Red Pill Finance — a space, where new DeFi concepts will be implemented and where existing apps will be updated in a way that benefits the community.
Contents:
- Description of the Red Pill Finance
- What are the advantages of the project?
- Social media and other information
Description of the Red Pill Finance
Red Pill Finance operates exclusively on Binance Smart Chain as operating and transaction costs are minimal, which serves as an excellent platform for new DeFi applications.
Yield Farming has become very popular on the Binance network. It all started when Pancakeswap introduced the Sushiswap fork at BSC. Typically, you provide liquidity to the AMM liquidity pools and receive a farm token as a reward. In fact, the concept is great, but there are certain drawbacks that make the system unstable in the long run. Profitability farms like PCS have an infinite supply, which means that each block generates a certain amount of tokens. These tokens are added to the total supply, hence the supply of tokens is constantly growing and inflating the market. This will lead to big sales and make farming unprofitable.
Some profitable farms have introduced deposit fees on certain farms in order to generate cash flow that can help to buy back the token, increase the price slightly and burn the token. However, the effect is temporary, because the deposit often occurs at the beginning of the farm, after which the deposits decrease and the buyback effect disappears. This can cause a chain reaction where others start dumping and fearing for their profits.
What are the advantages of the project?
Pill Finance has taken the liberty of borrowing some of the concepts, invented by other (sometimes unsuccessful) projects, learning from them and improving them to get a great conceptual crop farm.
Why should you trust this project:
| 1 | The number of YELLOW-P tokens is limited, so new tokens do not have to be issued every time. Most of the tokens are inactive and controlled by a smart contract. |
| 2 | Instead of a fixed block reward, the reward will be actively rebalanced. Every 1200 blocks (about 1 hour), the block reward will change, depending on the circulating and blocked offer. This means that farmers must be proactive in order to receive the best possible reward. |
| 3 | For each transaction with the YELLOW-P token, there is a commission of 9%. Then 10% of this commission will be burned, 20% will fall in the form of a jackpot and the remaining 70% of the commission will go back to the locked supply of the smart contract, which will lead to increased income on the farms. |
Red Pill Finance will charge a fee for depositing some tokens in order to incentivize token use and ensure token buyback. To create more liquidity in the project, some tokens can be delegated to the PCS to earn their own tokens. To get more support and allow Red Pill Finance to grow, there is a referral program. If someone places tokens on one of the farms, using someone else's wallet address, these addresses will be linked forever. For each commission, charged for the deposit, the referral will receive a reward of 10%.
Social media and other information
The project website runs in English. You will find useful information on the main page.
From social networks, the community leads:
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