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Finally, Safuu also includes a unique and proprietary Safuu Auto-Liquidity Engine (SALE) which automatically injects an additional 4% liquidity every 48 hours automatically to maintain protocol stability and to make sure the APY is upheld for the entire life of Safuu. The SALE also adds more and more liquidity to the pool which will allow $SAFUU token holders to easily sell their tokens at any time with little to no market slippage.
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MORE IDEAS ON THIS
Nonetheless, the future for the DeFi ecosystem remains bleak as there’s no telling whether the leading projects in the space can last long or whether they’ll be as beneficial and profitable as more users sign up and the platforms are more scalable. One of the most common solutions to ensure the D...
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The tokenomics of the protocol ensures the protocol remains stable, scalable, and profitable as more users join. Safuu’s token supply is only 325,000 $SAFUU, with an auto burn rate of 2.5%, auto staking and liquidity provision (LP) every 48 hours and the factor of rebasing at 15min intervals prov...
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A rebase (or price-elastic) token is designed in a way that the circulating token supply adjusts (increases or decreases) automatically according to a token’s price fluctuations.
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Key to maintaining sustainability despite the high APR is Safuu’s Fire Pit , which is a buyback-and-burn contract that reduces the circulating supply of $SAFUU tokens. According to the company’s website, 2.5% of all $SAFUU traded are burnt in the Fire Pit.
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CURATED FROM
thenewscrypto.com
5 ideas
·96 reads
Interesting new mechanism brought to market by SAFUU, I would stay away for a while until proved due to close enough resemblances with the Terra ecosystem, but one might just need a deeper dive into these mechanics to make a decision.
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