DANZO
DANZO APP consists of the DANZO ARENA:nnThe DANZO ARENA is exclusive to DANZO holders. Holders deposit their tokens and receive the appropriate amount of $HODLDANZO, which allows them to swap back to DANZO when they withdraw.nAfter the deposit, the tokens are added to the DANZO ARENA TVL together with other players’ tokens. There is a standard withdrawal fee equal to 10% of the deposit. Of this fee, 8% is split among all the other players still in the game, and 2% is burned forever.nnBesides the basic function of the DANZO ARENA, which is live right now, DANZO ARENA participants will have the option to BORROW DANZO up to 30% of their ARENA POSITION with a fixed interest rate and loan duration.nCollateral for these loans is the amount of DANZO deposited plus the profits from people exiting the arena. This ensures a healthy and safe borrow-to-collateral ratio since we are operating with the same pair. Price fluctuations do not matter, and liquidation only occurs when the loan duration expires.nThis gives the ability to DANZO ARENA participants to either short DANZO if they dare, take advantage of LP farming etc.nnBesides the ARENA and LOANS DANZO APP also offers a variety of games where you can play using your favorite CNTs!
About DANZO
DANZO APP consists of the DANZO ARENA:
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The DANZO ARENA is exclusive to DANZO holders. Holders deposit their tokens and receive the appropriate amount of $HODLDANZO, which allows them to swap back to DANZO when they withdraw.
n
After the deposit, the tokens are added to the DANZO ARENA TVL together with other players’ tokens. There is a standard withdrawal fee equal to 10% of the deposit. Of this fee, 8% is split among all the other players still in the game, and 2% is burned forever.
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n
Besides the basic function of the DANZO ARENA, which is live right now, DANZO ARENA participants will have the option to BORROW DANZO up to 30% of their ARENA POSITION with a fixed interest rate and loan duration.
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Collateral for these loans is the amount of DANZO deposited plus the profits from people exiting the arena. This ensures a healthy and safe borrow-to-collateral ratio since we are operating with the same pair. Price fluctuations do not matter, and liquidation only occurs when the loan duration expires.
n
This gives the ability to DANZO ARENA participants to either short DANZO if they dare, take advantage of LP farming etc.
n
n
Besides the ARENA and LOANS DANZO APP also offers a variety of games where you can play using your favorite CNTs!
