PUNKNOMICS
Deposit
1. Connect Wallet
Punk supports an Ethereum-based wallet.
Check the currently supported wallets.
We will continue to support more wallets soon. 👇🏻
2. Select Token & Input Deposit Amount
To join the Saver, you need to select the token and enter the amount to deposit.
Currently supported tokens.
- ETH
- USDT
- USDC
- DAI
- WBTC
3. Payout Conditions
Starting Date
- When do you want to start receiving?
- The date you first receive the payout—when the Saver reception begins.
- You can receive at least 24 hours after the first deposit based on the Unix time.
Interval
- How regularly do you want to receive?
- The period of time between each of your receipts. The minimum unit is 1 day.
Count
- How many times do you want to receive?
- The minimum unit is 1.
4. Check your estimated Payout, Rewards, and ROI
This shows the predicted Payout, Rewards, and ROI based on the conditions set above. Since each forge affects these values, your profit may vary depending on which forge you choose.
Joining the Saver will give you the following profits.
Basic interest rate
Interest and incentive tokens earned via principal are invested in various DeFi Protocols to obtain compound interest. The current interest rate for each forge can be found on Radar.
Bonus by an early termination fee
When a user in the same forge terminates the contract before the end date, early termination fees will be subordinated to the community's proceeds. Old finance has profited themselves with termination fees. But, Punk Protocol built a structure that distributes profit to the users. We call it 'The Bonus.'
The stipulation provides incentives for you to comply with the contract, while also becoming an additional revenue for the Punk community. Don't worry too much because it can be earned quickly with Punk Protocol.
PUNK Token
By staking the pLP Tokens you receive after depositing into the Saver, you can also get PUNK Tokens, the Governance Token of Punk Protocol.
Estimated ROI is calculated with the sum of all three profits above.
5. Check the Early termination fee
The smart contract stipulates that a
1% early termination fee will be charged if you withdraw the principal before the end date specified by payout condition. The stipulation provides incentives for you to comply with the contract, while also becoming an additional revenue for the Punk community.
Don't worry too much because it can be earned quickly with Punk Protocol.
6. Approve
As a final step, you need to get approval from MetaMask. When the transaction is approved, your Saver will be created successfully.
Last modified 10mo ago