Reactor - Greed is Good
I'm a fan of yield farming, it is one of my favorite aspects of crypto. My personal favorite DeFi protocols is called EMP Money, a tomb fork in which their native token (EMP) is pegged to Ethereum (ETH) - one of my favorite coins. Funny thing is, while I do yield farm within the ecosystem, my favorite part of their system isn't their yield farms but rather something called the Detonator. On Saturday August 28th at 8:10 EST, EMP Money is launching a Detonator clone called the Reactor and you have a chance to get in on the ground floor.
EMP Money is an amazing protocol with a strong development team that are well know to the incredible community supporting it. I'm involved in a variety of parts of the ecosystem including their farms, the boardroom, nodes, auto vaults and the Detonator.
The Detonator
Before diving into the Reactor, it is helpful to understand the basics of the Detonator from which the source code for the Reactor was taken. The EMP Money Detonator is a ROI (return on investment) smart contract that actually uses the same liquidity pool (LP) token as their main farm which is their EMP-ETH LP token. Once you have LP tokens created, you can simply stake them in the Detonator to get a 365% return back in more LP tokens. That profit returns assumes you simply cash out the returns each day, however, you can boost that by compounding your daily returns to get back more than 365%. On a daily basis, I'm currently receiving about .58% back each day on my deposit which grows due to compounding.
The Detonator is the "secret sauce" within EMP Money and what is continuing to drive up the total investment within the platform, even in this bear market. The Detonator could be a stand alone platform by itself, similar to the Drip Network, but with a key feature that separates it from all others and invokes "greed" from those who participate driving more and more investment into the ecosystem which will also apply to the new Reactor feature. More on that below.
In one man's humble opinion, the Detonator is the best ROI DAPP in crypto...
The Reactor
The Reactor takes its code from the Detonator, which wasn't a clone but rather developed from scratch by the EMP Money team, and applies it to another LP token which is a combination of their reward token ESHARES and BNB so the rewards mechanism works the same. While it has been built for the long-term and it will always be a good time to enter the contract, getting early has the advantage of additional compounding due to the bonuses paid for each new deposit to existing investors in the Reactor.
Taxes
There are taxes on both deposits and withdrawals. It should be noted that when you deposit into the Reactor that investment is locked and you cannot withdraw it, but must take out daily rewards to get your return back over time. When you make a deposit there is a 10% tax of which a nice percentage goes to existing depositors as an instant reward which is a good reason to get in early. You will still receive 100% credit for your full deposit while still getting rewarded for other deposits.
There is also a 20% withdrawal tax, however, there is no tax on compounding within the system. I focus on compounding but have claimed a little to take the LP tokens from the Detonator (see screenshot below) and place into some of their yield farming autovaults which compound the LP automatically (they have a number of options here including Beefy Finance, YieldWolf, Magik Farm and others). One of my strategies is to compound when the price of ETH is depressed like it is now (a good entry point for new investors) and claim once the price of ETH rebounds. I will take the same approach with the Reactor depending on the price of BNB.
Largest Deposit and Lottery Winner = Greed and Sustainability
This is the genius behind the Detonator and the Reactor and what makes both sustainable for the long-term. Rewards within the Detonator can be claimed during a 24 hour time period that concludes at 12:00 AM UTC each day which is 8:00 PM EST, I. believe this will be an hour earlier for the Reactor. If you do not claim within the 24 hours you don't lose the reward, it just resets and pushes your reward back one day. You can claim or compound multiple times within a 24 period if you so choose but many just do it once a day to avoid more gas fees although they are pretty low on the Binance Smart Chain network.
Winner, winner, chicken dinner! There are multiple prizes given out each day that each can be in the thousands and tens of thousands of dollars. Interested in winning that big of prize?
The first winner is the largest depositor of the day. Whoever puts in the most LP tokens wins the prize. I've seen this be as low as a few thousand dollars worth to upwards of $50K but essentially they match your deposit instantly doubling your investment. This makes it very interesting around the 12AM UTC mark when people try to "snipe" the prize by outbidding the current highest depositor. The last 30-60 seconds on the clock involve all sorts of deposits as investors try to grab the top prize. EMP Money has a daily Telegram and YouTube chat around this event, starting an hour before which really helps develop a strong sense of community. How many other protocols offer daily interactions with the founders?
There is also a new Win-It-Now feature that allows you to instantly win the amount listed in that pool by matching it. Again, doubling your deposit.
The final winner is drawn at random from tickets (up to 100 per day per user) earned by depositors of .15 of the LP token in the Detonator and .01 LP token for the Reactor, or more which doesn't equate to that big of an investment. Each .15 worth of deposit earns a ticket up to 50 tickets total in the Detonator and only .01 LP required in the Reactor. Another 50 tickets can be earned via compounding (.12 of the LP token per ticket in the Detonator and .008 LP in the Reactor), this allows me to participate in the lottery each day with a chance to win the big prize. If you win, the reward goes into your deposit credit meaning you can't take it all out at once but over time meaning you can grow it by a minimum of 365% if you don't compound. This also means a $10,000 prize will equate to receiving $36,500 or more if you compound - much more. Interested now?
Growing ESHARE-BNB LP Balance
The daily deposits made by those compounding and those trying to win the largest deposit in the Reactor will drive up the balance every day. While many platforms have been declining during the bear market, the Detonator continues to see investments grow every 24 hours and I expect the Reactor to do the same. The protocol launched in April and we all know how the market has performed since then. Just look at the LP Token balance within the Detonator on the first of each of the first three months since launch:
May 1 = 39,321
June 1 = 61,341
July 1 = 81,774
Yes, greed makes these ROI contracts go round. Well actually, it makes them go up and up. This not only profits you but helps the overall protocol by adding liquidity to the EMP and ESHARE tokens. The added liquidity increases the scarcity of the tokens which puts upward pressure on the price thanks to simple supply and demand economics.
Do you believe in Ethereum and Binance Coin?
I certainly do. My goal is to build passive income streams around blue chip coins like ETH and BNB so my preferred platform is EMP Money and my preferred feature is the Detonator with the Reactor being added to that list this week. I'm already doing quite well within the protocol, just imagine how well I will be doing when Ethereum and Binance soar in a bull market again. I'm printing ETH everyday thanks to this platform and when not reinvesting within the same feature, I am taking profits and investing them in other parts of the protocol.
Want to know a secret? If you continue to compound more often than you claim within the Detonator and the Reactor, you will never fully claim your full max earning as the total deposit continues to grow. A 6-1 compound to claim ratio would work very well - just pick your payday each week. I suspect a 5-2 ratio would also work well although given the bear market I'm compounding just about everyday to push profits to a point when Ethereum and Binance are much higher.
Greed is Good
Are you greedy? As Gordon Gekko pointed out in the movie Wall Street 30 years ago, "greed, for lack of a better word, is good!" I believe this certainly is true when it comes to the Detonator and the new Reactor. These gamified smart contracts on the BSC network uses human emotion to build a sustainable money printer paid out in blue chip crypto.
Greed can help you build a passive income source and certainly that kind of greed is good indeed. If you are greedy like me, like passive income and are bullish on Binance in the long-run feel free to check out my new favorite investment and get in on the ground floor of the Reactor!
