About YEET
A simple game where the last player to yeet (deposit) $BERA into the prize pool, wins the whole prize pool.
Revenue
- 10% of every yeet is taxed
- 7% of this is given to $YEET stakers (real yield)
- 2% given to BERA8, to be used for retroactive ecosystem and public goods funding
- 1% is used to increase liquidity of $YEET/$BERA pool (bribes or POL)
Yeeting Rewards
Players still have an incentive to yeet and play the game even if they do not aim to be the winner of the game. This is because all players receive $YEET tokens just for playing.
There is a predetermined amount of $YEET tokens to be emitted each day, and each player is eligible to claim a pro-rata share of these emissions according to how much $BERA they yeeted in the past day relative to the total amount of $BERA yeeted during that period
Architecture Diagram
Legend
Shape colors
- Grey shape: users, stakers, and LPs
- Yellow shape: contract deployed by Yeet It
- Other colors: contract deployed by an external protocol
Line colors
- Yellow line: $YEET flows
- Brown line: $BERA flows
- Purple line: Partner protocol tokens
Shape types
- Diamond: smart contract
- Rounded square: contract that holds a pool of value
- Square: external user/stakeholder
Flywheel
Flywheel go brrrrrr
Liquidity will be incentivized for $YEET after conducting an IDO. This will ensure a fair market-discovered price is attained, and that swaps can be made with minimal slippage. Rewards for yeeting and liquidity provision – paid in $YEET – will be highest right after launch, rewarding early users. Users may wish to yeet just to farm $YEET as it is liquid. Other participants may wish to LP and farm $YEET instead, which requires them to buy $YEET, if the latter occurs first, then the former will follow as the yeeting rewards are liquid and can be farmed and dumped.
Both scenarios lead to $BERA being yeeted into the prize pool, this leads to higher revenue for $YEET stakers, and incentivizes natural demand to play and win the game as the prize pool becomes significant enough to draw attention.
Once done, anyone can call a function to start a new game.
There are multiple ways of playing – and winning – with Yeet It. May the biggest yeetard win.
