The ENCTR Treasury is a core function of the protocol. It represents all of the assets that are owned. These assets provide the backing of the token and allow staking rewards to be minted as well as Play-To-Earn rewards distributed.
The type of assets that the treasury owns are:
- 1.Stablecoins such as DAI, USDC, USDT
- 2.Liquidity Pool Tokens
ENCTR owns its own liquidity. This is a core function of the protocol. The reason we do this is so that we can bootstrap the entire process ourselves without relying on other methods.
Without having to rely on other methods or external liquidity providers, ENCTR can make sure there is a liquid market and earn trading fees as a revenue stream for the protocol itself.
Last modified 10mo ago