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/biz/ - Business & Finance

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23933388 No.23933388 [Reply] [Original]

FIRST EPOCH TOMORROW

BECOME A PART OF THE NEW ELITE

>How does it work?
The system works like this:
1. Liquidity providers add liquidity to the Saffron DAI pool
2. LPs receive two Saffron LP tokens for adding liquidity: principal and dsec
3. DAI added to the pool is locked until the epoch ends. LP tokens are regular ERC20 tokens and can be traded freely
4. At the end of the epoch, LPs redeem their LP tokens for interest+SFI and principal. dsec tokens are redeemable proportionally for interest+SFI and principal tokens are redeemable for the exact amount of DAI
As an example: if I own 150 principal tokens and 10% of the dsec tokens then I can redeem 150 DAI and 10% of the interest and SFI earned during the epoch.
Remember, the epoch begins at a fixed time and has a fixed length of two weeks, so if an LP enters 10 days into the epoch then they are only locked in for 4 days. However, their dsec value (calculated by multiplying dollar value by seconds remaining in the epoch) is much lower than anyone who became an LP earlier in the epoch.

SAFFRON.FINANCE

https://medium.com/saffron-finance

>> No.23933441

>>23933388
Epoch?

>> No.23933462
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23933462

>> No.23933504

>>23933388
Mmmm curry

>> No.23933700
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23933700

>>23933504
that some good smellin' curry fren. i didn't know andre and sbf were jeets...

>> No.23933715

>>23933700
I have seen him yesterday

>> No.23933789

>>23933388
Can I drop my college loans on this?

>> No.23934325

>>23933789
Probably

>>23933462
Cool pic
>>23933388
Kinda based

>> No.23934515

>>23933700
Pajeet.... Chad?

>> No.23934531

>>23933789
for sure

>> No.23934578
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23934578

>> No.23934605
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23934605

HOUSE FREMEN

>> No.23934668

>>23933388

>> No.23934671

Tell me more man

>> No.23934738
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23934738

>>23934671
rumor has it, a little bird will be dropping something soon...

>> No.23934768
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23934768

>>23933388
BASED

>> No.23934817
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23934817

>>23933388

>> No.23935074
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23935074

GUYS THE FUTURE IS GONNA BEAUTIFUL

>> No.23935082

>>23934817
mfw Cyberpunk 2077

>> No.23935151
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23935151

>>23933388
Tomorrow is a big day for
saffronfinance_
. 30k tokens of 100k are going into circ and will be listed on uniswap. Over $18M TVL for the first Epoch is amazing. $SFI (http://Saffron.Finance) is already prelisted on CMC. Go check it outThumbs up

>> No.23935231

>>23935151
Damn where i can buy it?

>> No.23935299

>>23935231

Have to stake your Dai apparently, that's how the first coins come into circulation, no presale's no nothing. 100% get minted from dai stake.

>> No.23935527

>>23933388
Can they steal my DAI from the pool?

>> No.23935739

>>23935527

It's unaudited, but the teams confident the contracts are unhackable, there next product there bringing out consists of complex code and the admin said it will require an audit.

Teams pretty based, i heard on this board Andre has worked or done some work on this. dunno the truth behind that.