Introducing QuantumX Finance

💻 Our Protocol:

  • Alice the lender deposits her AVAX into our deposit vault; her asset becomes available for a yield farmer to borrow; she earns interest for providing this liquidity.
  • Bob the yield farmer wants to open a leveraged yield farming position on the AVAX/BTC pair; he borrows AVAX from the vault and enjoys higher yield farming rewards. QuantumX Finance’s smart contract takes care of all the mechanics behind the scenes — optimally switching assets to the right ratio, providing liquidity to the pool, and staking LP for Trader Joe Rewards
  • Erin the liquidator bot monitors the health of each leveraged position, and when it goes beyond designated parameters, she helps liquidate the position, making sure lenders such as Alice do not lose their capital. For this service, she takes a 5% reward from the liquidated position. At QuantumX, we also have a bot for this which uses 80% of this fee for a buyback and burn of the QTX token. So even if you’re unfortunate and have your position liquidated, if you’re an QTX holder, you can feel relieved knowing your token is going up in value as a result.
  • Carlos the bounty hunter monitors the amount of rewards accrued in each pool and helps reinvest it back, compounding returns for all farmers. For this service, he takes 3% of the reward pool, which goes to the dev fund to pay for operations. (Farming Pool Performance Fee)

🚀Tokenomics & Token distributions:

🌱Launch sequence

  • Users can start depositing their assets into our pools.
  • We will seed liquidity into Trader Joe QTX-AVAX so people can start acquiring QTX right away.
  • This phase is designed to make sure we have a healthy amount of assets for borrowing and liquidity for QTX trading for the next phase.
  • Link to buy QTX will be posted soon.
  • When we think there is sufficient liquidity and audits have completed, we will open leveraged yield farming, thus completing our service loop.
  • We will make a separate announcement in advance to the community before launching Phase 2

During Phase 1 Launch:‌

  1. 10% distributed to liquidity providers for the QTX-AVAX pool on Trader Joe.
  2. 90% distributed to lenders who deposit assets into our vaults — rewards will be divided equally between the pools

During Phase 2 Launch:‌

  1. 38% distributed to liquidity providers for the QTX-AVAX pool on Trader Joe
  2. 26% distributed to lenders who deposit assets into our lending pools— rewards will be divided equally between the pools
  3. 38% distributed to users who have leveraged yield-farming positions opened — rewards will be calculated based on the loan amount; only leverage positions (i.e., > 1x) will receive QTX rewards

❓ What is the QTX token used for?

Governance

Capture Economic Benefits of the Platform

Accrue Value Through Deflation‌

  • Every time a liquidator liquidates a leveraged position, he receives 5% of the position’s value as a fee. 80% of those fees will go towards buybacks and burns of the QTX token. (1% as liquidation rewards for liquidators)
  • When a borrower takes out a loan of tokens in order to engage in leveraged farming, they pay a fee to the lender in interest. 10% of that interest will go towards the protocol fee, of which half (5%) will be used on buybacks and burns of the QTX token.‌

Protocol Utility

Related Links

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QuantumX Finance is a leveraged yield farming protocol based on lending and borrowing functions.

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QuantumX

QuantumX

QuantumX Finance is a leveraged yield farming protocol based on lending and borrowing functions.

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