Utility
Here’s a breakdown of the DiscoCats NFT Utility:
Yield-Bearing NFTs: Every DiscoCat is backed by Liquidity-Staking Tokens (LSTs), earning you yield simply by holding, staking, or trading.
Multiple Sources of Yield:
Yield from the underlying LST.
Lending to partnered protocols for additional returns.
Proof of Liquidity (POL) yield earned from validators in BGT ( Dual-bribes ).
Partner protocol bribes—extra incentives just for staking.
Additional rewards from DiscoCats.
Governance & Voting Power: Staking your DiscoCats gives you voting power, enabling you to shape the project’s direction by voting on integrations and fund allocations.
Unruggable Design: Your DiscoCats are always redeemable against their backing assets.
Partner Protocol Incentives: Holders are eligible for bribes and rewards from partnered protocols, adding another layer of value to their investment.
Exclusive Benefits for Early Adopters: Holders from Chapter 1 get direct access to Chapter 2 mint and enjoy additional benefits as the project evolves.
Cross-Chain & Expansion Potential: Future expansion includes NFT vaults and cross-chain capabilities, offering new opportunities for growth and flexibility.
These features together make DiscoCats an NFT project that offers more than just collectibles.
Last updated