QuasarSwap — a new DeFi Yield Farming project on the Binance Smart Chain.
Contents:
Description of the QuasarSwap project
QuasarSwap strives to provide the best rates while maintaining a stable token price. Liquidity providers contribute to the liquidity of a pool of trading pairs such as QUASAR-BNB by depositing their cryptocurrency (in this case QUASAR and BNB) in a pool, receiving in return QUASAR LP (Liquidity Pool) tokens.
Assets in a liquidity pool create a market where traders can exchange assets. If there was no liquidity pool, the trader would not be able to exchange tokens. When an investor exchanges tokens, he must pay a commission for the trade. This commission is paid to liquidity providers in proportion to the amount of liquidity (QUASAR and BNB) they have added to the pool. An investor who “owns” a large portion of the liquidity pool will receive more trading commissions, compared to an investor who has provided the pool with little liquidity. Pancakeswap's commission - 0.17% for every token trade.
Issue rate:
| 1. | Initial ejection rate: 0.5 / block. |
| 2. | Minimum ejection rate: 0.1 QUASAR / block. |
| 3. | Initial delivery: 200 QUASAR. |
| 4. | Starting price: $ 3. |
Timelock adds additional security to the project as changes cannot be made immediately and will need to be scheduled before any changes are made. To prevent this and ensure security, a Timelock contract was added as the owner of MasterChef. Any changes to MasterChef must go through a 12-hour security lock now.
Dapp on social media
You can get more information through a special document. It contains introductory data and rules of work. The RoadMap section marks future updates.
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