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Home All Events GrowthDeFi PERPS Launch

Date

Sep 21 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Sep 21 2022
  • Time: 12:00 pm

Status

Active

GrowthDeFi PERPS Launch

Hybrid yield farm + perpetual futures exchange platform on BSC, from the HyperMine team.

DETAILS
  • xPERPS is the native token
  • Users earn with xPERPS by either;
    • depositing xPERPs into either the xPERPS Compound VDC or Volatile VDC (VDC = Virtual Deposit Contract)
    • depositing xPERPs into the xGRO VDCs for a “Boosted Position”
    • depositing xPERPs into the veGRO staking platform
    • farming with xPERPs and earn yield on it
  • xPERPS VDCs (Compound VDC and Volatile VDC)
    • Compound xPERPs VDC
      • earn yield in xPERPs directly from deposit and withdrawal fees, 20% share of unclaimed dividends from the xPERPs Yield farm, and also the farm fees on all the LPs in the Yield farm; wrapped into “ONE” token and paid out as additional dividends
      • 11% deposit and 11% withdrawal fee in Compound VDC
        • 7% to drip pool
        • 1% Instant dividends to stakers
        • 1% Management
        • 1% Burnt
        • 1% Volatile VDC
    • Volatile xPERPs VDC
      • earn yield in xPERPs directly from deposit and withdrawal fees, 1% from the compound VDC deposits, 20% share of unclaimed dividends from the xPERPs Yield farm
      • 33% deposit and 33% withdrawal fee in Volatile VDC
        • 30% to drip pool
        • 1% Instant dividends to stakers
        • 1% Management
        • 1% Burnt
    • Drip pool for both VDCs, payout 1% of their balance daily to stakers proportional to their amount staked
  • xGRO VDCs (Compound VDC and Volatile VDC)
    • Stakers in the separate xGRO VDCs can boost their xGRO yield by depositing xPERPs
  • xPERPS Yield farms
    • Earn yield in xPERPs by liquidity farming, which is used to back the perpetual exchange
    • Available yield farms; xPERPs, xPERPs/BNB, xPERPs/BUSD, DAI/BUSD, GRO/BUSD, GRO/BNB, ETH/BNB, xxHMINE/BNB, MAGIK-EMP/ETH, MAGIK-ESHARE/BNB, BSW/BNB, and Counter Party LP tokens
    • Each farm has 4 different deposit and withdrawal fee rate for each pool. Users can choose which pool to farm, and their allocation of xPERPs rewards is dependent on the selection
      • 2.5% fee — 11.25% xPERPs allocation
      • 5% fee — 16.25% xPERPs allocation
      • 10% fee — 26.25% xPERPs allocation
      • 20% fee — 46.25% xPERPs allocation
    • xPERPs must be claimed daily by a certain time or its lost. Each claim or compound is independent from the next
    • Claim time starts at 24 hours for the first week, and decreases by 4 hours each week. At the end of the 6th week onwards, the claim epoch will remain at 6 hours
    • Any unclaimed xPERPs is distributed as;
      • 40% to xPERPs VDC drip pool. Stakers in the VDCs will get a share daily from drips
      • 60% of the xPERPs to the burn address daily
  • PERPS Counter Party Pool
    • Users can also provide liquidity for the perpetual exchange in the Counter Party Pool (CP) to receive a share of the swap fees on the perpetual exchange platform
    • Users receive CP tokens as receipt for providing liquidity
    • CP token is the shares token on the Counter Party Pool and fees are distributed proportional to the amount held
    • CP tokens can be withdrawn for BUSD
    • Users can also stake their CP tokens in the Yield farms to earn xPERPS
  • Perpetual Exchange (docs)
    • Users can trade (long/short) on the Perpetual exchange
    • Trading pairs available – BNB/USD, ETH/USD, BTC/USD, XAG/USD, XAU/USD, WTI/USD
    • Available features; market and limit orders, margin trading (max 10x leverage)
    • BUSD is used as the primary collateral and all trades are settled in BUSD

Blockchain

BSC

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