Gemstones Finance: Evolving Yield Farming Through DeFi Composability

Gemstones Finance is revolutionizing the yield farming experience by optimizing our platform for sustainability, capital efficiency and most of all safety. In a world of ever inflating assets and pump and dump memes, our mission is to deliver value to our users and the DeFi ecosystem as a whole. We have taken the best time tested contracts and are adding composability with the newest developments in Dapps and blockchain.

Our initial liquidity will be hosted on Sushiswap on the Polygon (MATIC) sidechain. Built into our token’s smart contracts are multiple deflationary mechanisms. Each transfer of Gemstones will pay a 5% tax. 4% of this tax is automatically added to Gemstone’s liquidity pools and the other 1% is burnt. This provides price floor protection and minimizes price impact by trade size. This liquidity will be locked until it is migrated to Gemstones’ own DEX later in Q3 2021. Further deflation is achieved through our lottery which burns 5% of every drawing.

We ensure sustainability by programming into our smart contracts defenses against parasitic pump and dump groups and bots. Our farms will have a two hour harvest lock up period to minimize the effects of auto-dumping yield farm bots (This only applies to your reward harvests). Gemstones’ anti-whale dumping mechanism will automatically reject any transactions greater than .5% of the total supply (this will be scaled as our market cap increases).

Like any gemstone, transparency is in our nature. We have removed the migrator code and are currently being audited. We have a time lock in place. Any changes to our code will be announced on our social media and telegram channels. Additionally, we will have a timelock contract viewer page added later in Q3.

We believe Polygon would benefit from increased accessibility in lending pairs with decreased exposure. For this reason, our initial liquidity mining will utilize Sushiswap’s Bento Box in order to generate higher stable coin yields, dual yield vaults, lending markets for key DeFi blue chips and leveraged trading. Not only will you get huge Gemstones rewards, but your underlying assets will be appreciating at the same time. Through partnerships, complementary vaults and soon to be released technologies (Sushiswap MasterChef v2) we are designing strategies capable of adding on tertiary rewards compounding your gains further.

Make sure to follow our social media accounts to catch details about our upcoming Token Generation Event.
Twitter: https://twitter.com/GemstonesDefi
Telegram: https://t.me/Gemstones_Finance
Telegram Announcements Channel: https://t.me/GemstonesFiAnn

New to Matic? Learn more at: https://blog.defiyield.app/the-ultimate-guide-for-yield-farming-with-polygon-network-373b77ccb1cf