Rocket Farming

3 min readJun 17, 2021

High yield farm deployed on Matic network

Deployment

Rocket Farming is a high yield farming project which is deployed on Polygon-Matic network. The reason Rocket is on Polygon-Matic is simple: network have huge potential for further expansion while transaction fees are drastically low in term of $.

The Rocket contract and MasterChef contract was deployed at 06.15.2021

Rocket: 0x5A171afa88476EcD402CcC1FB31A7f6A7F89B36a

MasterChef: 0xE0722cec11006d8b5f45376baF9a2f100e4eb74e

Initial minted supply was 15 000 Rocket and were added right after contracts deployment. 7500 Rocket were added for Rocket-USDC pool and 7500 were added for Rocket-WMATIC pool. Ofcourse initial liquidity was burned:

Rocket-USDC LP: polygonscan.com/tx/0x6a47368752b216cbd844d0c156d4ed16e85e5bbfd9b64ffb790b85a3ab509d03

Rocket-MATIC LP: polygonscan.com/tx/0x4e1caa9265ca7928a264466117ce4ded52eb2305e84a21bcf7103587a5dbdb8e

The migrator code has been removed from our MasterChef contract and 48 timelock was added to the MasterChef contract before launch: polygonscan.com/tx/0x54c0bb8d9c2d8a09f15cfc41e9be3526a0f81af8afa42d8163d4d13ba5eddcb1

There is no pre-sale

Farming

All 9 farms will be launched at block #15893872 which is estimated for Sat Jun 19 2021 11:29:27 GMT. The time to generate a block on Polygon-Matic network is variable and a change in the estimated time is possible. You can monitoring it here: polygonscan.com/block/countdown/15893872. Max supply will be reached when the last 10 milion Rocket is produced. Farming rate will be 10 Rocket per block for all 9 farms.

There are 4 LP farms:

Rocket-USDC 50x
Rocket-Matic 50x
Matic-USDC 20x
USDC-DAI 20x

And 5 staking farms:

Rocket 50x
WMATIC 20x
DAI 10x
ETH 10x
QUICK 10x

Note that every non Rocket farms have a 4% deposit fee.

Fighting Inflation

Emission Reduction

Rocket Farming have several unique features for fighting with the inflation. One of them is our emission rate reduction logic which is coded in the smart contract and will be executed once automatically every ~8 hours. The emission rate will be reduced by 3% every 9,600 blocks automatically until it reaches 0.1 Rocket per block.

Double Burning Mechanism

Buyback Burning Mechanism‌

4% deposit fee will be charged at staking.
80% of the deposit fee (4%) will be allocated to buyback Rocket and burnt.
20% of the deposit fee (4%) will be allocated as a dev & emergency fund.
Buyback burning will happen every 2mil TVL.‌

Transfer Tax Burning Mechanism

Every transaction (send, swap, farming, etc.) of Rocket will be charged a 5% transfer tax.
5% transfer tax will be burned directly in every transaction.
Use 5.5%+ slippage to buy Rocket on QuickSwap. Less than 5% slippage will cause the transaction to fail.

Initial Farm Offering or just IFO

This is mechanism for reducing Rocket supply. When there is IFO you can use Rocket-WMATIC LP to participate. You get IFO token, IFO token will get only WMATIC from Rocket-MATIC LP and the Rocket will be burned. IFO represent partner token which will be sales through our IFO broadcast and will help to reduce Rocket supply.

Statistics

For nearly two days Rocket Farming have achieved a way more then expected. There are more then 230 unique addresses, more than 170 members in Telegram chat, more than 35 Twitter followers, market cap peak was more than 130 000$, have been reviewed by Rugdoc, have been listed on Vfat and Dappradar. Coingecko and CMC request is submitted too. Rocket top holder is Dead address which is holding more than 3700 Rocket.