PolyLion is the 1st Next Generation Automatic Liquidity (Safemoon-like mechanism) Acquisition yield farm and AMM decentralized exchange running on Polygon Network with lots of unique and creative features that let you earn and win for a long time.
Unlike other farms before, in PolyLion each transfer of LION must pay a 5% transfer tax. The 4.5% transfer tax gets added back to the liquidity pool through the contract automatically. This will help to raise the LION price floor continuously. And the liquidity will be inaccessible. The other 0.5% is burn permanently to make $LION rarer after each transaction.
This is an innovative feature of POLYLION, combined with smart fee distributions model and Mountain farm, this will encourage users to hold the token for long term benefits.
As we have mentioned above, each transfer of LION must pay a 5% transfer tax. The 0.5% transfer tax will be allocated to automatic liquidity acquisition. And the rest 4.5% transfer tax will be burned immediately. The whole process is automatic.
Harvest Lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping like other farms before PolyLion.
Transfer more than 0.5% of the total supply will be rejected. So a big whale cannot dump the price immediately like other farms before PolyLion. As the total supply grows, this ratio will be reduced.
A 4% deposit fee will be charged when users enter staking on PolyLion, but unlike other yield farms, we don't plan to use the deposit fee to buy back and burn. It's a waste of money. Instead, we will redistribute the 2% deposit fee to LION holders in Mountain farms to encourage holding.
An on-chain referral program has been implemented to incentivize users to invite friends to join the farming. Inviters can earn 10% of his/her friends' earnings and this percentage can be changed at anytime.
The migrator code in the MasterChef contract has been removed.
Timelock added at launch.
We plan to add a trading incentive mechanism to our own AMM dex. Users can earn tokens by trading on PolyLion. But different from traditional trading mining, the rewards on PolyLion for trading can be different tokens like MATIC, WBTC, WETH... Other projects can provide their own tokens as rewards for specified trading pairs. More details about it will be published later.
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