiming with a 35% Tax Fee, on November 2nd.

There were some expectations of a possible mass sell-off due to the fact that a majority of users would be claiming in one 24-hour period, but the community stayed strong and the price maintained.

2nd, Zeus Finance’s NFT Collection, The Olympians of Avalanche, was officially verified on Joepegs.com, currently Avalanche’s most active NFT Marketplace. High volume on there is marketing in itself, so don’t hesitate to make purchases and sales of OoA on there. We support NFT transactions everywhere!

3rd, Zeus Finance held two AMA’s in conjunction with both Assure DeFi and RBX the last two weeks. The perspectives of the founders of each protocol were extremely enlightening, shining light on topics that members of Zeus Finance didn’t have as much experience in.

For those that haven’t been able to listen in and still want to, make sure to check out the recordings in the #past-amas channel in the Discord.

4th, the marketing campaign with Brave Browser has officially launched. It’s been about a week since launch, and the statistics have been much better than originally expected.

5th, Zeus Finance has officially launched ‘The Pantheon’ and it’s corresponding https://pantheonqa.org/. The Pantheon is powered by Aegis, a product of Zeus Finance, which is providing Quality Assurance to existing protocols searching to enhance the overall transparency, functionality, and efficiency of their team.

6th, the 30% node reward cut was implemented as of November 3rd at 3PM EST. The following reward structure for each node is now in place:

Hercules Node Tier: 0.021 ZEUS/day

Hera Node Tier: 0.056 ZEUS/day

Zeus Node Tier: 0.35 ZEUS/day

Kronos Node Tier: 2.625 ZEUS/day

With the release of the first implementation of the node transition, Zeus Finance also released an accompanying ‘Node Transition Report” that outlines the future model of nodes and how the entire transition will look. You can find this report in the #protocol-announcements channel in Discord. For more details, you can also read the recent article I posted about the model, here.

It has been openly identified by the team that the previous node model was unsustainable to accomplish their objective of providing a sustainable passive income to their investors, and as long as nodes emit a native token as a reward, node owners need to sell the tokens in order to profit. To solve this problem of unsustainability and the protocol’s eventual failure, Zeus Finance is moving to a sustainable, healthy, and realistic model for nodes.

Where We Are:

Zeus Finance has had a major focus on the node transition and how the move forward will affect the entire protocol. Therefore, revenue is the most important element to the protocol and the main focus right now is on attaining the necessary amount of revenue to make sure that the node model that has been implemented is prosperous for all investors involved.

Now, here is where Zeus Finance stands right now.

Marketing: The Brave ads are still currently flowing, and so far, the reach has been tremendous. In fact, the numbers are better than what Brave originally told us as the average results. Once the campaign has completed, the team intends on reviewing the overall outcome and moving forward accordingly.

As of this morning, here is some data from the Brave Marketing Dashboard:

Outside of the Brave marketing, the focus is going to be making a much larger presence on Crypto Twitter, where most of the action occurs regarding the discovery of new assets. With a larger Twitter presence, a form of respect and trust forms within the outside community, and we foresee that more investors will actually buy as a result from an increased Twitter following. We want the organic growth, it allows for a more healthy protocol.

Utility: The next form of utility has been decided and steps to move forward are now in place. It’s a multi-faceted utility with intentions of both creating revenue and utility for the $ZEUS token. A piece of the vision will be seen below in the ‘Alpha’ section.

In addition to the [redacted] utility, Kronos is currently working on the node marketplace so that once node caps arrive and the ability to sell nodes are here, the team can launch the internal node marketplace and investors can buy and sell nodes in real-time.

The innovation doesn’t stop, and right now the team is still capitalizing on the time that the bear market provides teams before a large influx of money arrives for the bull run.

Where We Are Going:

The foreseeable future is bright. Zeus Finance has been implementing the necessary conditions to ensure that Olympians will remain safe through the bear market, and will ascend wealth once the bull market arrives. With the emission cut, the $ZEUS token has inherently become more scarce (due to less daily tokens available and emitted) and therefore if the next steps of the transition are implemented as efficiently as we foresee, the following price action for $ZEUS should effectively rise based on demand.

With that being said, let’s take a look at what the future may hold for Zeus Finance.

**Alpha: The roadmap with the goals we plan on accomplishing will be released in this upcoming week. So, instead of diving into the breakdown of the protocols future, with landmarks that will be detailed this week, I’d rather just jump into one specific feature that will be coming soon.

Governance. Voting Escrow is the mechanism of locking tokens for a set period of time to earn voting power, something originally pioneered by curve.finance, where votes have a weight depending on time staked, so that users are committed to the future of, essentially, whatever they are voting for.

Zeus Finance will be implementing the Voting Escrow mechanism into their business model; the voting page will be representing a mechanic that utilizes existing standardized voting emission tokenomics in GameFi, utilizing the veEngine (voting escrow Engine) mechanism. Essentially, staking $ZEUS will receive a ratio of veZEUS, generated at the rate of 0.014 veZEUS an hour. Users will be required to claim the veZEUS before placing any votes.

Essentially, veZEUS is a voting emission share — governance — of $ZEUS to be applied to the desired proposals and/or staking pool(s) that requires a vote denominated in veZEUS. Users will be able to allocate their veZEUS to different pools or proposals to direct the emissions (example: increase Node emissions vs SSS emissions) or the general future of the protocol, basically.

The intention is to give power back to the people and to create more meaningful utility for the $ZEUS token.

More details will be provided about how the Voting Escrow mechanism will work for the protocol. Just stay tuned for more information about the future of Zeus Finance!

Farewell!

If you have a strong purpose in life, you don’t have to be pushed. Your passion will drive you there. — Roy T. Bennett

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