FAQ
Frequently Asked Questions
Low-brow but I rock a little knowhow
No time for the piggies or the hoosegow
Get smart; get down with the pow-wow
Never been a better time... than right now
The following are answers to common questions. Enjoy!
I just woke up. Where am I?
This is Stadium Arcadium, the first ever user-owned yield farm and blockchain platform! Our ownership functionality leaves all others in the dust.
But how is this farm different?
We call ourselves "The Only Real Project in Shitfarming"! That is because our new system has a fundamentally innovative ownership feature:
Our pools emit two tokens: a farm token and an ownership token. Ownership token (MYFRIENDS) stakers will receive 75% of all deposit fees, 3% of the 6.66% transfer tax on the farm token (ARCADIUM), and 50% of all other platform income via automatic distribution through the MYFRIENDS contract. This ownership concept is far superior to anything else in crypto, and its quality also exceeds pretty much all other dividend benefits you can get in the real world.
But I came here from the PolyWantsACracker website. How is this related?
PolyWantsACracker (LITHIUM token) was the first farm (Layer 1) by Sugandese Tokens. This is their second farm (Layer 2), which introduces the Yield Farming 2.0 system. All Layer 2 (Stadium Arcadium) pools emit both ARCADIUM and MYFRIENDS tokens.
Will LITHIUM be supported after the swap period? Will there be LITHIUM pools in Layer 2?
No. LITHIUM will not be supported after the 48-hour Layer 2 presale swap period. During that period, we intend for all of your LITHIUM to be swapped for Layer 2 tokens. After that, LITHIUM will be officially retired. We want to give you your full allotment of revolutionary Layer 2 tokens immediately. Without redeeming LITHIUM via our presale swap, you would not be able to receive immediate dividends distribution via the MYFRIENDS ownership contract.
When will the LITHIUM swap period and USDC presale take place?
See our Presale Schedule page for presale details!
So wait a minute... If there is a USDC presale coming up, why shouldn't I just sell LITHIUM?
Because LITHIUM is the only guaranteed ticket into the Layer 2 presale. Our LITHIUM presale contract can redeem all LITHIUM in existence, but our USDC presale has a hard cap, which we expect to fill quickly. Our previous presale sold out in less than 2 minutes, and many did not get a chance to participate. Finally, our presale policy guarantees USDC buyers a respectable portion of the tokens!
But can the LITHIUM presale swap contract run out of space? Is there a chance that I am holding LITHIUM that I cannot redeem?
No. The presale swap contract will be able to redeem all LITHIUM in existence. Holding LITHIUM is a guaranteed ticket into the presale.
And what if I really want to help the project? What do I do then?
Well, thank you for asking! I'm so flattered that you asked. Really, any participation in PolyWantsACracker or either the USDC or LITHIUM presales helps the project:
LITHIUM-USDC and LITHIUM-MATIC LP (highest APRs)
Buying, holding, and staking spot LITHIUM (directly increases the system's value)
Depositing in non-native pools (60% of deposit fees to buyback wallet)
Participating in the LITHIUM presale swap (increases liquidity recovery and redistribution)
Participating in the USDC presale (provides liquidity funds, buyback funds, and operating budget)
Can I choose which Layer 2 token I get in the USDC and LITHIUM presales?
No. Whenever you contribute to either presale, you get BOTH Layer 2 tokens (MYFRIENDS and ARCADIUM) in a set ratio. Please see our Presale Token Distribution page for details.
So then what happens to the LITHIUM liquidity money after the swap?
Well, that's a great question. I'm glad you asked. You have correctly identified that there will be money left in the Quickswap AMM liquidity pool after the LITHIUM presale is over, as any LITHIUM used for the presale and not sold on Quickswap will leave cash in the LP address. This introduces a unique opportunity. Here is what we are going to do:
Wait until the end of the 48-hour LITHIUM --> Presale 2 swap period, and then
Collect all LITHIUM from the presale swap, buyback wallet, and anywhere else we can find it
Sell all LITHIUM to the AMM, collecting USDC
Send all USDC to the MYFRIENDS ownership contract after giving everyone an opportunity to stake
The USDC will be automatically and immediately distributed to stakers in the MYFRIENDS single staking pool proportionally, and can be harvested anytime
Therefore, those who participate in either the LITHIUM or USDC presales are intended to receive an immediate burst of cash proportional to LITHIUM's final value at the end of the swap period. 100% of the funds thus collected will be distributed directly to owners via the MYFRIENDS contract.
But why are the MYFRIENDS and ARCADIUM tokens any good? What do they actually give me?
MYFRIENDS is an ownership token that provides its stakers with never-before-seen benefits that are going to be huge in terms of both amount and percentage. A list of benefits is available on the MYFRIENDS description page.
Do I get those awesome dividends for providing liquidity (LP staking)?
No. LP tokens do not contain a set amount of MYFRIENDS tokens. We require that you stake MYFRIENDS specifically for that purpose in order to earn dividends. We believe that this creates scarcity, as those who want to receive dividends and also receive high APRs from the LP staking pools will need additional MYFRIENDS in order to fulfill both purposes.
How long does Layer 2 (Stadium Arcadium) farming last? What happens after that?
Layer 2 farming lasts the same amount of time as Layer 1 (approximately 14-17 days, or 625,000 blocks) on Polygon Network. After that, you will be able to swap both Layer 2 tokens for Layer 3 presale tokens (both ownership and farming tokens in a set ratio, just like the Layer 1 --> Layer 2 swap). However, one difference is that there will be no Layer 3 cash presale. Therefore, your Layer 2 tokens will transfer in undiluted fashion to Layer 3 (although we will reset the numbers of tokens for farming, infrastructure, creators, and partnerships). Further, the Layer 2 presale will be the last one that accepts cash. In the L3 presale, only tokens will be accepted.
Ser, when buyback?
Throughout the Layer 1 (LITHIUM) farming period, we have averaged several daily buybacks from our buyback wallet. These are sometimes done at strategic points, and money is also used for buybacks on a recurring basis to keep investor confidence high. Because of our 60% buyback policy during Layer 1, we have a very high amount of funds available for buybacks and can ensure the continued survival of Layer 1 until emission is complete. Any buyback funds that are unused during Layer 1 will be carried forward and added to the buyback wallet for Layer 2 (Stadium Arcadium). Layer 2's new buyback money will be funded by the Layer 2 presale. The scope of our buyback policy has also been expanded to include indirect but fun methods such as merchandise drops and video games that accept ARCADIUM tokens as payment.
Ser, when AMA?
August 3, 1300 UTC: Polygon News (Telegram)
August 9, 1800 UTC: The Gem Hunters - text AMA (The Gem Hunters Telegram)
August 10, 1200 UTC: The Moonwalkers - text AMA (The Moonwalker's High Table Telegram)
August 11, 0000 UTC: Satoshi Street Bets - Voice Meet and Greet (Satoshi Street Bets Telegram)
© 2021 Sugandese Tokens
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