F.A.Q.

Common questions about Rebase DAO, Node Tokens, Tomb Forks and Titano Forks. If you have any question not listed here, contact us!

What is RebaseTokens?

RebaseTokens is born in September 2021 to track Market Cap data of BSC Rebases (Gravitoken forks). It is managed by a single individual, Alex, with the coding help of MadLucien.

There was no tools to visualize Market Cap data during that time and it served as a Telegram and Twitter tracker for a couple of months, till the total death of Rebases on BSC.

On mid-November 2021, OHM Forks began to pop-out with the Wonderland prime and a lot of new forks began to rise. 

On the 4th of December, RebaseTokens started to track OHM Forks as a main target with the creation of a Discord server. 

On mid-December, every OHM Forks was on APY frenzy and they literally diluted themselves to death. Someone stayed alive, someone hasn’t.

RebaseTokens decided to expand his targets and include Node Tokens, Tomb Forks and Titano Forks. 

Titano Forks got some evolution and now they’re called Autostaking & Autocompounding protocols!

RebaseTokens utilizes data from DexScreener API, CoinGecko and Private API sends it through:

  • Telegram Groups
  • Discord Server
  • Twitter
  • Website

In the Telegram Groups you can find all the last tracking data, in real-time.

The same messages gets forwarded to Discord, where every token has it’s own Announcement Channel that you can follow and Add to your Server! 

Twitter tracking is a rotation of all tokens, with a timespan between messages of 15 mins.

*Market Cap data from DexScreener is calculated from TOTAL SUPPLY so it reflect a Fully Diluted value. It can sometimes be wrong.

To have a comprehensive and categorized list, we have divided the tokens we track into 4 major categories:

– Rebase DAO (DAO Rebasing Tokens, with Bonding and Staking features, similar to Olympus DAO mechanism)
– Autostaking (Autocompound and Autostaking protocols, with Buy/Sell taxes, first one was Titano)
– Algorithmic PEG (3 Tokens, 1 Pegged, 1 Reward and 1 used as Bond, mechanism created by Tomb Finance)
– Node (Only category not a “fork” but inception should be Ring type)

Mainly these tokens are known as OHM Forks, Titano Forks, Tomb Forks and Node Tokens but after some progress in the Forks space, we decided to be more general and not track specific forks anymore.

Rebase DAO / OHM Forks

A rebase (or price-elastic) token is designed in a way that the circulating token supply adjusts (increases or decreases) automatically according to a token’s price fluctuations. This expansion and contraction is what we call a rebase mechanism.
Rebase tokens are somewhat akin to stablecoins, in the sense that they both have price targets. However, unlike stablecoins, rebase tokens’ have an elastic supply, meaning the circulating supply adjusts accordingly to supply and demand, without changing the value of the tokens in users’ wallets.

Source: CoinMarketCap
Decentralized Autonomous Organization – DAO
It’s an organization whose activity and executive power are obtained and mantained by strict rules, or as we call them, Smart Contracts!
This ensures the power is held not by a single person but by a Protocol that OWNS the Liquidity and ensures more safety.
OlympusDAO is the first and strongest RebaseDAO out in the Crypto World (as per the end of 2021).
Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX) in the Olympus treasury, giving it an intrinsic value that it cannot fall below. Olympus also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
There are two main strategies for market participants: staking and bonding.
Stakers stake their tokens in return for more tokens given after a Rebase in time, while bonders provide LP or selected tokens in exchange for discounted tokens after a fixed vesting period.
Staking is the primary value accrual strategy of Rebase DAO.
Staking means buy the Token from the swap (ex. Sushiswap for OHM) and lock it in the protocol. Stakers stake their Tokens on the website to earn Rebase rewards. The Rebase rewards come from the proceed from bond sales, and can vary based on the number of Tokens staked in the protocol and the reward rate set by monetary policy.
Staking is a passive, long-term strategy. The increase in your stake of Tokens translates into a constantly falling cost basis converging on zero. This means even if the market price of the Tokens drops below your initial purchase price, given a long enough staking period, the increase in your staked balance should eventually outpace the fall in price.
When you stake, you lock your Tokens and receive an equal amount of staked-Tokens. Your staked-Tokens balance rebases up automatically at the end of every epoch (this may vary from Token to Token)
When you unstake, you burn staked-Tokens and receive an equal amount of Tokens.
Bonding is the secondary value accrual strategy of Rebase DAO. It allows the protocol to acquire its own liquidity and other reserve assets by selling Tokens at a discount in exchange for these assets.
The protocol quotes the bonder with terms such as the bond price, the amount of tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards as they vest, and at the end of the vesting term, the full amount will be claimable.
Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking. Bonding allows the protocol to accumulate its own liquidity. More liquidity ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since the protocol becomes its own market, on top of additional certainty for the investors, the protocol accrues more and more revenue from LP rewards bolstering our treasury.
If you browse Crypto on Twitter, you have at least seen once in your lifetime the sign (3,3).
What it means?
It is the Game Theory!
 
The simplest model of Rebase DAO has two players with three possible actions:
  • Stake (Buy)
  • Bond
  • Sell
 
Staking has the effect of pushing the price up +2. Selling has the effect of pushing the price down -2. The player who moves price gets half of the benefit. Bonding has no price effect but provides a discount of 1.
As you can see, the dominant strategies are all cooperative. Both players’ staking results in 6; stake and bond results in 4; and bond and bond results in 2.
Conflicting moves (stake/sell and bond/sell) are neutral.
Competition (sell/sell) is the only negative sum outcome, with -6.
APY ( Annual Percentage Yield ) tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since the Tokens rebases exponentially.
This means that you can have a very high APY, even in order of millions, on early projects and with a long-time strategy.
TVL ( Total Value Locked ) represents the sum of all assets deposited in decentralized finance (DeFi) protocols earning rewards, interest, new coins and tokens, fixed income, etc.
Because blockchain services are developed on peer-to-peer networks, there is no central authority to govern, build, or improve the ecosystem. Therefore, cryptocurrency investors themselves receive consideration for building these networks from the bottom up with their coins (from Nasdaq website)
Measures the dollar amount of all the staked Tokens!
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any Tokens, your balance today would be X times greater, where X is the current index.
You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your Token balance has increased.

It’s the Return of Interest (or how much you gain with the current Rebase Yield) in the 5 days timeframe.

Next Reward Yield tells you how much your Tokens balance will increase when the next epoch begins. For example, if you stake 100 Tokens and the upcoming rebase is 1%, your Tokens balance would increase from 100 to 101.
Rewards auto-compound so the next Reward Yield will increase the 101 and not the 100.
This means that the next Rebase will take from 101 to 102.01, 103.03 and so on.
That’s why it’s exponential.
The Runway Metric is how long a Token could go at the current reward rate (meaning at the current APY) without receiving new income from liquidity fees and bonds, or if everything stops now.
It’s a very useful metrics for understanding the health of the protocol.

This is just a metric and does not indicate when the protocol will end. With more money in treasury ans same APY, Runway will increase.
See it as a how much time the protocol will need to deplete compeletely the treasury at the actual APY.
This is the premium value that the treasury holds relative to the required backing of the Token (1 $MIM).
Meaning if 1,000 Tokens exists in circulation and the treasury holds 10,000 $MIM in value, each Token is backed by 10.00 $MIM (10,000 $MIM treasury collateral / 1,000 Token issued = 10.00 $MIM backing). Backing can fluctuate depending on the treasury value.
When price goes under Backing, protocol can decide to buyback or do nothing. 
Buying back could be risky because it can be manipulated easily by Whales, that will drain LP.
To increase backing, users need to mint and feed treasury.
The more Backing, the more Runway with the same APY.
Yes, Siam Kidd (Crypto Teacher, founder of The Realistic Trader, therealistictrader.com ) had done a 4-part video guide on Rebase DAO!
He used OHM as example, but as i said in the last questions, pretty much every Rebase DAO is a OHM fork, with little tweaks, so it’s a very good baseline to follow.
 
  1. https://www.youtube.com/watch?v=-ZodrK_V8Fw
  2. https://www.youtube.com/watch?v=oBy7tPmdeuo
  3. https://www.youtube.com/watch?v=Gxo1tDwk8i8
  4. https://www.youtube.com/watch?v=LaExr27cmGI

Node Tokens

A node is a piece of software that connects to other nodes to create a network. Nodes send, receive and store data. Nodes provide integrity and network security and are a requirement for the blockchain to work correctly.

In the case of the blockchain, these nodes are utilized to enforce the rules or transactions that take place on the blockchain. The nodes are designed to validate these transactions. That’s why you may notice whenever you make any crypto transactions, it usually takes a few minutes at least to process. That’s because on the backend, the nodes are validating and approving the transaction.

Nodes in DeFi are setup as NaaS (Nodes as a Service) that means; example. Strongblock ( a famous Node Project ) takes on the hardware, setup and technical aspect of everything and you just buy a node and don’t have to worry about any maintenance outside of a $14.95/monthly maintenance fee.

So what Strongblock is doing, is taking care of all the heavy lifting and maintenance of the node and providing you a daily reward for buying one, this is how you start to earn passive income from the node.

Source: https://news.thebreadmaker.app/p/what-is-a-strong-node

Really depends on the project but in a general talk, you profit daily on Nodes via Rewards that Nodes give. These rewards are accumulated via the Buyers ( ex. ThorFinancial takes 80% of the buy and places it into a Rewards Pool).

You need time to recoup initial investments with Node but if the project keep alive and price stays the same, you should profit out of them!

Autostaking & Autocompounding

First Autostaking protocol was Titano Finance, transforming DeFi with the Titano Autostaking Protocol (TAP) that delivers the industry’s highest fixed APY, rebasing rewards every 30 minutes, and a simple buy-hold-earn system that grows your portfolio in your wallet, fast.

TAP gives the Titano token automatic staking and compounding features, and the highest Fixed APY in the market 102,483.58%, a daily ROI (Return On Investment) of 1.8999%

Yes, Titano Forks are similar to OHM Forks but not identical.

Titano uses Fixed APY for Rebases, and they occur every 30m.
OHM Forks Rebases occure every 6 to 8 hours and APY is not fixed.

Titano Forks uses % of Tax on Buy/Sells, OHM Forks doesn’t have that (usually).

By accumulating tokens via Rebases and sell when you’re in profit.
Take note of the possible Taxes on Buy/Sell before doing so.

Algorithmic PEG / Tomb Forks

TOMB is the algorithmic token that Tomb Finance produces, which is pegged to FTM through seigniorage. The token is designed to be used as a medium of exchange.

In the Tomb Finance ecosystem, there are 2 more tokens that keep the project working smoothly:

  • Tomb Shares (TSHARE): TSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Tomb finance ecosystem. TSHARE stakers also receive TOMB after each epoch expansion.
  • Tomb Bonds (TBOND): When the TWAP (Time Weighted Average Price) of TOMB falls below 1 FTM, TBONDs are issued and can be bought with TOMB at the current price. Exchanging TOMB for TBOND burns TOMB tokens, helping to get the price back up to 1 FTM.

    Source: https://coin98insights.com/what-is-tomb-finance#What_is_Tomb_Finance?

Tomb is an optimal model for FTM because FTM tokens will be needed for Validators and TOMB can be used as en exchange token without the need of using it, as it’s pegged to FTM value.

Same concept can be applied on other Tokens/Chains

As they’re pegged to some other coin/Token, if the value of one goes up, the other does too.

You can use these to Farm LP on pair with little to no Impermanent Loss!