MM Finance is proud to announce that we will be the 1st DEX on Cronos Chain to be launching a launchpad project! We did it before any DEX/AMM on Cronos Chain! ✅
The launch of MM Optimizer is our next step in our roadmap to be the dominant platform in the defi space. We started from a AMM/DEX and now, we will once again conquer another sector of the defi space on Cronos Chain.
Introducing, MM Optimizer — Defi yield farming aggregator on the Cronos Chain! MM Optimizer will be the MAIN farming aggregator for MM Finance. Stake $MMO tokens, Earn $CRO (we are also the first token on Cronos Chain that rewards users in the form of $CRO for staking native tokens).
What’s the difference between MM.Finance and other yield farms?
We have an “anti-dump” feature. How does it work? As we all know, most yield farms can be interacted against by other smart contracts. This opens up a world for other large auto-compounding platforms to allow their users to stake for example CRO-USDC to gain MMF. They then dump these rewards to from CRO-USDC. This has a negative impact on price action over time.
Hence, we have enabled a feature to only allow white-listed smart contracts to interact with our masterchef. This prevents other platforms from selling our token to hurt the price of MMF. MM Optimizer will cause 0 selling pressure on MMF tokens because it is a maximizer focused vault!
Launchpad Details
Start: 25th December, 4am UTC
End: 26th December 4am UTC
Launching on https://mm.finance/launchpad
Sales duration: 24 hours
Token for sale: 625,000 MMO
Tokens minted: 625,000 (for sale) + 187,500 (div pool) + 93,750 (initial liquidity forming) + 93,750 (for MMF > MMO pool) = 1,000,000 MMO
Amount to be raised: $2,500,000 raise in MMF/CRO LP*
50% — $1,250,000 MMF will be burnt
30% — used to form dividend pool for MMO stakers
15% — used to form initial liquidity
2.5% — marketing fund
2.5% — development fund
*The main reason we are raising it via MMF/CRO LPs is simply because we want to incentivize MMF holders and especially those providing liquidity. At the same time, we are able to burn MMF token permanently, reducing the supply of MMF
In the “Overflow” method, users can subscribe as much or as little as they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends.
The excess funds committed will be refunded back to the users after the sale. They will be able to claim both their new tokens and unused tokens after the sale has ended.
What is an Yield Optimizer?
TLDR: You might have heard of Pancakebunny and Pancakeswap.
Pancakebunny is an yield optimizer built on top of Pancakeswap for users to auto-compound their rewards and receive optimal yields.
In return, Pancakebunny charge a 30% performance fees on the profits and provide equivalent or more amount back in the form of their native token BUNNY.
Similar to our yield optimizer, we will be rewarding users with equivalent or more amount back in the form of MMO tokens, therefore, users will ALWAYS get the best yields when staking with us on our vaults.
All of the 30% performance fees that we have collected will be distributed to holders who stake their MMO in our pool.
Read more about MM Optimizer: https://mmfinance.gitbook.io/optimizer/
Tokenomics of $MMO
The MMO token doesn’t have a max supply. For every 1 CRO earned in the performance fees, 0.25 MMO is minted, so supply is not capped at the moment. We may establish new strategies to limit the cap or burn some tokens, however currently we are focused on the growth of the MMO token. You can earn MMO by using the farms, or you can buy MMO on MM Finance once we established liquidity on MMF.
Staking MMO tokens allow you to receive the 30% performance fees that is being charged on the platform. 100% of the performance fees collected will be redistributed back to MMO token holders. You can expect a high APR for single staking MMO tokens!
Yes, you can stake MMO to earn CRO. We are the first platform on CRONOS chain where you can earn CRO. How mad is that? #GETMAD
How will a Yield Optimizer benefit the MM.Finance AMM/DEX?
There are many reasons why we decided to build an Yield Optimizer on top of our current Dex:
1) Allow users to enjoy increased rewards through optimal compounding up to 24x a day
2) Allow users to save on gas fees because we auto-compound their profits for them
3) Increase yields for users via the additional MMO tokens that will be issued when they stake on our yield optimizer platform
4) Increase the stickiness of users on our platform > prevent selling of MMF tokens everytime they harvest
5) We will also yield optimize other AMM/DEX as well and this will increase exposure for the entire MadMeerkat ecosystem.
Read more about MM Optimizer: https://mmfinance.gitbook.io/optimizer/
Follow us
Twitter: https://twitter.com/MMFcrypto
Telegram Group: https://t.me/MMFcrypto
Announcement Channel: https://t.me/MMFann
Price Channel: https://t.me/MMFPrice
Website: http://mm.finance/
Medium: https://medium.com/@MMFinance
