1# Wrapped yield farming
1# Wrapped yield farming
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1# Wrapped yield farming
Last updated
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Wrap a Token and get another Token" that is pegged by Token
Concept of To-Go order is to return the new BEP-20 token pegged by order's token. In the following example, MMP is an BEP-20 that collects 10% tax on every transfers. Holders of MMP sometimes want to transfer MMP without taxes. This is why, we want to order MMP To-Go!! and get wMMP back home.
Tokens like MMP, taxes are distributed back to holders. When there are many To-Go orders, foodcourt will be one of the MMP holder. As Foodcourt does not collect any fee and intend to redistribute all taxes back to To-Go customers. This where concept of reflect comes.
When MMP is ordered To-Go, 10% tax are collected normally (on transfer) and the customer will receive wMMP. If this is the first MMP order, 1:1 ratio is used as the customer will receive 900 wMMP.
Now, Foodcourt has become a MMP holder and start receiving some taxes. Let's say, Foodcourt now hold 910 MMP (10 MMP tax). The reflection ration is now 1 to 1.01. This means 1 wMMP can withdraw for 1.01 MMP.
Customer can unwrap there wrapped token anytime but will be charged to prevent an unexpected event Now these are currently unwrap fee.
WMMP will be charged 0.1% WSAFEMOON will be charged 2% WSAFEMAR will be charged 1% WSAFEPAWS will be charged 0.05% (There will be no rSAFEPAWS)
When you order a To-Go order, you need to pay taxes. This has nothing to do Foodcourt at all but Foodcourt still give you extras!!! by returning equal amount of loss taxes in reward token call rToken.
**This rToken cannot use to provide LP and not recommend for swapping and trading.
We will initiate pool to earn reward of rToken as a bonus coupon. Stay tune!!!
