King's third-party LPs Auto-Compounding
Last updated
Last updated
Our technology automatically compounds user's rewards within third-party LPs at optimal times to earn the highest returns. We’ve specially engineered the smart contract so that everyone’s rewards compound each time there is some user interaction with the contract. For those wondering what entails a user interaction, depositing, withdrawing and harvesting are all user interactions which will trigger a compound event.
More times you compound, the higher the APY.
In the current DeFi landscape there are still a lot of projects working with manual compounding farms, or in alternative compounding with bots on daily basis.
From a mathematical prospective all those farms are inefficient when compared to KingDeFi’s compounding model. We have decided that it would be an amazing opportunity to expand our compounding offering to additional farms, bringing innovation and efficiency.
1. Continuous compounding: each contract interaction boosts compounding APY performance producing higher APY for investors;
2. Users are able to stake different tokens than KROWN and get rewarded with the respective LP, single tokens, or BUSD;
3. Investors will be able to boost KROWN price converting the whole (or a part of) LP into KROWN. An automated swap from LP to KROWN will be performed by the contract and KROWN will be deposited into the wallet.
Which is the great advantage for our users: automated LPs creation functionality & earn other tokens than KROWN
Together with this new feature we have engineered the smart-contract in order to help users which are new to DeFi and make the process more efficient for all stakers.
It is sufficient that the user has only one of the LP tokens. Our contract will create the LP automatically. Same concept applies to withdrawal: the user can choose to receive the LP, or one of the two tokens of his choice.
We opted for a lower fee model than our competitors: (Deposit fee: 0%, Withdrawal fee: 0.05%).
We have simplified the process of investing in LPs by giving everyone the option of depositing (and later withdrawing) directly with BUSD. Our technology will take care of all the necessary swaps and the LP deposit. Ours is a one-click solution! Simply hold BUSD stablecoin in your wallet, and invest directly in the LP of your choice. As if this were not enough, your investment will be continuously compounded.
As mentioned continuous compounding contract allows to increase performances, 2% of it is then allocated automatically to buyback and burn KROWN. This methodology will help to manage inflation.
Some of our holders would like to accumulate KROWN, in order to promote this practice we have added the possibility for users to automatically convert their LP deposit into KROWN.
Simply select the amount of KROWN you'd like to receive and click Convert!
Hacken has performed the audit of the new Multi-Asset compounding contract. A great well-secured rate was achieved 💪
Find full audit report here.
