Farming Pair: sUSD/PAXE
A Bold Leap Forward
Last updated
A Bold Leap Forward
Last updated
Sakai-Peg USD (sUSD) is a token concept launched from the community consent of Sakai DAO proposal ID#6. The introduction of sUSD suggests users can experience better liquidity and faster daily rewards through the farming pool with strategic partner - PAXE. Nevertheless, users can also experience Restaking Program, which allows them to optimize their earning potential and actively participate in the growth of the ecosystem.
- Issuance: The sUSD token will be pegged to the total wallet balance in both V1 staking pool (Ratio 1:1 with total Points balance). It is important to note that the value of sUSD will be converted to Point value on the total claimable balance, so there is no fear of being affected by the SAKAI token price.
- Total Supply: Will be minted in an amount equal to the total claimable balance from V1 & V2 pools, with added airdrop marketing activities for users.
- Transferability: Users who have claimable balance will be able to claim the equivalent amount of sUSD to their wallet. sUSD can only be transferred to the user's own wallet & cannot be traded or transferred to others. Please note that 1 point = 1 sUSD.
E.g. If a user’s claimable balance is 24,000 points, they will receive 24,000 sUSD into their wallet.
- Usage: Users can pair sUSD in their wallet with strategic partner - PAXE tokens to join the Farming pool. After success farming, all farmed sUSD will be burnt.
Returns are expected to reach 200% with PAXE Dynamic APR System. The APR of Liquidity Farming will adjust dynamically, reflecting the current market conditions of the $PAXE price while safeguarding the stable liquidity within the farming pool for all participants.
The system calculates the anchor based on the dollar value and disburses PAXE token rewards accordingly.
sUSD tokens obtained from farming pair will be burnt.
Simultaneously, an equivalent paired number of PAXE tokens will be burned. Once a specific milestone is reached, the process will shift. Instead of burning, the $PAXE tokens will be redirected to the farming pool to enhance liquidity.
