PONZIPOT — a decentralized, permissionless, trustless and non-hosted Never Lose DEFI 3.0 Pot Protocol, driven by smart contracts on the Polygon blockchain networks.
About the PONZIPOT project
PONZIPOT — a concept that the developers introduced, based on real income and volatility resistance. This can be achieved through the use of stablecoins and dividends linked to real and genuine returns.
It is a low-risk protocol in terms of the fact that stablecoin deposits should not incur an intermittent loss under normal circumstances and are less subject to price fluctuations than other crypto tokens. Have fun by earning and winning with an innovative DeFi lending aggregator. Each POT is itself a DAO, combining DEFI and GOVERNANCE for a specific purpose.
There are two member roles in a bank:
| Liquidity providers | add liquidity to help to generate income while they grow POTSHARES that can be redeemed for stablecoin dividends. |
| Players | mint POTCOINS to contribute to generating income while they grow POTSHARES, which can be exchanged for stablecoin dividends and participate in POT PRIZE. |
Potcoins are a representation of your POT PRIZE odds as well as the principle of growing POTSHARES at a fixed daily rate. Each POTCOIN is equal to 1 chance among all minted potcoins.
The proceeds of the bank's main stablecoin from the minting of POTCOINS and the added LIQUIDITY are deposited in lending protocols. The resulting income is distributed between prize money, dividends and reserves. Reserves are the portion of income that is left in the bank over time to increase wealth. The reserves are owned and operated by members of the DAO.
Dividends
The portion of income that is distributed to players and liquidity providers who own POTSHARES. Dividends can be pooled as liquidity to grow POTSHARES and are paid out in the bank's underlying stablecoin. Dividends are replenished each time a POT PRIZE is awarded. All POTSHARES, grown before this time, can be harvested within a certain period of time. When harvest time ends, the pot allows you to exchange POTSHARES for dividends. Compound dividends can be cashed out at any time. Dividends, transferred from reserves by DAO members, are added to the distribution with the next POT PRIZE.