PolyZap Finance — a Decentralized Exchange (AMM) and Yield Farm on the Polygon Network — Recap
It’s a been a couple of days since our new project launched successfully — and thanks to the Polygon (Matic) Network high-speed and low transaction costs, we’re able to offer the community lightning fast trades and operations on our DEX and Yield Farm platform.
Read on to recap the PolyZap project, learn more about the launch features and future roadmap plans.
To highlight some key points for this exciting project:
- Intelligent Decentralized Exchange (AMM)
- Low Trading Fees (0.25% per Swap)
- Auto Slippage for PolyZap DEX Trades (where available)
- Fixed Token Supply (21M)
- Unique Burning Mechanisms
- Investor Protection Mechanisms
- On-Chain Referral
- Security — Timelock, Migration Code Removed
- Audits — Smart Contracts & AMM Code (TechRate, HashEx)
Decentralized Exchange (AMM)
We launched with our own Automated Market Maker (AMM), which is a type of decentralized exchange, or DEX for short.
The DEX is where you go to exchange or swap currencies and the intelligent AMM component then sets up the trade you. You will also lock liquidity at the DEX which will transact PolyZap LPs into your wallet. LPs can then be used to stake in the farms/ pools to earn PZAP.
There are a number of reasons why PolyZap having it’s own DEX is good for you, the investor:
- Our own AMM means liquidity is locked in the PolyZap Exchange, giving the Yield Farm independence and stability, once we have built enough liquidity (we need your help to achieve this goal!).
- Controlling our own liquidity, allows us to offer investors incentives and features that would not be possible otherwise.
- Auto Slippage is an innovative DEX feature we’ve added that automatically (where available) sets the slippage for a token, for easier trades.
- PZAP the PolyZap token will eventually be the governance token of the PolyZap protocol, and in the future holders will get a profit share of DEX fees.
Yield Farm Features
At launch, we will have a limited number of farm features available from day one. Then in the following weeks we’ll be launching additional features, following our roadmap.
- Zap Farms: stake the LP coins you already own in their respective Zap Farm and you will start earning PZAP with respect to the total farm’s staking balance.
- Zap Pools: stake the coins you already own in their respective cloud pool and you will start earning PZAP with respect to the total pool’s staking balance.
- King of Zap: a battle of the bids, there is a 10 minutes countdown timer which resets on the next bid. Each bid has to increase in value and the last person bidding takes the accumulated PZAP prize pool!
- On-Chain Referral Program: unique on-chain referral program that lets users earn PZAP, without depositing any tokens.
- Lottery: buy lottery tickets with PZAP to win big on the PolyZap Lottery.
- Wheel of Zap: bet on a color using PZAP and if you are lucky you win PZAP.
- Initial Farm Offerings (IFO): create partnerships, and bring more benefits for PolyZap investors and PZAP holders.
- Loss-Less Lottery: stake PZAP for a lottery ticket and get a chance to win the lottery pool, if you lose you can simply withdraw the staked PZAP — no losers, only winners!
- Auto Harvest and Compounding: let your PZAP do the hard work for you and earn some bigger bags, with less transactions saving you time and money.
- Investment Statistics Report: see a detailed breakdown of your investment / profits.
- And much more planned, that we cannot talk about yet!
PolyZap Finance — you can follow us on our official social media channels, to get the latest news and updates.