Hello again, everyone! Since our launch 5 days ago, we have been hard at work starting to build out the PolyWoof DeFi ecosystem. We’re kicking it off with the launch of our own yield-farming protocol, together with a new token, $TREAT, which will be distributed as a farming reward!
PolyWoof’s $TREAT token
$TREAT is the second token in the PolyWoof ecosystem. It is minted every block and distributed as a farming reward by the MasterChef contract in our yield-farming protocol!
Unlike $PWOOF which is deflationary, $TREAT is an inflationary token with an unlimited supply, and an emission rate of 0.5 $TREAT per block.
$TREAT will be supported by constant buybacks and burns, as well as demand for its high APY in our staking pools. Buybacks will be funded by deposit fees accrued from our yield farms, as well as the various products we’ll be building over time.
The infographic below has useful information on the purpose of both $TREAT and $PWOOF within the PolyWoof ecosystem:
We have stealth-launched $TREAT on QuickSwap with a small amount of TREAT and USDC to kickstart the liquidity pool. Initial liquidity is 100 TREAT : 100 USDC.
You can buy $TREAT here: https://quickswap.exchange/#/swap?outputCurrency=0x2Fb82ed803aaFFe3491465C04a22717D8e3105E2
PolyWoof Yield-Farming on Polygon
Now you can farm with PolyWoof. Put your single assets to work without worrying about impermanent loss! Stake TREAT, PWOOF, WMATIC, WETH, WBTC, QUICK, USDC and DAI in our staking pools to earn $TREAT.
All staking pools have a deposit fee of 4%, except for the PWOOF pool and farm (2% fee) and TREAT pool and farm (No fee).
- 50% of deposit fees will be used to buyback and burn $TREAT.
- 50% of deposit fees will go towards continued development of the PolyWoof ecosystem.
We’ll be adding more pools in the future, with plans to allow other projects to create their pools for their own tokens by buying and burning $TREAT!
Farming rewards will start being distributed in about 48 hours from now.
Countdown to $TREAT farming: https://polygonscan.com/block/countdown/15723142
Our website will be updated soon.
Road ahead
The PolyWoof yield farm is the first product in on our roadmap, with more to come. Here’s a sneak peek at some things we have planned:
- PolyWoof DAO and Governance platform
- Community staking pools
- The “WoofBoard”
Join our Telegram group for the latest updates!
Website: https://polywoof.finance
Telegram: https://t.me/polywoof
Twitter: https://twitter.com/polywoof_token
Buy $PWOOF: https://quickswap.exchange/#/swap?outputCurrency=0xC72Df6e4a53A2F1055F06aFd8d4DF0973fB10998
Buy $TREAT: https://quickswap.exchange/#/swap?outputCurrency=0x2Fb82ed803aaFFe3491465C04a22717D8e3105E2
