GarudaSwap – The Next Generation Automatic Liquidity Acquisition Yield Farm & AMM on BSC With Efficient Rewards Lockup & Anti Whale Mechanism

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Welcome to GARUDASWAP — The Next Generation Automatic Liquidity Acquisition Yield Farm & AMM on Binance Smart Chain. GARUDASWAP is run by a team of innovative and trusted developers.

Introduction

About GarudaSwap

GarudaSwap is the Next Generation Automatic Liquidity Acquisition yield farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features that let you earn and win.

We fully support CAKE-LP v2 staking.

Main Features

Automatic Liquidity

Unlike other farms before, in GarudaSwap each transfer of GARUDA must pay a 8% transfer tax. The 7.04% transfer tax gets added back to the liquidity pool through the contract automatically to raise the GARUDA price floor continuously. And the liquidity will be locked and inaccessible.

This is an innovative feature of GARUDASWAP, combined with smart fee distributions model and Sky farm, this will encourage users to hold the token for long term benefits.

Automated Burning

As we have mentioned above, each transfer of GARUDA must pay a 8% transfer tax. The 7.04% transfer tax will be allocated to automatic liquidity acquisition. And the rest 0.96% transfer tax will be burned immediately. The whole process is automatic.

Harvest Lockup

Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping like other farms before GarudaSwap.

For example, the harvest lockup of the GARUDA-BUSD farm is 2 hours. It means that farmers who stake in the GARUDA-BUSD farm can only harvest (claim their rewards from farming) every 2 hours.

You can check the harvest lockup on each farm card.

To clarify, the harvest lockup only locks users’ farming rewards. The tokens and LP tokens staked in farms can be withdrawn anytime.

Anti Whale

Transfer more than 0.5% of the total supply will be rejected. So a big whale cannot dump the price immediately like other farms before GarudaSwap. As the total supply grows, this ratio will be reduced.

Deposit Fee Redistribution

A 4% deposit fee will be charged when users enter staking on GarudaSwap, but unlike other yield farms, we don’t plan to use the deposit fee to buy back and burn. It’s a waste of money. Instead, we will redistribute the 3% deposit fee to GARUDA holders in Sky farms to encourage holding. And 1% deposit fee will be sent to the dev team as the development fund.

What is Sky?
Sky are farming pools that allow GARUDA holders to stake their GARUDA to earn other tokens. Two pools (BUSD & BNB) will be created by the dev team after launch, the 3% deposit fee will be used to these two pools as the rewards for GARUDA staking.

Referral Program

An on-chain referral program has been implemented to incentivize users to invite friends to join the farming. Inviters can earn 3% of his/her friends’ earnings forever.

Visit GarudaSwap referral program page
Unlock your wallet to get your unique referral link
Share your referral link with your friends
Every time your friends get rewards from farms, you will receive referral commissions automatically
The current referral commission rate is 3%

When will I receive my Referral Reward?
You will automatically receive a GARUDA’s reward in your wallet whenever the referred user Harvests / Withdraws from our Farms and/or Pools.

Do I lose 3% of my income to the referrer because of using his referral link?
No! The contract will automatically take 3% from total liquidity pool and send it to referrer wallet. So you and him earn together, you don’t lose anything from your harvested rewards.

No Migrator Code

The migrator code in the MasterChef contract has been removed.

Timelock

Timelock added at launch.

Trading Incentive

We plan to add a trading incentive mechanism to our own AMM dex. Users can earn tokens by trading on GarudaSwap. But different from traditional trading mining, the rewards on GarudaSwap for trading can be different tokens like BNB, BTC, ETH… Other projects can provide their own tokens as rewards for specified trading pairs. More details about it will be published later.

Useful Links

Website: https://garudaswap.finance

Docs: https://docs.garudaswap.finance

Twitter: https://twitter.com/GarudaSwap

Medium: https://garudaswap.medium.com/

Telegram: https://t.me/garudaswap

Telegram Ann: https://t.me/garudaswapannouncement

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