How SAFUU Protocol is Aiming To Make DeFi More Scalable and Sustainable
The decentralized finance ecosystem, popular as DeFi, has experienced magnanimous growth over the past three years, growing into a $100 billion market. The ecosystem offers its users vast opportunities to earn income, connect to the financial system, and profit from simple protocols built on blockchain.
Growth of the DeFi sector since 2017
There’s no telling whether the leading projects in the space can last long or whether they’ll be as beneficial and profitable as more users sign up and the platforms are more scalable
- One solution would be to move away from Ethereum’s dependence.
The SAFUU model
Safuu (Sustainable Asset Fund for Universal Users) is a unique DeFi project that integrates auto-staking and auto-compounding through rebasing
- A rebase token is designed in a way that the circulating token supply adjusts automatically according to price fluctuations
- Provides a decentralized financial asset protocol that rewards users with a sustainable fixed compound interest model
Making the future of DeFi sustainable and stable
Safuu’s Fire Pit is a buyback-and-burn contract that reduces the circulating supply of $SAFUU tokens
- The Safuu Insurance Fund (SIF) serves as an insurance fund to achieve price stability and long-term sustainability by maintaining a consistent 0.02355% rebase rate
- 5% of the total trading fees are stored in the insurance fund, which helps sustain and back the staking rewards
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