Article Summary, Automatically Generated By AI
Summary
- Messier pioneers DeFi innovations with decentralized solutions to strengthen cryptocurrencies against fiat.
- Solutions generate fees channeled into Messier DAO’s treasury, relying on smart contracts.
- Funds are used to purchase tokens, determined by M87 token holder votes, and distributed to M87 stakers.
- Virgo’s smart contracts execute buy & burn actions on M87 token when treasury reaches 87 ETH.
- Excess ETH is used to boost M87 value by increasing liquidity and reducing supply.
- Key figures: 87 ETH (treasury limit), M87 (token)
About Messier: Pioneering the Future of Decentralized Finance
Messier spearheads DeFi innovations with a multifaceted array of decentralized solutions. Our mission is to bolster the competitiveness of cryptocurrencies against fiat currencies by tackling pivotal hurdles.
Across a multitude of blockchain networks, our solutions yield fees that are funneled into the Messier DAO treasury, leveraging the autonomy of smart contracts. Through Virgo, these funds are strategically allocated to acquire tokens, as dictated by the collective votes of M87 token holders. Subsequently, the acquired tokens are redistributed to M87 stakers.
Upon reaching a treasury limit of 87 ETH, Virgo’s smart contracts systematically trigger buy and burn actions on the M87 token. Any surplus ETH is strategically utilized to enhance its value by augmenting liquidity and diminishing supply.