Flywheel Strategy
Last updated
Last updated
The fBOMB Flywheel represents a strategic initiative by the MCLB DAO to propel the growth and adoption of fBOMB, a deflationary hyper cross-chain DeFi product. By leveraging its burning mechanism and strong position in every Solidly fork, fBOMB has emerged as a cornerstone in the evolving DeFi landscape.
MCLB and fBOMB have strategically participated in numerous private or seed sale rounds, positioning fBOMB to wield significant governance power in next-generation DeFi products. This substantial voting power translates into lucrative opportunities for fBOMB LPs, often resulting in some of the highest APRs on DEXs.
The abundance of voting power held by fBOMB LPs serves as a powerful incentive for users to acquire fBOMB tokens and participate in liquidity provision. By creating LP positions to farm the native tokens of DEXs, users unlock real yields in the DeFi space. This synergy between fBOMB's governance power and user incentives drives user engagement, fosters liquidity, and contributes to the overall growth the ecosystem.
LP fBOMB through Protocol Owned Liquidity (POL)
Farm ve(3,3) DEX tokens
Bribe and Vote for fBOMB pools to direct emissions
Additionally, the MCLB DAO benefits directly from fBOMB POL provision and market making, leveraging high returns on bribes and swap fees from various DEXs, thereby creating another revenue stream for the treasury.
MCLB DAO is biggest locker of (1,77%) worth $15.9M as of 30 March 2024.
MCLB DAO Third largest locker of (1,91%) worth $5.6M as of 30 March 2024.
Lock DEX tokens to grow veNFTs
