Hortense McDuck wants to tell you a little story about Uncle $crooge…
“Money is not everything in life, but make sure you earn sufficient before thinking such nonsense.”
HUEY, LOUIE AND DEWEY NEED YOUR HELP
A couple of weeks ago our dearest Uncle $CROOGE contacted us as he wanted to make sure his wealth was protected from the turmoil that was currently happening in the markets.
We, Huey, Louie and Dewey, the grand-nephews of our dearest Uncle $CROOGE, thought long and hard about what the best approach would be, and have decided to bring him to the DeFi World.
The idea is to move our Uncle’s immense wealth from the rigid financial structures and traditional mindsets of the current financial systems and pour it into a decentralized community-ran project.
Our dearest uncle, though old is very wise and understands that the success of his project depends solely on the shared strength of the individuals who make up a collective and has thus decided to share his wealth with the community.
Because alone, we can do so little; but together, we can do so much.
UNCLE $CROOGE’S THOUGHTS on CENTRALIZATION and TRADITIONAL MARKETS
“… now kids, as you now through the ages, centralization was the core foundation of our system. Whether it was political, educational or financial it was always designed in a way that does not distribute wealth equally to its partakers. In my times, these structures played a vital role, they served its purpose. But, over time, these systems have to evolve to ensure cultural prosperity.
Through the ever evolving media channels, you might have seen news of parabolic growth. Starting with, the third quarter growing at an annualized rate of 40%, the FED growing its portfolio by $2.7 trillion, the S&P reaching record heights. Though this is all inspiring it might not last long. Innovation, though persistent, grapples with bureaucracy and the systemic need for centralization.
Through my years of research, and with the help of Huey, Louie and Dewey I have discovered Cryptocurrency. It caught my attention because at its core it looks at redefining wealth and ways of acquiring it. Something that might solve our beforementioned problem. Though the foundation on which is built on clashes with traditional processes, I believe it is something that needs to be looked at.
To accelerate its deployment and become one of the pioneers I decided to transfer all of my wealth into and create the $CROOGE coin…”
$CROOGE AND THE TECHNOLOGY BEHIND IT
“… now kids, as you know, I’m not one to cheap out on innovation. Following the footsteps of TSLA, GME, AMC, PLTR when deciding on how to develop my $CROOGE token I hired top advisors (think of someone like Dr. Parik Patel, BA, CFA, ACCA Esq but with an MBA on top).Finally after months of analyzing the different blockchains we chose the famous ETH network.
It’s secure, its well-established and it truly allows us to stay decentralized unlike some other shitty networks. My top-priority was to ensure that $CROOGE is free to evolve with the needs of the market.
Therefore to demonstrate my faith and trust in $CROOGE my team and I decided to send 35% of the total supply to a dedicated burn address.
This example as well as other beforementioned aspects are what makes ETH the perfect foundation for our unique product the uncle $CROOGE YIELDGENERATING VAULT”
$CROOGE YIELDGENERATION AND THE VAULT
“… now kids, you are probably asking yourself what is this vault I’m building on top of my $CROOGE token. To put it simply the vault is the outcome of advanced and more complex farming strategies, mainly differing from the broader market by its advanced algorithm that doesn’t utilize all of the funds to generate alpha. By not utilizing all of the funds, and having some sitting idly we reduce the risk of higher gas fees. A good example of that would be not having enough liquidity to facilitate for withdrawals. Having advanced computational sentiment backed algorithms allows us to operate more efficiently than the broader market and still generate alpha and attractive APYs. The best part is that the $CROOGE community itself will choose the profit strategy.
Vault functionality goes beyond putting coins into a protocol. The majority of vault strategies execute multiple actions for reaping profits. They involve:
•Supplying collateral
•Borrowing other assets
•Providing liquidity
•Collecting trading fees
•Farming other tokens and selling them
So all you kids need to do is — grab your good old $CROOGE token, deposit them into the protocol or as we like to call it “vault”, and the vault will start leveraging it to boost returns.”
Thank you for listening! Please give Uncle $crooge a clap!
