Citadel Swap - Overlooked Gem Poised to be the Leader
Base generates fees of $27m per year in the bear market 💰
A leader emerges on to take the crown 👑
A GEM💎 on @BuildOnBase that you must watch 🧵👇
🔷 Market Potential 🔷
@BuildOnBase surpassed @zksync ranking 3rd by TVL
Base is holding up very good metrics
Est annualized number of users ~24m
Est annualized fees of ~$27m
Est annualized revenue of ~$14m
There are over 300+ projects being deployed on @BuildOnBase now.
It's just getting started!
One that pops up very interestingly for me is @citadelswap
🔷 About Citadel 🔷
Allow me to introduce you to @citadelswap
It is a native hyperfunctional DEX and Launchpad built on @BuildOnBase
So, what makes Citadel stand out?
It's about their innovative dual-token model.
Designed for sustainability, while handsomely rewarding loyalists of Citadel.
Now, let's dive deep and explore the concept behind these two tokens: $FORT and $esFORT.
The current problem new DEXes face is that:
People find that they are a risky investment
Heavy emissions in native tokens cause high inflation
Citadel’s dual tokenomics aims to overcome this problem, emulating the success after @GMX_IO escrowed-model.
$FORT
native token
earned as yield rewards together with $esFORT
launchpad benefits (below)
$esFORT
staked $FORT
farming rewards will be distributed in esFORT/FORT in an 80%/20% ratio
earn dividends
Redeem FORT by staking esFORT:
Minimum duration - 15 days (50% FORT as output - ratio 0.5:1)
Maximum duration - 3 months (100% FORT as output - ratio 1:1)
For, dividends, $esFORT holders will be eligible for 25% of the total protocol earnings.
These rewards are distributed based on weekly epochs while consistently ensuring users to enjoy benefits.
🔷 CitadelPad 🔷
$FORT utility on CitadelPad:
Exclusive access to private sales.
Guaranteed allocation for FCFS sale
Join the sale with a discounted price .
Governance: vote on what project to launch and the sale method used.
It the first launchpad that is capble of launching with 4 types of sale:
Overflow farming - users rewarded by allocating $FORT
Fair Launch - all participants receive a number of tokens worth the same value as their contribution.
FCFS/Whitelist Sale - number of participants and allocation per wallet is fixed
Farming Fair Launch - High initial APR staking relative to their contribution.
🔷 Notable Highlights 🔷
A few days ago, they made an announcement that their dApp is going on to testnet.
There may be rewards for dApp testers
Hop into their discord 👀
Citadel is building a v3 concentrated liquidity DEX and will be live at the end of Sep.
For the Citadel warriors who are looking to contribute meaningful and get rewarded for their efforts, you may consider to join their ambassador program.
They welcome anyone!
https://forms.gle/gM1MXU2YF4xqgdvp9
There are hints around tokenomics that points towards a potential public sale, likely on their own launchpad?
@citadelswap team, we are all waiting eagerly for more information about it. 🤩
🔷 Conclusion 🔷
Citadel is an emerging leader in their niches, with impressive innovations that make them stand out.
Base is a leading layer 2 scaling solution, with over 300 projects deployed and strong growth metrics like $27M in estimated annual fees.
Citadel is an innovative DEX + Launchpad built on Base Protocol, with a unique dual token model ($FORT and $esFORT) designed for sustainability and rewarding loyal users.
CitadelPad will be the first launchpad capable of 4 sale types, enabling projects to choose the best launch method. $FORT will have exclusive benefits on CitadelPad.
Citadel is launching their v3 DEX end of September and there are hints of a potential public token sale coming up.
Twitter: https://twitter.com/arndxt_xo/status/1704827990356746677