Arbitrove ($TROVE) protocol is an index product with a basket of Arbitrum-native assets, along with an automatic rebalance mechanism curated by Nitro Cartel, an Arbitrum-focused DAO.
It is a yield-bearing index of Arbitrum-native assets, including blue-chip DeFi protocols, emerging protocols, NFTs, and yield-farming assets. This solution not only brings in new capital but also provides real yield and diversification for experienced users.
In addition, Arbitrove could also effectively solve the liquidity and slippage issue encountered by investors by both including a wide range of Arbitrum tokens in Arbitrove for community members to gain exposure, and to provide long-term liquidity to different tokens.
The initial composition of ALP will include the following tokens deployed in our proprietary strategy vaults earning yield through various strategies:
- GMX: Governance token of GMX, a leading spot and perp DEX on Arbitrum
- MAGIC: Governance token of Treasure, the decentralized gaming ecosystem bringing games and players together on Arbitrum
- GRAIL: Governance token of Camelot, an Arbitrum native spot DEX with custom-built liquidity infrastructure to support builders & generate real yield
- DPX: Governance token of Dopex, a decentralized options exchange on Arbitrum
- JONES: Governance token of Jones DAO, a yield, strategy, and liquidity protocol for options
- RDNT: Governance token of Radiant Capital, a decentralized, non-custodial protocol creting the first omnichain money market
- GNS: Governance token of Gains Network, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform
Based on our recent simulation, ALP will earn around 54% real, organic yield in different native Arbitrum blue chips, and also receive $esTROVE emission.
ROVE is the governance token for the Arbitrove Protocol, a yield-bearing index and strategy vault protocol natively built on the Arbitrum network. ALP, the first index of the Arbitrove protocol, is a basket of selected blue-chip tokens such as GMX, MAGIC and GRAIL, deployed with various strategies to generate yield for our users. In the future, additional indices will be added, including ecosystem-specific indices like the GMX Ecosystem Index, GameFi Index, and strategy-specific indices, like the Ethereum Liquid Staking Derivative (LSD) strategy index.
70% of the total TROVE supply that would ever exist will initially be in the form of Escrowed TROVE (esTROVE). esTROVE is a non-transferable token that can be staked for protocol revenue sharing if the DAO votes for the TROVE staking proposal, which is expected to be submitted in early March. It can also be vested to become TROVE through a 1-year linear vesting starting in September 2023. However, esTROVE being vested is not eligible for staking or fee sharing.
Our tokenomics is inspired by GMX’s successful es-model, aimed at ensuring the long-term success of the protocol, while allowing supporters to benefit from real yields through protocol fees. The team’s token allocation will also be in the form of esTROVE, aligning the team’s incentives with those of our users and passport holders.
Amount of tokens: 1,000,000,000 tokens in total
Nitro Cartel is a Arbitrum-focused DAO with its primary objectives are the following.
1.Bootstrap TVL growth across the Arbitrum ecosystem and allocate members’ capital efficiently & transparently across Arbitrum-native yield-generating strategies
2.Leverage the Cartel's novel governance mechanisms to efficiently to spin up public goods, forever composable with Arbitrums’ leading DeFi protocols.
3.Get rewarded & proportionally distribute any token airdrop from partners and potentially $ARBI token airdrop as a consequence of value-accretive contributions to the Arbitrum ecosystem
