Fries will be one of the first projects to build the infrastructure required for yield optimizing strategies on the Binance Smart Chain. Similar to projects like yearn.finance, pickle.finance, and harvest.finance on Ethereum, we have started building out a community led foundation for yield optimizing strategies on BSC.
$FRIES 🍟holders will share in all rewards and fees accrued on the platform. Fries token holders will also have the option to participate in governance through staking $FRIES to get Ketchup 🍅($KHP) with a 1:100 ratio to start. Ketchup holders will not only have governance ability, but will allow users to earn extra $FRIES by participating as a “strong fry”.
Ketchup holders will be able to vote on all community led proposals for yield optimizing strategies, and all other governance related activities. The result of this will be a completely democratized community wanting the best for all fryers. The team themselves will have to submit proposals and vote on them with their own Ketchup. The ability to earn ketchup tokens will start after 420,000 blocks (~2 weeks) of farming $FRIES. More details to come about Fry Baskets and pools in the next few days. Through collaboration, we can achieve far more than any of us can achieve alone!