Dracula Protocol-DRC-FAQ
Vlad the Impaler
Basic information:
Launch Announcement:
https://medium.com/@DraculaProtocol/the-dracula-protocol-919a80fcb09
Address contract : 0xb78b3320493a4efaa1028130c5ba26f0b6085ef8
Dracula Protocol official website :
Github for contracts:
https://github.com/Dracula-Protocol/
Telegram:
Uniswap DRC/ETH:
https://uniswap.info/pair/0x276E62C70e0B540262491199Bc1206087f523AF6
Twitter:
https://twitter.com/DraculaProtocol
Victims: https://dracula.sucks/victims
Charts : https://www.dextools.io/app/uniswap/pair-explorer/0x276E62C70e0B540262491199Bc1206087f523AF6
🧛♂️FAQ:
Why price dropped from 300$ to less than 1$?
It was initial pre-launch stage with no minting and only 35 DRC in supply.
What about Impermanent loss?
Users don't suffer from impermanent loss when stacking on any of Dracula pools besides DRC/ETH.
What is the total supply for token and it's inflation?
Supply is unlimited so far. Token has both inflation and deflation.
More about inflation:
https://medium.com/@DraculaProtocol/dracula-protocol-minting-detailed-d821314fa425
What is drain button for and how the drain works?
Here is a nice explanation with example of Sushi ETH-USDC LP token by @Summer1ce:
How Drain works:
1. You stake ETH-USDC in SushiSwap TAB
2. Your tokens farm both rewards - in SushiSwap and in Dracula Protocol, but you only get rewards from Dracula Protocol when you press "Harvest"
3. When you press "Drain" - Dracula Protocol harvest your rewards in SushiSwap, than swap them for DRC (from market, on uniswap) and than burns those DRC tokens
4. From "Drain" you support DRC price and burn a little bit of supply and help ecosystem. But don't press Drain too often, because you pay gas fees.
More info regarding arbitrage/frontrun on drain function https://t.me/DraculaProtocol/6506
What are those 2 drain numbers for?
The first number is the amount of reward token in $ that is associated with a target pool that is ready to be drained, the second number - associated with the number of reward tokens on MasterVampire itself. And the second number is the same for every pool with the same reward token.
Rebalance weight for pools formulas used:
APY used - victim pool APY.
TVL_victim_pool * APY^0.5
TVL_victim_pool * APY^0.65
TVL_our_pool^0.3 * TVL_victim_pool^0.7 * APY^0.65
TVL_our_pool^0.6 * TVL_victim_pool^0.4 * APY^0.85
TVL_our_pool^0.65 * TVL_victim_pool^0.35 * APY^0.75
TVL_our_pool^0.65 * TVL_victim_pool^0.35 * APY^0.85
Timelock:
Contracts are protected with timelock with 24 hours delay on any action. We made some deviations from default timelock, to ensure that user funds are 100% safe and to be able to reach them even in case of emergency. Transfer ownership transaction.
https://etherscan.io/tx/0x3cfd71bb8790868af0a850f078dddf2ea5af977eea59e2099d394fc36ade9e96#eventlog
More info about Timelock https://t.me/DraculaProtocol/668