KillSwitch had announced their official ILO (Public Sale) date on 25th October 2021.
The motivation behind this creation is derived solely from the developers who first handled experienced the pain and wished there had been a better outcome. Sympathizing fellow yield farmers, they created the fast and effective smart yield aggregator that aims to make farming easy and “leaving” easier.
KillSwitch, today, is a smart yield farming aggregator targeting to increase convenience and security for yield farmers. The feature is now available on Binance Smart Chain and Polygon chain with 3 prominent features which are One-clicked stake, Kill Position and Semi-Auto Compound.
1. One-click Stake:
A Staking Procedure in one click to minimize time waste within simple steps. You just choose the ‘Pool’ you want to farm and input the desired coin or token that you have (and have to list on a whitelist), then the system will automatically set up the farm for you. Which everything will happen in a single transaction. Additionally, the best router swap will be shown all throughout the process allowing convenience and transparency.
2. Semi-Auto Compound:
All the farmed tokens will be automatically converted to add into users’ positions every 24 hours or will be automatically reinvested by “Guardian of the Galaxy” (anyone who farms in KillSwitch is able to click compound for everyone). This makes sure all yields are reinvested to further maximize the user’s profit. Guardian of the Galaxy earns 1.2% of the whole reward.
3. Kill Position:
Users can kill positions at any time. KillSwitch will automatically and Unstake LP tokens, withdraw liquidity for liquidity providing pool and swap assets to BNB or BUSD or another token user can choose.
What to expect in the near future?
Although KillSwitch has made farming easier, there is still much more room for improvement. Primarily, two more features will be introduced shortly. Which are:
Mixture Swap – the swapping of LP tokens to other LP tokens (that are on the whitelist) that users can stake in the source of a pool. This feature is exceptional for those who like to jump around from one platform to another.
Take Profit/ Stop Loss – The ultimate feature allows users to “rest easy” without having to worry about the risk of their investments. The TP/SL is a feature that users can set to close their own investments at a given condition or to receive a certain amount of profit likewise.
KillSwitch Utility token
KillSwitch token is the utility token from KillSwitch which can be used in the following:
With $100 or 500 KSW – users are allowed to use the ‘Take Profit / Stop Loss’ feature.
With $200 or 1,000 KSW – users can lessen the transaction fee of the feature ‘Mixture Swap’ from 0.1% to 0.05%
With $300 or 1,500 KSW – users can lessen the transaction fee of ‘Withdraw’ from 0.2% to 0.1%
ILO on KillSwitch Utility Token
KillSwitch will be ready to list utility tokens for its ILO which will be happening on the 25th-31th October 2021.
To check it out visit: https://killswitch.finance/