Esteem

Esteem ($ESTEEM) is the cornerstone of BetterBank’s governance and ownership structure, representing a share of the protocol while maintaining a dynamic, elastic supply model. Unlike speculative assets, Esteem’s statically increasing value is designed to make the supply scale alongside the protocol’s growth.

How Esteem Works

• Represents ownership in BetterBank, although it does not grant direct control over operations or treasury funds.

• Functions as a staking and rewards token, incentivizing participation in the ecosystem.

• Minting increases Wildlands gains. Esteem may be minted for any of the tokens listed in the Stronghold, and the treasury utilizes the tokens it receives in this way by directly depositing them in the Stronghold, increasing Wildlands borrowing capacity.

• Smelting increases Grove Rewards. Esteem can be burned (or "smelted") to receive newly minted Favor of the Smelter's choice, increasing the supply of that Favor type and as such the rewards in the Groves, that grow by a percentage of supply daily.

Esteem’s Role in the BetterBank Ecosystem

• Governance: Future protocol upgrades may introduce governance rights for Esteem holders in BetterBank's intended move to full decentralization.

• Yield Generation: Holding and staking Esteem Enables Favor issuance, reinforcing BetterBank’s self-sustaining financial model.

• Acts as a provider of value for the community, as its minting ensures inflows into the Treasury that services the entire protocol and thereby helps all users.

• Rewards long-term participants through continuous rewards and continuous price increase, encouraging sustainable staking and lending behavior.