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Yield Farming Index Token ($YFX)

$YFX serves as the native token for the . It is structured to enable engagement in single-stake vaults for the $YFX token, with the goal of directing a portion of the protocol's revenue to . $YFX Token holders can vote for or against proposals by the on Snapshot. [1][2][3][4][5]

Token Distribution

The presale for YFX had three distinct phases: a private sale, launchpad sale, and public sale, with priority start on February 27th, 2023, at 5pm CST. During the private sale, tokens were offered at a rate of $1/YFX with a hard cap of 1,000,000 tokens at $750,000. If the private sale failed to reach $500,000, the hard cap for all sales would be set at $1,000,000. If sales fell between $500,000 and $1,000,000, the combined hard cap would increase to $1,500,000.

reaching the hard cap, the total cap for all sales would be $2,000,000. The public sale commenced on February 28th, 2023, at 5pm CST, concluding on March 1st, 2023, at 5pm CST, with sales reaching $2,000,000. The total and supply of YFX were determined based on the dollar amount raised during the presale, ensuring a deflationary trajectory for the token going forward.[1][6][7]

wikiAllocation

The YFX token supply distribution is structured as follows:

  • Presale: 75%
  • Liquidity: 15% (matched with 20% of presale funds)
  • Team: 10% (subject to linear vesting over 180 days)

Additionally, the team is entitled to a 40% share of the profits generated by trades on a monthly basis.[6][8]

Tax and Deflationary Model

The tax and deflationary model employed by the features a 1% transaction tax applied to both buys and sells. Half of the collected taxes are allocated to the team, while the remaining 50% undergoes a systematic .

In addition, the protocol incorporates a redemption mechanism, initiating a 48-hour period on the 1st of each month. During this period, holders have the opportunity to burn YFX tokens, thereby earning their proportionate share of the Redeemable Fund Value (RFV). [9]

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Yield Farming Index Token ($YFX)

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