🛡️BackstabDoge Insurance Fund (BIF)

BIF

BIF is the acronym for the BackstabDoge Insurance Fund which is a separate wallet in BackstabDoge's BAP system. The BIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the BIF wallet.

In simple terms, the staking rewards (rebase rewards) which are distributed every 12 minutes at a rate of 0.01933% are backed by the BIF parameter, thus ensuring a high and stable interest rate to $BackstabDoge token holders.

5% of all trading fees are stored in the BackstabDoge Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.

BIF Keeps holders safe by:

  • Avoiding flash crash through price stability

  • Achieving longterm sustainability and future growth of the Safuu Protocol

  • Greatly reducing downside risk

BIF Address: 0x22D823D9F5A79517558693379cdea53b7215e836

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