EnCore is a decentralized, deflationary liquidity farming protocol that allows investors to hold a token and earn ENCORE tokens, with a much higher return percentage than if they would lock it up inside of a bank.
New ENCORE tokens are never generated to pay out farmers who have locked up their tokens inside of the EnCore Vault, instead, when investors and holders transact using ENCORE a fee is taken from that transaction and is given to the farmers who have locked up their tokens.
The transaction fee changes frequently, depending on many factors. The APY is calculated using the averaged ENCORE tokens generated per year from fees, divided by the total value of the UniSwap LP in ENCORE, and multiplied by 100. The APY displayed at the top of the website will change often depending on the transaction volume, current price, and amount of tokens locked.
Total Tokens Locked