The Issue

A novel concept has appeared, it's called node tokens which allows you to lock forever a number of tokens in exchange for perpetual yield generated every day. This delivered quite some hype which showed us that the idea had potential.

Unfortunately, this concept started with Ring Financial, a team of amateurs who developed low-quality and flawed contracts that every other competitor took from. Aside from managerial issues, they first got hacked, then other issues surfaced such as excessive selling related to fees, gas issues, and so on.

We then discovered Louverture which introduced additional features such as compounding tiers and levels as well as the ability to set a low amount required to create a node.

Unfortunately, Louverture team was not any better than Ring as they reused the same code and have a similar level of skills (update from the LVT team here) and because of this, the Avalanche community as well as people of our team have been soft rugged once again. The amateurism we witnessed in this category of tokens made many lose money and was just too much that we had to change this for the better.

To solve this, we built on the solution created by Universe.