Factory Tokenomic Detail

The concept of an IP Factory token is analogous to a factory that produces valuable goods. Here, the factory token generates yields such as derivatives, NFTs, and other assets from the ecosystem. The speed and quantity of these yields depend on the yield pool and how the token is utilized. Factory token owners can also vote to increase the yield on certain products. The compelling selling point for this tokenomic thesis is that holders can potentially produce 'infinite yields' from the IP ecosystem through ownership of the main governance IP token, when utilized effectively.

(The material isn't financial advice, please do your own research)

Core Concepts & Terms

  • Yield - Assets produced in the Ecosystem.

  • Factory token - The token that will be used to produce assets (genesis token, $WONDER)

  • Derivative token - Yield produced in the form of a token by the factory (e.g 🫐 BitBerry). The name is taken from the mathematical calculus function due to its nature derrivative and integral relationship with it’s parent.

  • Tiers - Holders will have Tiers based on the amount of tokens they hold.

  • Collateral - Assets pledged by a borrower

Ecosystem Yields

  • Wonderverse offers a range of unique products, all connected to expand the Wonderverse ecosystem. Each product line targets a different user base, playing a unique role in the ecosystem's growth. Consequently, the yields will vary based on the specific objectives of each product.

    1. P2E, SocialFi, Earning Games - Targets Web3 airdrop farmers who aim to earn, etc. in exchange for Web3 engagement + ecosystem knowledge (which converts to retail speculators and investors). This will be facilitated by dual token economies ($WONDER being the principal factory & goverance token, and a deflationary token like BitBerries as the primary earning token).

    2. Casual & Midcore Games: 3 billion gamers are casual gamers, we are going to focus on in-game assets that people can own. $WONDER can be used directly to purchase goods at a certain fixed price rate conversion with Stable coins.

    3. IP Licensing: Advertisers can tap into the large ecosystem in Wonderverse (P2E questing for Web3 players, licensing characters to target our casual game audience) by buying and consuming Wonder.

Producing Yield

🫐 In the following section, we will primarily discuss the relationship and method on how $WONDER can produce derivative. For the context of the discussion, we will use 🫐 BitBerry (WonderBit’s currency) as an example.

a. Borrowing against Yield

$WONDER Factory Token model offers a unique and flexible borrowing system against Derivative. Users can utilize $WONDER as collateral to borrow derivatives like 🫐 BitBerry and receive back their initial deposit by returning the derivative. This is the primary method to access the gaming in the early part of the game before the it's tradable in Dex, etc. This offer a way for users to temporarily lock in a portion of their $WONDER assets to access new derivatives tokens.

The borrowing mechanism in Wonderverse can be described using a formula similar to Aave's model. The borrow rate ( R_t ) is influenced by the utilization rate ( U ) of the liquidity pool. 75% of interest generated from the borrowing will be issued back to $WONDER liquidity providers and 25% will be stored inside treasury 

•	( R_0 ) is the base borrow rate.
•	( U ) is the current utilization rate of the pool.
•	( U_{optimal} ) is the optimal utilization rate.
•	( R_{slope1} ) and  R_{slope2}  are rate slope parameters that determine how the interest rate increases as utilization rises.

Zero Borrowing Rate through Staking: An innovative feature of the Wonderverse model is the ability for users to achieve a zero borrowing rate by staking their Factory Tokens and achieving certain tiers. By staking, users can offset borrowing costs, creating an incentive for long-term engagement and participation in the ecosystem.

Over Collateralized Loan

The amount derived from the collateral is locked at a specific rate (85%) against the borrow rate.

	•	Collateral Value ( CV ): The current market value of the collateral asset.
	•	LTV Ratio ( LTV ): The loan-to-value ratio, expressed as a decimal. For example, an LTV of 70% would be represented as 0.70.

Repayment with Derivatives

Users are able to receive $WONDER back by returning their initial principal back, provided they have not been liquidated yet. This process essentially functions as a means of repayment allowing people to play our game with less risk in case the token do not perform.

b. Burning to get Yield

With certain high tier assets (e.g Nodes, core NFT collections), the only way to access these Yields is through the consumption of $WONDER.

c. Staking to get Yield

Staking $WONDER gives allocation of derivative tokens and further $WONDER. The primary way to get it is by playing the game and getting accessing.

Tokenomic : Ecosystem Incentives

$WONDER has a 20-30% pool that will be distributed, the way to access these pools is by playing the games like BitBerries and trading their Berries agains $WONDER

PreviousTokenomicsNextMarketplace

Last updated