Single Finance
  • 🧑‍🌾Single Finance Lab
  • 🎇Getting Started
    • MetaMask
    • Crypto.com DeFi Wallet
  • 🔗Useful Links
  • Overview
    • 🌿Our Products
    • 🛡️Capital Protection (USD)
      • Stoploss, Lend & Stake
    • 💻Terminology
    • 💰Fee & Parameters
      • Single-Click Strategy
      • Leveraged Yield Farming
      • Lending & Interest Rate Model
    • 🗓️Roadmap
    • ❗Risks
  • Yield Farming
    • ⚖️Single-Click Strategy
      • Mechanics of Pseudo Market-Neutral Strategy
      • [Feature] Position Rebalance on Pseudo Market-Neutral Strategy
      • Mechanics of Leveraged Short/Long Strategy
    • 🌾Leveraged Yield Farming
      • [Boosting] VVS Boost Farms
      • [Boosting] xGRAIL Boost Farms
    • 👣Step-by-Step Guide
      • Open a Pseudo Market-Neutral Strategy Position
      • Adjust/Close your Pseudo Market-Neutral Strategy Position
      • Position Rebalance on Pseudo Market-Neutral Strategy
      • Open a Leveraged Short/Long Farming Position
      • Adjust/Close your Leveraged Short/Long Farming Position
      • Open a Leveraged Yield Farming Position
      • Adjust/Close your Leveraged Yield Farming Position
      • Manual Harvest
    • 🤯Liquidation
    • 💸Price Impact
    • 📈Price effect vs Impermanent loss
    • ❓FAQ
  • Lending & Staking
    • 🏦Lending & ibTokens
    • 🗳️$SINGLE Staking (Cronos only)
    • 👣Step-by-Step Guide
      • Lend and Stake Assets to Lending Pool
      • Unstake and Withdraw Assets from Lending Pool
      • Upgrade to V2 Staking Vault (for existing lenders)
      • Withdraw Assets from Capital Protected Vault
    • ❓FAQ
  • Tokenomics
    • 🌠SINGLE Token
    • 🚅veSINGLE Token
      • veSINGLE Formula
      • Step-by-Step Guide
    • 🏨Protocol Governance
    • 💓Farming Reward
    • 🌕How to Bridge/Swap SINGLE
  • AUTOSINGLE
    • 🤖AutoSingle Protocol
  • Language
    • 한국어
  • Litepaper
    • Background
    • Liquidity Mining
    • Risks and Pain Points
    • The Single Finance Protocol
      • Pseudo Market-Neutral Strategy
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On this page
  • Verified contract addresses of SINGLE token
  • The Utility of SINGLE token
  • 1. Performance fee sharing
  • 2. Buyback and Burn
  • 3. Deflationary
  • 4. Governance
  • 5. Exclusive Strategies Opportunities
  • 6. Exclusive NFT Access
  • TOKENOMICS
  • Emission and Vesting Schedules
  1. Tokenomics

SINGLE Token

PreviousFAQNextveSINGLE Token

Last updated 1 year ago

Verified contract addresses of SINGLE token

Chain
Contract address

Cronos

0x338726dd694dB9e2230eC2bB8624a2d7F566C96d

Fantom

0xbDA9DF2cff1d36Ffc05E8e76Ec821B25dB8F3348 (v2, new) 0x8cc97B50Fe87f31770bcdCd6bc8603bC1558380B (v1, deprecated)

Avalanche

0x6e0c55f4f52E2BE3eAbbd368F1aE7edDeb4Ebf8a

The Utility of SINGLE token

SINGLE is the limited supply governance token for the Single Finance Protocol.

SINGLE token holders are able to participate in governance and shape the future of SINGLE, as well as determine key parameters for the interest rate model, fee rates, and the distribution of protocol fees and reserves accrued to the Single Finance Protocol.

SINGLE token holders can participate in protocol governance by staking SINGLE for xSINGLE in the future. The total supply of SINGLE is 1,000,000,000.

1. Performance fee sharing

There are several mechanisms for performance fee sharing and for making SINGLE deflationary in nature.

  • 10% of the strategy profit (i.e. strategy performance fees based on membership tiers) is distributed as Protocol APR to SINGLE token stakers.

2. Buyback and Burn

  • 9% of the strategy profit (i.e. strategy performance fees based on membership tiers) goes to Buyback and Burn.

  • All of 10% of the lending interest that lenders earn goes to Buyback and Burn.

Details can be found in the section.

3. Deflationary

SINGLE token is long-term deflationary. Emissions will last for approximately 36 months, with halvenings occurring every six months. A halvening means the budget for maximum tokens used for emissions during a 6-month period will halve relative to the previous period. The full amount of the budget will not necessarily be emitted during that period.

4. Governance

We will soon launch a governance vault that will allow community members to stake their SINGLE tokens to receive veSINGLE, where 1 veSINGLE = 1 vote, allowing them to decide on key governance decisions.

5. Exclusive Strategies Opportunities

Staking SINGLE token will allow users to access exclusive Single-Click Strategies that provide higher returns with lower risk.

6. Exclusive NFT Access

We are planning to integrate NFTs with actual utility into the platform. Users will have to hold SINGLE in order to benefit from this utility such as lowered performance fee and bonus rewards.

TOKENOMICS

Mining - Rewards for lending and leveraged yield farming

Partnership & Ecosystem - Pays strategic expenses including listing fees, audits, extra rewards for ecosystem and partners, and marketing fee, etc.

Team - Supports for continuous development

Liquidity Pool - Reserves for expanding liquidity pairs in different AMMs/DEXs

Seed & Private - Provides initial liquidity and bootstrap fees

Initial DEX Offering(IDO) - Provides lending pool assets to bootstrap our strategy

Advisors - Rewards for advice from our advisors

Emission and Vesting Schedules

🌠
Fee & Parameters
Updated at 5 January 2022