Wand Investments Protocol Launch

Wand Investments aims to provide low risk, medium gain investment options, facilitated via a dual-token model – a token ever increasing in price and a reflection token.

DETAILS

• $SCEPTER is the ever-increasing token; its price will only increase
• $BATON is the reflection token; hold it and receive increasing amounts of USDC rewards every week
• $WAND is the internal token; for protocol’s use as collateral on lending platforms
• $SCEPTER can only be bought from or sold on the WAND dApp
• $SCEPTER is backed by a treasury of digital assets (mostly stablecoins) and the backing price is designed to increase in value when bought, sold, or nobody buys or sells it
• Holders of $SCEPTER benefit from its price appreciation
• $SCEPTER can be swapped 1:1 for $BATON on the WAND dApp
• For each $BATON, a $SCEPTER is burnt; decreasing its circulating supply and increasing the backing price
• Holders of $BATON benefit from $USDC reflections from profits generated from treasury investments
• $USDC rewards can then be compounded into more $BATON
• For each $SCEPTER bought, $WAND is minted, and is used by the protocol as collateral to increase the treasury value by borrowing stablecoins against it and investing
• The protocol invests its treasuries in low to medium risk investments to support the protocol tokens

Whitepaper

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