> For the complete documentation index, see [llms.txt](https://backstabdoge.gitbook.io/backstabdoge/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://backstabdoge.gitbook.io/backstabdoge/backstabdoge-overview.md).
# BackstabDoge Overview
**BackstabDoge provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of it's unique BAP protocol.**
**The BackstabDoge Auto-Staking Protocol (BAP for short) is a new financial protocol that makes staking easier, more efficient and awards $BackstabDoge token holders the highest stable returns in crypto.**
The SAP uses a complex set of factors to support its price and the rebase rewards. It includes the **BackstabDoge Insurance Fund (BIF)** which serves as an insurance fund to achieve price stability and longterm sustainability of the BackstabDoge Protocol by maintaining a consistent **0.01933% rebase rate** paid to all $BackstabDoge token holders **every 12 minutes**.
The BackstabDoge development team has coordinated all of these elements together so they work seamlessly behind the scenes. The result is a simple and elegant staking and rewards system for $BackstabDoge holders. BAP gives the BackstabDoge token automatic staking and compounding features, and the highest Fixed APY in the market at **478,681.20%** for the first 12 months.
BackstabDoge is a company focused on DeFi innovation that creates benefits and value for BackstabDoge token holders. Our BAP protocol that is used within the BackstabDoge token grants exceptional benefits for holders of $BackstabDoge:
* **Low Risk with the BackstabDoge Insurance Fund (BIF)** - 5% of all trading fees are stored in the BackstabDoge Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.
* **Easy and Safe Staking**** -** The BackstabDoge token always stays in your wallet so it doesn’t need to be put into the hands of a 3rd party or centralized authority. All you need to do is buy & hold as you automatically receive rewards in your own wallet so there’s no more complicated staking processes at all.
* **Interest Yield with Automatic Payments**** -** You need not be worry about having to re-stake your tokens. Interest yield is paid automatically and compounded in your own wallet, guaranteeing you will never miss a payment.
* **Highest Fixed APY**** -** Safuu pays out at 478,681.20% in the first 12 months which rivals anything in the DeFi arena to date. After the first 12 months the interest rate drops over a predefined Longterm Interest Cycle period.
* **Rapid Interest Payments**** -** The BackstabDoge Protocol pays every BackstabDoge Token holder each and every 12 minutes or 120 times each day, making it the fastest auto-compounding protocol in crypto.
* **Auto Token Burn**** -** One of the exciting features of the BackstabDoge Protocol is an automatic token burn system named “The Fire Pit” which prevents circulating supply getting out of hand and becoming unmanageable. The Fire Pit burns 2.5% out of all BackstabDoge Token market sales and is burned in the same individual transaction.
The SAP uses a complex set of factors to support its price and the rebase rewards. It includes the **BackstabDoge Insurance Fund (BIF)** which serves as an insurance fund to achieve price stability and longterm sustainability of the Safuu Protocol by maintaining a consistent **0.01933% rebase rate** paid to all $BackstabDoge token holders **every 12 minutes**.
The BackstabDoge development team has coordinated all of these elements together so they work seamlessly behind the scenes. The result is a simple and elegant staking and rewards system for $BackstabDoge holders.
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