DeFi has a big problem — here’s how we aim to fix it

The solution

Good branding, good marketing, easy to understand and easy to use. That’s what we need to make DeFi mainstream, not the latest hyped-up tech that requires the user to basically fly a space shuttle. A decentralized platform will only ever achieve mainstream adoption when the user can’t tell it’s decentralized. Everything that’s complicated must happen in the background. The tech should work for the user… not the other way around.

Introducing… Earnbase

Earnbase is a user-friendly, all-in-one decentralized platform to earn, save and swap tokens. Made by regular people for regular people.

The Earnbase product suite

Earn

Deposit crypto to our platform (smart contracts). The platform will then continuously move your crypto across different protocols to achieve the highest yield. This is called automatic yield farming.

Save

Deposit a stablecoin to our platform (smart contracts). The platform will then automatically lend out your funds to the highest lending rate on supported platforms (like Compound & Aave). This is called a yield aggregator.

Vault

Deposit ENB to receive ENB rewards and take part in governance.

Swap

Swap between your favorite tokens directly from the dashboard.

The smart contracts will allow us to automate strategies and pool our funds together

What our Earn and Save products do could be done manually… but it would require a lot of time, knowledge and money (to pay for hundreds of transactions yourself). Instead of 500 people making 500 transactions separately, the smart contract will make one transaction. Each user will only pay a fraction of the transaction fee and enjoy an automated process.

Our governance token ENB and its benefits

With the launch of Earnbase we are also launching a governance token named ENB. It will be rewarded to all users in the ecosystem. ENB holders will be able to take part in protocol decisions to decide such things as how users should earn rewards and which new products and features we implement on the platform. Plus, holders will enjoy fee discounts once Project Atlas is launched in 2021. While we currently can’t disclose more details about Atlas we can say that it will play a vital role in the future of Earnbase.

Ecosystem revenue

Earnbase will earn revenue through withdrawal fees, performance fees and swap fees. The treasury will buy and burn ENB equal to 50% of all revenue generated. The remaining 50% will cover the operating cost and fund further development.

A long-term distribution for a long-term vision

We believe that a truly fair and long-lasting ecosystem should allow users to earn rewards regardless if they join early or late. Earnbase users will be able to earn ENB for over 15 years since only 4% of remaining rewards are released per 30 days, with a slightly smaller amount being released every 30 days as the remaining supply is depleted.

Token distribution

Max supply: 1,000,000

Community airdrop in October 2020

Instead of doing a pre-sale, we’re giving away a huge amount of tokens for free. Community members will share 130,000 tokens in the airdrop. The goal is to ensure a fair launch and to build a strong community.

Team, investors and treasury tokens

Team: All 100,000 ENB have been placed in a time-lock with 1/8 quarterly releases over 24 months (the first release is in January, 2021).

Ecosystem rewards

700,000 ENB is allocated to ecosystem rewards. 672,000 ENB have been placed in a time-lock with 4% of the remaining supply being released every 30 days. A multisig currently controlled by the team is the beneficiary (we hope to have community members in the multisig later this year). The 28,000 ENB that are not locked will be allocated to the reward pools for the first 30 days.

  1. Uniswap pool— Provide liquidity to ENB/ETH on Uniswap. Take the resulting UNI-V2 tokens and stake them in our Uniswap reward pool. Earn trading fees and ENB.
  2. Balancer pool — Provide liquidity to DAI/ENB 98/2 on Balancer. Take the resulting BPT tokens and stake them in our Balancer reward pool. Earn trading fees, BAL and ENB.
  1. Earnbase Earn — Automatically invest your crypto wherever it provides the highest yield (automated yield farming). Launching in Q4, 2020.
  2. Earnbase Swap — Swap between your favorite tokens. Launching in Q1, 2021.

Roadmap

Q2 2020

– Idea generation
– Market research
– Team formation

Q3 2020

– Smart contracts
– Partnerships
– Website

Q4 2020

Early Q4
– Basic UX
– Community airdrop
– Governance
– Liquidity mining
Late Q4
– 3rd party security audit
– Earnbase UX launch
– Earnings account
– Savings account

Q1 2021

– Mobile app
– Insurance
– Swaps

A soft launch in October

Our new UX and product suite is in development and will be released later this year. We’re doing a soft launch now with a basic UX to do some testing, get momentum and build our community before we launch the new UX with the full product suite.

If you’d like to take part in our community airdrop, please join our discord with the link below.

Discord: https://discord.gg/bRRBbN4

For the very tech-savvy people reading this — here are all the contracts we have deployed so far

ENB Token:

https://etherscan.io/token/0xa6FB1DF483b24EEAB569e19447E0e107003B9E15

Governance:

https://etherscan.io/address/0x2a941559be456cf42a95c459a31765a2bfadc16d

Time-locks:

Team (100,000 ENB): 1/8 quarterly releases over 24 months

https://etherscan.io/address/0xd5141A7F18584B3cd33808501e3811de673DEA62

Investors (25,000 ENB): 1/8 quarterly releases over 24 months

https://etherscan.io/address/0x4cD26a54D007b14Df6fBd8F6eA73217154400f60

Ecosystem Rewards (672,000 ENB) 4% monthly releases until it runs out (20+ years)

https://etherscan.io/address/0xc89dc40fd7d308763ec1e7a8df13a8d00676e547

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Earnbase

Earnbase

All-in-one DeFi management… made simple. Earn, save and swap tokens from a single dashboard.