SafeSafu Insurance Fund (SIF)
SafeSafu Insurance Fund
SIF is the acronym for the SafeSafu Insurance Fund which is a separate wallet in SafeSafu's SAP system. The SIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the SIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02355% are backed by the SIF parameter, thus ensuring a high and stable interest rate to $SAFESAFU token holders.
5% of all trading fees are stored in the SafeSafu Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
SIF Keeps holders safe by:
Avoiding flash crash through price stability
Achieving longterm sustainability and future growth of the SafeSafu Protocol
Greatly reducing downside risk
SIF Address: 0xAE24Bcc3293025d523ea1D45839b3C8060cEF88e (Gnosis Multisig)
Last updated