MarbleDAO Introduction and Tokenomics - By MarbleDAO Team

The MarbleDAO team covers their project a community-driven project bringing DeFi/utility around an NFT platform in Cosmos on Juno.

MarbleDAO Introduction and Tokenomics - By MarbleDAO Team

Disclaimer - This is part of our outside perspective series. Curious Cosmonaut Research is not the author we are simply highlighting some good threads and perspectives on the Cosmos ecosystem with their permission. We also, therefore, do not guarantee their accuracy.


Author:  MarbleDAO Team

Source: Blog

Introducing MarbleDAO

Date: March 24, 2022

“The marble not yet carved can hold the form of every thought the greatest artist has.”

Michelangelo

One of the many benefits of decentralized finance (DeFi) is the introduction of DAO
innovation. The first official imprints of the innovation were laid in 2016 with the creation of "The DAO,’' a decentralized organization built on Ethereum.

In subsequent years, the term DAO— Decentralized Autonomous Organization has become a buzzword, quickly gaining recognition because of the possibility of eliminating centralized systems. That possibility has become a reality following the widespread adoption of smart contracts across many blockchain networks, including JUNO.

Today, Juno— an interoperable smart contract network, hosts over 2000 DAOs, including MarbleDAO.

What is MarbleDAO?

MarbleDAO is a community-driven project running on the Juno network, an IBC-enabled blockchain network within the Cosmos ecosystem.

MarbleDAO combines the smart contract features on Juno and the privacy-based
characteristics on Secret Network to build several decentralized applications powered by Inter Blockchain Communication (IBC). The aim is to set up a privacy-enabled DeFi ecosystem that allows users to vote, stake, earn, lend and trade NFTs safely.

MarbleDAO leverages Juno— a sovereign public blockchain that features an enabling environment to deploy interoperable smart contracts and DApps. In addition, Juno is host to a decentralized, permissionless, and censorship-resistant structure that allows developers to bootstrap smart contracts using proven frameworks and various languages, particularly Rust & Go— which MarbleDAO will incorporate.

Features of MarbleDAO

Quality DeFi and NFT Experience:

MarbleDAO aims to capitalize on helpful and custom-made tools created by developers
within the Juno ecosystem to create the best experience for DeFi users in terms of security,
access and profitability as they swap and interact with liquidity and staking pools.

MarbleDAO is also jumping on the fast-growing NFT trend to provide art enthusiasts with a
secure way of collecting art and other valuable items while establishing their ownership on
the blockchain.

Community-driven:

Acknowledging the core pillar of DeFi— decentralization, MarbleDAO is entirely

community-driven, allowing users to partake in decisions that affect the DAO through
$MARBLE staking. MarbleDAO has shown its commitment to being community-driven in the
fair distribution of $MARBLE— the DAO’s native and governance token to the Cosmos
community.

Democratized Financial Access

MarbleDAO is democratizing access to finance for the average person. Centralized finance is filled with many divides that shut out the average user. However, MarbleDAO is eliminating the age-long barriers in CeFi to provide users with unrestricted access to the financial world while vesting them with control over their funds.

Decentralized Voting and Governance

MarbleDAO integrates the whole DeFi structure, vesting users with rights to determine how
funds should be utilized through voting. Users will also create proposals to determine how
the DAO, including treasury funds, should be efficiently managed. MarbleDAO will issue
rewards to community members who join to decide the future of Marble through voting. The
more you stake, the higher your voting power.

Conclusion

The DeFi landscape has been seeing a flurry of exciting innovations lately. MarbleDAO is
carving a niche for itself within the Cosmos ecosystem, leveraging high-end tooling to
innovate and build interoperable decentralized applications (DApps). These applications will operate to serve the ever-growing financial needs of DeFi enthusiasts while encouraging
adoption by mainstreamers.

Tokenomics and Utility: What You Need to Know About $BLOCK

Date: March 30, 2022

The Marble ecosystem is growing faster than anticipated. Like most ecosystems, we have developed a token infrastructure to keep the wheels of Marble running without fail. Truly, every and any sculpture starts with a block. Thus, the $BLOCK token will remain at the core of Marble, literally serving as the building block for the DEX and other product offerings.

$BLOCK is primarily the native token of the Marble DEX— an AMM exchange— powering
activities such as swapping, staking, liquidity pools, rewards for liquidity providers, and NFT
trading. The role of $BLOCK in Marble is equivalent to that of $MARBLE within the Marble
DAO.

The Role of $BLOCK

$Block is designed for various use cases relevant to the Marble DEX and the entire Juno
ecosystem. Common use cases of $BLOCK include;

Staking Rewards

$BLOCK is the community’s access pass to the Marble DEX, running on the Juno network. Staking is considered a primary activity in DeFi. Thus, $BLOCK will enable the community’s participation in DeFi through staking. Also, $BLOCK incentives will accrue to $MARBLE stakers, incentivizing them to hold and activating a passive income stream. Staking incentives will be distributed as provided in the updated marble paper.

Staking Reward Schedule

The max supply of the $BLOCK token— 500 million is minted at genesis. However, a vesting
schedule has been developed for staking rewards, spanning five years— each year with
different amounts.

30% (150,000,000) of $BLOCK total supply (500,000,000) is dedicated to DAO stakers.

Check Schedule below;

$BLOCK Rewards Distribution Schedule

● Liquidity Pools

The seamless operation of the Marble AMM DEX is dependent on the availability of liquidity.
In other words, liquidity is important to Marble DEX as governance is for the DAO. $BLOCK
will encourage participation in LPs for community members while also giving access to a
wide range of incentives. For example, on the BLOCK–JUNO LP, $BLOCK rewards will be
available for LPers. $BLOCK LPers outside Marble DEX will also earn rewards.

30% of $BLOCK total supply will accrue to LPers as APR rewards, with a distribution
timeline of five years. See distribution schedule below;

LP Rewards Distribution Schedule

● NFT Holders

NFTs are significant to the Marble ecosystem, hence the Marble NFTs. An incentivization
model is woven around Marble NFTs to encourage holding. $BLOCK rewards will be
airdropped to NFT holders as incentives. In addition, $BLOCK will be the native token for the
Marble NFTs market. With Marble NFTs, digital preservation will link to physical art, ensuring
on-chain verification of ownership.

$BLOCK Tokenomics

The use cases of $BLOCK are not restricted to those mentioned earlier. $BLOCK will enjoy
other utilities as the Marble ecosystem grows. Plans are in motion to deploy $BLOCK
outside Marble to other chains, thereby creating more demand and market. We are building
the Marble ecosystem, block after block.

About MarbleDAO

MarbleDAO is a community-driven and decentralized organization that enables voting, staking, lending, and NFT trading for the entire DeFi ecosystem. It is built on Juno, a public and permissionless smart contract network that supports cross-chain interoperability for DApps. We aim to develop and carve the next-generation interoperable financial applications using custom-made tooling like Cosmos SDK.

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