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MM Optimizer

DEFI YIELD FARMING AGGREGATOR & OPTIMIZER FOR CRONOS CHAIN
What is MM Optimizer?
MM Optimizer aims to provide users the easiest way to join the bandwagon of the DeFi world, built on top of MM Finance, giving you the tastiest MMFs topped with MMOs. We support the underlying DeFi technology and ecosystem to compound user yields through the Cronos Chain (CC). We have seen a huge surge in DeFi activity in 2020 since the rise of Yield Aggregator projects on different blockchain networks with existing protocols such as MakerDAO, Aave, Compound, and etc. As a Yield Aggregator with a vital role in the yield farming economy, we are leveraging different DeFi protocols and strategies to maximize user profits.
Information
Type
Automated market maker
Blockchain
Cronos
Platform
Windows, macOS
Publisher
MM optimizer team
Version
Version 1
FAQ
Mad Meerkat Optimizer is a new and rapidly growing DeFi yield aggregator that is used for MM Finance. Mad Meerkat Optimizer empowers farmers to leverage their yield-seeking tendencies to optimize yield compounding strategy in DeFi. We are providing strategies for the various needs of farmers from the highest yield seekers to the risk reward optimizing smart investors.
We wanted to create a platform that automatically compounds yields for all individuals, no matter how small your stake may be. Our goal is to expand the DeFi ecosystem while providing users with various strategies to maximize returns while minimizing risk.
Currently, the majority of our farms are those that exist on MM Finance. Essentially the farms on our platform get permission from individuals via smart contracts to automatically compound and reinvest yields on behalf of individuals.
Compounding yourself on MM Finance is a very tedious process and it is often hard to know the optimal frequency and timing of when to compound and reinvest your yields. MMO does all of this for you plus saves you gas fees.
MMO Token is our native governance token. MMO holders govern our ecosystem and receive the majority of farm performance fee profits. Holding/Staking MMO is not only beneficial for individual profits, but also ensures the MMO Ecosystem runs smoothly.
Every Farm requires a different LP Token. Furthermore the different Farms represent different risk tolerances for MMO users. A high APY usually means more volatility in the underlying token price. For example, USDC-USDT has a much lower compounded APY than MMF-USDC, since USDC/USDT is a stable coin which is pegged to the dollar and does not experience volatility.
Systematic Risk
The Systematic Risk would be the decrease of monetary value of assets deposited, be in CRO, WMATIC, MMF, etc. For example CRO could be $30 when you deposit and $25 when you withdraw
Idiosyncratic Risk
The Idiosyncratic Risk would be risks associated with our actual project. Although our code has been audited by Certik, there are always risks that projects will fall victim to malicious hackers. That being said, our MMO developers account for the security risks of smart contracts and only will interact with contracts that meet the security threshold.
Because the APY is constantly changing on MM Finance, the Compounded APY on the MMO Platform is constantly changing. Furthermore, because this APY is calculated via compounded (exponential growth), it cannot be calculated in a linear manner (i.e. APY/365) So long as you hold your tokens in our farms for an extended period of time, your assets will continue to grow exponentially.
MMF or the LP tokens are all used from MM Finance, we automatically compound yields via MM Finance.
MMO is minted via the project’s smart contracts.
When the user executes a Claim on their profits in a given Pool, they receive 70% of the profit’s value in the respective auto-compounded farm token, and receive 30% of the profit’s value in MMO.
This 30% worth of profit is calculated in $ equivalent of CRO, and for every 1 CRO the user gets 0.25 MMO .
Currently, all the farms get compounded except for the MMO Staking farm.
When the user executes a Claim on their profits in a given Pool, they receive 70% of the profit’s value in the respective auto-compounded farm token, and receive 30% of the profit’s value in MMO
Withdrawal Fee
There is a 0.5% withdrawal fee from Farms only if a Withdrawal happens within 72 hours of deposit. This fee exists to maintain the smooth flow of the ecosystem and to prevent possible exploitation from individuals acting under bad faith. For example if there was no 0.5% withdrawal fee within the 72 hours, someone could keep depositing right before the compounding takes place and withdraw right after and still reap the same benefits and continuous long-term holders.
Performance Fee
When you choose to Claim profits from a pool, a 30% performance fee is collected to reward MMO stake holders. In return, all pools are rewarded with MMO tokens. For every 1 CRO in fees collected, 0.25 MMO is rewarded (this amount that is minted is subjected to adjustments. In the event MMO price goes up, minting will be lesser).
The MMO Project was created by a team of developers and blockchain specialists! Like all other Yield Aggregator Projects, we believe our code is who we are! Thus, we will ensure to provide full transparency and let our code speak for itself.
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