Mufasa Swap (MUFASA)

Mufasa Swap
4 min readFeb 26, 2021

Introduction

Powered on Binance Smart Chain and Pancakeswap exchange, Mufasa Swap (MUFASA) is your go-to yield farm, giving you a whole lot more features that will enable you to collect more tokens. With a deflationary governance token model, Mufasa Swap is the next Automated Market Making (AMM) decentralized exchange.

Aiming for sustainability of long term gains with consistent high APR for higher earnings, our goal is to create a perpetual deflation token — the MUFASA, one that carries a constant burning mechanism for a sustained long term yield.

Features

Burning Mechanism

To secure MUFASA’s constant high gains, we have incorporated a continuing burning mechanism:

● 4% burn fee will be billed at staking;

● 80% of the burn fee will be utilized to buyback MUFASA and burn it;

● 10% will be delivered to the developer;

● 10% will be in trust for Mufasa Swap, for future projects; and

● To maintain Mufasa’s high value, we are launching uniquely special Mufasa NFTs to keep MUFASA burning in sustained high value.

Security

● Timelock included in the contract at launch; and

● Pulled out migrator code (inherited from Pancakeswap).

Mufasa Token (MUFASA)

Token Details:

● Ticker: MUFASA

● Chain: Binance Smart Chain (BEP-20)

● Supply: Unlimited

Emission Rate:

● 1 MUFASA/block;

● 28,800 MUFASA/day; and

● 9.09% will be given to the developer for marketing and dev payout and to finance future partnership & development (we inherited this model from Goose Finance).

Deflationary Mechanics:

● 4% burn fee will be billed at staking.

Burn:

● 80% of the burn fee will be utilized to buyback MUFASA and burn it;

● 10% will be delivered to the developer;

● 10% will be in trust for Mufasa Swap, for future projects; and

● A new fun way to include an added burning mechanism, Mufasa NFT (launching soon) provides value to Warriors and maintain the high worth of MUFASA.

To farms MUFASAS, stake your treasured coins in the Armory or fill the pools on Mufasa Swap with liquidity.

In return, you get EXTRA profit by receiving stackable MUFASA tokens. Talk about compounded tokens!

  1. Get MUFASA by heading to https://exchange.mufasaswap.finance/#/swap. Proceed to step 3 if you want to stake non-MUFASA tokens.

You need to connect your wallet. By clicking « Connect » you will be able to see the wallets supported:

To be recognized, keep in mind to state that you are on the BSC (Binance Smart Chain). On mobile, this is the way to work with TrustWallet (which is great for phone farming by the way!)

2. Once connected, you can now get MUFASA in exchange of your tokens.

Want only MUFASA? Just type in “mufasa” in the search bar.

You may use any token of your choice. But remember to save some tokens for the liquidity pool! Then, click on « Swap » to confirm your choice.

3. Want to participate in the Farms? Proceed to the liquidity pool: https://exchange.mufasaswap.finance/#/pool If you wish to farm here, you’ll need to stake an equal value of your two tokens of choice. For example, we will be staking MUFASA and BNB. How do you know how many tokens need to be added? Simply click on « Add Liquidity » and then select your two tokens.

In the above example, we can see that 5 BNB is matched with 15.8078 MUFASA. If you want to use all your tokens, click on « MAX ». Now you know the amount of tokens that need to be staked! Once you are satisfied with your choice, click on « Supply ».

You’ll see here the staked 0.0373196 BNB with 0.1181902383… MUFASA and can see the ratio of MUFASA per BNB and vice versa.

4. You now have some LP (Liquidity Pool) tokens in exchange for your stake. Time to farm them! Let’s go to the Farms: https://www.mufasaswap.finance/farms

Now select the pool corresponding to the pair you’ve staked (in our example we were staking MUFASA and BNB) and click on « Accept Contract » then « Stake ».

Choose the amount you wish to stake and then hit « Confirm »

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