How It works
The Yield Rate Treasury stores $ETH generated from the protocol’s token sales, which only becomes accessible through the Reverse Staking of $VY. All other fees collected by the Valinity ecosystem (ie. P2P fee of 2%, Transfer Fee of 0.5%, RESTing Burn of 0.98%) are charged to the member in $VY and taken out of circulation. This mechanism leaves more $ETH in the Valinity ecosystem for the remaining $VY, increasing the Yield Rate for the entire Valinity community.
One of the most unique elements created by the team at Valinity Labs is our P2P Marketplace, where members are also able to trade $VY directly with one another. Members looking to buy/sell $VY are able to do so on the open market by either setting a desired price and their quantity or accepting an existing set price. This mechanism allows for a transparent and fair trading experience, completely on audited smart contracts, removing third parties and centralization risks.
Valinity is fully decentralized through the Ethereum Blockchain, created through a series of Audited Smart Contracts. Any future changes to Valinity can only be made through Governance Voting. This authority is earned when you purchase $VY tokens, allowing members the same access and control as the founding team. By holding $VY, you join a community where every participant has a say on what happens next, through decentralized governance, using your $VY to vote.
*The Valinity Labs team did not allocate tokens to founders, developers, or for capital raising. Every Valinity holder bought into the project directly.