MoneyTime Finance - A new approach to sustainable yield farming.

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June 27, 2021

In conclusion

It is no secret that the Binance Smart Chain (BSC) has blown up recently. With over 80 million unique wallets this fast-growing network is here to stay. The Ethereum network marginalised the everyday user with the ridiculously high gas fees which resulted in a whales playground.

The Binance Smart Chain came to save the day and made DeFi great again. This opened the door to so many people around the world and allowed them to partake in the fun with low fees and very quick transaction times.

There is a very glaringly obvious issue with BSC though… a large amount of copy + paste projects out there has created a minefield of rug pulls and unsustainable yield farms.

With these yield farms a few things usually happen:

  1. The yield farms rewards are low and don’t attract a lot of capital. In this case, the total value locked (TVL) stays low and this then reflects in the price of the native token.
  2. People see a decline in activity, TVL and price and proceed to leave the platform. Once this happens it is very difficult to recover users. This space is extremely competitive
  3. A project offers extremely high rewards which are very attractive to the untrained eye… but there is no such thing as a free lunch in any walk of life especially DeFi.
  4. What tends to happen with these ultra high yielding projects is that the native token on the platform is paid out to yield farmers as an incentive to provide liquidity. When a large number of users head to the platform in search of the high rewards and once they start minting huge amounts of the token guess what happens.
  5. Yup, the price of the token tanks and any deflationary mechanisms struggle to keep up with such high emissions. As such, the reward token becomes less and less valuable and people leave in search of the next one.

So, what can be done to provide users with great long-term sustainable yields?

Well luckily for the BSC farmers out there there is a brand new project ready to launch in the next few days that seeks to create a sustainable yield farming protocol that tackles these two issues head-on.

Introducing: MoneyTime Finance

1_rVgdAyJwp18gvdsYqxYCWA.png
<img src="https://blocmates.com/wp-content/uploads/2022/01/1_rVgdAyJwp18gvdsYqxYCWA.png" alt="1_rVgdAyJwp18gvdsYqxYCWA.png">

The MoneyTime Finance (MT) team has thought about this long and hard and have come up with a genius way to reward people for the long term. No longer will you have to snipe a project in the first few hours of listing to get a decent yield.

So how does the team solve this?

Well as the name suggests time is money and their tokenomics reflect that.

The first way they reward liquidity providers (LPs) is users provide their LP tokens and they are rewarded in the $TIME token. Next, we have Time pools, users can then stake their $TIME token for a pre-determined amount of time and earn $MONEY.

The best part, the longer users farm the greater the rewards. This answers the problem and reduces selling pressure as it incentivises users to keep their $TIME tokens staked for longer… I personally can’t wait to use this…

Taking a closer look at the $TIME token

Time has no max supply just like the big players in this space (CAKE, BAKE, etc.)

But, TIME has no set market value or trading purpose, it is a utility token to be used to generate MONEY. So in short, you put your time to work to earn your money…

It is also going to pay to be early here for the first few days the rewards look like this for liquidity providers:

Reward per block:

  • 2 $TIME per block for the first 3 days
  • 1 $TIME per block the following 3 days
  • 0.5 $TIME per block forever

As a fair launch incentive, for the first 48 hours, only $TIME will be rewarded to LPs. After this, the remaining vaults, pools and money printer will then open.

Now let’s look at $MONEY

Money being the reward token on the platform is what is paid out to all those using the Time pools. Again, no max supply here but that is standard.

Each block or (3 seconds on BSC) looks like this:

  • 6 $MONEY per block for the first 3 days
  • 3 $MONEY per block the following 3 days
  • 1.5 $MONEY per block forever

8% of this going to the team for future projects and platform maintenance/development.

Transaction fees are 5% fee. The fee is then split into 50% locked liquidity creating great deflationary mechanisms the other 50% is then spread between the LPs of MONEY-BNB and MONEY-BUSD.

For more details on what farms will be available please see the infographic below

$MONEY TOKEN.png
<img src="https://blocmates.com/wp-content/uploads/2022/01/24MONEYTOKEN.png" alt="$MONEY TOKEN.png">

Now, for all those with a phobia of impermanent loss (we get it... but read our guide to IL HERE it isn’t as scary if you understand it), MoneyTime has some single-sided staking pools for you. For more info on the multiplier, rewards head HERE.

STAKING.png
<img src="https://blocmates.com/wp-content/uploads/2022/01/STAKING.png" alt="STAKING.png">

TLDR: you will have MONEY staking pools and also TIME staking pools! Two ways to earn extra yield, the benefits of this platform keep adding up, truly impressed.

So as we mentioned previously the whole purpose of this project/platform is to create longevity for its farmers and investors. So you will be incentivised and rewarded handsomely for staking your TIME for longer periods. Be sure to check out the infographic and the TIME pools to decide which is right for you before you enter.

TIME POOLS.png
<img src="https://blocmates.com/wp-content/uploads/2022/01/TIMEPOOLS.png" alt="TIME POOLS.png">

Disclaimer - there are withdrawal fees if you decide to leave early so be 100% sure which pool you want to enter, the longer the better.

Introducing the money printer BRRRRRRRR

<img src="https://blocmates.com/wp-content/uploads/2022/01/moneyprintergobrrr.gif" alt="">

This aspect of the protocol allows users to stake $MONEY and earn… you guessed it, $MONEY.

This is a 72-hour minimum locked staking pool although if you do need to emergency withdrawal (for whatever reason) then there is a very reasonable 5% fee.

Deflationary mechanism(s)

Two DeFi favourite Buy Back and Burn & Buy Back and Redistribute are BOTH used on MT finance. Now, this is a new one for me as you usually see one of these mechanisms used but not very often both together.

Buyback and burns create buying pressure whilst also then burning and removing supply which is a dual mechanism that is great for positive price action

Buyback and redistribute, again, great for buying pressure and also great for those who benefit from the redistribution.

In short, it looks good for investors and for farmers across the board here.

Finally, there is an emergency burn fund. This is really cool. 2% fees from farming pools will be used as an emergency fund which is then used to buy $MONEY if the token price begins to drop and is in need of some buying pressure.

Again, the $MONEY bought will also be burned creating a ridiculously bullish outlook for the $MONEY token. Impressive.

MoneyTime Finance goes live on 30th June at 9 pm UTC.

MoneyTime Finance resources -

All the above has been strictly for education and entertainment purposes and not financial advice.

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