APR Resets
We would like to first off give a headups and state that this concept was introduced by a solid yield farm called Swift Finance which we have personally seen it work
Last updated
We would like to first off give a headups and state that this concept was introduced by a solid yield farm called Swift Finance which we have personally seen it work
Last updated
Philetairus socius will only have up to TWO "Native" farms and ELEVEN "Non-native" farms at any given time which would have a deposit fee on them (4%), and would have a reset every week (depending on popularity/community/growth may be longer).
At this moment, we will have the following "native" farms which will be our mainstays which are:
SOCIUS - FTM - 30x multiplier
SOCIUS - 15x multiplier
For example - WFTM pool at 4% deposit fee will run for 7 days, after all the WFTM deposits will be left to the user to withdraw or forced withdrawn back to the owners. After that, investors in the yield farm will then vote on the next set of farms to replace the current set.
This would mean that every week as the amounts deposited in non-natives reset, there would be a fresh inflow of deposit fees which help sustain the native project as well as give HIGH APRs for those who are interested in joining the project.
Once the APR reset is done there will be a few boosters for our Native holders. Emissions will be set to 0.07 for the first 2 hours to offset and give an APR booster to all. Furthermore, the multiplier will be shifted and set to bump up the native APRs even more!
If you are new to this concept it can sound quite scary, but do not fear this forced withdrawal would only work if it is sent back to the owner. This means that if you deposit 50 WFTM for example, due to the workings of the smart contract, when forced withdraw is activated, this 50 WFTM is sent directly back to the owner's wallets, with all earned tokens as well.
This function is necessary for the APR Resets to work without people cheating the system. This means that for sure, the pools when reset would not have any remaining cash/crypto in it and be able to avoid depositing again.
Extra technical notes:
Each time before a new farm is released, the devs will do a forced withdrawal, which you can look at below.
Furthermore, the forced withdraw would only work when the pool is set to 0 allocations.
Good question.
In line with the mission of decentralization that we support fully, we will hand this major decision-making powers to YOU!
The Philetairus socius team will not have a say in the next batch of pools that will be up.
Instead, we will be implementing governance within Philetairus socius - meaning you and other investors decide which pools will replace the current batch.
Basically, you choose the coins you want to yield farm in.
