ETHY is Ethereum's powerful Yield farming coin. ETHY's vault smart-contract executes strategies to maximize APY, reward holders, and punish weak-hands.
Users are incentivised to stake Uniswap liquidity provider tokens. Fees from these tokens are farmed. A percentage of these fees goes toward the autonomous strategies like liquidating LP tokens, and performing an (ETH-ETHY) buy back (increasing the price). Any purchased ETHY tokens will be distributed to stakers/farmers.
ETHY implements a strong force on each token. Every time an ETHY token is transferred, a small fee is taken, which is returned to the farmers. This mechanism incentivises holding and farming. There will never be more than 500k ETHY.
ETHY holders will be able to vote on proposals– so long as they have staked liquidity in the pools. The community will decide everything from developer fees and site design to the exact farming options available.
The Tokenomics of Ethereum Yield (ETHY)
ETHY is Ethereum's powerful yield farming coin. ETHY's vault smart-contract executes strategies to maximize APY, reward holders, and Punish weak-hands. ETHY is also governance and a utility (providing access to all EVaults). ETHY is designed from the ground up use all means necessary to benefit holders. We think strong pumpementals is in the interest of all holders!
Token name: Ethereum Yield
Token Symbol: ETHY
Features: Fixed Supply (No Minting)
Smart-Contract address: 0xd1afbccc9a2c2187ea544363b986ea0ab6ef08b5
Audited by CERTIK
Transaction fee (Weak hand tax)
Weak hands hurt everybody, so good coins must design to mitigate this activity. We introduced an extra transaction fee, which serves two protective purposes: Firstly the fee reduces the prevalence of bots and discourages panic sellers who drive the price down, by taxing them. Secondly this fee is distributed to the farmers, rewarding them for holding. This process is simply summarized as:
- EHTY charges a fee on token transfers
- Users can earn the fee by farming
Holders are able to farm without infinite inflation, so long as there are ETHY transactions.
ETHY carries governance powers. Currently governance is centralized however, once ETHY has been sufficiently distributed and the community can run itself: those who have locked funds in the main ETHY-ETH Evault will be able vote.
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