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ACE Finance is a suite of products in Decentralized Finance (DeFi) that provides lending
aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol
is maintained by various independent developers and is governed by $ACE holders.
You can find brief descriptions of ACE Finance's core products, the governance process,
and links to active communication channels below.
What is DEFI ?
DeFi is short for “decentralized finance,” an umbrella term for a variety of
financial applications in cryptocurrency or blockchain geared toward
disrupting financial intermediaries.
When you pay with a credit card for coffee at a cafe, a financial institution sits
between you and the business, with control over the transaction, retaining the
authority to stop or pause it and record it in its private ledger. With bitcoin, those
institutions are cut out of the picture.
The goal of DeFi is to reconstruct the banking system for the whole world in this
open, permissionless way,” says Alex Pack, managing partner at Dragonfly
Capital, a $100 million crypto fund. “You only get that shot every 50 years.”
Ethereum applications
Ethereum’s platform for smart contracts – which automatically execute
transactions if certain conditions are met – offers much more flexibility.
Ethereum programming languages, such as Solidity, are specifically designed for
creating and deploying such smart contracts.
Giving more importance to Stability for the project and Price For the Token is our
main priority !! we are focusing on more staking system than trading.
Our APY is well structured and offers best profits for the loyal holders and
members. That’s why our tokenomics are focused on the staking rewards more.
That's the reason we have locking more staking rewards than the circulation of
tokens in the market.
Ace Finance focused to give stability for the holders for the years to come and
helping to get financial freedom.
APY
Tokenomics
Uniswap : 5000
Airdrop : 200
Development :1200
Team : 500
Emergency : 400
TOTAL : 14300
Road MAP
Core Products
Vaults
Capital pools that automatically generate yield based on opportunities present in the
market. Vaults benefit users by socializing gas costs, automating the yield generation
and rebalancing process, and automatically shifting capital as opportunities arise. End
users also do not need to have a proficient knowledge of the underlying protocols
involved or DeFi, thus the Vaults represent a passive-investing strategy.
Earn
The first ACE Finance product was a lending aggregator. Funds are shifted between
dYdX, AAVE, and Compound automatically as interest rates change between these
protocols. Users can deposit to these lending aggregator smart contracts via the Earn
page. This product completely optimizes the interest accrual process for end-users to
ensure they are obtaining the highest interest rates at all times among the platforms
specified above.
Governance
The ACE Finance ecosystem is controlled by $ACE token holders who submit and vote
on proposals that govern the ecosystem. Proposals that meet quorum requirements
(>20% of the tokens staked in the governance contract) and generate a majority support
(>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes
must be signed by 6 out of the 9 wallet signers in order to be implemented. The
members of the multi-signature wallet were voted in by $ACE holders and are subject to
change from future governance votes
$ACE holders govern the $ACE ecosystem and are eligble to receive a portion of
protocol profits. Therefore, $ACE represents a right to govern the platform and a claim
on its earnings. Profits are obtained from each of $ACE's products through a governed
fee structure.
In order to claim profits, $ACE holders stake their tokens into the Governance contract.
Profits are periodically sent to this contract from the $ACE Treasury Vault, which
temporarily holds profits before distribution to stakeholders. Profits are sent to the
Governance contract after the Treasury Vault has accrued a $500,000 reserve; this
reserve is used to pay for various operational expenses, including developer
compensation and community grants. The amount retained in the Treasury contract
before profits are sent to the Governance contract are subject to change by $ACE
holdersIn order to vote on a proposal, $ACE holders must be staked in the governance
contract. Currently, users of the $ACE Vault (i.e. yACE holders) are also eligible to vote.
To lessen the burden of fees on smaller holders, $ACE governance decided to migrate
to off-chain voting hosted by Snapshot. Snapshot is an off-chain gasless
multi-governance client with easy to verify and hard to contest results. It makes creating
and voting on proposals free with similar benefits to on chain voting. Finding previous /
active polls and casting your vote is easy.
DISCLAIMER
The contents of this document are not a financial promotion. None of the information or
analyses presented are intended to form the basis for any investment decision and no specific
recommendations are intended. Therefore, none of the contents of this document serve as an
invitation or inducement to engage in any sort of investment activity. This document is not
intended to be a prospectus, solicitation, inducement, or offer for investment or the sale or
issuance of securities or any interests or assets. The information in this document is given in
good faith, but no warranties, guarantees or representations are made by our company about
the accuracy, completeness, or suitability of the information presented.
ACE Finance expressly disclaims any and all responsibility, and Recipients expressly waive any
claim, for any direct or consequential loss or damages of any kind whatsoever (whether
foreseeable or not) arising directly or indirectly from: (i) reliance on any information contained in
this document or any information which is made available in connection with any further
inquiries, (ii) any error, omission, or inaccuracy in any such information, (iii) any action resulting
therefrom or usage or acquisition of products͘
the company may update͕ modify or correct this document in its sole discretion͕ without notice or
incurring any obligation or liability to any recipient hereof͘ this document is strictly confidential
and intended to be ǀieǁed exclusively by those recipients (“Recipient(s)”) specifically authorized
by the company͘ this document shall not bind͕ conǀey any rights͕, obligations, terms͕ &
performance͕ coǀenants͕ representations or warranties on behalf of the company to Recipient͕ or
create any relationship between the company and any Recipient or any other party.