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APY Backed by

Describing the Annual Percentage Yield backed by in detail.

As any token that came in circulation have to be backed with a liquidity, and more tokens can't just appear and have value, iDot Finance have implemented a solid mechanism that uses tax from trading volume to back the Proof of Hold Rewards (rebase rewards) when the supply of the BNB/IDOT pair is worth 2.5 percent of the total supply.
When the weekly Rebase Pool gains from trading volume and tax collected from it are greater than or equal to all the Holders Daily ROI, this mean that the Swap Threshold can fill the plus-value generated from the Rebase Rewards.
Weekly Rebase Pool ≥ Weekly ROI
If the weekly Rebase Pool gains from trading volume and tax collected from it are less than the weekly ROI of the holders, a portion of the Obsidium Capital Funds will be added to make up the difference.
Weekly Rebase Pool < Weekly ROI
Weekly Rebase Pool + Obsidium Capital Funds ≥ Weekly ROI
As a result, every iDot token holder benefits from a self-equalizing mechanism that promotes consistent high returns over time.
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APY Explanation

APY Formula

Last modified 9mo ago