Bathtub protocol

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Their Official site text:

Introduction
Welcome to the Bathtub!
Bathtub is a protocol designed to provide a sustainable growth environment to its users. The protocol achieves this by incorporating a number of features that ensure long-term value creation for its token holders. One of the key features of Bathtub is its use of Arbitrum's bluechip LPs and payment of real yield to it's users.
Bluechip LP pairs are used to provide liquidity to the protocol and the Arbitrum ecosystem as a whole, with the aim of making it easier for users to trade the Bathtub token and other bluechips. These token pairs are designed to provide a balanced supply of liquidity to the protocol, ensuring that there is always enough liquidity available to facilitate trades.
In addition to this, Bathtub also incorporates deflationary token mechanics into its protocol. Deflationary token mechanics are designed to reduce the supply of tokens over time, thereby increasing BATH's value. This is achieved by the treasury accumulating BATH over time and periodically doing token burns. By reducing the supply of tokens, Bathtub ensures that its token holders benefit from an increase in the value of their tokens over time.
Another key aspect of Bathtub's sustainable growth approach is its focus on accumulating assets that will bring long-term value to its token holders. This approach is designed to provide a more stable and sustainable growth trajectory for the protocol, as compared to other protocols that focus solely on short-term gains. BATH will be backed by the value of it's treasury this will happen with buybacks and token burns.
Bathtub's approach to sustainable growth is not only beneficial to its token holders but also to the wider Arbitrum community as it incentivises the LP farming of the wider ecosystem. By prioritising long-term value creation over short-term gains, Bathtub sets a standard for other protocols to follow.
Why "Bathtub"?
We provide liquidity, bathtubs are full of liquid. Baths are relaxing.
Introduction
Welcome to the Bathtub!
Bathtub is a protocol designed to provide a sustainable growth environment to its users. The protocol achieves this by incorporating a number of features that ensure long-term value creation for its token holders. One of the key features of Bathtub is its use of Arbitrum's bluechip LPs and payment of real yield to it's users.
Bluechip LP pairs are used to provide liquidity to the protocol and the Arbitrum ecosystem as a whole, with the aim of making it easier for users to trade the Bathtub token and other bluechips. These token pairs are designed to provide a balanced supply of liquidity to the protocol, ensuring that there is always enough liquidity available to facilitate trades.
In addition to this, Bathtub also incorporates deflationary token mechanics into its protocol. Deflationary token mechanics are designed to reduce the supply of tokens over time, thereby increasing BATH's value. This is achieved by the treasury accumulating BATH over time and periodically doing token burns. By reducing the supply of tokens, Bathtub ensures that its token holders benefit from an increase in the value of their tokens over time.
Another key aspect of Bathtub's sustainable growth approach is its focus on accumulating assets that will bring long-term value to its token holders. This approach is designed to provide a more stable and sustainable growth trajectory for the protocol, as compared to other protocols that focus solely on short-term gains. BATH will be backed by the value of it's treasury this will happen with buybacks and token burns.
Bathtub's approach to sustainable growth is not only beneficial to its token holders but also to the wider Arbitrum community as it incentivises the LP farming of the wider ecosystem. By prioritising long-term value creation over short-term gains, Bathtub sets a standard for other protocols to follow.
Why "Bathtub"?
We provide liquidity, bathtubs are full of liquid. Baths are relaxing.

FAQ

What is Real Yield?

Real Yield refers to the additional income generated by the DAO treasury through strategic investments in various DeFi platforms. This revenue is distributed to BATH stakers as an incentive to continue providing liquidity to the BATH ecosystem and actively holding the token.

What is the DAO?

The DAO (Decentralized Autonomous Organization) is the governing body of the Bathtub ecosystem, responsible for managing deposit fees from LP farms and investing in profitable yield-generating platforms. BATH holders and stakers have the power to vote on investment decisions, ensuring that the ecosystem continues to grow in a sustainable manner.

When is the presale and how to participate?

The presale is happening on the 25th of May and will last for 24h. The first 2h are exclusive for whitelisted supporter. After that the sale will be opened to the public.

To be whitelisted please check: ​

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Real Yield

How is Real Yield generated?

Real Yield is generated by the DAO treasury through strategic investments in various DeFi platforms. The deposit fees collected from LP farms within the Bathtub ecosystem are used to create a consistent revenue stream.

Who receives Real Yield?

Real Yield is distributed to BATH stakers as an additional source of income, incentivizing them to continue providing liquidity to the BATH ecosystem and supporting Bathtub.

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DAO

How can I participate in the DAO?

BATH holders and stakers can participate in the DAO by voting on investment decisions, ensuring that the Bathtub ecosystem continues to grow sustainably. By holding or staking BATH tokens, you gain the power to vote on which farms the DAO treasury should invest in to maximize revenue generation.

How does the DAO treasury manage revenue?

The DAO treasury strategically invests deposit fees collected from LP farms in various DeFi platforms, generating yield and creating a consistent revenue stream for the ecosystem. The revenue generated is then used to provide Real Yield to BATH stakers.

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Other stuff

Audit

The team has requested multiple quotes and is looking at all the options for competent and trustworthy partners. If you have a audit company that you'd like us to look at please suggest in Discord. 

We aim to have an audit going before presale starts.

Don't worry, we won't pick Certik.

Team

We're a small anonymous team of creators, devs and DeFi enthusiasts. Over the years we've lurked and invested in countless DeFi projects and now we felt was time to join the builders with our own project. Our devs are solid and have had experience building for other projects in the space. 

Although we're anonymous, we're very active on Twitter and Discord, so you might have seen us around. 

 

​Tokenomics

BATH tokenomics

Max Supply 100,000,000 

Supply

Use

Terms

72,500,000

72.5%

Emissions

10,000,000

10%

Presale

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10,000,000

10%

Team

100% burnt at TGE

2,500,000

2.5%

Starting LP

5,000,000

5%

Marketing & Airdrops

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Note: This table assumes presale hard cap is hit. If not, tokens from the LP will be moved to emissions to honour initial price and the table will be updated.

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BATH token tax & Burn

BATH has a transaction tax of 1%

0.5% instantly burn

0.5% protocol development fund

Presale

Everyone in Discord with the SOAPY LIST role will have priority on the presale.

The presale will happen on the 25nd of May, will be hosted on our website () and will last 24h. 

Launch on the 1st June.

No vesting for presale, you can claim your tokens soon after the presale is done.

All whitelisted presale participants also qualify for an airdrop.

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Goal

Hard cap: 100 ETH

Soft cap: 20 ETH

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Alloc

Max supply: 100,000,000 BATH

Presale tokens: 10,000,000 BATH (10%)

Max contribution per address: 2 ETH

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Presale numbers 

Price: 100E / 10M BATH = 0.00001E/BATH 

FDV: 1,000E (~$1.8M)

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Launch numbers

Launch price will be the same as presale price.

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Other details

Where?  

Min/Max per wallet: 0.01E/2E 

Network: Arbitrum One 

Currency: ETH

​Mechanics

How Bathtub works

The Bathtub mechanics are simple to understand and transparent.

As you can see in the diagram above you'll be able to stake multiple LPs for some of the top bluechip projects on Arbitrum. 

This farm will pay you in BATH that can then be staked to receive real yield paid in ARB. This real yeild comes from a 4% cut on all farms, that is then partly invested in moderate risk investment and farming strategies.

​Farm LPs

Stake bluechip LPs to receive BATH

The farm contract facilitates the staking of blue chip DeFi LP tokens, which represent the liquidity provided to various decentralized exchanges (DEXs) by the user. Blue chip DeFi projects refer to well-established and reputable projects in the DeFi space that are considered to be relatively stable and secure investments. By staking their LP tokens in the Steam Room contract, users can earn BATH tokens, the native token of the Bathtub ecosystem.

Staking Process: To participate in the farm contract, users need to follow these steps:

Obtain LP tokens: Users must first provide liquidity to a blue chip DeFi project's pool on a decentralized exchange, such as Uniswap or Camelot. In return, they will receive LP tokens representing their share of the pool.

Stake LP tokens: Next, users need to connect their wallets to Bathtub and navigate to the farm page and stake their LP tokens in the corresponding farm. Once the tokens are staked, the user will begin to accrue BATH rewards proportional to their staked amount and the duration of the stake.

Claim BATH rewards: Users can claim their BATH rewards at any time by visiting the farm page and clicking on the "Claim Rewards" button. The BATH tokens will be transferred to their connected wallet. Users can also withdraw or deposit more at any time.

Deposit Fee

A 4% deposit fee is applied to all LP tokens staked in the farm contract. This fee is sent to the DAO treasury and to a maintenance wallet; 

The DAO treasury uses the funds to farm yield-bearing assets in various DeFi platforms. The generated yield serves as a real income source for the Bathtub ecosystem, ensuring its sustainability and growth.

The maintenance wallet will provide the project with funds for admin salaries, research, development and advertising, and for future expenses such as audits.

Stake BATH

Stake BATH to receive real yield

Overview

BATH is a native utility token that you will receive from the farming contract. By staking your BATH tokens, you will earn a real yield in the form of ARB.

Staking BATH Tokens

Staking BATH tokens allows you to earn rewards in the form of ARB. Follow the steps below to stake your tokens:

Connect your wallet: Navigate to the Bathtub's dapp and connect your Ethereum-compatible wallet (e.g., MetaMask, Trust Wallet, etc.).

Deposit BATH tokens: Once your wallet is connected, deposit the desired amount of BATH tokens into the staking contract.

Stake BATH tokens: Confirm the staking transaction and wait for it to be processed by the Arbitrum network.

Track your rewards: Keep track of your staking rewards in real-time on the dapp's dashboard.

Unstaking BATH Tokens

You can unstake your BATH tokens at any point in time, following these steps:

Navigate to the platform: Access the BATH Token Farming platform and ensure your Ethereum-compatible wallet is connected.

Initiate the unstaking process: Select the amount of BATH tokens you wish to unstake and initiate the unstaking transaction.

Confirm the transaction: Confirm the unstaking transaction and wait for it to be processed by the Arbitrum network.

Withdraw your rewards: After successfully unstaking your tokens, withdraw your earned ARB rewards from the platform.

Rewards

By staking BATH tokens, you will receive real yield in the form of ARB. The yield percentage may vary depending on the overall platform performance, BATH token value, and other market factors. There are no fees applied when staking/unstaking BATH.

DAO

In the world of decentralised finance, governance is a key issue. To ensure that Bathtub remains a truly decentralised protocol, the project is governed by a DAO. The DAO will have the power to make important decisions about the protocol's future, including which new farms are added or removed from Bathtub.

In addition to its role in deciding which new farms to add to the platform, the DAO will also be able to vote on new implementations for the protocol. This means that the community will have a say in how the protocol evolves over time.

The DAO will also be responsible for deciding how treasury funds should be used. This is an important role, as the funds in the treasury are used to support the growth and development of the protocol. By giving the community a say in how these funds are used, Bathtub ensures that it remains true to its decentralised mission.

One of the unique features of Bathtub's governance model is that users will be able to vote with their BATH tokens, even if they are being farmed in the project's contracts. This means that every token holder has a say in the protocol's future, regardless of how they are using their tokens.

Overall, the DAO plays a crucial role in Bathtub's governance model. By giving the community a voice in how the protocol is run, Bathtub ensures that it remains true to its decentralised roots and continues to provide value to its users over the long term.​

​DAO's Treasury

DAO Treasury: Managing Deposit Fees from LP Farms

Deposit fees collected from LP farms within the Bathtub ecosystem are directed to the DAO treasury. These fees are then strategically invested in various DeFi platforms to generate yield, creating a consistent revenue stream for the ecosystem.

BATH Holders and Stakers: Voting on Revenue Investment

BATH holders and stakers play a crucial role in the governance of the Bathtub ecosystem. They have the ability to vote on which farms the DAO treasury should invest in to maximize revenue generation. This democratic approach ensures that decisions about the ecosystem's growth are made collectively, increasing the likelihood of making profitable and sustainable choices.

Revenue Distribution: Real Yield for BATH Stakers

The revenue generated by the DAO treasury through strategic investments is used to provide BATH stakers with Real Yield. This approach benefits BATH stakers by offering them an additional source of income, incentivizing them to continue providing liquidity to the BATH pool and actively participate in the Bathtub ecosystem.

​Roadmap

Bathtub protocol will have 3 stages, with each stage design to fill our proverbial Bathtub with liquidity, which be used to provide Real Yield Value to our users.

Stage 1: Genesis will be used to provide a base of liquidity for the platform and emit the first portion of Bathtub tokens which will used in Stage 2.

Stage 2: BATH Emissions will be used to accumulate defi bluechips which will be used to provision Bathtub with Real Yield assets.

Stage 3: Emissions end. In addition to rewarding users with the Real Yield generated by our treasury, Bathtub will seek to utilize it's development fund to create an auto-compounder and other utilities, the revenue of which will be used to further reward participants. We will also seek to create DEX partnerships, so that our BATH LP can be staked on external platforms to be rewarded with their tokens.

Further down the line

Firebird API for swaps within the app (more revenue for the protocol)

Participate on veDEXes with BATH LPs in order to create another revenue stream for Bathtub

Launching of DAO NFT for DAO participation and branding