Seasons pays gold and bitcoin into Solana wallets twice a week. CEO Andrey Didovskiy says the money comes from a 10% tax on every trade of its own token.
- Seasons, a Solana protocol, distributes tokenized gold, wrapped bitcoin, and yield-bearing stablecoins to users holding over 10,000 SEAS tokens, funded by a 10% transaction tax on its own token.
- The protocol aims to provide a stable savings account alternative in crypto, but faces challenges with low trading volume, high entry costs due to the tax, and historical parallels to failed 'reflection token' models.
- While Seasons avoids paying yield in its native token, its revenue generation relies on internal trading activity, raising questions about long-term sustainability compared to external yield sources.
Topics: Asset types, Yield performance, Integration with defi, Alternative assets, Yield farming structured products, Rwa collateral lending
Tags: #seasons #solana #tokenizedgold #wrappedbitcoin #yieldbearingstablecoin #transactionaltransfertax #dollarcostaveraging #retailinvestors #decentralizedfinance #safemoon
No comments:
Post a Comment