TWIN FINANCE FAQ
1. What are Twin synthetic assets?
The objective of tAssets is to mimic the price movements of the underlying assets in the real world and provide investors with access to a wide range of assets without geographical barriers
2. How are tAssets traded?
The tAssets are traded by interacting with liquidity pools on Apeswap
3. Do I have to go through the KYC process?
Twin Finance aims to be decentralized in all aspects, including whitelisting, governance, minting, and trading. As a result any blockchain user will be able to perform all the functions available on the Twin Finance platform without going through a KYC process.
4. How are corporate actions and dividends handled?
Corporate actions are handled through an asset migration process. Since the reflected assets do not confer any rights to the underlying asset, the reflected assets do not confer dividends.
5. What are the protocol commissions / fees?
There is a flat fee called LP commission which is 0.25% and which serves as a reward for liquidity providers for Twin related groups on Apeswap when you trade with tAssets.
There is also a buyout fee when your minted tAssets are not properly collateralized.
6. What hours can I trade and coin tAssets?
TAsset liquidity is provided directly through Apeswap’s liquidity pools and as such can be traded regardless of market hours.
TAssets can also be minted at any time.
7. What are the benefits of providing liquidity?
Providing liquidity for the Twin Finance platform is equivalent to locking your liquidity on Apeswap. By doing so, you ensure that there is a sufficient supply of assets to trade at any given time. As compensation for providing liquidity, you will receive LP tokens that accumulate a trading commission charged by the protocol. Additionally, staking LP tokens provides rewards in the form of $ TWIN tokens.
8. Is there any risk of providing liquidity to TWIN pools?
You can remove the liquidity provided at any time. While there is no risk of losing liquidity in most circumstances, in the event of large changes in the price of the provided tokens, the return on providing liquidity may be less than the absolute change in price (known as impermanent permanent loss) . This is the same risk that liquidity providers face at Uniswap.
9. What can we do with the $ TWIN tokens?
$ TWIN tokens have a variety of functions on the Twin Finance platform.
The main functionality of the token allows holders to participate in the governance of the protocol and for Twin holders to benefit from the platform fees by recurrent TWIN burns
Additionally, by providing liquidity to the TWIN token pool user get rewards in the form of extra TWIN tokens.
10. What is the distribution and allocation program for $ TWIN Token ($ TWIN)?
Look here.
11. Have the smart contracts of the Twin Finance platform been audited?
Yes, you can find the audit reports here.
12. How can I participate in the IDO?
The IDO will take place on June 15 on the Astronaut.to platform
It is the only way to obtain the $TWIN token before we provide liquidity in the APESWAP platform.
✅Channels:
- WEB: https://twin.finance
- TG: https://t.me/TwinFinance
- TG Announcements: https://t.me/TwinFinanceAnn
- Twitter: https://twitter.com/TwinFinance
- Medium: twinfinance.medium.com
