PolyDefy revolutionised farming by introducing a fully deflationary farming tokenomics.
Each transaction gets taxed 10% and allocated as follows:
4% of trade value towards farming rewards,
1.5% towards holders,
2% to Impermanent Loss Insurance (ILI ) fund,
2% is burnt and
0.5% goes towards marketing & team profit.
Impermanent Loss Insurance (ILI ) protects farmers from the ever present threat Impermanent Loss while farming, another revolutionary concept introduced by PolyDefy.
The team holds no tokens, nor were there any presale. This project is totally owned by the community.
With every transaction the Total Count goes down. When you buy/sell/transfer any PFY token, 10% is deducted and distributed as follows:
Every farming project mints (often, an unnatural amount of) tokens to reward the farmers. This increases Total Supply (TS). At PolyDefy, we don’t mint EVER!
The reward for farmers come from the trade volume of the previous day. For example, if a total of 50,000 PFY were bought/sold/transferred yesterday, today the farm rewards will be 4% of 50,000 PFY, i.e. 2000 PFY.
The same method can be used to calculate Holder Reward, ILI fund, Burn etc. Say NO to Inflation, YES to PolyDefy.
Hate to Farm because you always end up making Impermanent Loss? Not Anymore! At PolyDefy, every trade sends 2% to the Impermanent Loss Insurance (ILI) which covers you from the potential loss.
PolyDefy Tokenomics is carefully designed but if you still end up making IL, this fund will automatically cover your losses and send you the amount which nullifies your loss.
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