Booster

Booster

Created using Figma
Created using Figma
Booster hopes to solve a series of problems in the current DeFi ecosystem and hopes that users' assets can be increased in a more convenient way. Booster will become a one-stop service platform, where users can complete a series of DeFi actions such as deposits, borrowing, and leveraged mining.
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  • Market
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    Volume 24H
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    24H (volume)
  • CREX24
    BOO/BTC 2 one year ago
    $ 0.0985
    $ 302.66
    11.44%
    27.44%
To be announced
Token Details
Total supply
100000000
Additional Details
Categories
Platform

About Booster

The open contract integrating center provides standardized integrating schemes, which can be quickly integrated with the public blockchain infrastructure to achieve data series and transaction series between the infrastructure settings, so that Booster has the maximum expansibility and can continuously enhance competitiveness in subsequent development.

  1. Booster Fund Pool Bootser will set up a fund pool in a top loan project in the public blockchain for leveraged mining users to raise funds. Users who deposit assets in the Booster fund pool can get rewards for diploid-yield mining, namely Booster platform coins and loan platform coins. The Booster fund pool will share depth with multiple head loans to meet the users' demands for deposit and loan as much as possible.

  2. Booster Mining Pool Library Booster will be integrated with the mining pools of popular projects for re-investment and mining. The project screening must be satisfied (open source code, full contract validation, audit by well-known institutions, and depth of fund pools). Booster will also be integrated with more types of mining pools to find high-quality users, such as third-party vaults and aggregated asset platforms. To ensure the flexibility and scale of mining, Booster will also cooperate with third-party vaults to implement quick layout through the existing mining pools of the vaults.

  3. Booster Data Center Booster data center will be integrated with more DEXs to obtain the transaction price and carry out transactions to meet the transaction needs of different currencies and seek favorable prices. It also obtains data information on current projects, DEX and borrowing and lending through a combination with aggregate data platform, and optimizes the transaction through a combination with data, so as to achieve the optimal transaction, improve the revenue for users and reduce risks.

Revenue Nucleus  
  1. Leveraged Mining Leveraged mining means that users need to obtain the rights to allocate the funds through the mortgage margin. With the functions of leverage and automatic re-investment, users can get higher APY mining revenue. Booster supports up to 10 times of leverage. Users who have high revenue also need to bear corresponding risks. If the margin of an order cannot meet the platform transaction fee and fund allocation rate, the risk control conditions will be triggered to enter the risk control center for liquidation of the order.

  2. Revenue Aggregator In accordance with its design philosophy, Booster is an open platform that is integrated with upstream and downstream partners through the contract nucleus to draw together more valuable partners to achieve win-win cooperation. Loan platform coins and Booster platform coin subsidies can be obtained in the process of deposit and loan through the fund pool, Booster platform coins can be obtained in the process of fund allocation leverage mining, mining pool tokens can be obtained when mining pools are connected for mining, and vault tokens and project tokens can be obtained when vault projects are connected.

Risk Control Nucleus  

When there are violent fluctuations in prices and the user's margin cannot pay off the (1+N)% of platform transaction fee + deposit interest of the users, the repayment liquidation will be triggered. A hunter will help the user with repayment, and get aN% of the margin as the gain. The remaining (1-a)N% will be put into the risk margin pool.

  1. Liquidation Center When the retention rate of user margin is not sufficient to support the comprehensive transaction fee of the platform, the order will be delivered to the liquidation center of the risk control nucleus to wait for the liquidation to be triggered by a hunter. The hunter will repay the loans and platform transaction fee of the order, the order of the leveraged user will be subjected to forced liquidation, and aN% of the remaining margin will be awarded to the hunter.

  2. Risk margin When there are violent fluctuations in prices, the risk margin will be used to make up for the loss of deposit users caused by overloss. That is, when there is overloss of an order, and the reserved margin of the user cannot pay off the loan principal, the Booster risk control center will withdraw the corresponding funds from the risk margin through contracts to protect the rights and interests of deposit users.

Cross-chain Nucleus  

 

Booster will take a multi-chain deployment approach to achieve cross-chain leveraged mining, break the barriers of the public blockchain, and realize cross-chain asset mining. By the integration with the borrowing and lending of each public blockchain, project mining pool and DEX, users can easily achieve cross-chain mining.

Activity

Members:
42 495
VERY HIGH
30 Days Growth:
-5701
Year commits:
41
Watchers:
1
Stars:
8
Forks:
6
Open issues:
2
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Ticker:
BOO
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