About Polycat Finance
Polycat Finance is a value-oriented, economically sustainable hybrid yield aggregator on Polygon. They have a unique burning mechanism that ensures continual burning of the supply, a “Burning Vault”: they stake deposit fees from the farms & pools and they use 100% of those yields to continually burn FISH. They also burn 5% of the profits of all of other vaults. With a maximum supply of 3 million, the token is expected to reach it by ~August 2021. They plan to make FISH a governance token, and they also will reward FISH holders 5% of vaults’ profits instead of burning FISH when they reach the max supply.
Project Neutrino Facts
|Defi Coin Name||Polycat Finance|
|Circulating Supply||354,513,047.47 USDN|
|Explore||Click Here To Visit Explore|
|Chat Option||Click Here To Visit Chat|
|Official Website||Click Here To Visit|
How to take part
- Buy FISH and USDC
- While the sale is live, commit your FISH and USDC to buy the IFO tokens
- USDC will be used to buy the token, while FISH will be burned.
- Claim the tokens you purchased, along with any unspent funds.
With transaction fees being less than a fraction of a penny, The Polygon (Previously Matic) network gained a lot of traction in the past few weeks, a surge in the price of $Matic of 250x YTD sprung the development of an ecosystem that is growing insanely fast.
Every day dozens of new projects deploy on Polygon pushing the TVL to new highs, it’s a new island, super cheap, fast, and early settlers will get handsomely rewarded.
There is a 4% deposit fee on these pools (except their native $FISH pool), 50% of these fees will be locked in the burning vault and all earnings from this vault will be used to buy back and burn $FISH exerting an everlasting buying pressure on the $FISH price.
The 70M TVL created over 1.5M locked in the first burning vault and if we assume 150% APY generated, the pool will be buying back $7500 worth of $FISH every day forever, the pool is also denominated in ETH-MATIC so any appreciation in price would grow the pool and its APY.
High Yield Opportunities
In this article, they are going to explore one of the best high yield opportunities currently available on Matic, Polycat Finance, relatively safe, have good devs, and been around delivering new code for some time now, although you should DYOR I’ll provide you with an overview on the yields, tokenomics, and links to read more about this project.
Auto-compounding your yields to grow your deposit. There is only a 0.1% withdrawal fee on non-FISH vaults. 100% of the Burning Vault(s) earnings are used to buyback FISH. 5% of the earnings of all other vaults are used to buyback FISH. FISH is then burned on every compound. The vaults auto-compound once per minute.
Polycat Finance Referral Program
The live Polycat Finance price today is $40.56 USD with a 24-hour trading volume of $419,955 USD. Polycat Finance is up 6.08% in the last 24 hours. The current CoinMarketCap ranking is #2990, with a live market cap of not available. The circulating supply is not available and a max. supply of 3,000,000 FISH coins.
Want to launch your own IFO?
Launch your project with Polycat, Polygon’s biggest yield farm and aggregator, to bring your token directly to the most active and rapidly growing community on Polygon