It is a service in the DeFi BSC (Binance Smart Chain) ecosystem that aims to improve investment security by paying out profits in a series of tokens, grouped by stablecoins with low, medium and high risk. It has appeared for automatic profit diversification.
Contents:
Description of the TakeProfit project
It's easy to be tempted to go all-in and focus on a single currency like CAKE, but by betting on CAKE and profiting from other stablecoins like BUSD, diversification can be easily achieved. Each storage has a built-in auto-connect feature, so you can save on gas and get higher profits. The developers strive to provide a way to earn money in BUSD, BNB, BTC, ETH automatically, etc.
Some features:
| 1 | You can bet on Cake in the High Risk Vault and claim Auto Cake as a reward. |
| 2 | Auto Cake - a reflection token that transfers some of the Cake reward volume directly to your wallet. |
| 3 | This token can be reinvested in any wallet. |
PROFIT — a project own token, connected to CAKE. For every CAKE Vault earned, a 10% performance fee will be charged, which will be fully transferred to the liquidity pool. Based on this performance fee, a relative number of PROFIT tokens will be minted, starting at a ratio of 500x PROFIT per CAKE. PROFIT tokens will be worth more than when they were in demand.
Each application for a Profit Vault will trigger automatic liquidity addition to increase the minimum price of the PROFIT token. This means that simply storing profit tokens will be beneficial when takeprofit.fi users are making a profit and claiming rewards.
Additional data
More information about the project is available in a dedicated document. There are sections for easy navigation. Future innovations are in the RoadMap.
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