Lift.Kitchen (the overview)

Abstract

Let’s say you have a great idea. Perhaps it is a concept for the next best car or phone, a better way to automate industry, or a completely new technology that has never existed before that will change the world as we know it. What is the biggest thing standing in the way of you and your ambitious creation? The individuals with the ideas are rarely the individuals with the capital resources that are required to make an idea successful. The disparity between product building teams and necessary resources leaves a huge number of ideas undeveloped. This untapped potential is what led to a new idea; a decentralized autonomous organization protocol that generates a renewable pool of investable resources for the purchase or development of long-term assets and ideas.

Launching Lift DAOs

We want to create DAOs that extend funding to product building teams who look to solve big human problems. Our focus is to leverage blockchain technologies to automate this investment in a way that benefits investors and product building teams. The use case for this protocol is unlimited. No idea is too big or small: raising funds to help those in need, leveraging capital to expand an existing business, or creating solutions to some of the world’s most difficult problems.

Mechanics of the self-funding protocol

The key to making this work is to make a fine-tuned, hardened protocol that is well tested while not burdening the end-user with complex financial instruments. The protocol will allow creatives to access funds quickly so they can focus on realizing their long-term goals. By implementing an ecosystem that contains a stable “peg” token, mintable rewards token, and a governance token, Lift Kitchen DAOs become a financial powerhouse that supports long-term supporters as well as short-term investors. It also provides a stable flow of sustainable capital that simultaneously bolsters the underlying value of the protocol while also providing resources to product building teams.

Yet Another Stable Coin

What is the problem with stable coins?

‌(lfBTC) Peg Token

The model consists of a peg token (lfBTC) and a control token (CTRL). lfBTC is a rebase token, meaning the supply of the asset will expand or contract to match the value of the peg (wBTC).

(LIFT) Share Token‌

The (LIFT) token acts as a reward token for protocol participants. It is a way for people to take profits without impacting the value of the pools within the ecosystem. LIFT holders can stake their tokens in the boardroom to accumulate CTRL tokens which will give them voting rights. This is a way to incentivize long-term investors who want to have more influence while also giving short-term investors a way to profit that doesn’t impact the future of the DAO.

‌Lift Dao Dynamics

● Honesty and transparency are PARAMOUNT

Proof Projects

Existing tokenomic models of the peg/share system have been adjusted many times in many ways, the result is always the same; a bunch of worthless assets with unfortunate holders wondering what happened. They amount to nothing more than Ponzi schemes because there is a lack of forethought and planning upon the project’s inception.

How will the DAO work?

At inception, the Lift DAO will have 6 CTRL tokens issued. One to each of the founding developers for their time spent building the initial code and 3 spread across the community of supporters and advisors. Within 45 days we expect the total supply of CTRL to be 15–30.

What is the value of a CTRL token?

‌The CTRL token formula is

(CTRL) token creation

Funds can be sent directly to the DAO at the current formulaic value of the CTRL token through USD currency deposits or exchanging lfBTC or LIFT tokens to the Idea Fund

Genesis Protocol

We will be launching a genesis vault on 4/24/2021. The genesis vault will only accept wBTC as the exchange token.

  • 3x multiplier for a 60 day lock
  • 4x multiplier for a 90 day lock
  • 5x multiplier for a 120 day lock

Idea Fund

The Idea Fund is a holding fund for all the emissions that the LiftDAO stable coin protocol produces. The value held in the Idea Fund is available to CTRL token owners via redemption or voting for interest distribution. The DAO is in control of the Idea Fund and how it utilizes the funds it accumulates.

Expected Rewards Payout

2–3% daily. How did we reach this figure?

Conclusion

The LIFT KITCHEN DAO platform is BUILT FOR HODLERS

Contact

visit us at: http://lift.kitchen/ or join the chat at: https://discord.gg/gbqnjFSqrX

Part DAO, Part Algo Stable Coin, Part VC cooking up a new model for funding blockchain products. Contact visit us at: http://lift.kitchen/ or join the chat at: