πŸ“ˆHow is the APY Backed?

Pounder Protocol's APY explained

Pounder Protocol uses buy and sell taxes in order to sustain its fixed APY. This means we will never lower or raise the APY of the project. When users buy $POUND, 13% of their purchase goes towards the protocol, when they sell, 18% goes to the protocol as well. This is one of the main ways we achieve and sustain the APY, and therefore the reason why you need to pay this tax.

More features are in the work to help sustain the project by lowering inflation and creating additional revenue for the project.

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