Polaris is a fairly distributed competitive farming protocol and launchpad platform on Binance Smart Chain.
Although BSC is the ideal chain for yield farming because of cheap tx fees, current yield farming solutions (including Goose and its numerous forks) are not optimal.
For example, these platforms will invariably insist on users depositing liquidity tokens to their platform, when there is no need for it given they are simply routing via PancakeSwap.
The majority of these tokens also have zero utility, rendering the entire farming process valueless from the outset.
In recent months, a plethora of projects have chosen to broaden…
Let’s jump right in!
The idea of the supernovas or this style of launchpad/yield farm was originally created by the genius minds over at GYSR on Ethereum. As the saying goes: “We are standing on the shoulders of giants”. So you can say Polaris is standing on a good foundation.
The supernova is a farming mechanism that allows projects on BSC to engage with their amazing communities and create liquidity mining events to either launch their token, NFTs or the next level — competitive farming events. …
As Polaris embarked on its partnership with the $JIND team and their amazing community, we encountered an issue with one of the supernovas. Namely, the stake $JIND earn $JIND supernova. Which decreased each stakers tokens while they were being staked in the supernova.
As you know the $JIND token is a RFI (reflective token) and with that unique mechanism came some first time challenges for us and our supernovas. For a technical understanding of what the challenge was we reference our big brother project $GYSR below:
OUR SOLUTION :
Needless to say we have discovered that the best way…
Follow the instructions in the app to create a new wallet or import one, Click on “Create a Wallet” to create a new wallet. You will have to enter a password, and you’ll be given a backup seed phrase. Store the backup seed phrase somewhere safe so that no one has access.
Yield Farming can be very roughly summed up as: The process of lending your cryptocurrency via the Binance Smart Chain (BSC), in this case, as liquidity to an underlying protocol which gives you a return in the form of yield or interest.
Welcome to the final frontier —
We want to start by saying thank you for your patience and belief in the Polaris project, we know we’ve been a bit quiet these last few weeks. Having said that, we want to reassure you that the team is here and. working. During our silence we’ve accomplished a lot and today we want to share our progress with you in detail.
Let’s get the most asked questions in the telegram chat out of the way first.
“When are you getting marketing?” “Any communication from the team??” …
Greetings fellow Polarites!
As you will all be aware, PancakeSwap has recently begun the process of migrating its liquidity over to a new V2 contract.
This is going to have an inevitable impact on Polaris, given that our exchange page uses their router and all of our current Supernovas utilise V1 PancakeSwap liquidity.
The migration has prompted discussions in our team about the future of Polaris and, more particularly, what changes we can make at this time to benefit our amazing community.
As such, we are excited to announce that we will be taking the PancakeSwap migration as an opportunity…
Recently, we launched the first three Polaris Supernova pools as a ‘proof-of-concept’ for our new competitive farming tech developed on BSC.
We also took our first steps into Phase 2 of our development roadmap by onboarding our first partner, ApeTools, who are the first BSC project to launch their own Supernova pools on our platform. We also have 2 more pending partner Supernovas, expected to launch next week.
These partnerships are integral to the Polaris platform and are essential in driving demand for $POLAR, increasing the total value locked in the platform and expanding the horizons of our thriving Polarite…
Now you can earn yields on virtually any BSC token you hold via Polaris Comet Pools!
A few days ago, Polaris crossed the $10 million TVL threshold, and have generated over $200,000 in fees which are flowing back to users in the form of wBNB Supernova pools (stake POLAR, earn wBNB).
These Supernovas are currently providing some of the best APRs available on BSC. And the best part is, POLAR stakers are receiving rewards in wBNB which is both very stable and liquid.