GarudaSwap
Welcome to GARUDASWAP - The Next Generation Yield Farm & AMM on Binance Smart Chain. GARUDASWAP is run by a team of innovative and trusted developers with users' safety and fair is our 1st priority.
Introduction
About GarudaSwap
GarudaSwap is the 1st Next Generation Automatic Liquidity Acquisition yield farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features that let you earn and win for a long time.
🛡️Security first!
Main Features
Automatic Liquidity with 8% transaction reflection tax
Unlike other farms before, in GarudaSwap each transfer of GARUDA must pay a 8% transfer tax. The 7.04% transfer tax gets added back to the liquidity pool through the contract automatically. This will help to raise the GARUDA price floor continuously. And the liquidity will be locked and inaccessible.
This is an innovative feature of GARUDASWAP, combined with smart fee distributions model and Sky farm, this will encourage users to hold the token for long term benefits.
Automated Burning
As we have mentioned above, each transfer of GARUDA must pay a 8% transfer tax. The 7.04% transfer tax will be allocated to automatic liquidity acquisition. And the rest 0.96% transfer tax will be burned immediately. The whole process is automatic.
Harvest Lockup
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 GarudaSwap.
Anti Whale
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 GarudaSwap. As the total supply grows, this ratio will be reduced.
75% of 4% Deposit Fee Redistribution to GARUDA token holders
A 4% deposit fee will be charged when users enter staking on GarudaSwap, 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 3% deposit fee to GARUDA holders in Sky farms to encourage holding.
Referral Program
An on-chain referral program has been implemented to incentivize users to invite friends to join the farming. Inviters can earn 3% of his/her friends' earnings forever.
No Migrator Code
The migrator code in the MasterChef contract has been removed.
Timelock
Timelock added at launch.
Trading Incentive
We plan to add a trading incentive mechanism to our own AMM dex. Users can earn tokens by trading on GarudaSwap. But different from traditional trading mining, the rewards on GarudaSwap for trading can be different tokens like BNB, BTC, ETH... 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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