OVERVIEW
Fantom is a network that was launched about 2 years ago. While the market made two corrections on December 4, 2021 and January 20, 2022, the Fantom ecosystem was not affected much, which shows that investors are having a positive attitude towards this network.
However, many investors have missed a project like TOMB, and because this project now has many documents explaining specifically how to operate, we will not mention it anymore. Instead, in this article, we will explain a project that has more potential for growth than Tomb, it’s SHARKFI Finance.
WHAT IS SHARKFI FINANCE?
SHARKFI Finance is one of the first Algorithmic Stablecoin in the Fantom ecosystem, pegged to the price of 1 FTM Token through seigniorage. In the SHARKFI Finance ecosystem, there are three tokens built with the purpose of supporting each other in the development process: $SAFI, $FSHARE and $FBOND. In which, $SAFI and $FBOND are two tokens that are maintained at a stable price level by a smart algorithm. The price of $SAFI is pegged by this algorithm to the price of $FTM, which means that the algorithm will automatically take a measure to maintain the price of $SAFI so that it approximates the price of $FTM. The price of $FBOND is specified to be equal to the market price of $SAFI .
$FSHARE – THE TOKEN HAS A GREAT POTENTIAL TO SURPASS $BTC IN FUTURE
In the ecosystem of SHARKFI Finance, there are three tokens. These tokens interact with each other to keep their prices stable, and that interaction is done entirely by an intelligent algorithm. Now, let’s take a closer look to the ecosystem:
The first one: $SAFI token
$SAFI Token is a stablecoin pegged to the price of 1 FTM coin. The supply adjustment mechanism of $SAFIToken will increase or decrease in accordance with the price of FTM Token. However, this algorithmic model will make $SAFI stay at the FTM price, this doesn’t mean that $SAFI price is always equal to the FTM price, since $SAFI is not collateralized by 1 FTM coin, rather $SAFI will replace FTM as a medium of exchange in the ecosystem.
The second one: $FSHARE token
FSHARE’S purpose is to measure the value of $SAFI tokens, stake FSHARE to receive $SAFI and Governance. FSHARE holders have the right to vote on suggestions for improvements to the system in the future ecosystem.
The last one: $FBOND token
The function of $FBOND is to boost the price of $SAFI. $FBOND is a token pegged by $SAFI. All 3 tokens are in the Fantom ecosystem.
Because $SAFI and $FBOND are both algorithmically priced tokens, what we should pay attention to is the $FSHARE token.
If you buy $FSHARE and stake this token, every day you will receive an amount of $FSHARE corresponding to the interest rate you are notified, and also receive an additional amount of $SAFI as a reward for staking $FSHARE.
Remember: $BTC has a total supply of 21 million, and there was a time when the price of one BTC was close to $70,000. So with $FSHARE, what price potential does this token have when the total supply is only 70,000?
By the time you read this article, the SHARKFI Finance ecosystem has started to work, and the dev team has started listing their tokens on exchanges to attract new investors. Don’t miss the price of $FSHARE before it hits $50,000 and much higher.
CEMETERY CYCLE – ONE OF THE BEST WAYS TO EARN MASSIVE PROFIT FROM SHARKFI FINANCE
First of all, you have to know about TWAP (Time Weighted Average Price). The TWAP has a formula:
TWAP = Price of $SAFIPrice of $FTM
Case 1: TWAP < 1
If TWAP is less than 1, it means that there is more $SAFI in the market than $FTM, in which case the algorithm will burn $SAFI. The way to burn down $SAFI is that investors will use the same amount of $SAFI they have to buy $FBOND. This way, the price of $SAFI will rise again and TWAP will become balanced. After the price of $SAFI has become equal, investors can exchange the amount of $FBOND they own for $SAFI and earn profit.
Case 2: TWAP >1
If the TWAP is more than 1, you can keep your $FSHARE in the Mansory, by doing that, you will receive $FSHARE. With an impressive APR in the Mansory for staking $FSHARE, you – some investors choose SHARKFI Finance to invest faster than anyone else – can earn a lot of $FSHARE, which has the potential to break the record of $BTC in the future.
So, here we are going to explain about the easiest way to use Cemetary and Mansory in order to earn massive profit:
You will have to buy $SAFI and pair it with $FTM to provide liquidity, and stake your SAFI-FTM LP in the cemetery to earn $FSHARE rewards.
Then you can take your $FSHARE rewards (remember to take the rewards only) and stake them in the Masonry to earn inflationary $SAFI rewards. With the $SAFI you received right here, it’s better if you sell half of them for $FTM, and compound it back into the SAFI-FTM LP.
And what is the last step of all? Just claim the profit!
Note: if the price of $SAFI is above the peg then you can do exactly like what we explained right there to earn profit with Cemetery and Mansory, and we call it “The Cemetery Cycle”.
HOW TO PROVIDE LIQUIDITY FOR $SAFI?
If this is the first time you know about the project and have no idea about what you have to do, click here, it’s the link to a video, posted by the dev team, that will explain what you should do.
And if you have no time to watch a video, we make a list of all steps on that video right here:
Step 1: Purchase $SAFI.
Step 2: Go to https://spookyswap.finance and check the box that says “I understand,” then click “Continue.”
Step 3: Choose the FTM/SAFI trading pair and select 50% or balance to keep a little FTM in your wallet for gas fees, then click Swap. Now you have 50% FTM and 50% SAFI in your wallet.
Step 4: Select liquidity, maxx of one of two tokens, and then Approve SAFI.
Step 5: Choose a supply
Step 6: Check your LP pair in My Potions.
Step 7: Return to the homepage and select CEMETERY from the drop-down menu.
Step 8: Pick a pool. Press VIEW on the SAFI-FTM-LP.
Step 9: Select APPROVE SAFI-FTM-LP from the drop-down menu.
Step 10: Press +, then Max, then CONFIRM
Step 11. Reload the homepage to check
Step 12. If you want to add more, press the + and select CONFIRM, and if you want to withdraw, press the – and select CONFIRM
HOW TO ADD FANTOM NETWORK TO YOUR WALLET
Fantom is a network in development so we will show you how to transfer your wallet address to this network. You are also required to use the Fantom network to be able to perform transactions of buying, selling, swapping,… tokens of the SHARKFI Finance ecosystem.
METAMASK:
Step 1: Login to your wallet
Step 2: Select Networks, then select Custom RPC
Step 3: Fill in the required information as below
Network Name: Fantom Opera
New RPC Url: https://rpcapi.fantom.network
ChainID: 250
Symbol: FTM
Block Explorer URL: https://ftmscan.com/
Step 4: After you click Save, check to make sure Fantom Opera is listed as an accessible network.
TRUST WALLET:
With Trust Wallet, it’s much easier. Everything you have to do is click on the “Find tokens” feature, then search for FTM and turn it on. After that, every time you click on the “Receive tokens” feature of any FRC-20 token, you will see your Fantom wallet address.
WHAT DO WE THINK ABOUT SHARKFI FINANCE
The way they choose network:
DeFi 1.0 is a volatile market, and even investors with broad knowledge of it have many times been unable to predict what is coming. So DeFi 2.0 was released, and it really solved a lot of the shortcomings of the previous generation.
The way they list manage them:
Today, when you read this article, SHARKFI Finance has successfully appeared on many different trading platforms, and gained a large number of investors. Just a short time after the project was launched, the development team did not disappoint investors when announcing that their two main tokens, $SAFI and $FSHARE, were available on Coinmarketcap.
Conclusion:
Through this article, we hope that readers will be able to better understand the project as well as be able to make informed decisions in the process of investing in the project to earn profit. We really appreciate the efforts of the dev team of SHARKFI Finance for what they have demonstrated in terms of the potential of their tokens.
More information with these links:
Link to their Telegram Channel: https://t.me/SharkFi_Official_Channel
Link to their Telegram Group: https://t.me/SharkFi_Official_Group
Link to their Twitter: https://twitter.com/SharkFi_Finance
Link to their Website: https://sharkfi.finance/
