This article will give you a deeper insight into the Cake Monster protocol and how its underlying features and functions will work in detail. Have fun digging!
The Cake Monster protocol is designed to run in perpetual cycles, during which it burns off its initial supply until it reaches its programmed minimum of 1M tokens (deflation rate per cycle 99.9%). At the same time, it builds up a protocol backing vault (called “Gravity Vault”) containing $CAKE, which acts as price anchor and makes itself available as a sophisticated reward system for holders of the native $MONSTA token.
A part of the protocol taxes (2.5% per transaction) is used to fill up the so called “Temporary Vault” with $MONSTA tokens. This vault acts as a proxy between the Blockchain and the $CAKE “Gravity Vault” and will be used to fulfill two tasks. These tasks are: Add a portion (10%) $MONSTA as locked liquidity to the LP, swap $MONSTA for $CAKE and add $CAKE to the Gravity Vault.
Another part of the protocol taxes (2.5% per transaction) is used to burn $MONSTA forever.
A protocol cycle is controlled by two distinct and rewarding functions that can be called by anyone, plus an additional function that promises recurring rewards for $MONSTA holders.
If the temporary vault ($MONSTA)> .01% of total supply the VAULT MANAGEMENT function becomes available and can be called by anyone. This function triggers the following chain of events (or steps), executed by the smart contract:
Each time the total supply decreased 1%, $MONSTA holders become eligible to claim a base reward in the form of $CAKE from the Gravity Vault, equivalent to their current holdings versus total supply:
*new changes were implemented on August 25 2021 after a community vote. This section is edited to show the current rules of the function
If no >= 5% action (buy/transfer/sell) is recorded from a bearer wallet for 50 consecutive days, the AUTOMATIC CASH OUT function can be triggered by anyone. This measure is essential to the hyper-deflationary logic of the protocol, and without it the targeted end supply would never be reached.
The end of the protocol cycle is controlled by three different functions that can be called by anyone. It basically rewards all holders with their share of the permanent vault and relaunches the protocol.
If supply <= end supply (1,000,000) the CLAIM GRAVITY VAULT function becomes available to anyone and all trading will be halted.
Claiming Gravity Vault
For 35 days anyone can claim their share of $CAKE, equivalent to their $MONSTA holdings versus total supply at the time of trading halt.
After 35 days claiming period the RELAUNCH function can be called by anyone to kickstart a new cycle.
All of these functions can be managed interactively by the Cake Monster Dashboard! Here a little sneak peak for you!
Our next articles will lay out the Cake Monster Litepaper, providing some extra graphs and other visualizations for a better understanding of the whole as well as our Roadmap.
Dive into the furry world of a super deflationary multi-feature and dividend yield token on BSC with cute memes, hairy NFTs, delicious community rewards and much much more sweet ingredients, RAWR!
Cake Monster ($MONSTA) offers a multitude of great features aimed at building a flexible and multifaceted dividend yield and reward system for participants without compromising the sustainability or security of the ecosystem and combines this with smart design, creativity, and organic growth.