Shining a Light on the Metis Ecosystem.

Follow us:

Home » Project Breakdowns » Historic » Historic Post: Vitaly meets Cerus

Historic Post: Vitaly meets Cerus

Warning: Historic Article:

This is a historic article written before our migration and before our new Mission Statement. It may not meet our current research standards or our commitment to plain spoken, easy to understand content. It is included for the sake of continuity and completeness and is presented as is without edit – some information may be out of date or incorrect. 

Get ready to dive into the world of Cerus, where you can pioneer omni-chain liquid staking NFT services. NFT services! Their platform is designed to revolutionize the staking landscape, offering users the ability to earn rewards on a wide range of tokens without the hassle of locking down assets or managing staking infrastructure. With their innovative approach, powered by automated yield strategies and auto-compounding, Cerus makes staking easier and more accessible than ever before!

Gone are the days of managing multiple assets in different decentralized applications (dApps). Cerus streamlines the process and ensures users can easily navigate evolving stories and curated strategies. Say goodbye to the steep learning curves associated with traditional staking solutions – Cerus is here to lead the way to a more inclusive crypto experience for newcomers and seasoned enthusiasts alike! Through their liquid staking NFT protocol, users can deposit USDC into Cerus smart contracts and Synergy NFTs – tokenized representations of yield-bearing, liquid staking token baskets. These NFTs automatically compound rewards and compensation, leverage the power of managed Balancer pools, and select return strategies to maximize returns.

Unlike conventional staking solutions and NFTs, Cerus offers unparalleled flexibility and  liquidity with their SYN NFTs, allowing users to transfer or exchange them for the underlying assets at any time. Say goodbye to frozen assets, lock-up periods and manual management – Cerus allows users to earn rewards based on their terms, without restrictions or limitations. Their system applies a management fee, determined by the DAO, to the returns strategy rewards, ensuring profitability for SYN NFT holders and the DAO treasury. With fully auditable and sustainable practices, Cerus NFTs offer superior rewards compared to traditional exchange stakes. While the initial SYN stories are based on the launch chain, Cerus’ vision extends much further: they are committed to expanding across LayerZero chains in the future, making their NFTs and CERUS tokens truly omni-chain. Join them on this exciting journey to a more flexible, accessible and rewarding crypto experience with Cerus!

Who's behind Cerus?

The Cerus DAO oversees the management of Cerus, ensuring its efficiency and stability. In addition to technical development, the Cerus DAO’s responsibilities include promoting Cerus and attracting new users through educational content, promotional campaigns, and affiliate marketing initiatives.

Their own "Cerus Governance"

Following the launch of the initial SYN NFTs, narratives will be introduced through governance
by CERUS token holders within the CERUS DAO. These holders will be tasked with determining the tokens to be included in each narrative and their respective weights.

Voting will occur on a weekly basis, with the default setting being the previous week’s vote to streamline the process, unless changes are necessary. Each full CERUS token will carry one vote. Users can distribute their votes across all registered assets, and these votes will then be aggregated to determine the overall vote weighting. This weighted vote will be gradually
applied over the course of a week to prevent arbitrage.

Governance will empower the ecosystem by placing the authority over narratives in the hands of those who are best equipped to anticipate the performance of protocols in the present and future.

Co-founders:

The Cerus founders

A deep dive into Synergy NFT’s

The SYN NFT serves as a representation of the tokens and strategies curated within it, all overseen by Cerus Governance, the core of Cerus. This unique asset empowers buyers and holders to effortlessly engage with a subset of an ecosystem’s tokens, facilitating seamless transitions between crypto assets.

For maximum flexibility and governance authority, they utilize Balancer Managed Pools via a customized Balancer extension, providing notable benefits for the protocol. This includes the capability to accommodate up to 50 tokens per SYN NFT, dynamic token management allowing for addition, removal, and weighting adjustments via governance, and the implementation of circuit breakers to protect against malicious or compromised tokens.

Transactions involving SYN NFT positions, including entry, addition, and exit, are conducted in USDC stablecoins for simplicity and efficiency. Users can adjust their allocation to a narrative by simply adding or removing USDC from their SYN NFT.

SYN NFTs are built on LayerZero’s oNFT standard, compatible with 46 different blockchains as of the current date, and will be tradable on secondary markets. While the initial launch on Metis requires minting and redemption on the platform, a multi-chain future is imminent.

CERUS paying tribute to their OG’s Cerus Bulls

The inaugural release of SYN NFTs features custom artwork paying homage to Cerus protocol’s history through the iconic OG Cerus Bulls. This limited edition of 10,000 serves as a tribute to the founding community members. Subsequent minting will feature programmatically generated 8-bit bulls with randomized traits.

$CERUS and its tokenomics

The CERUS Token will function as the governance token for the CERUS Protocol. In addition to its governance role, $CERUS holders will enjoy various benefits, including innovative APY strategies that interface with their NFTs. CERUS tokens empower users to:

● Engage in governance activities within the DAO and manage individual SYN
allocations.
● Participate in single staking with CERUS tokens.
● Stake in liquidity pools (LP) using CERUS tokens.
● Receive revenue shares paid in USDC & METIS.

Side note:

The $CERUS Token is engineered to be deflationary, ensuring a controlled supply as time progresses. With a total token supply of 5 million, the number of tokens in circulation will gradually decrease over time through token burning mechanisms.

Blockchain: Metis Andromeda (standard ECR20)

Ticker: $CERUS

Token Name: Cerus

Max Supply: 5,000,000

Tax: NO taxes (!) Also no taxes when you want to provide or withdraw liquidity

CA: 0xb0cf600A62C94451b844B5161A57F7ceC4Cef9ae
Buy $CERUS: Buy on Maiadao Chart: DexScreener


Distribution:


● Staking: 20% (1,000,000)
● Team Allocation: 11% (550,000) 20% unlocked at TGE, vested over 6 months
● Initial liquidity: 10% (500,000)
● Liquidity reserve: 10% (500,000)
● Development Team: 9% (450,000)
● Public Sale: 10% (500,000) 15% unlocked at TGE, vested over 6 months
● Marketing: 9% (450,000)
● Private Sale: 8% (400,000) 0% unlocked at TGE, vested over 6 months
● Angels Sale: 6% (500,000) 20% unlocked at TGE, vested over 6 months
● Community Airdrop: 6% (300,00) Details in their discord

Vitaly’s summary as Vitaly approves Cerus!

‘m incredibly excited and bullish about Cerus because it’s pioneering omni-chain, liquid staking NFT services, revolutionizing the staking landscape as we know it! With Cerus, users can earn rewards on a wide range of tokens without the hassle of locking down assets or managing staking infrastructure.

What really excites me is their innovative approach, powered by automated yield strategies and auto-compounding, making staking easier and more accessible than ever before. No more managing multiple assets across different dApps – Cerus streamlines the process and ensures users can easily navigate evolving strategies.

Through their liquid staking NFT protocol, users can deposit USDC into Cerus smart contracts and mint Synergy NFTs, tokenized representations of yield-bearing, liquid staking token baskets. These NFTs automatically compound rewards, leverage managed Balancer pools, and select return strategies to maximize returns.

What’s truly groundbreaking is Cerus’s unparalleled flexibility and liquidity with their SYN NFTs, allowing users to transfer or exchange them for underlying assets at any time. No more frozen assets or lock-up periods – Cerus allows users to earn rewards on their terms.

Their commitment to transparency and sustainability is evident through their management fee, ensuring profitability for SYN NFT holders and the DAO treasury. And their vision extends beyond the initial launch – they’re committed to expanding across LayerZero chains, making Cerus NFTs and CERUS tokens truly omni-chain.

The SYN NFT, overseen by Cerus Governance, empowers buyers and holders to engage effortlessly with a subset of an ecosystem’s tokens. With Balancer Managed Pools, users can enjoy dynamic token management and protection against malicious tokens. Transactions involving SYN NFT positions are conducted in USDC stablecoins for simplicity, and SYN NFTs are compatible with 46 different blockchains, with a multi-chain future on the horizon.


Join Vitaly on this exciting journey with Cerus – it’s flexible, accessible, and rewarding, and it’s changing the game in staking and NFTs!

Side note / Risk:

Smart contract security is paramount for Cerus, with the Cerus DAO placing it as their top priority from deployment onwards. Users are advised to thoroughly assess the risks associated with Cerus, recognizing the potential vulnerabilities or bugs that could lead to its failure. Moreover, being built on experimental technologies like LayerZero and Balancer, Cerus faces blockchain technical risks, including potential network failures or exploits that could impact the value of SYN NFTs and Cerus tokens. Additionally, while the Cerus DAO treasury employs a distributed multi-sig key management system for enhanced security, there remains a risk of fund loss or theft if key shares are compromised or signatories become compromised.

Our Latest First Impressions and Deep Dives

Discover How You Can Help Us Grow!

VestaDAO relies on the power of information and in turn the power of many united voices. Click here or on the image below to learn how you can help leverage this power.