Jetfuel Finance is a fair launch, deflationary, audited, decentralized finance ecosystem on Binance Smart Chain, which combines features of other projects like Harvest/Yearn (yield optimizers), Compound/Venus (credit lending), RFI/World/Vapor (transactional tax — auto liquidity — passive yield tokens), Uniswap/Pancakeswap (automated market maker), as well as a staking platform that has generous rewards.
They have auto-compound Vaults, farms to farm FUEL until emissions end in early June, FUEL staking, a passive yield token called GEFORCE, will be adding a credit-lending Compound/Venus fork called Fortress (FTS) which will be dual chain Ethereum & Binance Smart Chain in the next month, will be adding their own AMM decentralized exchange called JetSwap, is also about to add a Zapper like feature allowing users to enter and exit LP positions using just BNB, will be adding mutual funds allowing users to earn money on different indexes by simply sending BNB in one transaction that will be zapped to all positions in the index, and a portion of the profits of these products are shared with holders of their native governance token JETS, which you get by staking FUEL.
The platform launched on December 6th, and currently has about a small 83k circulating supply, and a max supply of 129,150, however because its deflationary, it will end up much lower, likely under 100k. Every transaction is taxed 2%, half goes to the “Hanger Reserve” (staking pool) and the other half is burnt, so far about 8,000 FUEL have been burnt forever.
The project released about 29% of all farmable FUEL in the first 30 days, block rewards were reduced 2.5% per day during the first month and then block rewards from then on will be level for each month (864,000 blocks) and get stepped down by 10% per month until the 5 months of the normal emissions have expired and all 126,000 FUEL has been farmed.
Now I’d like to touch on the different products the platform is, and will be offering.
Staking — When you stake your FUEL, you receive JETS tokens back in return. JETS token will be the platforms native governance token once governance is live in the next month or so. JETS holders receive FUEL rewards passively, from multiple revenue streams on the platform. The current plan is to have at least 6+ revenue streams for JETS holders.
The current revenue streams for JETS holders are as follows; every day 60 FUEL (which will be increased as the platform grows) from the staking pool gets split up with JETS holders, and the staking pool receives 5% of daily emissions to maintain that. The Vaults auto compound every 4 hours, and every Vault, shares 4% of each harvest (which happens at least every 4 hours) with JETS holders. The GEFORCE token shares a % of its transactional tax with JETS holders. Fortress will share a % of its profits with JETS holders from both Ethereum and Binance Smart Chain. Jetfuel will launch an AMM called Jetswap, and will share a % of the trading fees with all JETS holders.
Because of the passive rewards JETS holders receive, on day one, the ratio of JETS you would receive from FUEL was 1:1, however now that more revenue streams are being added, its now currently about 1:.8 and will continue to drop as more profits are shared with JETS holders, incentivizing users to stake and leave long-term. As you can see below, JETS become more valuable than FUEL over time.
Vaults — The Jetfuel vaults are smart contract strategies that auto-compound and grow the users deposits, instead of rewarding a user with a reward token. Vaults are a new and exciting feature that are designed to seamlessly harvest, sell, restake, and compound the assets a user deposits into the vault. Essentially, users deposit their tokens into the vault and the vault helps to grow their deposits automatically.
To give you an idea of how they work, traditionally users add LP tokens to yield farms, and are rewarded with a reward token. If you deposit your LP tokens in a Vault, every 4 hours the Vault will harvest your rewards, then sell half of your reward tokens, buy BNB or BUSD with the proceeds, and then use the those two tokens to add liquidity and increase your LP token amount, automatically. When it comes to yield farms, your earning power is your LP tokens, so the Vaults auto-compound and increase your earning power tremendously. Jetfuel’s Vaults auto-compound automatically and reward users with APY that is much higher than the APR that yield farms offer themselves.
FUEL Farms — During the emissions period, until all FUEL has been released, users can farm FUEL on the ‘fuels’ page by adding their LP tokens or by adding their JETS that they received by staking FUEL. The daily emissions are currently 696 FUEL and the dev team receives 2.5% of daily emissions, which is 25 FUEL and by the end of the emissions period will end up with 3,150 FUEL.
Fortress — Fortress is being developed right now, and is a Credit and Lending platform that will be on Ethereum & Binance Smart Chain. The platform will have a governance token (FTS) as well as a stable coin (FAI). A percentage of the profits on both chains will be sent to the JETS holders as a reward. More about the platform will be announced soon.
Launchpad — Traditionally launchpad projects have helped projects raise funds, however the projects typically receive only 50% of the funds raised, however Jetfuel Launchpad wants to change that. Launchpad projects on Jetfuel will receive much more of their raised funds. More information about this will be released very soon, including a bonus for JETS holders and information about the upcoming partners.
GEFORCE — GEFORCE is the first project on Jetfuel’s IJO Launchpad, and is created by the Jetfuel team. It is a transactional tax token, where each transaction gets taxed 2%, half of those proceeds are sent permanently to liquidity, and then 95% of the other half is sent to GEFORCE holders and the remaining 5% is sent to JETS. GEFORCE is a passive-yield token, so GEFORCE holders will receive rewards just by holding GEFORCE in their wallet, no staking required.
JetSwap — Jetfuel developers are working on an AMM that will share a percentage of the trading fees with JETS holders. More on this will be announced soon.
Mutual Funds — Not much is known about this product yet, however it has been said that it will use the Zapper-like feature that Jetfuel is developing to allow users to enter into mutual funds using just BNB, as well as exiting the mutual funds and receiving BNB back. More on this will be announced soon.
To buy FUEL— Visit Pancakeswap.finance or Hyperswap and use 3% slippage.
The contracts and audits can be found by going to; https://jetfuel.finance/contracts
Jetfuel periodically releases podcasts with BSC.news and you can view them by going to;
December 12th — https://www.bsc.news/podcasts/conversation-with-jetfuel-fi
January 3rd — https://www.bsc.news/podcasts/ep-8-progress-update-with-jetfuel-finance
February 8th, 2021 — https://www.bsc.news/podcasts/episode-17-interview-jetfuel-finance
March 15th, 2021 — https://www.bsc.news/podcasts/episode-27-a-conversation-with-jetfuel-finance
Disclaimer: this article was written by an outsider, and this info is subject to change.
Quick Links:
Website: https://jetfuel.finance/
Buy Fuel: Buy Fuel Here
Twitter: https://twitter.com/Jetfuelfinance
Telegram: https://t.me/jetfuelfinance
Medium: https://medium.com/@jetfuelfinance
Github: https://github.com/jetfuelfinance
