Liquidity Mining V1

These days, DeFi, AMM (e.g. Uniswap 🦄) and Yield Farming have increasingly become a broadly discussed topic among the crypto communities, especially with many new interesting projects emerging. The AMM+Yield Farming Model in particular, is one of the most popular genre of projects. 
The common model of AMM is by depositing a token pair in a liquidity pool, the trader will receive a % fee from the transactions in the pool. Currently, the most popular model combines the AMM model with Yield Farming. This model sees the staking of a token pool’s Liquidity Pair token which in turn, earns even more rewards for the trader. This staking of LP tokens to earn rewards is also known as liquidity mining.
Many new projects in the BSC network provide the ability to stake popular token pairs such as BNB/BUSD. And the more popular a project becomes, it creates a high demand as traders scramble for the project’s unique LP tokens to farm rewards with high yields. This is the key reason that the BSC chain is plentiful with AMM projects at the current time.
However, there is one drawback of this popular AMM + Yield Farming model. Some of these projects follow a model which allows for unlimited minting of tokens. When demand becomes less than the supply, inflation occurs - which then makes their liquidity mining unsustainable in the long run.
👉 To solve this problem and move towards better sustainability, we at Narwhalswap have created a protocol to optimize the system.
In Narwhalswap, we provide liquidity mining that takes full staking opportunities of other BSC projects in the network and will continually invite more projects to join our efforts.
The Narwhalsap protocol will allow the staking of other project’s tokens, which will provide the trader with an NLP token (the representation of our Narwhalsap token). With this NLP token, you will be able to earn NAR tokens as well as the use of rNLP tokens for liquidity mining in other quality projects of the BSC network.
With this initiative, we will assist other projects to have the freedom to grow their own token without the burden of creating and sustaining their own swap on the BSC network.
As for the sustainability of the NAR token, we have assigned a total supply 21,000,000 NAR. We will also have an adjusted liquidity mining mechanic, which will be different from the popular model in the current market.
The popular formulas of current liquidity mining are as such:
Narwhalswap will adjust the algorithm from the user staked amount and convert to NARPOWER. This formula model is:
BUFF RATE depends on the staked days. It starts at 1 when staking and increases by 50% per day until the MAXIMUM BUFF RATE. And reset to 1 when harvesting NAR tokens.
What is the MAXIMUM BUFF RATE? 
For making sure that the whale 🐋 does not get a lot of pool share. Therefore, the MAXIMUM BUFF RATE must be set for each range. We divide users into three ranges.
1.
Tiny: user with the smallest staked amount
MAXIMUM BUFF RATE = 9
2.
Common: users with the intermediate staked amount
MAXIMUM BUFF RATE = 15
3.
Huge: users with the most staked amount
MAXIMUM BUFF RATE = 3
The numbers of three range are depended on the total users as below:
Total users
Huge
Common
Tiny
0-99
0-10
11-20
>21
100-199
0-20
21-40
>41
200-299
0-30
31-60
>61
300-399
0-40
41-80
>81
>400
0-50
51-100
>101
With Narwhalswap Protocol, we’re able to make a sustainable ecosystem and attraction more projects to settle down on BSC.
Narwhalswap —NAR Liquidity Mining V1
NARWHALSWAP will officially launch our Liquidity Mining pools for the public on the 15th of September, 2pm UTC (72 hours from the presales).
NAR has a total supply of 21,000,000 NAR tokens, 80% of which will be distributed via liquidity mining.
Total supply: 21,000,000 NAR
Mining supply: 16,800,000 NAR
Halving period: Once a week
The NARWHALSWAP Launch Set of Liquidity Pools (LPs) for farming NAR tokens:
1) NAR/BNB Liquidity Pool
20% of the Mining pool (4,200,000 NAR)
2,100,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.
Narwhalswap NAR/BNB LP Token address: 0xb6B0ba4e208AB93602be7a81f1400a7c7Daad1f2
2) BUSD/BNB Liquidity Pool
8% of the Mining pool (1,680,000 NAR)
840,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.
Narwhalswap BUSD/BNB LP Token address:
0x5ec32c21c9a6215d239f2bd0df22d7632b4717c3
3) USDT/BNB Liquidity Pool
5% of the Mining pool (1,050,000 NAR)
525,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.
Narwhalswap USDT/BNB LP Token address:
0xb35513a130ce5bcff1154d055b21368c8822c00d
4) DAI/BNB Liquidity Pool
5% of the Mining pool (1,050,000 NAR)
525,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.
Narwhalswap DAI/BNB LP Token address:
0x8e68f1ad3ce2e7b01ecdfd0870d645cbe446e4b1
For future additions, once the Voting is live the community can vote to add more official NARWHALSWAP Liquidity Pools to farm NAR. We leave that choice to you!
Additional Mining Notes:
1) 10% of the mining rewards from users will be allocated and distributed to the dividend pool (to be distributed to NAR holders).
2）IMPORTANT: NAR tokens will undergo a 5% deduction from all trades. From this 5%, 2.5% of it will be burned and the remaining 2.5% will be transferred to the dividend pool (to be distributed to NAR holders).
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Narwhalswap —NAR Liquidity Mining V1