What is Cairo Finance?
Cairo is a new and rapidly growing DeFi all in one platform with focus on its yield aggregator. The Cairo protocol empowers farmers to leverage their yield-seeking tendencies to optimize yield compounding strategy on BSC.
Who is behind CAIRO?
The Cairo Project was created by a team of developers and blockchain specialists! Like all other DeFI Projects, we believe our code is who we are! Thus, we will ensure to provide full transparency and let our code speak for itself.
What is the Reason for launching Cairo Finance ?
We wanted to create a platform that automatically compounds yields for all individuals, no matter how small your stake may be. Our goal is to expand the DeFi ecosystem, specifically on the Binance Smart Chain, while providing users with various strategies to maximize returns while minimizing risk.
How do Cairo Farms Work?
Essentially the farms on our platform get permission from individuals via smart contracts to automatically compound and reinvest yields on behalf of individuals.
Can’t I just compound by myself?
Compounding yourself is a very tedious process and it is often hard to know the optimal frequency and timing of when to compound and reinvest your yields. Cairo does all of this for you plus saves you gas fees.
What is the Cairo Token?
Cairo Token is our native governance token. Cairo holders govern our ecosystem.
Which Cairo Farm do I pick?
Every Farm requires a different LP Token. Furthermore the different Farms represent different risk tolerances for Cairo users. A high APY usually means more volatility in the underlying token price. For example, BUSD-BNB has a much lower compounded APY than CAKE-BNB, since BUSD is a stable coin which is pegged to the dollar and does not experience volatility.
What are the risks of Farming on Cairo?
The Systematic Risk would be the decrease of monetary value of assets deposited, be in BNB, CAKE, etc. For example BNB could be $30 when you deposit and $25 when you withdraw
The Idiosyncratic Risk would be risks associated with our actual project. Although our code has been audited, there are always risks that projects will fall victim to malicious hackers. That being said, our Cairo developers account for the security risks of smart contracts and only will interact with contracts that meet the security threshold.
How to Determine Daily % Gains?
Because the APY is constantly changing, the Compounded APY on the Cairo Platform is constantly changing. Furthermore, because this APY is calculated via compounded (exponential growth), it cannot be calculated in a linear manner (i.e. APY/365) So long as you hold your tokens in our farms for an extended period of time, your assets will continue to grow exponentially.
Where does Swap % come from?
The swap percentage is an estimation based on the swap fee that liquidity providers receive every time someone swaps that pair. These rewards go to the LP token itself, causing its value to increase, which in turn causes your share to increase. The displayed percentage rate is obtained.
Why are the transaction fees so high?
The GAS LIMIT is the maximum amount of gas that can be spent on a transaction. In some pools the GAS LIMIT is set higher than others even on claim actions. This is due to the complexity of our contracts and to ensure the transactions do not fail in case of BSC instability or high transactions load.
Take note that the gas spent will be usually half of the gas limit set. You can always check the transaction on bscscan.com to see more details.
How is the profit calculated?
At the moment of withdrawal (exit & claim) the performance fee is exactly calculated and profit is rewarded.
Why is my TVL or Deposit showing 0?
If you see 0 tvl or 0 deposit just try refreshing your browser and reconnecting your wallet.
Why am I getting failing transactions?
Unfortunately this seems to be a common issue on the chain lately. Try increasing by 5 GWEI. When this happens, it is probably happening on PancakeSwap (and other projects as well), and it is generally fine if you use 18-20 GWEI
Is Cairo Safe?
Like all DeFi Projects, it is important not to trust but to verify the legitimacy of each project by confirming the data/code. As such we are providing full transparency by releasing all the code/data required to confirm that CAIRO runs smoothly. Check out our github.
APR & APY
Let’s assume the APR of the CAKE farm is 365%. This means that on average if we divide 365% by 365 days, we get a daily return of 1%. Now since Cairo compounds this 1%, we can estimate the compounded APR using the following calculation: (1+0.01)^365 - 1 = 3678% Keep in mind that this is an assumption that only holds true if the APR of CAKE farm stays constant through one year. However, this is obviously not the case since the APY also changes by the second. We can use the same calculation for the rest of the Farms as well! Just divide the APR by 365, which would be the average daily yield. (1+daily yield)^365 -1 = Compounded APY.