QUAM Network Farming
Farm & lock, burn and staking detailed information
The farming rewards come from the farming reserve.
We managed to find an optimised and at the same time very unique solution to blend the already well known “one side burn” and “market buy” altogether.
💹 QUAM TOKEN MECHANICS
- High APY first 7 days, 25% of the rewards during those 7 days are unlocked (during these days, 36 QUAM/block — 3s/block will be rewarding farmers and stakers).
- Two weeks after the high APY period, the rest of the rewards start to get unlocked gradually over a 30 day period.
- Rewards created after the HIGH APY period are not locked (after High APY period, 6 QUAM/block will be rewarding farmers and stakers).
↪️ LIQUIDITY WITHDRAWAL
BUY BACK AND BURN
In order to sell QUAM, users must withdraw liquidity. However they would be reclutant to withdraw liquidity as they would lose 20% of the liquidity, which will basically raise quam price based on a market buy mechanism.
- Whenever users withdraw liquidity from the farming, they only receive 80% of the liquidity.
- The remaining 20% will be used to market buy QUAM. Half of the bought QUAM will be burned forever while half will be sent to the user.
Example:
BNB-QUAM liquidity pool.
The user has 100 LP Tokens.
When the user withdraws:
1. 20 LP is burnt to withdraw liquidity from the BNB-QUAM pool
2. From the BNB and QUAM tokens withdrawn, the BNB is used for market buying QUAM
3. 50% of the total QUAM (from the liquidity removal and the market buy) is burnt, the other 50% is sent back to the user
4. 80 LP is sent back to the user
✅ QUAM SINGLE ASSET STAKING
Users can deposit their QUAM and stake without being exposed to impermanent loss.
Users can auto compound their QUAM rewards to gain a bigger stake.
*There is no deposit fee on QUAM staking.
**There is a 2% burn when unstaking.
🔜 UPCOMING FEATURES (Work in progress)
SINGLE ASSET POOLS — BUSD, CAKE (TBA)
(10% Auto LP ZAP)
BUSD, CAKE single asset pools will have a 10% Auto ZAP mechanism.
When depositing a single asset, 10% of the asset will be used to auto market buy QUAM and BNB, which will be ZAP-ed (paired and added to the liquidity pool) The LP token will be sent to the user.
This mechanism will allow constant QUAM price floor increase and increase of the Liquidity pool size.
🔗QUAM NETWORK LINKS
🐦 Twitter: https://twitter.com/quamnetwork?s=09
🗣️ Telegram group: https://T.me/quamnetwork
🖥️ Website: https://quamnetwork.com/
📄 Medium: quamnetwork.medium.com
