The BuckSwap Booster
What Is The BuckSwap Booster?
The BuckSwap Booster is a yield optimizer deployed and managed by BuckSwap, with the goal of maximizing your yield on BuckSwap or other DeFi projects.
The BuckSwap’s Booster maximizes yields by regularly compounding, which is the key to maximize yields on any platform. Compounding manually costs gas and time.
The BuckSwap Booster utilizes the advantage of group staking and auto compounds your yields along with everyone else in the same boosted mine/vault to save gas. This method realizes a higher number of compounding per day and saves users significant time and fees.
What Strategies Are Available On The BuckSwap Booster?
The BuckSwap Booster is currently in BETA testing and only offers auto compounding ($BUCKS to $BUCKS) for the $BUCKS Vault on BuckSwap’s dapp.
The BuckSwap team will soon provide more strategies, including “LP to LP”, and “LP to Tokens”, both for BuckSwapand 3rd party platforms. If you have any suggestions or desired strategies, please propose them to BuckSwap admins via BuckSwaps’ Telegram or Discord.
What Is The Performance Fee?
While enjoying boosted yields from the BuckSwap Booster users will pay a percent of their rewards to BuckSwap as a performance fee. This performance fee will be entirely dedicated to buy BUCKS at market price and then those BUCKSwill be burned.
Why Is There A Withdraw Penalty?
In order to sustain a steady yield, a withdrawal fee will be administered if there is a withdrawal from BuckSwap Booster within the stated penalty period. We highly recommend users to only withdraw after the penalty period has ended. The withdrawal penalty period timer will be reset every time a user deposits new funds into the BuckSwap Booster. All withdrawal penalties collected will be entirely dedicated to buy BUCKS at market price and then those $BUCKS will be burned.
What Is The Compound Bounty?
While BuckSwap ensures compound frequency by compounding on a fixed, optimum schedule, a bounty program will be deployed to incentive users to help find new and intuitive ways for the BuckSwap Booster to operate more effectively. By helping the BuckSwap Booster harvest and compound the rewards using a more optimal strategy, people can receive a percent of the total pending reward amount as bounty. Please always make sure the amount of the bounty is bigger than the gas fees that will be required to pay to execute this operation.
