âī¸Auto-Compound
Last updated
Last updated
The $PRMTS token is the PROMETHEUS Finance governance token. By simply holding it, it allows you to generate daily passive interest thanks to the Auto Staking/Compounding feature.
Buy-Hold-Earn
By simply buying and holding $PRMTS token in your wallet, you earn rebase rewards as interest payments directly into your wallet. Your tokens will increase every 20 minutes.
Using a positive rebase formula, $PRMTS makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards, worth 0.02453876% every 20 minutes.
The rebase rewards are distributed on each EPOCH (20 minutes rebase period) to all $PRMTS holders. Holders receive a daily compound interest of 1,84%
This means that without moving their tokens from their wallet, $PRMTS holders receive an annual compound interest of 78,819% for Year 1.
After 1 year, we will introduce our Sustaining APY system which will use our log revenue to determine a new APY at the beginning of each month and ensure the long-term health of the DAO.