Reverse Protocol offers OHM-style yield generation on Harmony ONE Blockchain. Token Live on Sushiswap
The Reverse Protocol is a one-of-a-kind, OHM-style yield generation and treasury strategy protocol built on the Harmony Blockchain implementing the famous Defi Kingdoms DEX liquidity pools.
Bonding pools, decentralized treasury management, composable and double-layered single-staking through sRVRS (a derivative of Reverse's native token RVRS), and rebased APYs for liquidity providers are among the game-theory-inspired products introduced by Reverse to ensure the protocol's long-term sustainability.
RVRS & Staking
The token is now live and can be purchased on SushiSwap.
There was no private sale/seed round for RVRS tokens.
Supply Distribution
RVRS has a hard cap of 500,000,000 tokens, of which 8,025,000 RVRS will be pre-minted, distributed as follows,
1,000,000 RVRS: Allocated to the IDO on the Artemis Protocol.
700,000 RVRS: Allocated for initial liquidity. 75% of these liquidity tokens will be sent to a dead address, locking permanent liquidity, while 25% will flow to the Reverseum Treasury.
225,000 RVRS: Allocated for bounties and hours for the founding team based on their work towards launch. A vesting schedule is being worked on.
100,000 RVRS: Allocated to the Reverseum multi-sig Treasury (4 signers). This multi-sig vault will grow in both liquidity and single assets as Reverse's products go live.
(Non-Circulating) 6,000,000 RVRS: Allocated to the Bonding Pools Smart contract addresses to distribute RVRS rewards. As these are non-circulating tokens until distributed, they will not count on Market Cap calculations..
While Reverse is not an exact fork of OHM and should not be considered a "reserve currency" project like OHM, it is based on its mechanics and aims to provide income streams to RVRS holders.
Resources