The ambition of CURE is to become the most widely adopted and most trusted protocol for yield farming in the DeFi space. Many of CURE’s investors have been a stable group of liquidity providers and will become a diverse set of companies and individuals. The sufficiency and security of CURE’s liquidity will enable it to act as a more general financing tool as CURE will initiate lending projects in the future.
The focus of CURE needs to be on providing an attractive risk-adjusted return over the long term. While other successful DeFi projects, such as Pickle Finance and Basis Cash, tend to generate hefty returns over a short period of time, CURE will target a relatively low-risk, steady-yield segment of the market. However, there are a couple pieces of missing puzzle that will reinforce the foundation of that objective.
CURE will use its already robust community consensus, tied with community governance backed by DAO tools to accelerate growth and decentralize governance.
Building phases
Over the first month of CURE’s launch, CURE was able to establish a community that approves of this unique type of yield farming, release 24 more LPs, complete CMC listings, and create snapshot voting strategy for DAO purposes.
Crypto moves fast and these goals could change, but as of writing, the objectives below seem like the improvements that could potentially bring the highest value to make for the long-term growth of CURE.
Phase 1 plans — Q1 2021
Milestones:
Mature DAO community governance model
60 LPs
Listing on Sushiswap onsen
On February 5th, Team CURE created its profile on snapshot on-chain governance, a platform that gives equal opportunity for every community member to contribute to CURE’s improvement proposal. This voting strategy acts as the first step towards a DAO community. Furthermore, the transparency of proposals that snapshot could give users a heads up in advance. However, a mature community governance model entails not just a voting mechanism but also a collective contribution mechanism on the devs end that invites every community member to contribute to project improvements.
The plan for the near future is to establish a DAC via Metis Protocol, an Ethereum address will be assigned to the DAC, and all the community members can join and connect with this address.
It is quite like other DAO’s governance protocols, but the difference is that you need to stake some “Bonds” first in Meta Staking Contract to create or join a DAC.
One could acknowledge that a DAO community has drawbacks however, since bugs of DAO community are harder to fix, and that proposals could be championed only if they heavily favored the users rather than the long-term growth of CURE. DAO relies too much on the smart contract, while the machine language is not suitable for conveying complex business logic. It’s almost impossible for a general internet community to become an expert to compile all its collaboration needs into the contract. The stake is too high! It is also costly and low in efficiency if every operation step needs to run smart contracts on the blockchain to reach the global consensus.
Coming up next will be the 60 LPs milestone. While some may critique that having too many LPs may result in too low apys, others enjoy the variety of LPs so that they could invest otherwise less lucrative tokens and harvest CURE that will worth much more.
The last big objective of the near future would be to list CURE on Sushiswap onsen for more trading windows. However, the listing process might take a little while to complete depending on reviewing speed from Coingecko.
Other plans in 2021
Milestones:
Partnership with Balancer
CURE dApp
Lending Project
“Alone we can do so little; together we can do so much.” — Helen Keller
In the second half of 2021, CURE will set sail on a route with partners like Balancer, an AMM protocol that enables direct LP trading.
Team CURE is confident that the partnership could provide both freedom of transfer and scalability to this project so that users are not restricted to harvesting but rather are given more options for market gains.
Developing any application is not an easy task, particularly for dApp because it requires different pieces of technology. Software frameworks include many of the needed features or provide easy plugin systems to pick the tools you desire.
Nevertheless, already ambitious and long-term focused, CURE devs will not be held back by technical difficulties as the team will look to expand with more talented professionals joining and working together towards this objective.
Last but not least, lending project will be a huge focus of Team CURE in the second half of 2021. The mission is to become a widely trusted intermediary in DeFi where users could borrow and lend tokens without collateralization. Too good to be true? CURE is already able to achieve securing assets for everyone, thanks to its mechanism of “automatic burning” and liquidity locks. The lending project is just going to be a natural derivative product that stems from CURE itself.
Join CURE community:
Telegram: https://t.me/CureFarm
Twitter: https://twitter.com/CURE_Farm
Start farming today at cure.farm
Participate in governance on the https://snapshot.page/#/curefarm.eth
