Prometheus is a DaaS (DeFi as a Service) protocol hosted on the BNB Chain.
Prometheus is caracterized by its high return on its investment treasury. For exemple, the value of the Prometheus treasury grew by 52% in the month of July 2022.
The return of these investments are then redistributed one time a month to its investors in form of BUSD dividends.
The $PHI Token is the native token of Prometheus. It can be used to:
Buy "Temples" and receive $PHI rewards every day (like bying a share of the protocol).
To be locked in order to receive $dPHI, the dividend token to increase the share of the BUSD dividends.
At the fair launch, on the 15th January 2022, 21 million of $PHI tokens were created.
The token allocation was :
5% for the team unlocked linearly over 12 Months;
4% for partnerships and ecosystem growth;
40% burned at the moment of the creation of the contract;
51% for the rewards distribution;
$gPHI Token
The $gPHI token is the governance token which is used by the investors to vote on important decisions regarding the protocol.
Each Temple holder receives a certain amount of $gPHI tokens according to the price of the Temple he purchased.
The governance token ($gPHI) cannot be sold or transferred.
Owning $gPHI automaticly gives you a share of the monthly BUSD dividends.
Monthly stable coins dividends (BUSD)
A portion of the profits from the treasury is returned monthly to the investors in the form of BUSD dividends.
The dividend is divided between the $gPHI holders and the $dPHI holders.
You can check the amount of dividends distributed since the begining on the Dapp.
The Floating Sell Tax
A floating sell tax system encourages the development of a healthy and sustainable growing line.
If the price of $PHI goes up, the sell tax goes down (as down as 10% minimum).
If the price of $PHI goes down, the sell tax goes up (up to 50% maximum).
NB: The BUSD dividends are NOT taxed by the protocol.
The Rewards Decay
A daily decay system causes a decrease of ROI on $PHI tokens Temple rewards over 1 year. More information in the docs.
This feature is meant to increase the sustainability of the protocol.
The Bonds
The protocol allows purchasing Temples with $BUSD and enjoy a discount. The major part of the profits are used to fund the treasury.
The bonds are available in limited quantities and for a certain period of time.
The 4 Different Types of Temples
From the cheapest Temple to the most expensive:
The Apollo Temple / The Kratos Temple / The Ares Temple / The Zeus Temple
The entry barrier is adapted to every kind of investors.