SafeDollar — The Next Generation Algo Stablecoin on Polygon

Inspired by and improved from all predecessors, we are pleased to present the next generation algorithmic stablecoin on Polygon. SafeDollar will be the first and only algorithmic stablecoin that combines unique features of seigniorage, deflation protocol and synthetic assets.

Pre-Launch — Airdrop

Each wallet can claim 6.889999999999999999 SDO once. The airdrop is organized on a first come — first serve basis, until the whole 100,000 SDO is fully distributed.

After 4 weeks, the remaining unclaimed SDO in the contract will be burned.

Stage 1.1 — Seed Pool

  • WMATIC (2% fee): 10x
  • WETH (2 % fee): 10x
  • USDT (0% fee): 1x
  • USDC (0% fee): 1x

Deposit fee is sent to ReserveFund for providing SDO and SDS liquidity later.

Open liquidity pools (SDO/USDC: 20x) on QuickSwap 36 hours after launch.

Stage 1.2 — Airdrop

Stage 2 — Liquidity Mining Pool SDO/USDT to earn SDS

3 tokens algo stable coin with auto deflation for Share

When SDO is over $1, no tax fee

When SDO is under peg (<1$):

  • Tax = Min[0.1, (1 — price) * 0.2]
  • 0.5% sent to Jackpot fund
  • 0.5% sent to Boardroom

2. SDS (share token)

  • TX fee = 2% (50% to buyback SDO and burn, 50% to add liquidity)

3. SDB (bond token)

  • When SDO under peg, convert SDO for SDB to get bonus when price over peg

Use Cases for SDO

What is Safe Assets: Safe Assets are partial collateral assets, you can mint/redeem native token to safe assets with collateral utilization (max 18%) and trade with SDO.

  • USDT + SDO (max 18%) → safeUSDT (sUSDT)
  • WMATIC + SDO (max 18%) → safeMATIC (sMATIC)
  • and more

These safe tokens can be used for trading and/or lending on other platforms to bring profit back to SDS holders.

2. Relax room

  • Mega Jackpot (with fund from boardroom)
  • Decentralize games

Distribution

  • 100k to airdrop for BasicCash, Mithcash, bDollar, Iron.Finance, MidasDollar, Safemoon, Quickswap, PolyDoge top-holders
  • 400k for farming in 10 weeks (90k first week — halving 20% weekly)
  • 20x SDO/USDC (no fee) (open after 36 hours)
  • 10x WMATIC (2% fee)
  • 10x WETH (2 % fee)
  • 1x USDT (no fee)
  • 1x USDC (no fee)

SDS:

  • SDO/USDC earn SDS
  • SDS/USDC earn SDS
  • SDS/USDC earn SDO (from boardroom)

Safe-Assets:

  • safeUSDC/SDO earn SDS
  • safeWMATIC/SDO earn SDS
  • safeWETH/SDO earn SDS
  • safeWBTC/SDO earn SDS

SDS

  • Private sale + IDO: 2.5%
  • Dev + MKT: 17.5% (vesting in 80w)
  • DAO: 20% (vesting in 80w)
  • Farming: 60% (in 80w)

Safe Center

  • SDO expansion rate
  • Fee mint/redeem from Synthetic Assets
  • Trading fee

Reward distribution:

  • 35% for staker in boardroom
  • 15% for SDS LP providers (locked in 80w)
  • 40% for DAO fund
  • 10% to lottery

Rule:

  • Maximum 1% SDS circulating supply per address.
  • More details to be posted at the seperate article and documentation page

With its unique tokenomics and combined features, we strongly believe that SafeDollar will redefine the algorithmic stablecoin concept and set a new standard on Polygon landscape.

— — — — — — — — — — — — — — — — — — — — —

Contracts:

— — — — — — — — — — — — — — — — — — — — —

Join SafeDollar Community at:

Algo Stable Coin X Deflation Protocol X Synthetic Assets