Introducing xPOL Token by xPOLKA DeFi
Quick take: xPOL token is extremely limited in supply, getting even scarcer by burning 4% token when user integrating with smart contract. Yield farming designed to maximize earning with multiple rewards including USDT stable token. This is a must have token in your DeFi portfolio.
xPOL is a deflationary token that is designed to maximize yield farming, while the protocol builds a vault with locked liquidity, and 90% of all yields from liquidity mining will be used to buy back xPOL on active Uniswap market, and pay the reward on xPOL tokens. xPOL token is extremely limited in supply. Yield farming designed to maximize earning with multiple rewards including USDT stable token.
Recently, xPOLKA published a lightpaper to describe their features, here I’m putting it to give it more exposure.
Abstract
This paper explores some crucial parts of decentralized finance and the role of the xPOL token in the industry to bet the challenges to provide cutting-edge solutions in the industry by providing high-quality DeFi services. Decentralized finance reshaping the current financial system while xPOL sees a lot of room to improve in the DeFi field.
xPolka.Finance is a leading pioneer in decentralized finance (aka DeFi) for the yield farming & lending industry. xPolka has been projected as a billion-dollar market cap by 2021.
Introduction
The xPolka is a yield farming service that offers multiple rewards at a time including USDT stable rewards. It has a governance system that gives full control to the community. Those who stake governance token are rewarded for contributing to the success of the project. It’s a dual token economy and multiple reward mechanisms make it more flexible and attractive. xPOL synergizing with yPOL while adding greater value to the community by having fewer maximum supply in both cases.
From now onwards, xPOL is not only a token, it represents the whole xPolkaDeFi protocol in this paper
WHAT IS xPOLKA
xPolka is a next-generation yield farming service that provides trustless vault options to make essential staking, locking for both individual and enterprise. It’s being built in a ready environment to migrate in future possibilities to improve the service. It’s a complete solution for your decentralized financial investment at your fingertip. It connects with all the leading DeFi protocol to bring freedom and never limits your reach.
xPolka features as follows
Yield Farming
Dual token economy
Multiple reward mechanism
Uniswap aggregator
NFT Insurance
Governance
Lending/Borrowing
Non-inflationary security
Yield Farming
xPolka offers multiple farming rewards including USDT stable token. Farming with LP token will return a guaranteed 100% to 600% APY reward at ETH/xPOL LP. While other LP pairs can give even higher rewards such as USDT/xPOL LP. Adding liquidity to USDT/xPOL and ETH/xPOL pair earns yPOL as well as xPolka reward.
Staking xPOL earns USDT and additional rewards in YFI & UNI token.
Additional rewards are subject to availability. xPolka takes 5% of funds from the presale and purchase UNI token and distributes among yPOL stakes. When it’s in the market, it takes 5% from the liquidity pool (or community fund), then buys YFI in the open market and distributes it to the yPOL stakes. This way, both xPolka and yPOL token holds the ultimate high value.
xPolka Token
Token Name — xPOL
Total supply — 10,000,000
Burn rate — 4%
Decimals — 18
Contract — https://etherscan.io/token/0xf7c643589e487b3cebb882a6339517271e1d9a39
Uniswap aggregator
xPolka introducing its own aggregator for uniswap open market with limited selective pairs. It will allow only pairs with xPOL tokens to instantly exchange on their own platform. One exception is ETH/USDT pair.
More pairs can be added later by community voting.
Uniswap Liquidity
xPOL will add locked liquidity for 365 days with the option to extend by community votes. The vault is designed to make long term economic success for xPolka investors. The liquidity amount depends on the raised funds. It will use 90% of its funds from the presale in the ETH/xPOL, USDT/xPOL pairs.
Official website — https://xpolka.finance/
Official swap — https://swap.xpolka.finance/#/swap
Twitter — https://twitter.com/xpolka_finance
Telegram Channel — https://t.me/xPOLKA
Telegram Chat — https://t.me/xPOLKA_ANN
Medium — https://xpolka.medium.com/
