Polaris Finance

Polaris Finance

Created using Figma
Created using Figma
We are team of experienced developers and we are looking forward to make the best algorithmic stable coin on Aurora blockchain. We will make everything we can to make our dream successful.
Polaris Finance is an algorithmic stable coin protocol pegged 1:1 to $NEAR on Aurora blockchain. Much like Basis Cash our protocol uses three tokens $POLAR, $SPOLAR and $PBOND to incentivize a stable 1:1 peg to $NEAR.
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About Polaris Finance

Welcome to Polaris Finance   Why Polaris Finance? We love the idea behind Algo coins and we want to create one stable, profitable and secure for Aurora blockchain to continue running as the fast, secure, and cost-effective blockchain we all know and love. $POLAR aims to become the primary utility token of the Aurora ecosystem, and the first step is its role in our planned launchpad. The selection, development, and deployment of the next generation of Aurora DeFi projects will be decided by those who hold $SPOLAR, $POLAR’s governance token. Getting Started   1. How do i get on Aurora blockchain? You need to add Aurora blockchain to Metamask and then bridge assets to Aurora blockchain. 2. Where i can swap tokens on Aurora blockchain? You can swap your tokens on Trisolaris. Trisolaris is one of the best exchanges on Aurora blockchain and also our project have liqudity for our pools there. 3. Where i can provide liquidity for Polaris Finance? Trisolaris 4. What's the easiest flow to follow for compounding rewards? The following is NOT FINANCIAL ADVICE. It is for education and entertainment purposes only. There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the "plug-and-play" method is detailed below. Also, take some profits along the way. Don't get too greedy. If $POLAR is OVER the peg:
  •   Buy $POLAR and pair it with $NEAR to provide liquidity, and stake your POLAR/NEAR LP in the Dawn to earn $SPOLAR rewards.
  •   Take your $SPOLAR rewards and stake them in the Sunrise to earn inflationary $POLAR rewards.
  •   Sell half of your earned $POLAR for $NEAR, and compound it back into the POLAR/NEAR LP.
  •   Profit!
If $POLAR is UNDER the peg:
  •   Buy $POLAR and exchange it for $PBOND. If you are LP'ing, you can break the LP to exchange $POLAR for $PBOND and use the remaining $NEAR to buy $POLAR to also exchange for $PBOND. Now you helped bring $POLAR back above peg so that the Sunrise can resume printing.
  •   Sell $PBOND for a redemption bonus once $POLAR is back over peg (above 1.1 TWAP).
  •   Profit.
5. What is 50/50? 50/50 is the method best suited to provide stability for both the platform and for your underlying investment. By boosting liquidity, the 50/50 strategy reduces price volatility, and helps $POLAR stay above the peg for longer to keep the Sunrise printing. This, in turn, attracts new investors and keeps the ecosystem growing.
  •   When you claim your $POLAR rewards in the Sunrise, sell 50% of them for $NEAR.
  •   When you go to provide POLAR/NEAR LP, stake the entirety of your remaining $POLAR with the $NEAR you've just purchased.
6. I'm in the project for the long term and I feel guilty taking profits. Am I still a team player if I move profits somewhere outside of the project? Never put all your funds in one basket, even if it's $POLAR. Always take gains along the way. The Polaris team views it as a success if, over time, everyone gets their initial investment back into their wallets and continues investing with the profits that come after that.   $POLAR token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $POLAR's peg to 1 $NEAR token in the long run. Note that $POLAR actively pegs via the algorithm, it does not mean it will be valued at 1 $NEAR all times as it is not collaterized . $POLAR is not to be confused for a crypto or fiat-backed stablecoin.


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