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URANUS TOKEN WHITEPAPER
High Yield DeFi Made Simple.

Introduction

Uranus is a deflationary, passive yield generation token on the Binance Smart Chain network. At inception, the core premise of Uranus was create a charity focused frictionless static yield generation asset that offers stakeholders a new type of passive rewards which does not require the asset to be staked, or used to provide liquidity. To partake in DeFi yields all you have to do is hold Uranus.
There is an abundance of new users entering blockchain and DeFi. The popular yield generation methods, such as farming, providing liquidity or various other staking methods, are complex topics and can feel cumbersome to new users. This friction can slow down mass adoption of decentralized financial systems, which are meant to empower all types of users, all around the world, not just the most technically proficient in leading economies. There is nothing more convenient or simple than passively hodling a DeFi asset and receiving rewards that just "appear" in your wallet.
Uranus is an experimental Charity DeFi asset which uses an novel mix of deflation and passive rewards in an attempt to ease this adoption curve. Alongside with this primary goal, Uranus incorporates many other battle-tested traits of popular defi assets, not the least of which is the programmatic creation of Locked Liquidity. This, along with an aggressive and consistent supply burn, creates the effect of a "rising price floor" as the volume of BNB/Uranus locked liquidity increases.
By simply holding Uranus, users are able to gain exposure to the high growth DeFi sector without all the bottlenecks that are typically encountered with various other permissionless DeFi offerings.

Tokenomics

Uranus incorporates the following fee and burn schedule:
    - 4% of TX fees are used to create permanently locked liquidity between Uranus-BNB
    - 4% of TX fees are donated to a community chosen charity every month.
    - 2% of TX fees go to existing holders of Uranus as rewards.
Uranus employs a mechanism called "reflection" that distributes rewards to stakeholders in real time, and with zero fees. This is achieved by effectively "rebasing" on every transaction and computing balances in real time while viewing or entering into state-changing functions. This unique functionality allows Uranus to have frictionless utility and generate passive yields for its stakeholders.
The diagram above provides an example of the "separation axiom" that is employed during each transaction from Uranus.
Every time a Uranus transaction occurs, the protocol checks to see if the latest TX should cause a distribution event. If the fee repository is at or above the accrual threshold, a distribution event occurs, producing a positive yield for stakeholders as well as funding the burn wallet which is then liquidated as described above.

Burning Mechanisms

Uranus incorporates a powerful DUAL burn system which also connects it to its parent ecosystem Binance Smart Chain. This is a unique multicoin system that benefits the greater ecosystem which in turn benefits Uranus both economically and and fundamentally as it is part of a larger system. When the configured threshold is reached, the burn process is initiated and will result in the following effects.

Automatic Locked Liquidity

The ability to collect and retain liquidity is one of the biggest challenges for any DeFi asset or platform. In a vast majority of DeFi systems, users must provide liquidity by creating or adding to token pairs in liquidity pools. A commonly misunderstood trait of these systems is something called "impermanent loss" which can be explained as a temporary decrease in balance of one-side of the provided LP pair for the liquidity provider in an attempt to maintain a constant product (as described in the "constant product model" x * y = k). For the average or new user this entire process can seem murky and lead to a perceived loss of value, and as such, may deter some users from interacting with the protocol.
Uranus solves this problem by avoiding farming all together, as well as automatically locking a percentage of transaction fees into "locked liquidity" of BNB/Uranus LP. This leads to a far safer and trustable economic base as stakeholders can count on available liquidity being present as the liquidity can indeed not be removed, but must be accessed only through swaps.

Conclusion

The Uranus experiment exists to provide a borderless, permissionless, decentralized and accessible digital asset with unparalleled resiliency and a rising price floor supported by a consistently increasing pool of locked liquidity. These traits and goals, along with the novel mechanics of passive, feeless rewards distribution via reflection make Uranus a prime example of "user friendly" DeFi, as by simply holding the asset any stakeholder can benefit from it's unique and powerful properties.
Last modified 4mo ago