Introducing Rootkit Finance

Rootkit is a highly deflationary, yield-farmable token that uses permanently locked liquidity pools to unlock new possibilities.

Utilizing the combination of the Uniswap pricing mechanism, a fixed-supply currency, and permanently locked liquidity pools, Rootkit creates a price floor that is easy to calculate and ensures a minimum lifetime price for that token. This allows us to reuse the ETH locked in our system multiple times, pioneering past the expected norms of traditional economics. In fact, our proposed design blows everything you’ve seen in DeFi out of the water too. We’ll explain below the unique features we’ve built into our contracts to pursue this bold vision.

Improved Liquidity Generation Event [LGE]

The Rootkit launch is designed to be as fair as possible to all participants. After a one-week deposit period, the funds received will be paired with the full supply of Rootkit to create the first Uniswap pool.

Transfer Gate

The Rootkit Uniswap pair uses kETH, a wrapped version of wETH. Anyone can create kETH and redeem it anytime at a 1:1 rate for wETH. There are no fees other than gas required to do this. All available kETH can be redeemed for wETH at any time.

Price Floor

Rootkit increases its price through active use of its own Ethereum liquidity. It is a fixed-supply token, and its trading liquidity can never be removed. This creates a minimum price the token can ever be that is very easy to calculate.

Deflation

Rootkit has a 0.4% burn built into every transfer to reduce the supply proportionally to overall volume. The standard Uniswap fee on trades provides deflation to the circulating supply thanks to the liquidity being locked.

Rootkit Vault

Using kETH allows all the ETH below the price floor to be moved to the Rootkit Vault. As the price floor rises from volume and burns, more ETH is moved to the Vault. The goal of the vault is to use the funds to help lock up more liquidity and burn more Rootkit (whatever increases the value of Rootkit the most).

Governance and Fees

New types of internal farming strategies will be voted on by Rootkit holders. These strategies will be applied directly into the router contract, instead of using separate vaults. On all transfers there is a small burn, and a fee is taken that is paid to all Liquidity Provider token holders.