Oolong Finance — one of the best decentralized finance protocols on Thundercore. The main idea of this crypto project - to maximize the benefits for both TT holders and USD holders.
Contents:
Description of the Oolong Finance site
Investing in a financial product Dual Investment allows your positions to have a higher profitability, the smart contract will remove the TT anchor price and guaranteed income. If the TT price rises after it has matured, you will receive an income in USD, if the price decreases, you will receive a TT refund. You can provide your TT to sell double coins. TT providers receive the rest of Dual Investment's profits and also mine a few oolong tokens. When you withdraw your TT, mining will be stopped and 0.1% of TT will be reserved for future profit sharing for oolong holders.
Other coin defi features:
| Public treasury | Since 60% of OOL is distributed in Teapot, the community can access most of Oolong by adding liquidity to Teapot. |
| Profit distribution by protocol | Redeem oolong periodically with a profit under the protocol and share the received oolong with the LP provider. |
| VIP | The VIP program is under development. It includes participation in the distribution of profits and some other benefits. |
The initial supply of OOL tokens on the ThunderCore network - 100,000,000 OOL. 70% of the total OOL is reserved for the community and the remaining 30% is reserved for teams and future partners / consultants.
The first priority - to create an innovative way of distributing the profits from the protocol. The next step - to provide more innovative financial products. Follow the news to be the first to take part in the next project.
Additional information about defi app
An introductory document has been published on the site. It contains a description of the site, features of work and a RoadMap with future updates.
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The smart contract doesn’t have an audit.
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