💸DeFi
This page outlines our planned DeFi activities.
Liquidity Provision Allocation
Total Allocation: 28% of the $SIN supply is reserved for liquidity provision and related initiatives, divided as follows:
SIN-wNEAR Pair
A Liquidity Pool has been created on Ref Finance after the Public Sale on Meme Cooking ends
Primary Liquidity: 20% of the $SIN supply is allocated for the SIN-wNEAR pair via Meme Cooking
Liquidity Support: We will allocate $NEAR for additional liquidity if needed
Additional Pairs
Reserved Allocation: 8% of the $SIN supply is set aside for additional token pairs.
Community Input: The community will be involved in determining which token pairs to allocate this supply to, based on project discussions as it progresses. Voting will take place in the DAO.
Farming Rewards
Total Allocation: 5% of the $SIN supply is allocated for farming rewards.
Distribution Phases: These rewards will be distributed in 3 phases, initially starting with the SIN-wNEAR pair and potentially expanding to other pairs based on community discussions.
Season One is planned for December 13th 2024 read all the details here
Burn Fund
Burn Events: 2% of the $SIN supply is allocated to the Burn Fund, which will be used for scheduled token burn events aimed at reducing the circulating supply and increasing token value.
Buy-Back Program (Planned)
Future Buy-Backs: The project aims to implement a token buy-back program where a portion of the project’s revenue will be used to buy back $SIN and burn it, further reducing the circulating supply over time.
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