Snowball Finance is a yield optimizer that is built on the Avalanche Network. The platform focuses on breaking walls and boundaries for users who are thrilled about DeFi’s potential.
The primary objective of the platform is to provide a one-stop DeFi solution for both newbies and experienced traders. The Snowball platform makes use of the Binance Smart Chain (BSC), leveraging its transaction speed, competitive gas fees, and rapid growth offering DeFi’s yield forming to users at transparent and low fees
In offering one of the best-optimized yield farming in the crypto industry, Snowball Finance features;
- Strong Security measures such as Multisigs and Timelocks protocols to help secure the platform and build trust within the community. Our code has been reviewed by one of the most reputable security auditors in the industry.
- Competitive and Transparent Fees to ensure users considerably low gas fees on every transaction.
- Compounding and Buyback Mechanism to make sure there’s a smooth flow of buyback of the Snowball Token from the market while users benefit from automated compounding returns on their yield farming.
- s3D StableVault to give users access to the first stable asset AMM established on Avalanche with USDT, DAI, and BUSD.
Buyback Mechanics
The brains behind Snowball Finance understand the importance of sufficient liquidity for the Snowball Token. Hence, the reason for the buyback mechanism feature.
To ensure that the community has long-term participation in Snowball, the team behind the platform set aside 2% of the glacial vault returns to buy back Snowball Token in the market. This buyback helps to facilitate a healthy ecosystem within the Snowball community.
Glacial Vault
Snowball Finance offers ease to its users by doing away with the tedious manual work that traders normally have to do, in tracking their compound earnings. The platform also takes into account on-chain factors and several markets to come up with techniques and strategies that can generate snowball yield rates for its users.
In layman’s terms, the platform automates manual compounding and calculations all for the ease of its user.
Risk
Every investment has its own risks and DeFi projects are not exceptions. All DeFi projects make use of a series of smart contracts and therefore have their unique risks.
We recommend that you “do your own research” (DYOR) even after going through this guide to have a full grasp of the risks associated with Snowball Finance.
Token Supply
Snowball Finance capped the Snowball Token at 10,000,000 units.
Released Token
The Snowball management plans to pre-mine a total of 400,000 Snowball Token (SBT) to provide liquidity to users and carry out some promotional marketing. The remaining tokens, however, will be released within one year via a decelerated emission schedule.
How To Buy Snowball (SBT) Token
The Snowball (SBT) token is available and can be purchased on the Binance manner. You can buy as many units as possible using the token address 0x23dE6D136ae765f256619c57201FF57C25ACB565.
Ensure you make use of this token address to avoid buying a different token from the SBT token. Also, make sure you have more than enough BNB in your wallet to cover the SBT token you want to buy and the transaction fees.
Conclusion
The Snowball Finance project has an incredible prospect in the crypto industry and will be able to pass the test of time considering the many solutions it is bringing to the table.
