Chill Finance AKA ChillSwap
A brand new DeFi yield farming experience designed to capture the best yield in the market while being simple and easy to use. Simply choose your pool , stake Uniswap.v2 LP tokens and start earning $CHILL and $UNI*
We don’t want our users to be stressed about their DeFi earnings, thats why we include innovative distribution mechanism that incentives users which are true followers of the $Chill culture and limits the effect of aggressive WHALES trying to stop you from achieving NIRVANA!
$CHILL token etherscan: https://etherscan.io/token/ 0xd6689f303fa491f1fbba919c1afa619bd8e595e3
CHILL/ETH Uniswap pair: https://info.uniswap.org/ pair/0xddbdfb8fac34863fd97e6ff52b95cf257c3c2721
MasterMew Contract: https://etherscan.io/address/ 0x4ad97fd79f8a2ae0e5415821bc06781bf5a164e1#code
Website: https://www.chillswap.org/
GENESIS POOLS
Our platform design allows users to capture yield from UNISWAP ($UNI and fees) and CHILLSWAP ($CHILL) We open up with a set of high quality pools where users can deposit and earn.
The UNI-V2 LP token pools available at the start are:
- USDT/ ETH
- DAI / ETH
- CHILL / ETH (3x $CHILL)
- WBTC/ETH, USDC/ETH and CHILL/USDT will be added in the coming week.
- Additional pools will be added via proposals from our community.
TOKEN DISTRIBUTION
$CHILL tokens will be minted in 4 phases:
PHASE 1: 75 CHILL per block distributed among the pools ( ~14 days) PHASE 2: 100 CHILL per block distributed among the pools (~30 days ) PHASE 3: 50 CHILL per block distributed among the pools ( ~30 days ) PHASE 4: 25 CHILL per block distributed among the pools ( ~60 days )
After PHASE 4 no more tokens will be minted! All fees collected by the platform will be used to BUY&BURN $CHILL from the market The deflationary nature of $CHILL combined with our unique (multi farm) value capture mechanism ensures long term price sustainability and high yields for participants.
SUSTAINABLE DeFi FARMING
Whale Soothing
In order to prevent aggressive WHALES from disturbing your $CHILL we implement a maximum contribution cap of $20,000 worth of UNI-V2 LP tokens per pool (valid for the first 5 days after launch). This will allow for a more fair distribution, without WHALES being able to come and take advantage of the $CHILL community. Additionally, all $UNI farmed (when UNI rewards resume) will be swapped to ETH and used to BUY&BURN $CHILL , for the benefit of the $CHILL community!
Mastering the art of Chill
The longer you $CHILL , the better you become at earning $CHILL. Every 8 hours of staking earns you +1 Level, If you lose your nerves and interrupt your $CHILL session before you achieve NIRVANA! there will be a tax on your harvest.
- Level0 0–8hours — 50 % tax on harvested tokens
- Level1 8–16 hours — 40% tax
- Level2 16–24 hours — 30% tax
- Level3 24–32 hours — 20% tax
- Level4 32–40 hours — 10% tax
- Level5 40+ hours — NIRVANA! No tax
What is NIRVANA!?
- NIRVANA!: You made it. You are a master of CHILL. Nothing can disturb your inner peace. You can continue earning $CHILL and collect extra $CHILL rewards from the NIRVANA! incentive pool
NIRVANA! Incentive pools
Every 8 hours, 10% of the tokens currently in the Nirvana incentive pools will be distributed proportionally to all users based on their weight in the pools (LP tokens staked / total LP tokens staked). Users that are in a state of NIRVANA! during the snapshot will be able to CLAIM that extra reward by going to the NIRVANA tab, unclaimed $CHILL will remain in the pool for next distribution.
Where does the tax go ?
- 70% of the tax will be BURNED!
- 10% of the tax will go towards the NIRVANA! Incentive pools
- 20% of the tax will go towards the developer wallet (to be used for marketing, platform development and dev incentive)
ATTENTION : Deposit/Withdraw of LP tokens will automatically harvest your $CHILL rewards and reset your level to 0
The Road Ahead
CHILLSWAP is an yield farming aggregator and we are planning to introduce more farms (e.g. CURVE, SUSHISWAP, MOONISWAP) in the future allowing our users to capture the best yield in the market.
A governance portal will be added to the website to coordinate voting for community incentives and adding of new pairs/farms.
We are working on the migration contract as well as a L2 scaling solution that would allow the users to trade all types of assets and add new pools on CHILLSWAP without having to pay high ETH fees.
After migration 1/6th of the fees paid to the LP’s will be used to purchase $CHILL from the market and distribute it to all $CHILL stokers.
