How to Farm
Farming fees
By introducing the simplified Auto Compound, the Swych team has designed an additional feature that tracks the weight/volume of every yielding farm. The code automatically sets and updates the distribution ratio based on the variation of the value kept in each farm, thus maintaining a fixed distribution.
ex. if the deposits raise, the interest is incremented. If the deposits decrease the interest is lowered.
To create revenue directly impacting the Swych Token and our ecosystem, the team coded the yielding farms with small taxes.
- Y%: Buyback and burn Swych Tokens
- Z%: Sent to Treasury
These farming fees are set to ensure the Swych Ecosystem has enough funds to continue running and developing without issue. Fees are also present to increase the amount of Buyback burns done.
The farming Fee % has not yet been determined, once closer to launch, more information will be updated to reflect the correct fees.
Last modified 2mo ago