Altitude Documentation

– January 2025

Introduction

Altitude isn’t just a token; it’s a DeFi ecosystem committed to delivering long-term value, sustainability, and consistent rewards for its holders. Built on the Base Chain (Ethereum Layer 2), Altitude stands out as a deflationary revenue sharing rewards token. With mechanisms that stabilize price through reduced circulating supply and enable holders to earn passive USDC rewards, Altitude aligns with its vision to become one of the most rewarding DeFi tokens.

Our tokenomics and tax mechanisms encourage long-term holding, while external revenue streams, including the innovative Mountain Wallet and EVEREST Vault, are utilized to sustain and grow the ecosystem. From day one, Altitude’s model generates external inflows, ensuring that every holder participates in the project's success.

This page provides an overview of Altitude’s core elements, including tokenomics, liquidity pools, reward programs, and our roadmap for the future.

Why Altitude?

Altitude was born out of a vision to improve the DeFi space, inspired by lessons learned as an investor in various communities. The project seeks to address challenges in sustainability, transparency, and user rewards while building a community-driven ecosystem. Altitude reflects a commitment to positive contributions, providing every holder with a share in the project’s success and growth.

By leveraging innovative reward systems, tax allocation, and strategic partnerships, Altitude delivers consistent value to its holders while fostering a thriving, engaged community.

Tokenomics

Token Name: Altitude
Blockchain: Base Chain (Layer 2 on Ethereum)
Starting Supply: 210,000,000 Tokens

Tax Rates (V2 Pools)

Buy Tax: 2%
- Tax Wallet: 2%
Sell Tax: 4%
- Tax Wallet 4%

Tax Wallet Allocation:

Mountain Treasury: 75%
Buy & Burn Stability Pool: 25%

*USDC LP(Aerodrome) Tax Free (0.3% Dex Fee)*

Liquidity Pool: OMNI Emissions

We are pleased to share that Altitude has secured a gauge on OMNIDEX. As part of our strategy, our cbBTC pool was relocated to OMNI DEX. This is a fantastic opportunity, as it means a portion of OMNIDEX emissions are now be directed to our pool. However, we face competition from other projects that are also campaigning for votes.

For those familiar with the model, OMNI tokens can be staked for up to 4 years and converted into veOMNI. Holders of veOMNI can then vote for projects, with emissions distributed among pools based on the proportion of votes received. More details can be found in the OMNIDEX documentation.

We expect to be one of the smaller pools initially, but our plan is already in motion.

Token Accumulation – We are accumilating OMNI to secure emissions for Altitude staking them as veOMNI to vote for our pool.
Revenue Allocation – Our veOMNI staking fees will be used to acquire additional OMNI each epoch, increasing our voting power over time.
Reward Distribution – A portion of our veOMNI staking rewards will be directed towards USDC Vault payments.

EVEREST Vault: Monthly USDC Dividends (Paused! Relaunch TBC)

The EVEREST Vault was an addition to Altitude’s utility, enabling holders to earn monthly USDC dividends. Starting March 2025 reflections began winding down to be fully replaced with a USDC yield, rewards were distributed during the first week of each month.

How It Worked:

Mountain Wallet Contributions: A portion of the yield generated by the Mountain Wallet was allocated directly to the EVEREST Vault, ensuring USDC inflows. Dividends were claimable by holders based on their proportion of ALTITUDE holdings. For example, if a holderheld 2% of the tokens held in wallets, they’ll receive 2% of the vault’s balance.

Changes to Increase Future Yield:

The vault payments will be temporarily paused as the focus returns to the burn. However fees/taxes will still go towards relaunching this feature while the pause is in place, the goal is bigger payments that a more consistent and last the majority of the month. Alternative options are being explored/developed to reward Altitude holders!

Revenue Strategy

Altitude’s sustainability relies on generating external inflows and utilizing them to benefit the community.

Mountain Wallet: This treasury generates yield through Mountain Owned Liquidity & creating Altitude LP helping harden the price with the bonus of earning fees, directly investing in ourselves with plenty of room to scale! Profits reinvested/utilized to support token burns, the future of the vault, marketing, liquidity.
B&B Stability Pool: A stable coin only treasury, a small part of taxes/reinvestment is put here giving Altitude a stable foundation to grow.

These mechanisms ensure sustainable growth preserving Altitude’s value over time.

Merkl Utility

Altitude leverages Merkl, an advanced DeFi platform that enables efficient and secure reward distribution. With Merkl, users can:

Earn rewards without staking LP tokens or assets.
Claim rewards directly from their wallets.
Enjoy seamless participation in the ecosystem with minimal complexity.

Merkl is widely used across DeFi, offering Altitude greater visibility and accessibility to new users.

Updated Roadmap

USDC Reward Program Implementation Transitioning from reflection-based rewards to a revenue-sharing USDC rewards model. Holders can claim their rewards monthly via the Merkl platform. (Paused for growth!)
OMNI Reward Integration Launching OMNI rewards for Altitude/cbBTC liquidity providers, funded through OMNI emissions. (Coming Soon!)
Everest Vault Sustainability Establishing sustainable funding for the Everest Vault, ensuring consistent USDC payouts through taxes and contributions from the Mountain Wallet. (Ongoing)
Collaborations & Ecosystem Expansion Actively partner with DeFi projects and platforms to integrate technologies and grow the Altitude ecosystem.
Exploring New LP Pools Expand Altitude's reach by exploring new liquidity pools on other decentralized exchanges (DEXs) to attract new users and increase exposure.
Research, Innovation, & Scalability Continuously invest in new features, efficiency improvements, and exploring cross-chain opportunities to enhance long-term project growth

Security & Transparency

Audits: Conducted by Crypto Hub for comprehensive security verification.
Liquidity Burn: The majority of V2 LP is burned (dead address)!
Developer Fees: 10% of project fees, ensuring minimal impact on project revenues.

Conclusion: Join the Ascent

Altitude is scaling new heights with its innovative approach to DeFi rewards and ecosystem growth. By aligning incentives, delivering consistent value, and fostering a strong community, Altitude is redefining what it means to be a sustainable rewards token.

Join us on our journey as we continue to evolve and achieve new milestones. The future is bright, and we’re just getting started!

THE ALTITUDE PROJECT