🤑Chill DeFi
An important step in Chill Pill's evolution to becoming a DeFi Protocol
Last updated
An important step in Chill Pill's evolution to becoming a DeFi Protocol
Last updated
In order to deliver our DeFi as MVP, it has been divided into different stages that will build on top of each other and add more functionality.
Stage 1 will involve single staking for $CHILL into sCHILL. sChill earns APR% in $CHILL, meaning that when the user decides to unstake, the user will get more $CHILL out of your initial deposit.
Staking $CHILL into sCHILL will have a 1% deposit fee that will be displayed in the staking popup. This fee is used to keep the DeFi more sustainable.
On top of single-side staking, we we are introducing another layer of staking into partner pools, where users can stake their sCHILL and earn partner tokens. At the moment of launch, 3 partner pools will be available.
$POTION, $SKULL and $SURV. While DeFi evolves more partner pools will be created, and we have already scheduled other protocols after launch.
In these partner pools there is a second 1% deposit fees (still in $CHILL) that will be partially used to keep the pool sustainable, by buying back the partner token and refilling the pool.
Protocols are incentivized into creating a partner pool because they will get access to our vibrant community and one of our core values is to always help our partners.
We already have success stories of partners cross collaborating between them, boosting each other even further.
In Stage2 we will implement the smartcontracts to handle multi-chain pools, meaning that with your $CHILL on $FTM you can earn other partner tokens in other chains. This is a crucial step for building the Chill Future
In Stage2 we will also add nft staking, where staking our Chill Pills NFT will lower your deposit fees, giving them extra utility.
Stage3 will be focused on the gamification of the DeFi. At this current time we don't want to reveal too much and keep some mystery around it, but be prepared to find some... treasures!
