The bar is open!
Introducing Longdrink Finance: Your go-to place to get drunk on DeFi
Anti-prohibitionists, unite! Today, Longdrink Finance is opening its doors to the public, offering a seat at the table for everyone willing to sip on the hottest cocktails in town. We’re talking Rum & CAKE, DAIquiri, Pina ColADA — don’t worry, we’ve got a mouthful. So step in and take look.
What is Longdrink Finance? 🍹
The decentralized world is intoxicating: New AMMs, yield farms and protocols are competing for giving you the next shot of adrenaline. But why just take one shot if you can have a delicious, refreshing longdrink, curated with multiple high-quality ingredients to let you get drunk on asset appreciation? That’s where Longdrink Finance comes into play.
Longdrink Finance is creating index tokens (aka longdrinks) on the Binance Smart Chain.
But that’s not all: The visitors of our inn (aka the users) can actively participate in the running of the establishment through buying and staking INNdices, thereby farming $LONG, Longdrink’s official governance token. In the future, $LONG holders can participate in the mixing of new longdrinks, and decide on the ingredients of our cocktails as we grow our tavern (more on that to come in a separate blog post soon).
Why BSC? Because if there’s one chain that developed from a little speakeasy to a behemoth of a bar, it’s this one. Customers and projects alike are flocking to the Binance Ecosystem.
There’s more than one good reason for that, but inexpensive transactions is certainly one of them.
Until now, however, there has been no easy and fast way to diversify across projects on BSC. For that, we are proud to serve you $BEV.
$BEV — by Longdrink Finance 🍺
BSC’s first index token, capturing the value of the entire ecosystem
bev•er•age
A beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, beverages play important roles in human culture.
What is $BEV?
Longdrink Finance’s first product on Binance Smart Chain: The Binance Ecosystem Value Token ($BEV), an index token bringing together the highest quality projects on BSC. Features include:
- Holding tokens across the spectrum of the BSC ecosystem
- No mint/burn fees
- Community governed rebalances
$BEV is targeting an ever-growing pain point: While the BSC ecosystem is growing, there is no easy and cheap solution enabling users to participate in this growth market by means of diversifying into an index of the top projects on BSC. Growing interest also leads to a more dynamic market environment, making it increasingly stressful and difficult for users to allocate their portfolio towards high quality investments.
If anything, this has been seen in the past week, with markets taking a hit, and some projects being affected a lot more than others. By diversifying, these bumps in the road are flattened, as investors have spread their risk across multiple assets through $BEV.
Through covering the most trusted projects on BSC, and building on a strong methodological fundament, Longdrink’s $BEV is finally satisfying users’ thirst to easily gain exposure to BSC.
Who’s in? 🎭
$BEV aims to accurately capture the growth of BSC. For that, it will consist of 10 of the most popular tokens available on Binance Smart Chain. These tokens are BNB, CAKE, BAKE, XVS, BTCST, TWT, EPS, SFP, ALPACA, and NRV.
$BEV is market-cap weighted, and was initialised at $100 with a weight cap of 25% per underlying.
Safety first 💂
$BEV is currently built on the safest, most trusted protocols on Binance Smart Chain. Further protocols & strategies can be chosen by the community. You can join the discussion on Discord.
Governance 🏛
The protocol will be governed by $LONG holders. This is initially done through snapshot, an off-chain voting tool, with a goal of slowly transitioning into compound-esque governance model.
Final Words ⚰️
$BEV is just the beginning.
Longdrink Finance intends to create more community-governed drinks to improve the intoxication of this space.
Order your $BEV at Longdrink Finance now!
Cheers Degens!
Feel free to contact us through our socials (links below).
Links
Twitter: https://twitter.com/LongdrinkDefi
Discord: https://discord.gg/an55rkyDG3
Website: https://longdrink.finance
Email: longdrinkfinance@protonmail.com
Disclaimer
Contributors to Longdrink Finance have made reasonable efforts at ensuring the integrity of the protocol including tests. $LONG is completely valueless and has 0 financial value. Please feel free to reach out to us if this interests you.
