SAFU.net - A Full Suite of DeFi Products

The products offered are focused on maintaining user safety in an uncertain space.

By
BSCNews
on
August 30, 2021
Category:
Sponsored

Introducing the SAFU.net Ecosystem

The goal for the SAFU.net team is to bring a suite of high-quality Decentralized Finance (DeFi) tools to Binance Smart Chain (BSC). The SAFUDAO app is governed by the SAFUYIELD protocol token, which the community can HODL and use to participate in the protocol’s decisions.

Key Features

  • SAFUYIELD PROTOCOL
  • SAFUSWAP
  • SAFULOCK
  • SAFUSCAN
  • SAFUBRIDGE
  • SAFUNFT
  • + More Future Tools Roadmap

SAFUYIELD Token

SAFUYIELD is the native ecosystem token of the www.SAFU.net platform and utility for all its projects. The token is deflationary, and has a limited supply. The token decreases in circulation with every transaction thanks to its smart token burning mechanism. The token is what the SafuYield Protocol is built on, providing incentives for users to HODL.
SAFUYIELD can currently be traded on PancakeSwap, as well as the SAFUSWAP Decentralized Exchange (DEX).

SAFUYIELD is also available on Hotbit in the Global section.

SAFUYIELD has had no presales or initial coin offerings to ensure a fair launch and distribution.

Tokenomics

From the SafuYield Protocol’s Litepaper:

Total Supply: 100,000,000,000,000

Distribution

Blackhole Address: 50% (50,000,000,000,000)

Airdrop: 20% (20,000,000,000,000)

Initial Liquidity Locked: 20% (20,000,000,000,000)

Private Seed: 5% (5,000,000,000,000)

Exchange Listing: 5% (5,000,000,000,000)

Token Holder Incentives

2% of every SAFUYIELD transaction fee is automatically distributed to SAFUYIELD token  holders. This incentivizes users to hold the native token. This distribution method seeks to increase the value and demand of SAFUYIELD. 

This also keeps tokens in circulation, preventing inflation.
These fees are paid on every transaction using reflection, so all SAFUYIELD holders will increase their SAFUYIELD holdings automatically.

Automatic Burns

SAFUYIELD is automatically burned with every transaction, keeping the supply levels in check. This helps to maintain the value of the token and prevents inflation. 

The tokens are burned by sending 2% of transaction fees to a “blackhole” address. This address is inaccessible, taking the tokens out of circulation.

50% of the total supply of SAFUYIELD was sent to the blackhole address. This was done at the protocol’s Mainnet launch, titled Genesis.

The blackhole address also receives 2% of each transaction fee as if it were a regular address holding SAFUYIELD.

Liquidity Pool

Another 2% is automatically added to the SafuYield Liquidity Pool (LP). The structure of their fee distribution allows SafuYield to both reduce circulation and increase their liquidity.

Users can stake their own LP tokens by providing liquidity, offering another incentive for holding or staking SAFUYIELD.


SAFU Tools

The SAFU.net team seeks to bring a suite of different products for BSC users. There are currently six SAFU-related products that have been officially announced. Three are already live; SAFUYIELD, SAFUSWAP, and SAFULOCK. The team has announced SAFUSCAN, SAFUNFT, SAFUBRIDGE, and the SAFUDAO Governance Protocol.
Further details for these tools will be revealed as their release date comes closer.

All active tools are currently on V1 or BETA. 

SAFUYIELD Protocol

SAFUYIELD Protocol is an open-access multi-chain yield aggregator and governance protocol built on the SAFUYIELD token. 

The SAFUYIELD Protocol is governed by the SAFUDAO app which the community can use to participate in the protocol’s decisions.


Certik Audit

SafuYield products are focused on being safe for users. In order to increase security, the SafuYield Protocol is undergoing a Certik audit. The results of the audit will help to identify any potential risks, so action can be taken on them. 

Users are able to view the results of the audit and 24h SKYNET monitoring on the Certik website.

SAFUSWAP

SAFUSWAP  is the DEX of the SafuYield ecosystem. The focus of the exchange is to offer trading for SAFUYIELD and tokens the platform considers safe.

The DEX allows the exchange of many popular BSC tokens. BNB, BUSD, CAKE, and USDC are just a few of the many tokens available on the exchange to swap.

SAFULOCK

The first tool from the SAFUDAO’s ecosystem with the aim to “Make DEFI a Safer Space”, a slogan adopted by the team. SAFULOCK is completely new, made affordable for the average crypto user, with an incentivizing compound farming reward system of up to 107.36% when locking SAFUYIELD tokens. The tool is totally different from its existing competitors, such as Unicrypt or Deeplock, which initially was used to lock the SAFUYIELD Protocol tokens Liquidity Pool for over 100 years. 

SAFULOCK has solved the issue faced by Deeplock when it comes to locking deflationary tokens where the lock smart contract code does not calculate the burned fees while sending funds to the lock wallet address. This makes it impossible to withdraw locked deflationary assets from Deeplock, as currently users must top up the initial amount burned from the amount of deflationary tokens when lock time elapses to claim funds back.
With SAFULOCK user can lock any BEP-20 (BSC) token in seconds and show the public the details of the token lockup on the easy-to-use Interface. 

Most importantly, the infamous “rug pull” cannot take place if teams decide to lock their Liquidity Pool (PancakeSwap) tokens and team tokens. 

For each standard lock, the smart contract will automatically charge a 0.01 BNB fee.

 Use Cases

  • Token Presales and Investor-Timed Locks: Lock investors tokens and create a specific date for when they will be able to claim pre-sales or private sales conducted by projects on Binance Smart Chain. 
  • Team Token Locks and Vesting: Lock team tokens and create a vesting schedule for team members with specific dates and token amounts. This gives investors confidence that the team and developers will not dump their tokens on the market.
  • Team Scheduled Payments: Agree on a yearly salary with your employee, lock it in a pool functionality for an average cut to be calculated and claimed at a certain date monthly.
    There will be more use cases in the future: a safe locker, pooling and compound farming systems for different projects and tokens.

SAFUSCAN

SAFUSCAN is also coming out soon in Q3. It is an upcoming tool that can analyze BSC projects and check their security simply by inputting the smart contract address of any BEP-20 token. It is a Solidity static code analyzer, and has been deemed a “rug detector” by the team.

The SAFUSCAN product will further contribute the values of security and safety that the Safu team espouses.


Benefits of Using the Tools

Binance Smart Chain (BSC) is growing extremely fast and is now performing more transactions per day than Ethereum. The total value locked on BSC has increased from $1B USD to nearly $11B USD in just under a month. The growth on BSC has been impressive, and SAFU.net is in a prime position to take advantage of its value.

With one of the fastest-growing DeFi landscapes, the demand for keeping digital assets safe is extremely important for the blockchain. 

However, currently BSC has the risk of ‘rug pulls’ from malicious token creators because of the lack of tools to protect investors. 

Despite BSC being one of the fastest-growing DeFi landscapes, it’s still missing the security infrastructure needed to be a safe alternative to Ethereum. SAFU.net will offer this infrastructure as a one-stop solution to protect investor funds. 

This solution is much needed in the space, as it finally provides security to token investors, and to BSC growth problems.

Concluding Thoughts

One of the biggest concerns that DeFi skeptics have is security on the blockchains. The SAFU.net ecosystem seeks to be an all-encompassing platform for users to safely interact with BSC DeFi. With their innovative variety of tools and extensive future plans, SAFU.net is setting itself up to be a premier security-based protocol on one of the most popular blockchain networks.


To learn more about SAFU.net and its products, visit the following links:

Website 

Twitter 

Telegram

Email: hello@safuyield.com
Hotbit 

1inch 

SAFUSWAP 

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