2: Yield Farming Platform
To participate in the MetaStonez investment platform, holders can purchase the $STONE token (ERC-20).
Each $STONE token is always valued at $100 USDT (or ETH equivalent).
When $STONE is purchased, the USDT used to buy it is transferred to the liquidity pool until the NFT holder decides to invest in one of the opportunities provided by MetaStonez.
When $STONE is invested, the USDT is transferred from the liquidity pool to the chosen investment opportunity. MetaStonez acts as a trustless intermediary in this process, as the contracts handle the transfer of USDT to the liquidity pool rather than MetaStonez directly.
$STONE can only be invested by holding a MetaStonez NFT, and depending on the investment opportunity, the NFT holder will be participating in various yield farming protocols.
Yield Farming Investments stay with the NFT, meaning the NFT owner will be eligible to claim $STONE, rather than the investor.
Upon claiming farmed tokens through an NFT, the tokens are converted to $USDT, and the holder receives $STONE tokens equivalent to their $USDT value. The farming protocol will always send the $USDT to the liquidity pool, and the liquidity pool will send the $STONE tokens to the NFT holder.
The NFT holder can now decide to reinvest the $STONE tokens, or also sell them back to the LP, which will buy the tokens at the same rate, it sells them for (100 USDT = 1 STONE), after which the sold tokens will be burned.
Through this, we are able to provide a trustless protocol, in which the liquidity pool's $USDT will always match the circulating supply of $STONE. This assures, that at any given time, there is enough $USDT to buy out all of the circulating $STONE in holder's wallets.
Upon selling the tokens back to the MetaStonez liquidity pool, MetaStonez charges a 5% burning fee of the sold tokens.
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