Samecoin Protocol v2.0 Is Coming
Samecoin Protocol is a policy-controlled currency system, with a community-driven decentralized reserve and financial infrastructure for the DeFi 2.0 world.
Samecoin Protocol V2 Functionality
- MINT — Users can Mint their own SameUSD by depositing an equal amount of stablecoins to the reserve. Own the most risk-diversified stablecoin.
- STAKE — Stake SAME to earn auto-compounding interest exponentially.
- BONDS — Bond your liquidity and stablecoins to get discounts on SAME.
- STAKING REWARD — Through a treasury backed currency with intrinsic value, compounds begin to yield automatically.
How does SamecoinProtocol v2 work?
- Bond Sales — Users buy bonds to get discounted SAME from the Protocol, which results in the growth of protocol-owned liquidity, AKA, the protocol treasury.
- Treasury Revenue — Protocol treasury gets revenue (income) through the Bond sales and LP fees, resulting in locked-in liquidity which helps control SAME’s circulating supply.
- Treasury Growth — The Samecoin treasury inflow can be used to increase the Treasury Balance and back outstanding SAME, as well as to regulate staking APY.
The primary value accrual strategy of Samecoin Protocol is staking. Staking is a long-term strategy, as well as being passive. Samecoin has been specifically designed with long-term protocol health and longevity at the forefront. All $SAME tokens minted for staking rewards are backed with a reserve from the Treasury.
$SAME rewards stakers with compounding interest to increase their SAME holdings over a period of time.
SAME can be minted and distributed evenly to gain staking rewards. More Samecoin being staked reduces the APY, however, it pushes the SAME price higher which creates a balance that protects your investment.
ABOUT Same Finance
Same Finance leveraged yield farming with focus on stable income and stable growth. Same Finance is available on the HECO and HSC blockchain, with later release on BSC and POLYGON in Q1 2022 onwards
