Features of the Polars Platform
In previous articles, we reviewed the basic concept of polar tokens, got acquainted with the technical structure of the Polars platform, and learned how commission fees are distributed. We also introduced you to the POL governance token and the mechanisms for calculating rewards for user activity. In this article, we will talk about some of the advantages of the Polars platform and draw your attention to the platform’s distinctive features and its unique moments.
Multichain Platform Development
Polkadot — Ethereum — Binance Smart Chain
We are developing the Polars Protocol on several networks at once in order to provide our users with the advantages of different blockchains to achieve their personal goals. The native network of the protocol is the Ethereum, but given the specifics of the basic concept of polar tokens, we assume that in the near future, a significant part of the activity will take place in the Binance Smart Chain. Users want to make more transactions, many users are willing to trade small amounts, and with the current cost of GAS on the Ethereum network, active trading becomes impractical, which cannot be said about Binance Smart Chain. Low fees and high transaction speed, large community and high user activity make Binance Smart Chain a very suitable network for the Polars concept. The next networks on which the Polars platform will be launched will be Polkadot, Matic (Polygon), etc., or those networks that the Polars community will vote for.
Simple APP
Simple and familiar application interfaces that have a lot in common with Uniswap interfaces. Everything is intuitive. Buy, Sell, Add, Remove. Stake, Closed Eyes Claim. In the future, we plan to develop a unique interface that will be most convenient for our users, but first we plan to get feedback from active users in order to hit the target. In the meantime, we use the base to which we are all accustomed and it has become native for us.
Gamified Process
Polar tokens imply opposing teams and a constant competitive spirit. NFT technology and voting will add a thrill to the experience. Choose your favorite team and grow your capital. We will talk in more detail about all possible NFT mechanics in a separate article.
Real-World Events
The win or loss of one of the teams is influenced by the results of events from the real world. Online sports events, politics and exchange rates. Place your bets on those events in which you understand. In the future, as new types of polar tokens are added to the platform, the number of event options will increase. Users themselves will be able to form lists of events by voting.
Cumulative Price Impact
The standard volatility of polar tokens is 5% within a single event. Users can change volatility by voting. Each new event takes the final price of polar tokens from the previous event and uses it as the initial one, which has a cumulative effect on the price of a particular token from event to event. You can predict your path for many events ahead, increasing the cumulative effect of the victory of the selected teams.
Ideal token volatility
Every day, within the framework of specific polar tokens, from 5 to 15 events occur on the platform, which will allow changing the price of polar tokens up to 15 times a day. You know the time of price change, you know the amount of volatility, all that remains to make a forecast and take the right action.
No slippage Pool
Polars Protocol stands out for having a unique trading pool of liquidity for polar tokens (Secondary Pool). In this pool, users can buy polar tokens at fixed current spot prices without slippage. This allows you to not lose profit due to slippage and also creates many arbitrage opportunities in relation to all trading pools that have slippage.
No LP Risks
Under the Polars Protocol, the aggregate price of two polar tokens never decreases. Liquidity Providers that place liquidity of polar tokens in the Secondary Pool (No slippage pool) have no IL risks. How many tokens you put into the secondary pool, the same amount you get back, plus the liquidity provider fee.
Governance Tools
Influence the governance of the Polars Platform by voting with the governance token POL. Get POL through platform activities. Trade, Provide Liquidity, Vote.
Revenue share
30% of all commission on the Polars Platform is distributed among POL Holders. 20% of all commission goes to the Base Pool to increase the aggregate price of polar tokens. 50% of all commission is distributed among themselves by the Liquidity Providers.
Arbitration opportunities
In the trading pool and other third-party pools, the price of polar tokens is determined by market mechanisms. In a unique Secondary Pool, the price is fixed and depends on the results of specific events. After each event, the price of polar tokens in all trading pools comes in line with the fixed price of the Secondary Pool, creating permanent arbitrage opportunities.
Managed predictable risk
The standard volatility of polar tokens within a specific event is about 5%, which determines the size of the user’s risk. This is a much more moderate risk than standard trading or betting. You can develop a unique risk management strategy.
Polars
The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income.
