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ETHY is the powerful Ethereum Yield Agriculture Coin. ETHY’s smart-contract Vault executes strategies to maximize APY, reward holders, and punish weak hands.
Super Liquid
Users are incentivized to stake Uniswap liquidity provider tokens. The fees for these tokens are billed. A percentage of these fees go towards standalone strategies such as liquidating LP tokens and executing a repurchase (ETH-ETHY) (increasing the price). Any purchased ETHY tokens will be distributed to stakers / farmers.
Not inflationary
ETHY implements strong force on each token. Each time an ETHY token is transferred, a small commission is taken, which is returned to the farmers. This mechanism encourages detention and agriculture. There will never be more than 500k ETHY.
Community controlled
ETHY holders will be able to vote for proposals, provided they have wagered liquidity in the pools. The community will decide everything from developer fees and site design to the exact growing options available.
Tokenomics of Ethereum Yield (ETHY)
ETHY is Ethereum’s powerful agricultural yield coin. ETHY’s Vault smart contract executes strategies to maximize APY, reward holders, and punish weak hands. ETHY is also governance and utility (it provides access to all EVaults). ETHY is designed from the ground up to use all necessary means for the benefit of the cardholders. We think strong pumping is in the interest of all owners!
Quick overview
Token name: Ethereum Yield
Token symbol: ETHY
Characteristics: fixed supply (without minting)
Smart-Contract address: 0xd1afbccc9a2c2187ea544363b986ea0ab6ef08b5
Audit by CERTIK
Transaction fee (weak hand tax)
Weak hands are bad for everyone, so good coins must design to mitigate this activity. We have introduced an additional transaction fee, which serves two protective purposes: First, the fee reduces the prevalence of bots and discourages panic sellers who drive the price down by taxing them. Secondly, this quota is distributed to the farmers, rewarding them for the estate. This process is simply summarized as:
- EHTY charges a fee on token transfers
- Users can earn the share by farming
Holders can farm without infinite inflation as long as there are ETHY transactions.
Governance
ETHY has governance powers. Governance is currently centralized, however, once ETHY has been sufficiently distributed and the community can self-manage: whoever has blocked funds in the main ETHY-ETH Evault will be able to vote.
Do you want more information on Ethereum Yield (ETHY)? Visit our website and find out.
Website: https://ethereumyield.farm/ and https://docs.ethereumyield.farm
Twitter: https://twitter.com/EthereumYield
Telegram: https://t.me/ethereumyield
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