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OnyxLily
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      • πŸš—Automatic Floor Boosting
      • πŸ€“In Depth - How It Works
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  • "Buy Floor, Sell High"
  • Virtual Swap -> Extra Floor Boost
  • Burn Fees
  • RFV Flash Loan Fees
  • Disclaimer
  1. Protocol
  2. Floor Price Tech

Automatic Floor Boosting

Boost the Floor

PreviousFloor Price TechNextIn Depth - How It Works

Last updated 1 year ago

"Buy Floor, Sell High"

Virtual Swap -> Extra Floor Boost

  • Move LP Strategy Wallet Tokens out of circulation into the Storehouse Bin (#51)

  • Move [maximum 10%] of the ETH LP from the (FULL) bin below the active bin.

    • -> Place ETH into LP at Floor price (boost floor price via low impact arbitrage)

    • -> When the Floor is sold into -> ETH LP converts to Token LP (Virtually Buying Low) -> Repeat -> Automatic LP Floor Boosting

Burn Fees

  • From the floor bin, up to 5 bins above floor, burn fees instead go to the LP Strategy Wallet

    • When the price is 5 + n Bins above the floor bin, Virtual Swaps safely boost the floor between Rebalances, burning those tokens after a price rise.

RFV Flash Loan Fees

  • Enabling the Pool to provide single block flash loans, is an entirely risk free way for the pool to earn more fees for itself to grow.

  • Banker Joe flash loan fees are 0.064%

    • Ex: $1,000,000 of flash loan volume will net the pool a passive RFV profit of $640

    • Users execute borrows and loans via Banker Joe ()

Disclaimer

Onyx Lily tokens are released via a Trader Joe v2.1 Liquidity Pool. The purchase of Onyx Lily tokens does not constitute an investment contract or any form of investment advice.

Onyx Lily no guarantees or promises about the future value or performance of the token, and the value of the token may fluctuate significantly.

Also note that it might be illegal for you to own Onyx Lily depending on your jurisdiction, check with your local laws.

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a TJ Protocol