BackstabDoge Insurance Fund (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.
- Avoiding flash crash through price stability
- Achieving longterm sustainability and future growth of the Safuu Protocol
- Greatly reducing downside risk
BIF Address: 0x22D823D9F5A79517558693379cdea53b7215e836