House of Chimera Weekly Altcoin Update Week 14

This week's HoC Weekly's Altcoin Update will highlight Syscoin and LTO Network!

Syscoin

What is DAOSYS?

The DAOSYS is a truly decentralised and accessible DAO, that minimises the governance gap through coordinating cryptocurrency as capital investments. The Autonomous Service Engine (ASE) allows for true decentralisation of DAOs by enabling the deployment of smart contracts on top of smart contracts (e.g. Factory design pattern). The main benefits of the factory model are security and efficiency. The smart contract is secure through the consistency of the underlying factory. It is efficient because smart contracts can call a create function to create a new smart contract without using off-chain alternatives.

What is in it for me?

The users can stake assets in the DAOSYS staking pool; they receive Treasury tokens. These reflect the share in the DAO and, therefore, the amount of future interest for compensating the risk. The treasury tokens can be staked through integrated DeFi protocols, allowing the user to maximise asset efficiency. Additionally, users can deploy their staking pools to allocate capital to fund a particular venture. Therefore, DAOSYS does not use a governance token but utilises an AMM model whereby users can deploy staking pools to participate in the DAO.

What problem does it solve?

Currently, most DAO treasures are controlled by a few individuals holding the majority of the governance tokens. Furthermore, due to operational inefficiencies, most governance solutions are not efficient enough to respect the stakeholder value. The disconnect between the governance token and the underlying value proposition causes an inefficient DAO. DAOSYS aims to resolve this through a typical AMM model, whereby the staked cryptocurrencies are used as a coordinating factor. Additionally, through anti-fragile tokenomics and DeFi integrations, DAOSYS provides an exceptional value proposition for the underlying staked asset.

LTO Network

New tokenomics!

The proposed update of the change of the tokenomics of LTO Network went live last week! The new tokenomics model is very similar to Solana and has deflationary mechanisms correlated to network usage. For each block, a certain amount of tokens is minted; this amount will decrease over time. The ecosystem burns 50% of the transaction fees, and the other 50% is given as a mining reward. Considering the block reward decreases over time, assuming that LTO will grow 30% yearly with an average transaction fee of 0.1, the ecosystem will turn deflationary in approximately six years. The initial inflation rate is 3,76%.

Staking APR

The ecosystem wants to be more attractive by increasing the APY by doubling the number of leased tokens to approx. 200M LTO. The aim is that 60 to 80% of the circulating supply will be staked. This will be a significant increase considering currently, about 30% of the circulating supply is staked. However, allowing higher staking APYs will possibly attract more investors to the ecosystem due to the opportunity of high rewards.