Title: Arctic Post by: ArcticSwap on March 09, 2021, 06:22:52 PM What is ArcticSwap? ArcticSwap is an experimental yield farming protocol with a deflationary twist that rewards participants in the form of $ARCTIC rewards. The platforms seek to offer an alternative to many issues which are common in BSC yield farming, namely: - Hyperinflation: platforms generally seek high APYs by allowing fast inflation of farming rewards, leading to a short platform life cycle. - Native Token Pools: platforms generally seek high TVL by offering high yields to non-native token pools, meaning those holding the platform token are diluted by participants yielding less risk. - Stakeholder Participation: platforms generally do not give the community a say in which pools to add to the rewards system. ArcticSwap aims to address all of these issues. $ARCTIC Token $ARCTIC is the native token of ArcticSwap. Our polar explorers can start earning $ARCTIC rewards from the ArcticSwap right away by depositing into the following farming pools: In total, 0.5 $ARCTIC will be distributed from the ArcticSwap per block. The four native $ARCTIC pools will have the highest multipliers in order to support our earliest polar explorers and kickstart the Arctic Burn. Three non-native pools will be added to support the ArcticSwap’s TVL. These pools were selected from trusted BSC projects that offer safe, community-bootstrapped liquidity pairings and will provide our polar explorers with exposure to the broader BSC Defi ecosystem. Remember, $ARCTIC holders will be able to vote on additional community pools in the future. Finally, the single-asset $ARCTIC staking pool will go live shortly after launch, offering $ARCTIC holders a straightforward way to compound their rewards. A flat harvest fee of 5% is applied to withdrawals from all pools, which will be distributed to the development wallet. The Arctic Burn — 1% Burn When exploring the ARTIC, polar explorers need to be aware of the Arctic Burn. All $ARCTIC transactions will be subject to a 1% token burn. Contract Security ArcticSwap is built from the original Sushi Masterchef contract — meaning our polar explorers can deposit safely with the security of a battle-tested protocol. In addition to this tried and tested code base, we have implemented the following security enhancements: - Removed Migrator Function: meaning the LP cannot be migrated after deployment. - Timelock Contract: meaning that contract functions cannot be changed without 24 hours notice (NB: there are very few functions that could be maliciously changed regardless, but we have provided this for added peace of mind). - Removed Mint Function: Owner cannot mint new tokens besides the initial amount added to liquidity. Only the ARCTICchef contract can mint $ARCTIC rewards. ArcticSwap Launch ✔ Token Contract: 0xd09A3a36B15037F5d59105D97B3A7ED0C029166A ✔ Arctic Contract: 0xBACD02BaA664A3a9D3e1001d7B9C4c19d1c8a3c4 ArcticSwap Socials Visit App (http://Visit App) Connect on Telegram (http://Connect on Telegram) Follow Us on Twitter (http://Follow Us on Twitter) |