The OATH Foundation has struck gold (AU) on Mantle!
Now’s your chance to participate in the founding of the first OATH Chapter,
@AureliusFi.
This is huge for
$OATH holders and can potentially deliver tremendous value.
Here are the 3 most important details of the proposal and what they mean for you:
1. The Mission: The Aurelius chapter will use Ethos v2 tech to mint a new stablecoin, AUSD, and use the underlying collateral to bootstrap an integrated lending market on Mantle.
Why it matters: Through Aurelius, the OATH Ecosystem can gain exposure to Mantle’s potential growth without burdening the OATH token with additional incentive pressure.
Aurelius is positioned for success. The team has already secured a 200,000 MNT grant from the Mantle network and a key partnership with the Cleopatra DEX, as well as significant interest from the broader DeFi community.
2. The Revenue: Aurelius will generate revenue through mint fees, borrow fees, and exercised xAU option tokens.
Why it matters: 10% of the AU supply is earmarked for distribution to bOATH stakers. This AU can be bonded to earn 100% of the platform fees. Additionally, a portion of xAU fees will be directed to the OATH Foundation to fund development and operations.
3. The Research: This is the first implementation of an OATH Chapter, and its success will be an important example for future chapters.
Why it matters: This proposal is a trial run for both our DAO governance and our Chapter system. OATH holders must exercise their right to govern the development of this new Chapter via the governance forum. By sharing your thoughts and opinions on Aurelius, you’ll help shape the destiny of the OATH ecosystem!
Be sure to follow us for more OATH Foundation updates!
To participate and for more details, visit
forum.oath.eco/t/ogp-draft-o…