fiscus.fyi
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FAQ
General
Is it safe?
Yes. The team contacted multiple smart-contract auditors and an audit will be performed at some point as the TVL grows. For now all the code remains open for anyone to audit.
Team Locked liquidity:
The team being fully committed to the long term vision of fiscus.fyi locked up their own liquidity for one year. This creates a safe pool for traders to buy and sell both FFYI and uFFYI.
Feedback and support
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Products
Fiscus FYI
- Fiscus.fyi holds the staking module UI for FFYI and uFFYI.
APR
What is this even for?
- It's a table that shows you the current APR for some fiscus.fyi-supported tokens across lending platforms. The highest APR for each coin is the provider that Earn is lending these coins to at the moment.
Tokens
FFYI
- Fiscus.fyi Governance token
- Total supply 60000. The pool will close once the total supply has been minted and distributed. No new FFYI will ever be minted.
- Revenue share, The FFYI Revenue Share pool(FFYI RS) has been designed to reward FFYI holders, the governance token of Fiscus.fyi. It does so by charging a fee when claiming rewards, which will then be shared between all the FFYI holders staking in the FFYI RS Pool.
uFFYI
- ETH, DAI, and any other pools will forward users' tokens to a lending pool with the highest lending rate, where it will stake. Received rewards will then be sent to Fiscus' pool to sell ETH and DAI on Uniswap for uFFYI. The bought uFFYI will be burned and new uFFYI issued. This will make the rewards more stable over time.
- Initial Supply will be 100K uFFYI, the majority will go towards supplying the needed liquidity on Uniswap, a portion will go to motions and further developments and a small portion will go to the team to further development.
- Yield will pay in uFFYI.
- Unlimited supply.
- Token burn reducing the total supply.
Blockchain Interoperability
Why?
Currently, all lending platforms that are not centralized are based on ETH (and copies of ETH like TRON). To get rid of middlemen and #CEFI we need one complete platform, a true Blockchain agnostic lending platform.
How?
This is already in development, and be on the lookout for the first BTC, DASH or LTC pool.
Governance(to be implemented after FFYI minting)
FFYI
FFYI is the governance token of fiscus.fyi. In order to get the governance token of ficus.fyi people will have to stake uFFYI. FFYI will be distributed at a rate of 0.2 per block to stakers. FFYI will have no intrinsic value other than to vote on protocol changes. Further governmental changes will be added at a later date once the community has decided on them.
The base layer will be as follows:
- 1.Quorum is 20%
- 2.Votes needed to make an amendment is set to 50%
- 3.Staked FFYI is locked for 3 days.
Fiscus Motions
What are motions?
Fiscus motions is a community-based voting proposals or motions system that grows the ecosystem through discourse and dialogue. Once a motion is proposed and gains traction it can then be added to the chain and voting can take place.
How to make a motion:
Who can make a motion?
Anyone
Voting
How?
Stake your FFYI and then you can cast your vote for Fiscus Motions that are on-chain on the voting dashboard. Make sure you stake before voting, otherwise you will pay gas but your vote won't count. You can also lookup your staking block(to be added), and see when your vote lock will be lifted. Creating a poll in the forum will also help create a benchmark for your proposal to see if your motion has gained traction in the community before you create the on-chain motion.
How to get rewards?
If your motion was accepted you will receive your rewards to execute your motion, if you claim them within 3 days.
Last modified 1yr ago