Static Rewards, LP Acquisition, Manual Burn
There is a common subjective misconception for heavy APY, that is the impermanent loss from staking an LP (liquidity provider) exist in a farming reward generator. DeFi boom has has also show a fact that many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. That’s the reason why YooShi is born.
In these bull market, we saw countless tokens sufferred from an inevitable valuation bubble, followed by an impending collapse of token price. Therefore, YooShi has mass adoption of static rewards, known as reflection, which is a separate concept that seeks to eliminate troubles caused by farming rewards.
Static rewards will solve amount of existing problems.
First of all, the reward amount is conditional upon token’s trading volume. This mechanism aims to alleviate the downward sell pressure caused by earlier adopters who may sell their tokens after farming crazy high APY’s.
Secondly, the reflection mechanism encourages holders to hang onto their tokens to gain higher rewards which are based on the percentages carried out and the total amount of tokens held by the owner.
Burning mechanism is important for the early development of a protocol. However, setting burning mechanism in protocol means that the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on each milestone will help to keep the community rewarded and proud for achievements they made. The conditions of manual burn and the amounts can be advertised and tracked.
YooShi aims to implement a burn strategy that is beneficial and rewarding for those engaged for its long-term development.
Furthermore, the total amount of YooShi burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.
Automatic Liquidity Pool (LP)
Automatic LP is YooShi’s secret weapon. It acts as a two-fold beneficial implementation for holders.
Firstly, the contract sucks up tokens both from sellers and buyers, which will be added to LP, creating a solid price floor.
Secondly, the penalty acts as an arbitrage resistant mechanism that secures the volume of YooShi as a reward for holders. In theory, by adding tax to tokens’ overall liquidity, the added LP creates a stability from the supplied LP, thus increasing the tokens overall LP and supporting the price floor. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply.
With the increase of YooShi token LP, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The setting of this mechanism is to protect token price from large dips when whales sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function.
The whole effort is to alleviate existing troubles we have seen in current DeFi reflection tokens. There is no doublt that this elaborately designed model will prevail over the outdated reflection tokens.
YooShi is targeted to burned 10% total supply, with the plan as:
- First 2% total supply will be burned when holders reaches 1,000;
- Second 2% total supply will be burned when holders reaches 10,000;
- Third 2% total supply will be burned when holders reaches 100,000;
- Forth 2% total supply will be burned when holders reaches 1,000,000;
- Fifth 2% total supply will be burned when holders reaches 100,000,000.
YooShi gets 3 simple functions: Reflection, LP acquisition and Burn.
In each trade, the transaction is taxed a 10% fee, which is split into 3 ways.
- 4% fee redistributed to all existing holders
- 3% fee is split 50/50, half of which is sold by the contract into BNB, while the other half of YooShi tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on PancakeSwap.
- 3% fee will be injected into NFT Farming.
Step by step plan to ensure 100% safety.
Dev burned all tokens in Dev Wallet prior to launch
Fair launch on PancakeSwap
LP locked on PancakeSwap forever
LP generated with every trade and locked on PancakeSwap