The Olympus Post, Vol. XX
September 25th, 2022: When Does It Stop?
Greetings!
It has been a couple of weeks since I have delivered an Olympus Post. With many major updates being released over the last few weeks, I found it more important to focus on the releases and articles detailing the information about those releases than delivering the generally brief Olympus Posts. I know some of you may have missed these weekly posts, so here we are — back at it!
Zeus Finance’s new token contract for $ZEUS, the new dApp, the ‘Olympians of Avalanche’ NFT Collection, and bonding have all officially been released, helping reign in a new era for the protocol. Though, as many of you know, there are two more major releases that are arriving to the project, specifically made to help our investors take advantage of what DeFi has to offer. The goal here has been to create a new type of a decentralized financial suite, something that combines original mechanisms of centralized finance, while adding in the ability to share our profits, redistributing wealth to those who are most active in our community, while remaining decentralized and open to community participation. With the addition of the next two updates to our dApp, Olympians will likely see the vision of the team start to solidify. The surprises, in addition to Aegis and The Pantheon, will strengthen Zeus Finance’s grasp on transmuting DeFi, while encapsulating what it means to be a standard on the blockchain.
Where We Have Been:
The releases have seemingly been non-stop. Between the Monday release of the new token, single-sided staking, and upgraded dApp, to the tZeusday mint-out of the ‘Olympians of Avalanche’ on Alpahshares, to the Wednesday release of bonding, Zeus Finance has continued to deliver the releases that have been built out over the last few months. The team has been steady behind their screens making magic happen — building, solidifying partnerships, communicating with the community, and innovating to the best of their abilities — all to make sure that the protocol perseveres during this dreadful bear market, serving it’s purpose of providing passive income to Olympians. Let’s take a look at some recent events on Mt. Olympus.
1st, I’d like to say that the ZeusSpaces have been absolutely fantastic, and they have been helping our community become more active and engaged (and educated), while helping outsiders see what exactly is going on with Zeus Finance. We love the interaction we have and truly hope the spaces only become larger and filled with more guests, from within and without the community.
As a reminder, we will not be holding a ZeusSpace this tZuesday due to scheduling conflicts with Morpheus. The next ZeusSpace will be October 4th at 12PM EST, as usual.
2nd, on Monday, September 19th, we released our new and improved dApp, launched our new token, all in addition to updating the single sided staking for the new token.
New Token Contract: 0x8C3633eE619a42d3755327C2524E4d108838c47f
3rd, on tZeusday, September 20th, The ‘Olympians of Avalanche,’ Zeus Finance’s Official NFT Collection, was launched on Alphashares Marketplace and minted out in just 15 minutes after Public Mint! A MINT OUT! I, personally, am so grateful for the opportunity and the support that both I (the artist) and Zeus Finance saw from the community. It was truly amazing and the event itself was awesome; the launch party was fun. I am so happy to have been a part of it!
All secondary purchases of the NFTs can be made on Alphashares marketplace, or really any other NFT marketplace native to Avalanche that aggregates data, like Joepegs.
Keep in mind, we will be releasing utility for these NFT’s in the future and foresee the secondary sales increasing once the news has been released. There is a finite supply — 500 — of these NFTs so their utility will be sought after. Do what you will with that information. So, stay tuned!
4th, Zeus Finance launched the bonding mechanism! This allows users to purchase discounted $ZEUS with $AVAX, unlocked over a 7-day vesting period. As a brief reminder, Zeus Finance decided to release bonding as a way to increase their very small supply of about 1,000,000 tokens to about 3,000,000 tokens — a number that is reasonable for our vision with a token that is now more versatile — while simultaneously earning funds and adding value to our treasury, allowing for higher levels of profit sharing. The tokens will be released on a consistent schedule, 4,287 $ZEUS/day at about 12AM EST.
Where We Are:
Zeus Finance is still in the middle of their first major phase of updating the protocol. This phase involved launching the dApp updates as I’ve covered, as well as releasing the two surprises that we have made the community aware of. The protocol essentially launched in the beginning of the bear market, seeing a scarce amount of new money flowing in, so the last few months were used wisely and it was made sure that the protocol could sustain life while still building for the future.
Right now, the team is working, doing what they have to do to achieve all goals outlined. The team has adopted a few more management workflows that allow for a more efficient internal communication style. While we continue to build, even with our upcoming releases, we don’t want to stop. We feel the momentum and want to keep the energy flowing.
Aegis & The Pantheon: In brief, Aegis is a Quality Assurance Standard, something similar to Assure for KYC, but for protocol management. The purpose of Aegis is to define and describe the quality assurance system, to define authorities and responsibilities of the management personnel involved in the operation of the system, and to provide general procedures for all activities comprising the quality system. The purpose of The Pantheon is to provide a neutral, transparent, and open community around decentralized finance and enterprise blockchain, supported by Aegis. The Pantheon, powered by Aegis, will be a community of communities. It functions to establish customer safety, allowing all current and prospective investors to feel psychologically sound when making an investment; they will feel secure in where they plan on placing their capital and know that their money is in good hands with a future in sight.
We have a few partners already locked in and want to finalize one or two more members before the final launch. The current website for the Pantheon is being created as you read this, finalizing the features before the launch. Remember, Aegis and The Pantheon are powered by Zeus Finance, receiving revenue based on the services we provide. This does not require any utility for $ZEUS specifically, but supports the protocol by bringing in real yield, providing a service to others, allowing us to increase the profits that we share, increasing SSS emissions.
Utility & Products: We have been having some conversations about the next big product that we will be building out. The current roadmap is still in place, but note, that we do not plan on stopping at Aegis & The Pantheon as being one of our main sources of revenue. We want to be a financial suite, meaning we will have many avenues for generating profit. We are here to go all the way, achieving heights we can only imagine right now.
Outside of the two upcoming surprises that we will be implementing over the next couple of weeks, we are also in the process of transitioning our business model and making some of the next steps concrete, eventually making nodes transferrable and providing a marketplace for them. The node marketplace will be arriving, along with the node cap numbers and the future outlook for nodes — a new model.
Increasing revenue and increasing overall profits is the goal, thats how we make $ZEUS highly appealing while remaining highly scarce.
Increased profits -> Increased SSS emissions -> Increased $ZEUS demand
Increased Demand For $ZEUS = Positive Price Action
Where We Are Going:
The juicy section. I know you all like to see some alpha, so I’ll make sure that I at least share something about the surprises that are coming soon.
Remember how we mentioned something about a DEX? Well, allow me to elaborate.
**Alpha: It’s time to trade better.
With the official partnership with RBX, a novel ecosystem of decentralized financial dApps, utilities, and protocols that helps accelerate the flow of digital assets and capital, Zeus Finance will be implementing their DEX, which has built-in cross-chain capabilities, helping Zeus Finance get closer to becoming a one-stop shop for decentralized financial services. We will be collecting a small transaction fee per swap, growing our sources of revenue out further.
From their own Medium,
“The majority of DEXs out there simply aggregate the largest DEXs per chain routing. We at RBX think that’s just lazy craftsmanship. Since having the best DEX in the game is what we pride ourselves on, we built our own proprietary Teleswap contracts. That means we control the routing and can give our users the best price possible per trade with the cheapest gas possible. Our Teleswap routers create a more efficient route than other DEXs and that ends up in some hefty savings in transaction fees. Cheaper gas = more profit. When compared to the competition such as Uniswap or Pancake swap RBX can either quote you the same price or less! In some cases, RBX has undercut Uni/PCS gas costs by 20%-25%!”
Part of making products easy to use — part of making crypto adoptable — is minimizing headaches. With RBX’s DEX integrated into the dApp, Zeus Finance makes it easy for the community, and even new members, to participate in the ecosystem by not having to leave the dApp to trade. With RBX’s unique cross-chain solution, allowing seamless trading across all of their supported blockchains (18 and growing), it is just as easy as trading on a single-chain DEX as it is trading on their (meaning, Zeus Finance’s) DEX. For example — an Avalanche token can be traded with an Ethereum token, to a Polygon token, and back again.
You will have the option to swap $ZEUS, $USDC, $AVAX, $RBX, $JOE, $QI, $ETH, $MATIC, and basically any coin available on DEX across 18 chains. This is anything larger and cheaper than anything we could have developed in a few months. We are extremely excited about this partnership; two small protocols partnering, joining hands, and getting ready for the next bull run. Two partners getting ready to ascend wealth.
With the integration of the DEX into Zeus Finance’s dApp, there will be cheaper gas and better pricing for users, which leads to revenue that sustains the project, most of it going back to the community through profit sharing. Like Zeus Finance, RBX is playing the long game and working hard to become a ‘titan’ of the DeFi industry.
Moving money is getting easier with Zeus Finance, and we aren’t stopping here.
Right now, we foresee the DEX integration occurring this Wednesday, September 28th.
What do you think the other surprise may be? We have one more! Drop some ideas in our Discord!
“If you want to be happy, do not dwell in the past, do not worry about the future, focus on living fully in the present.” — Roy T. Bennett
