Your iPEFI remains the same. It is the ratio that constantly increases along with your PEFI equivalent.
For example, today you enter the nest and the ratio is 1.2 - this means that you need 1.2 PEFI to receive 1 iPEFI. In time, this ratio increases so in a few months, the ratio might be 1.5 - meaning that you will need 1.5 PEFI to receive 1 iPEFI.
The ratio can only increase!
How long will the 6% Paper Hands Penalty last?
For now, the 6% withdrawal fee is fixed. In the near future, it is likely that we will review this and put it up to a community vote.
This 6% PHP is distributed to all iPEFI holders.
How do I farm?
You can stake different LP token pairs in our Igloos (farms) to earn PEFI and other Avalanche-native tokens, thanks to our revolutionary Igloo contracts!
Our auto-nesting feature is designed to save you time and effort. With just one click of the harvest button, your PEFI rewards are sent to the nest, giving you iPEFI in return. A perfect way to accumulate more iPEFI - the golden ticket to Penguin's ecosystem.
When you have it set at 100% - this means that all your PEFI rewards will be converted to iPEFI when harvested. If you set it at 0%, you will only receive regular PEFI in your wallet.
Users have the freedom to modify their auto-nesting to fit their personal strategy.
Do I need to unstake my iPEFI for IDOs and Club Penguin?
No! You can think of it as 'stakeception' - your iPEFI is always earning interest from the nest even when you are registered for an IDO or staked in a Club Penguin Iceberg.
What is the Emperor game?
We have built a game where users must bid with their iPEFI and try to stay on the throne for the longest to be crowned the Penguin Emperor and receive a share of the jackpot!
All iPEFI holders benefit from the game, even if you don't participate, since a portion of bidding fees are directed to the nest.
We have redesigned the game with new parameters to make the game accessible to as many penguins as possible. Stay tuned for more information!
The arena is currently in development. The delay in the deployment of the Chainlink VRF on Avalanche has meant that we have had to push back the release of the arena. The team is looking at alternatives as we are very eager to bring the arena to life!
Is Penguin Finance Safe?
See for yourself:
Our Masterchef & Penguin Token contracts have been thoroughly audited both by paid developers from other DeFi projects and blockchain security firm Certik.
We’re fully open-source meaning that all of our Smart Contracts are publicly visible for maximum transparency.
Our contracts are verified on the AVAX Explorer, what you see is what you get.
Security best practices:
All of our contracts are behind a 24-hour time-lock to give our Penguins peace of mind. This means any change will go into effect the day after it's been pushed.
Our team is anonymous to the public (we've KYCed with the AvaLabs team) to ensure that no one can use personal information to potentially compromise the security of the project.
Where can I view the Penguin Finance roadmap?
You can view our new roadmap here. There's no particular timeline or order as to which developments will happen first, think of this as a checklist instead.
The team is working very hard to make this happen. We are in discussion with multiple CEXs and want to get the best deal for our penguins.
Wen airdrop sir?
Whenever there is an official airdrop on Penguin Finance it will be announced along with the requirements.
In order to keep a level playing field, all airdrop details are confidential. Rest assured we aren't in any rush to airdrop all of the respective allocation. Our airdrops will be distributed through several small key allocations over time to ensure our early investors aren't significantly impacted.