What is Six Pack Finance

sixpackfinance
2 min readFeb 25, 2021

Six Pack Finance is a suite of products in Decentralized Finance (DeFi) that provides yield generation and insurance on Binance Smart chain. The protocol is maintained by the Six Pack Finance team and is governed by the token holders of Six Pack Finance governance token, SIXP.

SIXP Token Info:

Total Supply: 30,000 SIXP (100%)

Pancakeswap Listing: 18,000 SIXP (60%)

Reward Pool: 9,000 SIXP (30%)

Development & Improvement Reserve: 3,000 SIXP (10%)

Products:

-Farm: SIXP Farming Pool (For SIXP-WBNB LP) will be available and farming rewards of 9,000 SIXP (30% of total supply) will be emitted and distributed to the farmers.

-Vault: Vault can be defined as capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have a proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy for investors.

-Shield: Shield is a form of insurance that enables users to obtain coverage against financial loss for various smart contracts and/or protcols on the Binance Smart Chain. Cover is underwritten by Helmet.

-Governance: Any major changes and further improvement of Six Pack Finance is controlled by SIXP token holders who submit and vote on off-chain proposals that govern the ecosystem. The team will plan and implement the voting results voted by the token holders.

Overall, Six Pack Finance is one of the Decentralized Finance (DeFi) yield generation and insurance providers on Binance Smart chain.

Official Website: https://www.sixpackfinance.org/

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sixpackfinance
sixpackfinance

Written by sixpackfinance

Six Pack Finance is one of the Decentralized Finance (DeFi) yield generation and insurance providers on Binance Smart chain. https://www.sixpackfinance.org/

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