Announcing Volcano Yield Farming Audits report and Quillhash partnership
The audits reports for the NFT based Volcano Yield Farming is now completed and made public by audit partners Quillhash here : https://github.com/Quillhash/Audit_Reports/blob/master/KitteFight%20Audit%20Report%20-%20QuillAudits.pdf.pdf. The reports comes right in time for the kick off of the Yield farming program scheduled to run for 6 months starting November 7th, 2020. The Volcano yield farming program is a temporary measure to ensure liquidity an market activity right before the KittieFIGHT protocol launch in a few weeks in december 2020.
Volcano Yield Farming Program Overview
The Kittiefight Volcano is a smart faucet that incentivizes on-chain liquidity. Users can then receive more KTY utility tokens and SDAO for providing KTY and WETH, ANT, yDAI,yYFI, yyCRV, yaLink, aLend, aSNX, yETH, aYfi , 2key, GNO, yETH, UNI and SDAO token pairs liquidity on Uniswap. 7% (or 7,000,000 ) of the total fixed KTY token supply and 7% (or 7,000,000 ) of the total fixed SDAO token supply is allocated to the 6 month program duration. 10% (700,000 KTY & 700,000 SDAO) out of the program allocations are auto awarded to yield farmers who participate within the first 21 days of the volcano program launch, and as long as they continue till the end of the program duration.
Yield farmers are free to unstake collateral at any time, but only eligible to withdraw yield as long as participation time exceeds a minimum of 1 month schedule with the program schedule. The allocated KTY and SDAO tokens in the Volcano unlocks gradually over time each month and yield farmers receive share of the unlocked KTY and SDAO tokens over time for a duration of 6 months.
VOLCIE NFT Token
Yield farmers positions can now also be tokenized and sold for their future value now, thanks to the new VOLCIE NFT token initiative of the Volcano yield farming program. VOLCIE can be sold for its “Future Value” in reward earnings on a secondary marketplace like opensea: For example; imagine that you could sell Volcie which is worth 10 ETH today, instead for 100 ETH or 200 ETH now. The price appreciation represents it future value based on guaranteed projected reward earnings in the position.
Alternately, Liquidity providers may choose to hold on to the VOLCIE while accumulating monthly rewards until they decide to burn the VOLCIE to retrieve original Liquidity tokens deposited together with earned rewards . Either way the transferability of NFT’s representing earning positions, create a secondary speculative market sure to put more demand pressure on the yield farming program and make a lot of happy trader.
Volcano Program Details
- Volcano Mainnet Launch: November 7th, 2020
- Contracts: https://github.com/kittiefight/yieldFarming
- Contract audits: https://github.com/Quillhash/Audit_Reports/blob/master/KitteFight%20Audit%20Report%20-%20QuillAudits.pdf.pdf
- KTY Total Supply: 100,000,000 KTY
- Available Circulating Supply: < 500,000 KTY
- Distribution: 7% KTY and 7% SDAO Governance tokens distribution to early supporters via yield farming : https://www.kittiefight.io/about/kty-dao-token
- Kittienomics : https://www.kittiefight.io/about/kty-tokenomics
- Volcano Yield farming program : https://www.kittiefight.io/yield-farming
- Volcano Yield farming program tutorial : https://blog.superdao.io/tutorial-how-to-stake-uniswap-liquidity-pool-tokens-in-the-volcano-yield-farming-program-16d5d4fdca66
- Website : https://www.kittiefight.io
Join us
The Ethereum mainnet launch have been rescheduled for the late parts of 2020 December. KittieFIGHT and DAO deployment plans are to be deployed with stringent restrictions and ultra low limits on amounts allowed within the KittieFIGHT system pending full system audits. KittieFIGHT ; the first viable dapp which will will directly provide staking yields back to the DAO token holders is now open-sourced and more documentation around the system will be provided. Expect more frequent developments and updates.
