Quick take: SCARCE token is extremely limited in supply, getting even scarcer by burning 4% token when user integrating with smart contract. Yield farming designed to maximize earning with multiple rewards including USDT stable token. This is a must have token in your DeFi portfolio.
SCARCE is a deflationary token that is designed to maximize yield farming, while the protocol builds a vault with locked liquidity, and 90% of all yields from liquidity mining will be used to buy back SCARCE on active Uniswap market, and pay the reward on SCARCE tokens. SCARCE token is extremely limited in supply. Yield farming designed to maximize earning with multiple rewards including USDT stable token.
Recently, SCARCE published a lightpaper to describe their features, here I’m putting it to give it more exposure.
Abstract
This paper explores some crucial parts of decentralized finance and the role of the SCARCE token in the industry to bet the challenges to provide cutting-edge solutions in the industry by providing high-quality DeFi services. Decentralized finance reshaping the current financial system while SCARCE sees a lot of room to improve in the DeFi field. ScarcityDeFi.Org is a leading pioneer in decentralized finance (aka DeFi) for the yield farming & lending industry. SCARCE has been projected as a billion-dollar market cap by 2021.
Introduction
The ScarcityDeFi is a yield farming service that offers multiple rewards at a time including USDT stable rewards. It has a governance system that gives full control to the community. Those who stake governance token are rewarded for contributing to the success of the project. It’s a dual token economy and multiple reward mechanisms make it more flexible and attractive. SCARCE synergizing with ySCR while adding greater value to the community by having fewer maximum supply in both cases.
From now onwards, SCARCE is not only a token, it represents the whole ScarcityDeFi protocol in this paper.
WHAT IS SCARCE
SCARCE is a next-generation yield farming service that provides trustless vault options to make essential staking, locking for both individual and enterprise. It’s being built in a ready environment to migrate in future possibilities to improve the service. It’s a complete solution for your decentralized financial investment at your fingertip. It connects with all the leading DeFi protocol to bring freedom and never limits your reach.
SCARCE features as follows
- Yield Farming
- Dual token economy
- Multiple reward mechanism
- Uniswap aggregator
- NFT Insurance
- Governance
- Lending/Borrowing
- Non-inflationary security
- Fiat transaction connectivity
- Feature to add more features by vote
Yield Farming
SCARCE offers multiple farming rewards including USDT stable token. Farming with LP token will return a guaranteed 100% to 600% APY reward at ETH/SCARCE LP. While other LP pairs can give even higher rewards such as USDT/SCARCE LP. Adding liquidity to USDT/SCARCE and ETH/SCARCE pair earns ySCR as well as SCARCE reward.
Staking ySCR earns USDT and additional rewards in YFI & UNI token.
Additional rewards are subject to availability. SCARCE takes 5% of funds from the presale and purchase UNI token and distributes among ySCR stakes. When it’s in the market, it takes 5% from the liquidity pool (or community fund), then buys YFI in the open market and distributes it to the ySCR stakes. This way, both SCARCE and ySCR token holds the ultimate high value.
Dual token economy
SCARCE and ySCR are two tokens of the protocol. Both are erc-20 token. SCARCE is the default token, and ySCR is the governance token. Both token designed in a unique way to make them precious. Both are limited in supply.
SCARCE token can be purchased in the presale before the open market, while ySCR don’t have any presale. It can be claimed by staking SCARCE or buy in a centralized exchange after listing. ySCR brings ultimate value to the holders by rewarding with USDT, YFI, UNI, and many other ways coming. ySCR stake holds the right to vote for the governance and changes the SCARCE economy.
SCARCE
Erc-20 non-inflationary token.
Total supply — 9,999
Burn rate — 4%
ySCR
erc-20 Governance token for SCARCE economy
Total supply — 1,800
Burn rate — 0%
Uniswap aggregator
SCARCE introducing its own aggregator for uniswap open market with limited selective pairs. It will allow only pairs with SCARCE tokens to instantly exchange on their own platform. One exception is ETH/USDT pair.
More pairs can be added later by community voting.
Uniswap Liquidity
SCARCE will add locked liquidity for 365 days with the option to extend by community votes. The vault is designed to make long term economic success for SCARCE investors. The liquidity amount depends on the raised funds. It will use 90% of its funds from the presale in the ETH/SCARCE, USDT/SCARCE pairs.
NFT Insurance
Insurance is designed to hold back investors and power up the economy. Users can earn using SCARCE insurance token (erc-1155 standard non-fungible token) that guarantees to pay rewards. This expands our reach even wider audience who like to invest in NFT. It can be traded in an open market like opensea.
Lending/Borrowing
Unlike bank loans, anyone can become a lender in decentralized finance. SCARCE makes this option even easier and takes at the user’s fingertip. Using smart contracts collateralized loans are available at a competitive charge on SCARCE platform. It’s a way to earn interest on crypto assets anonymously. The lender can choose their interest percent starting from eight. Borrowing requires a minimum 140% collateral. There is a 2% fee for the platform when repaying the loan or gets liquidated. Generated fees are distributed to SCARCE stakes.
ySCR Governance
ySCR Governance Token designed with 1,800 total supply.
It has no presale. Users who adds liquidity or stakes in the USDT farming gets ySCR reward. Every month 300 ySCR until max capped. It will directly be listed in centralized exchanges at a price of above $9,000.
Stake holders can vote, or propose to modify SCARCE economy.
Conclusion
This was a lightpaper to outline an idea about the SCARCE project. An whitepaper will soon be released with every single details explained followed by an update as soon as possible.
Official website — https://scarcitydefi.org/
Documents — https://docs.scarcitydefi.org/
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Promoting an article from ScarcityDeFi's medium with permission.