SAFU (Secure Asset Funds for Users) in TaalSwap
TAL Token
Ticker: TAL
Contract Addresses
TAL Token : 0x7e6bD46f4Ddc58370c0435D496EF7fcC5fE1751D
TaalFactory : 0xded8B52643c126E996fC1feA9F0c053338bC7E72
TaalRouter : 0x913Cf96B805221E1631de21CD22B7a93099C00B7
MasterChef : 0x226b1EAf01a78396E190EBd9893B0D5A120Aa678
SyrupBar : 0x6c49Ff7dA37991f080d1B170690b4BaC5D0FC692
TaalVault : 0xE402AD1CcE49E0B750Ec9beB3A24C9e908F9c598
SmartChefFactory : 0x8EAF1a122fAdEE20bd6C7Fc5a6A8bc610D2368e9
Multicall : 0xC72160167F700f842Ddf553e06Bc44186F42B929
Timelock : 0xDB1480A01F903392Fd0B04D65Ba93BbF5338F027
SAFU Address : 0x7F6cd42E977228d3cCbd5E3925D0A816f41833D1
TaalSwap ensures the maximum asset security for users by deploying the protocol insurance called "TaalSAFU" along the lines of BSC's SAFU. In so doing, A portion of trading and platform fees will be collected and transferred to SAFU address to be used for reimbursement in the event of protocol exploits and loss of funds. Community proposal and voting will determine how the funds in SAFU address should be used when a SAFU-relevant event occurs.
TaalSAFU - Trading Fee
When you make a token swap (i.e., trade one token for another), you are liable for a 0.25% trading fee, which is broken down and used as follows:
0.17% - a reward for liquidity providers
0.03% - TaalSwap Treasury
0.05% - SAFU address
0.05% of TAL allocated to SAFU address sure will serve as the mechanism that secures users' assets and enhances the scarcity of TAL, thus maintaining the value of TAL in favor of traders and liquidity providers.
TaalSAFU - Withdrawal Fee
When you withdraw your staked token from the pool you joined, a 2% of withdrawal fee is imposed on your reward and will be sent to SAFU address. This is another way of ensuring the security of TAL, thus keeping TAL economy in good shape. However, as users increase and liquidity pools grow, the deflationary pace incurred by TaalSAFU may outrun TaalSwap's minting pace. In that case, TaalSwap community governance can break in operation to adjust the deflationary pace and submit a new proposal to better the TaalSwap economy.
TaalSAFU - IDO Platform Fee
As described in TaalSwap IDO, a listed project for IDO is liable for a 2% of platform fee for its token sales, and the users who participated in voting can be rewarded a portion of 1% of the raised funds after the token sale success according to his/her TAL staking ratio. To be more specific, this platform fee is to be used as follows:
1% - Voters
0.5% - TaalSwap Treasury
0.5% - SAFU address
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