Shaurya Malwa · 1 day ago · 2 min read
Read the latest › Regulation
Nick Chong · 2 months ago · 2 min read
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ETHY is a deflationary yield farming coin. ETHY is also the governance token, for managing all EVaults. EVaults are staking/farming pools, that execute strategies on deposited LP tokens. EVaults are designed to maximize returns for a given asset, that may also run price protection tactics.
Users are incentivised to stake Uniswap liquidity provider tokens. Fees from these tokens are farmed. A percentage of these fees goes toward the autonomous strategies like liquidating LP tokens, and performing an (ETH-ETHY) buy back (increasing the price). Any purchased ETHY tokens will be distributed to stakers/farmers.
ETHY implements a strong force on each token. Every time an ETHY token is transferred, a small fee is taken, which is returned to the farmers. This mechanism incentivises holding and farming. There will never be more than 500k ETHY.
ETHY holders will be able to vote on proposals– so long as they have staked liquidity in the pools. The community will decide everything from developer fees and site design to the exact farming options available.