FATFIRE FINANCE — the new DeFi on the Fantom network with zero deposit fees. This project is for the community to bet and earn money for as long as possible. This is not a developer project that makes money, there is no hard mat or soft mat, etc. This is a coin defi project that gives money to the community.
How does DeFi FATFIRE FINANCE work?
The developers named it FATFIRE after the concept of financial independence/early retirement. In the FIRE community, FIRE's goal - to maintain and increase your income on the path to financial independence. FATFIRE is when your net worth has officially reached a level where you are truly not only financially free, but also financially independent.
The FATFIRE token was created, based on the buy-and-burn mechanism, introduced by Goose Finance, with additional features that will increase the price of the token. Before the rewards reach the maximum amount, the developers will launch the next level so that you can continue to receive rewards from FATFIRE. Also, the decision was made not to charge a commission for the deposit, as it is necessary that you be sure that you will not lose money.
In new future projects, the deposit fee that is collected from farms/pools will be used to:
| 1. | 1.5% dividend pools. |
| 2. | 0.5% will be added to the treasury for future development. |
| 3. | 2% development fee. |
By collecting these fees, the team will be able to further expand FATFIRE Finance and provide you with a better experience. Future FATFIRE projects in non-native pools will be subject to a 1% deposit fee. FATFIRE's own pool will remain commission-free. 10% of the issue will go to the reward address. This happens through the rewards issued, not through your tokens. These issuance fees will be used for development fees, exchange listings and partnerships with other farms, where they may be required to issue a certain number of FATFIRE tokens.
Dividends and yield
Dividends — a special affiliate subsidized pool that allows you to stake FATFIRE or a partner token and earn USDC. For example, you stake 30 FATFIRE tokens with zero deposit fee and get USDC tokens for free. The percentage of the pool depends on the money, held in the pool, and rewards are paid, according to your share in the pool. Thus, the more you bet, the higher your stake. The pool is paid per block. Always double check how much money is in the pool by clicking on the contract address. Once the pool reaches zero, no rewards will be paid out.