AutoShark AMM/DEX

1. First AMM with WBNB dividends distribution

An example: With $10,000,000 daily trading volume, we generate $10,000 in dividends for $FINS holders daily (~$3.65m yearly). $5,000 in divdends for $JAWS holders daily (~$1.8m yearly)
We store these BNB rewards as FINS-WBNB LP to achieve 2 things:
  1. 1.
    Constant rising price floor
  2. 2.
    Embrace impermanent loss β€” If the value of FINS tokens increases, our WBNB rewards are sufficiently hedged to also increase as $FINS token value increases
  3. 3.
    Growing Liquidity β€” As the value of the LP grows day by day, we are less affected by huge dumps that might occur during dips
The above factors ensure that the value of $FINS tokens will only seek to trigger a virtuous cycle where $FINS token value increases in the mid to long term.

2. First AMM with gamified NFT ecosystem to boost farming rewards.

The AutoShark team will strictly regulate the supply of new NFT launches, where these NFTs have utility in boosting farming rewards, not only in the Yield-Optimizer ($JAWS) ecosystem but also in the AMM & DEX ($FINS) ecosystem.
Users will be able to equip NFTs in farms to boost farming rewards with NFTs. This inflationary pressure is counteracted as proceeds from the sales of NFTs will go towards buybacks-and-burns of both $JAWS and $FINS.

3. Trade mining to promote trades

By providing fee rebates of up to 100%, we essentially ensure free trade for everyone.
With zero-cost trading, volume is incentivized, which, in turn, increases dividends for distribution to all $FINS holders. The entire ecosystem will benefit from users who are looking to swap their assets, even if they do not purchase our native tokens.

4. Unique farm white-listing feature

To protect the AutoShark ecosystem from constant sell pressure, the AutoShark team will only white-list selected partners to vault our farms (for auto-compounding). Yield optimizers constantly dump emissions to be converted in LP holdings and hence only AutoShark itself ($JAWS), will be allowed to auto-compound for ($FINS) at the beginning.
AutoShark Vaults built on the SharkFINS AMM will take a reduced performance fee of 15% to reduce sell pressure on the $FINS token, whilst generating sizeable trading volume to fuel dividends growth. Our goal would be to achieve a self-sustaining economy between both $JAWS and $FINS holders.
When the SharkFINS AMM DEX becomes large enough in terms of volume and the native tokens have achieved a certain targeted MarketCap, the AutoShark team will remove the white-listing feature, allowing other projects to build on our farming ecosystem, and we expect to hit explosive growth from there!

Trading fees

AutoShark has an automated market maker (AMM) product that allows a user to exchange two tokens on the Binance Smart Chain network. The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn FINS tokens in the "Farms".
When a user makes a token swap (trade) on the exchange, a trading fee of 0.3% will be charged, which is broken down in the following way:
  • 0.10% is returned to liquidity providers in the form of a fee reward
  • 0.20% is used to buyback FINS and form FINS-BNB LPs to be distributed as dividends
You can get free $FINS as a reward for every trade, which essentially ensures 0 cost trades!

Emission Rates in Farms

JAWS: 0.5 per block FINS: 5 per block
Last modified 2mo ago