Pension Token (PENSION)

The Pension Tokens concept was created between February and September 2022 by OB, Moon Avenger, and Unsphere. The contract was written by Sir Tris.

After observing trending high APY yield compound protocols for several months, the Pension Team analyzed their weaknesses and began developing a new protocol to address them.

While creating a new contract environment from scratch, our main focus was on achieving a goal those projects aimed for but never achieved: Providing passive income for the long term

To accomplish this, the Pension Token Protocol is divided into two individual smart contracts: The “Pension Token,” which provides an auto-compounding APY of 137,740.82%, automatically applied while holding the token. The “Pension Bank,” a newly designed contract that provides 2% daily BUSD rewards to holders. Using our specialized dApp, users can freely allocate tokens between these two contracts via a slider interface, allowing them to adjust plans according to their needs and preferences.

Claiming a project is sustainable is one thing; creating a sustainable project is another. To ensure sustainability, even when users cash out their tokens and take profits, we developed a special “emergency exit,” triggered using the dApp.

Restrictions are in place to prevent system manipulation and ensure exponential project growth over time, even when users exit: Transfers between wallets are not allowed to prevent token splitting and bypassing the “emergency exit” functionality. Selling is only possible using the dApp’s emergency exit, which sells 100% of tokens allocated to both plans, collects outstanding rewards, and triggers a 45% buyback in the same block as the sell transaction.