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% BurnWhen 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 SecurityArcticSwap 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.
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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).
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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
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