Monthly Recap #4
Cashmere Labs Makes Progress with Second Place
Cashmere Labs keeps making significant strides in innovation. Recently, we came in second place in the BNB European Innovation Program, solidifying our position as a pioneer in the industry.
Goat Ratio Emission Formula
In addition to this accomplishment, a unique emission formula called Goat Ratio is released, which bases inflation on mathematical principles and makes token emission transparently predictable. Goat Ratio is a significant advancement in the field and sets a new standard for transparency in token issuance.
Bug fixes
But it is not the time to stop. We have also made several critical updates, including bug fixes in the closed-alpha version, and redesigned the pool architecture to make it 100% permissionless and guarantee finality.
On-chain Signature Logic
To further enhance security and decentralization, Cashmere Labs has integrated an on-chain signature into its aggregator mechanism. It ensures that transactions are secure and can’t be tampered with.
Fee Distribution
Finally, we have changed the fee distribution system to make it fairer.
Under the new rules, 70% of fees will be distributed to LP providers, and 30% will be distributed to veCSM holders.
Summary
These updates demonstrate our endeavor to improve the technology and deliver value to the community constantly. The success at the BNB European Innovation Program and the visionary emission formula are the latest examples of our dedication to pushing the boundaries of what’s possible in the blockchain world. Keep an eye on us!
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