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Uramaki opening

URAMAKI is the first decentralized reserve and rewards protocol built on the Arbitrum chain that creates real yield for its native token holders through its own services. URAMAKI token — $MAKI, operates through protocol-owned liquidity.
You can participate in URAMAKI by accessing our various appliances through a staking and cooking process. Based on economic and game-theoretic dynamics the two strategies create a positive-sum environment in the market, a recipe for success.
$MAKI multi-reward staking program allows users to receive incentives in the $MAKI token while also rewarding stakers with the most profitable projects across DeFi, allowing them to own a diversified portfolio. This unique model will gradually inflate to a fixed supply and once that limit is reached fees generated by our utilities will be used to buyback/burn $MAKI at which point our tokenomics will become deflationary.
In accordance with this idea each $MAKI token is backed by a basket of ingredients (ETH, USDT, USDC, MAKI-USDC LP etc) and other assets acquired during the project development, giving it an intrinsic value that is supported by a floor price.


In contrast to its predecessors, who based their projects on the bonding and POL concepts, Uramaki is building DeFi apps and other appliances from the early days of its existence in order to increase the flow of assets into the Kitchen (thanks to fees collected from these services) and then utilize these ingredients to accumulate undervalued assets that will significantly raise the value of the entire TVL.
The more valuable assets we gather for our Kitchen, the higher the floor price and, consequently, the intrinsic value of each individual token. This is of particular importance because a higher floor price will allow investors to liquidate some of their rewards through an inverted cooking mechanism, which will calculate the price of redemption based on the value of the assets held in the Kitchen divided by the number of $MAKI tokens that have been issued. With this approach, investors can liquidate some of their holdings without negative impact on the chart, enabling uninterrupted development & growth of the protocol. This function will be introduced in the stage 2 of project development. Our initial objective is TVL growth which will serve as support for future expansion and enable additional investments.
There is also difference in the usecase for staked MAKI (sMAKI). Users who staked their MAKI and earned sMAKI in exchange will be able to earn further revenue from the real yield protocols across the DeFi space. This way, MAKI holders will be able to earn more MAKI through staking while also generating passive yields from DeFi’s bluechips. These additional rewards will be distributed from TVL, with the amount determined by the Kitchen’s performance and feasibility.
To compete with other major providers of similar services, some of our services will offer known and popular utilities. Others will be more innovative — for instance, we are developing an appliance that will allow teams & developers to liquidate their team tokens without actually harming the chart and killing their own projects.
Initial Protocol State: Staking (stake $MAKI, earn $MAKI), cooking, and trading will all be available at launch. Over time, further features will be introduced.
Last modified 9mo ago