FIRE BANK FINANCE

FIRE BANK FINANCE
2 min readOct 31, 2020
A decentralized deflation yield farming.

FIREBANK IN DECENTRALIZED FINANCE

As innovation move towards the future and many people jump in for the opportunity, Firebank will be part of it in a rising economy of decentralized finance.
Why Deflationary? Token as deflationary will be as good as how would exploit the unnecessary burns. By forcing constant trading pressure and constant burn. That’s why yield farming of Fire Bank Finance will be great. FIRE BANK TOKENS (FRK) have a burning feature of 1% on every transactions and will stop when supply left is 1000 FRK; Total supply is 3,000 FRK.

FIREBANK WILL OPEN A PRESALE!

Presale for Fire Bank is now open. It is to ensure proper liquidity in Uniswap and Balancer pools. It will help decrease the volatility and price impact, which could give good positive impact also for the stakers of LP Tokens.

FIRE BANK TOKEN FEATURES

This token asset is deflationary and have low supply of tokens. The total supply is 3,000 and the symbol is FRK. You can check it on etherscan, soon we will publish it to Github. The contract is fixed and immutable — there is a feature of burning power at a rate of 1% on every transactions. This will create more transactions and reducing the supply, creating scarcity and promoting one’s values worth.

It will be listed on 2 DEX; Uniswap and Balancer. The main purpose of this project is “Deflation Yield Farming” in a process by adding liquidity to pool in Uniswap to get the Uni-v2 (Its a LP token) then you stake the UNI-V2 on Balancer. We purposely list it to Balancer, so there will be a force of constant trades and burns, generating more and more fees and burns. It is really profiteering because of its deflation features.

IMPROVING — FURTHER DEVELOPMENTS AND THE FUTURE OF FIRE BANK FINANCE!

The Project concept is simple and profitable.
1. Buy FRK Token — a deflationary asset.
2. Add liquidity in Uniswap — Where you add your ETH and FRK to uniswap, and you will get shares from the pool in a form of LP Token (UNI-V2)
3. Stake your LP Token — The UNI-V2 will reflect to your wallet and stake it to Balancer, you can earn more since we create a pool where ETH is dominant. Estimated APY starting at 200% and can go up more to 800% depending on the network, trades and price.

There will be improvement in staking Tiers, we can add to more pools where we can get different tokens by staking also the LP Token. We will list it to a Centralized Exchange. We purposely to delay the listing on Centralized Exchange so that liquidity providers and stakers will have high rates of farming FRK and ETH.

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FIRE BANK FINANCE

It's a simplified deflation yield farming with a difference.