What is Tyche Protocol All About?

First, let me tell you about Tyche’s Automated Market Maker (AMM). It’s like a big pool party where everyone brings different types of assets, and the pool acts as a single counterparty for all transactions. This means users can trade assets with the pool without having to find a counterparty, and liquidity providers can profit from swap fees. Cool, right?

But Tyche’s AMM is not just any ordinary pool party. It uses a smart algorithm to price assets based on their relative values, which is way cooler than traditional order-book-based exchanges. And because it’s decentralized, there are no intermediaries to slow things down or take a cut.

Some key features of the Tyche AMM include its token agnostic nature, which means users can trade any token supported by the Evmos platform. It also has low transaction fees, making it accessible to all users. And with 150 validators securing the Evmos blockchain, you can be sure that Tyche’s AMM is a safe and secure way to trade.

Second, Tyche Protocol’s DEX aggregator is like having a personal shopper for your crypto trades. Instead of manually checking different DEXs for the best rates, the aggregator sources liquidity from various DEXs on Evmos to offer the best possible value for a swap. It’s like having a secret weapon in your trading arsenal, optimizing slippage, swap fees, and token prices to benefit Tyche users. Plus, by combining liquidity from different DEXs, the aggregator helps solve the issue of low liquidity pools on standalone AMMs, providing a more efficient and effective trading experience. And if you’re wondering where the aggregator’s functionality comes from, it’s directly referenced from the 1-inch DEX aggregator.

Lastly, TYCHE has a super cool feature called the NFT lending protocol (NFLP). Basically, users can put up their NFTs as collateral to borrow some crypto assets from the protocol. Think of it like borrowing a cup of sugar from your neighbor, but instead of giving them your favorite spatula as collateral, you give them your rare digital art collection! And just like in the real world, when you put up collateral, the interest rates are lower because the lender has some security in case you can’t pay back the loan. So if you ever find yourself in a pickle and need some crypto assets, don’t sell your NFTs — just use TYCHE’s NFLP and keep your digital art safe and sound!

Okay, But What About The ✨TOKENS ✨

Here’s how the protocol gonna distribute the tokens and keep the community incentivized:

First up, doing an airdrop of 70 million tokens — that’s 14% of the total supply! But wait, there’s more! They’re splitting it into two parts to double the fun: When Tyche launches, 50% of the airdrop will be released gradually with a fancy-sounding “linear vesting schedule”. Basically, you’ll be able to claim 10% of your airdrop right away, but the rest will be released to you gradually over the course of three months to avoid a crazy sell-off.

Next, they’re reserving 165 million tokens (that’s 33% of the total supply) to incentivize liquidity providers — to keep our liquidity rockin’ and rollin’!

For all our staking champions out there (me included), they’re dedicating 60 million tokens (that’s 12% of the total supply) to staking rewards! And just like the other incentives, Tyche will be unlocking them daily for 8 years.

75 million tokens (that’s 15% of the total supply) for Tyche’s NFT lending protocol. Keep those NFTs coming and you could earn some Tyche tokens!

Now, all this talk of tokens might have you wondering about the circulating supply. Well, at the genesis we’re starting with 50 million Tyche tokens in circulation (that’s 10% of the total supply). But don’t worry — by the end of year 3, over 80% of our total token supply will be distributed!

So there you have it, folks — the fun and exciting tokenomics structure for Tyche!

The Tyche Roadmap 🛣️

A roadmap is like a treasure map that shows you where you’re going and how to get there. Without it, you might end up lost in the wilderness of confusion and uncertainty.

Luckily, we have been provided a clear and concise roadmap for Tyche early on:

Conclusion

Tyche Protocol is a feature-rich crypto platform with a lot to offer. There’s plenty of fun and excitement to go around — airdrop, plus reserves for liquidity providers, staking rewards, and NFT lending protocol. With a roadmap like a treasure map to guide you through the crypto wilderness, you can rest assured that Tyche Protocol is the real deal. Its AMM makes trading easy and profitable for liquidity providers, while its DEX aggregator optimizes trade value; everything you need to have a great time in the crypto world. So come on in and join the fun — the Tyche Protocol party is just getting started!

More Info:

Tyche Whitepaper (All of the details are in here): https://github.com/tychezone/public-docs/blob/main/Tyche.fi_whitepaper_v_1.1.pdf

Tyche is current live for testing (EVMOS TESTNET): https://app.tyche.zone/#/

Join the crew3 Tyche community for more updates and rewards here: https://crew3.xyz/c/tychehub/questboard

Get Connected Through:

Tyche Github: https://github.com/tychezone
Tyche Medium: https://medium.com/@tychemarketing
Tyche Discord: https://discord.gg/thmGGcycHh
Tyche Twitter: https://twitter.com/tychezone

Follow Me on Medium: https://medium.com/@yesha.jerina