ShouYi Introduction

Shouyi is a smart revenue aggregator, it is the first DeFi product on on the Hoo Smart Chain.

What is ShouYi?

ShouYi is a "combinable leverage + reinvestment mining" revenue aggregator that provides simple, clear and direct asset management services, Shouyi can provide customers with a combination of DEX, ISO, DAO as a smart combination of DeFi mining and revenue aggregation products.

1.Farming

Farm pools

Here's where the magic happens. Revenue farmers and liquidity providers choose a pool and use leverage to gain farming or leverage to provide liquidity.

To learn where each pool's APY comes from, please see Where does each pool's APY come from?

For more detailed information on the benefits received by farmers and liquidity providers, please see Protocol Users.

For a detailed step-by-step guide to income farmers and liquidity providers, please see Tutorials.

Mode

Liquidators can earn rewards here.

Liquidators earn 5% of the value of the positions they liquidate.

For more detailed information on what liquidators receive, please see Protocol Users.

2.Earning

Earn HOO

HOO holders can earn a very high lending rate by lending their HOO.

The lending rate is derived from the interest rate paid by leveraged revenue farmers/liquidity providers for borrowing these HOO and thus revenue farming/providing liquidity.

For more detailed information on what to get, please see Protocol Users.

For a detailed step-by-step guide for HOO lending, please see Tutorials.

Earn SYI

Revenue farmers, liquidity providers, and users of the machine gun pool are eligible to receive the platform token SYI.

For more information, please see Mining.

3.SYI

SYI Pool

The sHOO/SYI pool allows lenders who lend through SYI (and recover sHOO) to earn more by providing liquidity to the sHOO/SYI pool. Likewise, SYI token holders can profitably become liquidity providers to the pool.

HOO holders can provide liquidity to a "sHOO/SYI pool that accepts HOO, SYI" and thus earn SYI.

Exchange

Since there is only sHOO/SYI pool on PUD, users can exchange HOO with SYI here.

If you want to exchange HOO for sHOO to earn interest on HOO, you can do that here too.

4.Machine gun pool

The ShouYi team wants to bring DeFi users a first-class DeFi service with low fees. Each pool can have a different strategy, but most of the pools use ShouYi's proprietary automated compounding strategy.

There are currently two types of pools: Stable and Risk.

For more information, please see Machine Gun Pools.

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