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PlanetPlanetby0x7EF01F7b2eC092d2649D095f294a8AF46CC27F160x7EF0…7F16

Phantom Planet - Unique and one of a kind interest program

Voting ended almost 4 years agoSucceeded

This unique one of its kind room will differentiate Planet Finance from other DEFI sites.

The planet will give investors the option to achieve benefits from their token as if it is a tax related token like Safemoon - They will get airdrops of interest of their own token based on previous sellers of the vault.

This new planet will pay also UST not only from a specific token vault but also from all other vaults offered in the room that are different coins from your chosen coin .

Not only there is no need to pay Gamma as interest but also the interest will be paid from the same token you deposit in Vault.

Important note - the deposited funds in the room will be counted as collateral.

In addition 30% of the interest will go towards burning/reproduce Aqua and Gamma

The room will contain vaults of assets that are different from other room in PF.

The idea is that each depositor in the vault benefit from people who withdraw from the vault before him.

Withdrawing from vault has different withdrawal fees:

instant - 10% withdrawal fee after 7 days - 7% withdrawal fee after 14 days 4% withdrawal fee after 21 days 1% withdrawal fee

Based on the above fees a 'clock meter' between 1-10% will adjust the exact fee the investor pays for withdrawing from the Vault.

The incentive to deposit in the vault is an immediate profit from anybody who withdraw from the vault before you.

Since everybody has a different target they wish to sell their chosen token 10X target will earn money from previous sellers at 5X 7X... that will benefit from a previous seller of 3X 2X and so on.

50% of the fees will be shared within the token as an interest given to the depositor from the same token he or she invests.

20% of the fee will go towards a jackpot pool in UST that will be shared between all the assets depositors and not just specifically within your own token so each depositor earn also money in UST in as an additional interest.

as previously mentioned 30% will go towards burning aqua and gamma.

It is a patience game and no Gamme is required as an incentive making it a unique program that can go to a very large extent of tokens due to the fact there is no need of Gamme to pay the depositors.

I believe this unique program will differentiate PF and create a lot of profit to depositors and the site and to all of us holders of Gamme and Aqua from the burning

Off-Chain Vote

Yes
4.9K 9.8%
No
45.17K 90.2%
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Timeline

Mar 23, 2022Proposal created
Mar 23, 2022Proposal vote started
Mar 31, 2022Proposal vote ended
Oct 26, 2023Proposal updated