Pacific DeFi is now working on its staking contracts: PACIFIC and the PACIFIC-MATIC LP contracts , which will be audited by a reputable auditing firm, NonceAudits, and continuously checked for quality.
These audits increase the robustness of our smart contracts and the safety of funds invested through Pacific DeFi.
Our auditors will audit some of the most complex and reusable investment strategies used within the platform. This ensures the safety and sturdiness of important platform aspects that the majority of our users interact with.
We will update this page with all the audits once they are completed.
Liquidity mining is a term used in DeFi applications where users supply liquidity to decentralized financial applications and receive rewards for doing so.
In the context of Pacific DeFi, liquidity mining refers to users (Liquidity Providers, or LPs) supplying both assets to a given trading pair market so that the protocol can execute trades.
Whenever liquidity is deposited into a pool, PACIFIC tokens are minted to the Liquidity Provider’s address, in proportion to how much liquidity they contributed to the pool. These tokens are a representation of a Liquidity Provider’s contribution to a pool.
Whenever a trade occurs, a 0.25% fee is levied and is distributed pro-rata to all Liquidity Providers in the pool. The user is able to claim the fees when they take their assets back from the protocol.
A yield aggregator is an automated service that seeks to automatically compound token rewards given to Liquidity Providers in order to gain the maximum possible return on crypto-investments when staking.
Each vault in the Pacific DeFi ecosystem automatically auto-compounds the farmed rewards given from staked assets in the vaults/pools and reinvests them back into the liquidity pool.
This compounds the amount of interest received and increases the amount staked that the yield is based on. With unique yield optimization strategies deployed in the vaults, auto-compounding farmed rewards is done efficiently and automatically via repeated processes that can be processed up to thousands of times a day.
This simple method of auto-compounding farmed vault rewards is the reason users can find large APYs found on Pacific DeFi's platform.
APR (Annual Percentage Rate) is the yearly interest, minus fees. This does not include compounding effects that occur from reinvesting profits. If you were to invest $100 with 100% APR, you would make $100 in profit.
If you however reinvest your profits regularly, you will compound your interest. This calculated over a year gives you your APY (Annual Percentage Yield). The more often you compound your interest, the greater the difference between APR and APY.
APY is the annual percentage yield offered from a particular investment. This takes into account compound interest, giving you an accurate idea of your returns compared to simple interest.
Large APYs in the percentage of thousands are possible with investments that provide daily yields of 1-2%. Due to your liquidity pool rewards being constantly farmed and reinvested, the interest compounds on larger and larger amounts.
Currently you can use a DeFi dashboard that will be able to calculate exactly how much profit you have made on your allocations. Pacific DeFi will look to partner with a 3rd party tool provider that can display accumulated earnings directly on the platform.
$PACIFIC has a maximum supply of 100,000,000. The circulating supply with gradually decrease over time through built-in burning and regular burning events.
The treasury funds are used to cover the expenses involved in running Pacific DeFi. These expenses include salaries, audits, maintenance, bug bounties, etc.