An Intro to The Castle
Fortis Oeconomia is one of if not the most interesting project I’ve invested in. It has been the best play I’ve ever done.. It’s also one of the most complex projects I’ve ever invested in. I’m going to attempt to explain the basics of how it works.
There is 4 separate tokens that are part of the Fortis ecosystem.
$FOT — The base token of the whole project
$bFOT — Burned $FOT. You can burn 1 $FOT and get 10 $bFOT.
$gFOT — Grand FOT. You can burn the $bFOT as well and change it into $gFOT. 10,000 $bFOT = 1 $gFOT
$sFOT — Stable FOT. This is their version of a stablecoin. 1 $sFOT = 1 $USD.
Epoch Time — 00:00 UTC & when rewards come out
It’s built on the Juno Network & the team has an airdrop for anyone who staked 0.1 $JUNO during the Moneta network upgrade on Dec 15th. You get 11.1 $FOT per week for a total of 20 weeks. There is also another function a votedrop where you get 1 $FOT if you voted on any governance proposals (incl future ones) You can access both from https://www.fortisoeconomia.space/airdrop/
So onto the project itself now. There is currently 3 different Modules. The Burn Module, the Grand Module & the Stable Module.
The first Module is the Burn Module and it is probably the most easy to understand any of them. This is where you go to burn you $FOT into $bFOT. 1 $FOT = 10 $bFOT.
The second module is the Grand Module. This is where you turn $bFOT into $gFOT and can stake it. This is where the rewards start. You can stake your $gFOT and share the daily epoch reward with everyone else staking $gFOT. There is 30000 $FOT emitted per day for this module. It also shows you the APR & DPR percent to give you an idea of how much you’d be earning. This started around 5000 percent when I joined and has slowly gone down as more people enter.
The third and final module is the most complicated one of all. The Stable Module. In this module you can mint $sFOT (pegged to a dollar) with your $gFOT. You can also use $sFOT to buy discounted $gFOT in the clearance sale. I don’t understand the clearance part of stable module enough to write about it and haven’t used it yet
You can also go to the Stable Pools and Swaps section which is basically it’s own module. There is a few things you can do here. First is you can swap your $sFOT for $UST, $bFOT & $gFOT in different pools. (Also can swap the other way) The other thing you can do here is provide liquidity to these pools and stake it. Once you stake it there is a 14 day unstaking period where you don’t earn any rewards. Each pool emits 10,000 $FOT per day for a total of 30,000 between all pools. There is also a dungeon coming soon which will offer even more pools.
My journey with this project has gone like this. Buy $bFOT on Junoswap (before airdrops were released) and burn it to $gFOT and stake it. I did this for a few days before any of the liquidity pools were available. As they became available I split my daily rewards into those pools instead of restaking $gFOT. I now have LP staked for the 3 different pools and $gFOT along with some liquidity on JunoSwap (which will offer future retroactive rewards)
The epoch time is midnight UTC and that’s when rewards come out. My daily formula has been
Collect all rewards and burn them for $bFOT. Sell halfish of the $bFOT for either $UST, $JUNO or $ATOM and compound the other half of it back into my holdings. The first few days I compounded a higher % of rewards due to price being lower. I have basically been making my 1–3x initial investment back in total daily rewards.
There is a lot happening with this project in the next few months & I’m excited to be in on it early. Going to continue the same mindset doing 50/50 daily unless price crashes and then I’ll take less profits and reinvest more of it.
