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FAQs
Mad Meerkat Optimizer is a new and rapidly growing DeFi yield aggregator that is used for MM Finance. Mad Meerkat Optimizer empowers farmers to leverage their yield-seeking tendencies to optimize yield compounding strategy in DeFi. We are providing strategies for the various needs of farmers from the highest yield seekers to the risk reward optimizing smart investors.
We wanted to create a platform that automatically compounds yields for all individuals, no matter how small your stake may be. Our goal is to expand the DeFi ecosystem while providing users with various strategies to maximize returns while minimizing risk.
Currently, the majority of our farms are those that exist on MM Finance. Essentially the farms on our platform get permission from individuals via smart contracts to automatically compound and reinvest yields on behalf of individuals.
Compounding yourself on MM Finance is a very tedious process and it is often hard to know the optimal frequency and timing of when to compound and reinvest your yields. MMO does all of this for you plus saves you gas fees.
MMO Token is our native governance token. MMO holders govern our ecosystem and receive the majority of farm performance fee profits. Holding/Staking MMO is not only beneficial for individual profits, but also ensures the MMO Ecosystem runs smoothly.
Every Farm requires a different LP Token. Furthermore the different Farms represent different risk tolerances for MMO users. A high APY usually means more volatility in the underlying token price. For example, USDC-USDT has a much lower compounded APY than MMF-USDC, since USDC/USDT is a stable coin which is pegged to the dollar and does not experience volatility.
Systematic Risk
The Systematic Risk would be the decrease of monetary value of assets deposited, be in CRO, WMATIC, MMF, etc. For example CRO could be $30 when you deposit and $25 when you withdraw
Idiosyncratic Risk
The Idiosyncratic Risk would be risks associated with our actual project. Although our code has been audited by Certik, there are always risks that projects will fall victim to malicious hackers. That being said, our MMO developers account for the security risks of smart contracts and only will interact with contracts that meet the security threshold.
Because the APY is constantly changing on MM Finance, the Compounded APY on the MMO Platform is constantly changing. Furthermore, because this APY is calculated via compounded (exponential growth), it cannot be calculated in a linear manner (i.e. APY/365) So long as you hold your tokens in our farms for an extended period of time, your assets will continue to grow exponentially.
MMF or the LP tokens are all used from MM Finance, we automatically compound yields via MM Finance.
MMO is minted via the project’s smart contracts.
When the user executes a Claim on their profits in a given Pool, they receive 70% of the profit’s value in the respective auto-compounded farm token, and receive 30% of the profit’s value in MMO.
This 30% worth of profit is calculated in $ equivalent of CRO, and for every 1 CRO the user gets 0.25 MMO .
Currently, all the farms get compounded except for the MMO Staking farm.
When the user executes a Claim on their profits in a given Pool, they receive 70% of the profit’s value in the respective auto-compounded farm token, and receive 30% of the profit’s value in MMO
Withdrawal Fee
There is a 0.5% withdrawal fee from Farms only if a Withdrawal happens within 72 hours of deposit. This fee exists to maintain the smooth flow of the ecosystem and to prevent possible exploitation from individuals acting under bad faith. For example if there was no 0.5% withdrawal fee within the 72 hours, someone could keep depositing right before the compounding takes place and withdraw right after and still reap the same benefits and continuous long-term holders.
Performance Fee
When you choose to Claim profits from a pool, a 30% performance fee is collected to reward MMO stake holders. In return, all pools are rewarded with MMO tokens. For every 1 CRO in fees collected, 0.25 MMO is rewarded (this amount that is minted is subjected to adjustments. In the event MMO price goes up, minting will be lesser).
Yes. On the Pool screen:
- 1.Next to the “Deposit”, tap or click ‘Withdraw”
- 2.Enter in the amount of Tokens you wish to withdraw or select “Max” to select all of your Tokens in the pool.
- 3.Tap the “Withdraw” button at the bottom
The GAS LIMIT is the maximum amount of gas that can be spent on a transaction. In some pools the GAS LIMIT is set higher than others even on claim actions. This is due to the complexity of our contracts and to ensure the transactions do not fail in case of CRONOS instability or high transactions load.
Take note that the gas spent will be usually half of the gas limit set. You can always check the transaction on cronosscan.com to see more details.
Your balance is the instantaneous sum of your deposited principal and your unclaimed profit at the moment that you claim and immediately redeposit the profit into the pool.
At some points, the balance may decrease because the price of tokens relevant to the pool may have fluctuated.
Withdraws within 72h will have a 0.5% fee applied. This timer is reset every time you make a new deposit. Claiming rewards on the pools that allow it does not reset the timer.
At the moment of withdrawal (exit & claim) the performance fee is exactly calculated (30% of profits) and MMO is rewarded.
If you see 0 TVL or 0 deposit just try refreshing your browser and reconnecting your wallet.
Unfortunately this seems to be a common issue on the chain lately. Try increasing to 6000 GWEI. When this happens, it is probably happening on MM Finance (and other projects as well), and it is generally fine if you use 5000 GWEI.
The MMO Project was created by a team of developers and blockchain specialists! Like all other Yield Aggregator Projects, we believe our code is who we are! Thus, we will ensure to provide full transparency and let our code speak for itself.
Let’s assume the APR of the MMF-CRO farm is 365%. This means that on average if we divide 365% by 365 days, we get a daily return of 1%. Now since MMO compounds this 1%, we can estimate the compounded APR using the following calculation: (1+0.01)^365 - 1 = 3678%.
Keep in mind that this is an assumption that only holds true if the APR of MMF farm stays constant through one year. However, this is obviously not the case since the APY also changes by the second. We can use the same calculation for the rest of the Farms as well!
Our Maximizer farms put the daily yields from the Farms, into the MMF compounding pools. The Stable Coin Farms have a current APY of 30%, but if we use the maximizer farms the APY increases to more than 100%. This strategy is truly unique and advantageous since the principal investment does not get touched, and only the extra yields from the farm get invested in the more volatile, high risk-high reward MMF pool.
The auto compounding varies from pool to pool. Its up to 48x a day!
All pools that have “auto-compounding” in their description are auto-compounding the profits. The MMO figure that appears on the Profit line is what you would receive at the moment you choose to Claim.
Last modified 1yr ago