Circle Base Finance 's Auto-LP Provide
Every 24 hours, the CBF Auto-Liquidity Provide Feature will inject automated liquidity into the market. On each buy or sell order there is a tax fee (3%) that automatically gets stored into an Auto-LP wallet and built into our protocol's smart contract.
This mechanism automatically converts 50% of the amount of $CBF stored in the wallet into BNB at the current market rate. The remaining 50% of $CBF in the Auto-LP wallet will be used for the $CBF side of liquidity, establishing an equal 50/50 weighting of CBF/BNB. This additional half will be used to strengthen the CBF liquidity.
Smart contract will do this every 24 hours, adding the accrued fees, allowing $CBF token holders to easily sell their tokens at any time with little to no market slippage. It will also aid in supporting protocol stability to make sure the APY is upheld for the entire life of CircleBase Finance.