The goal of SpectreFi — to be the next evolution of high yield farming and single asset staking to earn tokens while reducing risk exposure while maintaining high APY. At launch, the project will introduce high yield farming through LP rates with a mechanism that increases the size of APY rates as TVL increases.
Site description of SpectreFi
SpecterFi is offering a brand new TVL-based APR feature that encourages users to stake their tokens. The higher the TVL, the higher the percentage per annum. If users are suspected of using bot software, they may be subject to a ban that will prevent them from exchanging their $SPECT. There are many factors that can make a user suspect that they are a bot, such as the number of transactions per second and the held amount of inventory.
Other features:
| 1. | Every $SPECT transfer will be subject to a transfer tax of 5%, excluding staking and de-staking from farms. |
| 2. | The transfer tax is automatically added to the liquidity pool through the contract. This will continually raise the floor price, increasing the depth of the liquidity pool for $SPECT. |
The importance of SPECT-WFTM LP is significant as it determines the impact on price and the amount of required slippage. The greater liquidity of $SPECT will ensure a better and fairer price for holders.
Be sure to increase your slippage to at least 6% when trading $SPECT or your transaction will fail and your gas fees will be wasted. Transfers over 5% of the total offer will be rejected. As the total supply grows, the amount you can make in each transaction increases as the supply increases.
The point of the anti-whale mechanism - to discourage users from trading too much SPECT in a single transaction, as this would result in a significant price impact.
Security
Contracts will be reviewed and submitted to Rugdoc.io to ensure that there are no malicious codes that allow control of the project. The initial provided liquidity will be sent to Rugdoc.io and permanently locked. This means that the team will not have access to LP tokens, so no $SPECT can be sold, which will prevent a scam scenario.