FungFi

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What is FungFi?

FungFi — a DeFi protocol, focused on developing advanced tools to automate yield and portfolio management across platforms.

Contents:

About the FungFi project
More about defi app

FungFi - dapp.expert

About the FungFi project

FungFi is here to innovate DeFi portfolio management and deliver value to MUSH token holders. The first phase of the protocol will distribute MUSH, deploy storage for various communities on Polygon and set up distribution of dividends for MUSH holders.

The second phase will focus on the deployment of the flagship product: Networking Vaults. NASes will allow users to channel revenue towards additional revenue generating products through an easy to use user interface.FungFi

Users can stake individual assets in FungFi pools and receive rewards in the form of MUSH. All pools will have a 4% deposit fee. The pools help us to distribute MUSH evenly when raising funds to launch our advanced yield optimization products. At an initial distribution rate of 0.75 MUSH per second, pools will generate MUSH in just under 6 months.

Participation in the farm:

1	Users who stake MUSH/USDC LP tokens on FungFi farms will be rewarded with MUSH during the token distribution period.
2	There is no commission for depositing or withdrawing funds for placing MUSH/USDC LP tokens.
3	The launch will incentivize liquidity on Sushiswap.

The dividend pool will allow MUSH holders to benefit from various sources of income that will be cultivated by the protocol. At launch, storage fees will be the main source. As FungFi grows, this will also include income from future products we develop as well as income, generated from liquidity, owned by the protocol.

The dividend pool is a form of decentralized ownership for the FungFi protocol. MUSH owners directly benefit from the success of the ecosystem and have a direct financial incentive to promote its use and hold developers accountable.

More about defi app

FungFi will actively seek to own its own liquidity as well as develop various third party liquidity positions, based on partnerships and the will of MUSH token holders. 5% of profits, generated from yield optimization products, will help to purchase MUSH liquidity during the distribution phase. After the distribution stage, part of this income stream can help to accumulate liquidity for partner projects. Any income from this accumulated liquidity will be distributed to MUSH holders through a dividend pool.