🚢SEA expedition

SEA expedition

​SEA expedition is a single-sided staking method for $SEA that allows users to participate in DeFi without worrying about conventional AMM-related risks such as impermanent loss.

Simply by staking $SEA, users will be exposed to three distinct reward mechanisms.

In this model, yield is derived from three distinct sources: swap fees across all SEA Dex liquidity pools, yield farm emissions, and swap fees from $SEA transactions. The 0.3% protocol fee incurred on all token swaps in featured SEA pools accumulates in the SEA expedition.

The SEA expedition contract dissolves the LP tokens from swap fees and burns them to itself, after which point it swaps the underlying assets (token 1 and token 2) for $SEA.

Thereby, SEA expedition creates a $SEA buyback mechanism in itself and dilutes the instant inflation spikes that can be seen on the other single-side stake protocols by spreading them over time. In other means, the fees generated by the users are distributed to the users again.