VESQ a decentralized reserve currency protocol based on (MATIC) Network

What is VESQ?
VESQ is a decentralized reserve currency protocol available on the Polygon (MATIC) Network based on the VSQ token. Each VSQ token is backed by a basket of assets (e.g. FRAX, MATIC) in the VESQ treasury, giving it an intrinsic value that it cannot fall below. VESQ also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

What is the point of VESQ?
Our goal is to build a policy-controlled currency system, in which the behavior of the VSQ token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that VSQ can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.

How can I benefit from VESQ?
The main benefit for stakers comes from supply growth. The protocol mints new VSQ tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in VSQ and thus the bonder’s profit would depend on VSQ price when the bond matures. Bonders benefit from a rising or static VSQ price.

How do I participate in VESQ?
There are two main strategies for market participants: staking and bonding. Stakers stake their VSQ tokens in return for more VSQ tokens, while bonders provide LP or DAI tokens in exchange for discounted VSQ tokens after a fixed vesting period.
Governance participants can get involved through discussions on our Community Discord and Telegram. We are always looking for new community members to contribute!

The beginning of Genesis DAO
Currently the The Genesis DAO consists of the core Vesq team, advisors and investors. We will expand into a community DAO at a later date in the future.

The Principle
The Genesis DAO is designed on strong principles: building Vesq for the long-term, community first and fairly in all aspects, and prioritising stable wealth creation and value. Our mechanics are forked from OlympusDAO which has been proven to work which can be explored in our Medium posts.

Protect Your Value
VSQ is minted and evenly distributed for staking rewards. More VSQ staked reduces the APY but pushes the VSQ price higher, creating a balance that protects your investment. Designed with long-term protocol health in mind. All VSQ minted for staking rewards are backed with a reserve from the Treasury.

Vesq is offering up to ~12k% APY on deposits, fully audited by Paladin and invested by founder of Aave, Frax & Polygon. 0 deposit and withdrawal fees. VSQ has a market cap of ~$5m. Join our community
Telegram: @vesqannouncements

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