2nd Launchpad — MM Optimizer
MM Optimizer is the 2nd project on Polygon launched by the MM Team that aim to be the #1 Vaulting Platform on Polygon. Their maximizer vaults help users compound their yields up to 48 times a day to ensure that their staked assets are optimized.
The purpose of a yield optimizer is to build auto-compounding vaults for yield farmers that wish to compound their earnings. More so than that, yield optimisers are able to help boost earnings for yield farmers due to the ability to provide unique compounding strategies, and the ability to earn a limited derivative token, the MMO token. In this protocol, they seek to take 30% performance fees. And return up to 115% more tokens in the form of MMO tokens to yield farmers. This effectively boosts the rate of earning for yield farmers.
In their improved tokenomics, the compounding strategy would be to use the 30% performance fees to accrue MMO-MMF liquidity, that eventually gets distributed as dividends to MMO holders. In this manner, MMO holders would be able to earn MMF tokens for simply holding MMO (at a very substantial APR).
The MMO token has a max supply of 5,000,000. For every 1 MMF (P) earned in the performance fees, 0.115 MMO is minted (this amount that is minted is subjected to adjustments. In the event MMO price goes up, minting will be lesser)
What can the MMO token be used for?
$MMO token will be used to stake to earn performance fees generated on the platform. You will be able to stake $MMO to earn $MMF perpetually. $MMO function as the governance token of the platform, entitling you to dividends that comes from the performance fees that the platform charges!
Launchpad Format
- The launchpad raise will be done in MMF tokens and 50% of all MMF collected will be burnt 🔥 and the other 50% will be used to form liquidity.
Sale Details
$MMO sale will take place at MM Finance. and you will need $MMF to participate.
- Sales Page: https://polymm.finance/launchpad
- Start: 20th August, 1:00 pm UTC
- End: 21st August, 1:00 pm UTC
- Token Price: 10 MMF
- Number of Tokens For Sale: 300,000 MMO
- Duration: 24 hours
- Method : Overflow
In the “Overflow” method, users can subscribe as much or as little as they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends.
The excess funds committed will be refunded back to the users after the sale. They will be able to claim both their new tokens and unused tokens after the sale has ended.
Launchpad Proceeds Allocation
- 50% of the MMF will be used to form liquidity with MMO, forming MMO/MMF LP
- 50% of the MMF tokens (1,500,000 MMF will be BURNT and removed from the supply forever) 🔥🔥 — this currently represents close to 10% of the entire MMF circulating token supply! — one of our major use case for MMF is to partake in launchpads and at the same time, launchpad helps to create deflationary pressure on MMF!
1. Before Sale
- Buy MMF tokens
2. During the Sale
- Commit your MMF tokens to get MMO tokens on https://polymm.finance/launchpad during the launchpad window.
- Incase you are worried that you are not able to commit in time due to delay or congestion on-chain, you can always choose to commit earlier.
3. After Sale
- Claim your MMO tokens
If there is an oversubscription, your excess MMF tokens will be refunded back to you.
Post Launch
- Stake MMO ➡ Earn MMF
- Stake MMF ➡ Earn MMO
- Stake MMO/MMF LP ➡ Earn MMF
- Stake MMO (Cronos)💎 ➡ Earn MMO (Polygon) — Starting 1st September (we are allocating 50,000 MMO (Poly) tokens ~$500,000 USD for this pool)
About Mad Meerkat Finance
MM Finance has the largest ecosystem in the defi space with its DEX, Yield Optimizer, NFT, Algo Stablecoin and many more.
