The World’s First Liquidity Rebasing Program with the rTAX3 Token
Tags: Blockchain, Uniswap, Defi, Cryptocurrency, Farming

The World’s First Liquidity Rebasing Program with the rTAX3 Token

Great news rTAX3 community! The presale was a massive success. We distributed the $rTAX3 tokens into the hands of 70+ early supporters including Dextools, Solidity.finance, Gem Chasers, Infinity Gainz, Helin, Uncle Bob Crypto, Defi Oracle, Bitcoin Revolution, Gem Radar, Coin Market Cap, and many more believers in the utility of our rebase technology.

We have been speaking with several defi funds and they understand how we are the first project that has a real use case and utility for this new rebasing mechanism. Integration of the rTAX3 protocol into payment gateways will deliver the community’s vision of taxes redistributed to citizens of the world.

All holders of rTAX3 right now can see the smart contract code that does the magic everyone on CT is fawning over.

Your rTAX3 balance is growing with every single value transfer on the network. No claim needed, no token distribution scripts, no internal txns against your wallet. Our rebasing tech magically drops it into your wallet in real time.

We are still very early stage and we really need a big and strong community to take this tax protocol to the masses. The more utility it gets, the more taxes you get distributed. It is win-win for anyone who sees where this is going.

With that said, who would be open to working closely with the rTAX3 team on liquidity rebasing?

What is Liquidity Rebasing?

$rTAX3 has been enabled on MainNet for public usage. As touched on in the writeup on being a tax collector vs a tax payer, we are the first project to implement the rebase mechanism for the real utility of redistributing taxes to citizen of the world. We are ready to accelerate the amount of rebasing going through the system.

In typical liquidity mining programs, liquidity providers need to “stake” their Uniswap LP tokens to earn rewards. Then you have to take those rewards and add it back into the Liquidity Pool leaving you with manual work with transaction fees that you need to remember to do.

With the launch of Liquidity Rebasing, we aim to shift the incentive from paying out LP token stakers to directly injecting them into the pools via the rTAX3 rebase mechanism. These direct pool injections we will refer to as Liquidity Rebasing Rewards.

rTAX3 will reward the Liquidity Providers at the base level, instead of driving users to stake LP tokens up in search of yield. Liquidity Providers can simply add liquidity and upon removal of liquidity later down the line, their rewards will be baked in.

Benefits

Accelerated Compounding Rebasing Rewards

When you are holding just $rTAX3 tokens in your wallet, you get a portion of the 3% tax redistributed to all token holders. When you become a Liquidity Provider on Uniswap, you will benefit from a large and growing Liquidity Pool that has the rebasing rewards baked in. The larger the pool, the more trading of the token, the greater the rebase rewards

So imagine you just got your first rebase last night. The rebase tokens went directly into your Uniswap pool. And since people will be buying so much rTAX3, you will almost immediately got more ETH in the pool. Basically all rTAX3 will be instantly converted to ETH in this scenario, but still stays within the pool always increasing the token price. It is a vicious cycle of utility if this gains adoption. We need the community’s support.

Offset Impermanent Loss

‘Impermanent loss’ refers to a reduced return when comparing the value of your liquidity assets to simply holding the tokens over that time period instead. Please start with this article to gain some comprehension of this; it is very important all AMM users have some level of understanding of what most refer to as ‘impermanent loss’.

The rTAX3 Liquidity Rebasing rewards being injected into the pools will help offset some concerns that liquidity providers might have about impermanent loss, especially if they are expecting large price appreciation specifically in rTAX3.

Increased Swap-Demand

Over time with rTAX3 being added one-sided to the pools via the Liquidity Rebasing Reward, the ratio between rTAX3 and the other token in the pools (we currently have only the rTAX3/ETH pool), but we can expand) becomes unbalanced vs market price and creates an arbitrage opportunity.

This should create more demand for swapping in the pools and therefore more fees going into the pools for liquidity providers… and more Liquidity Rebasing Rewards being directed at the pool… and more arb opportunities leading to more swapping, leading to more fees, leading to more dividends… and so on.

There are obviously limits to this and dilution will occur especially in the early stages before our tax ecosystem reaches global adoption, but it will help with incentivizing liquidity providers for adding liquidity to the rTAX3 pool.

Join the World’s First Liquidity Rebasing Program

All you need to do is add rTAX3 into the Uniswap Liquidity Pool here:

https://uniswap.exchange/add/0x2fbf522c8a514cdee64e5e3fbd37faa1555dff4c/ETH

https://uniswap.exchange/add/0x2fbf522c8a514cdee64e5e3fbd37faa1555dff4c/ETH Our rebasing technology will automagically take care of the rest and you will receive the rewards whenever you want to remove your liquidity from the pool.

Up to 888% APY

Official Links

Website: http://defidisciplelabs.finance

Twitter: https://twitter.com/defidisciplelab?s=03

Chat Group: https://t.me/defidisciplelabs

ANN Channel: https://t.me/defidisciplelabsann